Higher Ed bubble?

5/19/2011: Or the usual recession result? Don’t expect the NY Times to actually do any analysis. A quotefest from Catherine Rampell in the NY Times:

The median starting salary for students graduating from four-year colleges in 2009 and 2010 was $27,000, down from $30,000 for those who entered the work force in 2006 to 2008, according to a study released on Wednesday by the John J. Heldrich Center for Workforce Development at Rutgers University. That is a decline of 10 percent, even before taking inflation into account.

Of course, these are the lucky ones — the graduates who found a job. Among the members of the class of 2010, just 56 percent had held at least one job by this spring, when the survey was conducted. That compares with 90 percent of graduates from the classes of 2006 and 2007.

Or in case you’re over your thirty articles, get the story from Darin Moriki in the ODE:

Chereck said newly matriculated students should align their career choices with something they are passionate about and are able to perform well. If these areas are not easily identified, Chereck said it may be difficult for students to find a satisfying career. Chereck also noted that students eventually do not always get jobs that align with their selected major, because certain jobs are open to a variety of different skills.

“I think everybody has an impression of what they would like to be doing when they graduate,” Chereck said. “Sometimes people’s ideas are more scaled up than what the reality is, but I like the fact that people have dreams and are moving toward something.”

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