Student debt records have risen this year but so have graduate salaries, according to The Wall Street Journal.
For students set to graduate this spring the average debt is $37,172, breaking the record set by the 2015 class, according to The Wall Street Journal.
The median salary for recent graduates was $43,000 in 2015, an increase from $39,992 in the previous year, and Americans with a bachelor’s degree had starting salaries at $50,651, according to The Wall Street Journal.
Scott Bergstrom, an institutional research and assessments officer, explained the employment outlook from a BYU-Idaho standpoint.
“About two of every three of our students that want to work (those who are) seeking employment, have a job or a job offer by the time they leave here after five years for sure.”
Bergstrom said that these statistics come from the university’s alumni and graduate surveys.
“We ask, ‘Does this job meet your expectations of an entry-level career position?’ On average 93 percent, over the last five years, say, ‘Yes,'” Bergstrom said.
This was the mainstream response though different jobs have different salaries, according to Bergstrom.
“Every profession has its pay rate,” Bergstrom said. You’ve got everything from teachers who don’t make the same as, let’s say, a computer guy but as we looked at all of that, they all are earning a good expectation for an entry-level wage in their field.”
Steve Davis, alumni director, said preparation plays a large role in landing a job after graduation. Students should take advantage of campus resources such as the alumni network and activities hosted by the internship and career services.
“If they will do their internships and start networking early, most of them, I would say virtually 100 percent, will have a job when they graduate,” Davis said. It’s like anything in life, if you procrastinate, and then you wait until the end, your options will be limited.”
“Internships are what lead to obtaining a job, according to Davis.
A third resource was given by Sidney Palmer, dean of faculty development and mentored research. The RBCD is an off-campus organization that allows students to work on real-world projects from the company’s clients.
Palmer said some students have been able to achieve jobs from the RBCD.
Students dropping out of college is a worse problem than student debt according to The Wall Street Journal. They predict this trend will lead to problems in the future.
Bergstrom said the outlook of graduation is good for BYU-I students.
“Of those that start here, that complete a degree, it’s two out of every three students,” Bergstrom said. “So it’s 67 percent. We wonder why it isn’t 90,”
Bergstrom said some of the reasons for dropping out include students attending a different college for their major, students who get married and leave, or students that are caught off guard by the honor code and decide not to attend.