Teens are hot hires amidst labor shortage

SocratesPost is always on the frontlines scouring the news for relevant updates in the college admissions landscape. We look for anything that can help shape our understanding of the latest trends in admissions and help our readers see the direction in which we’re moving.

Questions we explored this week:

  • Which universities' graduates earn the highest starting salary? Here are the top 3.
  • Want to get $10k for college as a transfer from community college? You can get that here.
  • Now is the easiest time for teens to get summer jobs. Why?

July 8, 2021 — Samuel Merritt, Harvey Mudd, and MIT

Graduates of Samuel Merritt University earn $93k in the first 2.5 years of their career, followed by Harvey Mudd in Claremont, Calif. at $91k, then Massachusetts Institute of Technology at $88k. These starting salaries reflect only Bachelor’s degrees in STEM.

What does this mean? Ivy League graduates might have a prestigious diploma, but not the highest salaries. For high starting salaries, smaller, specialized institutions give better ROIs.

Read more here.

July 9, 2021 — Tennessee State University

Transfer applicants from the state’s 13 community colleges can qualify for a $10k scholarship if they have a 2.5 GPA and demonstrate financial need. Transfer applicants should apply before July 31 or sooner because the funds are first-come, first-served.

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What does this mean? In a national effort to increase higher ed access, community college applicants and transfer applicants receive incentives to pursue a 4-year degree. If you’re trying to avoid a competitive and stressful college app season, opt for community college then transfer in lieu of direct admission to a 4-year.

Read more here.

July 6, 2021 — Labor shortage

According to the Bureau of Labor Statistics, the share of teenage workers aged 16 to 19 rose to 37% in May 2021 from 20% in April 2020. This is the highest rate since the Great Recession. The number of teenage job seekers also jumped 35%, according to Snagajob. Employers are eager to hire amidst a reopening of leisure, hospitality, and food service industries. Teens have taken gap years from college, making them suitable employees for these entry-level positions.

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What does this mean? Working even in an entry-level minimum-wage job can prepare students for the demands of college, including managing time, communicating with other adults, and budgeting. Encourage your student to apply for a job this summer if they’re just sitting around.

Read more here.

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