Consistently High Demand for Degreed Professional in the ...

[Pages:13]Consistently High Demand for Degreed Professional in the Commonwealth Workforce

Associate's Degrees

Consistently High Demand for Degreed Professional in the Commonwealth Workforce

Bachelor's Degrees

Es=mated Shor?all in Public Higher Educa=on Degreed Workers Compared with Es=mated Need: 2015?2020

8,000 7,000

Bachelors

Associates

6,000

5,000

4,000

3,000

2,000

1,000

-

2015

2016

2017

2018

2019

2020

Source: "Job Growth and EducaEon Requirements Through 2020", Georgetown Center on EducaEon and the Workforce

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"The Perfect Storm"

?High Percentages of jobs requiring a college educaEon ?Growth in jobs that require a college-educated workforce ?Declines in college-age populaEon ?Persistent low college compleEon rates ?Persistent gaps in college enrollment and compleEon among growing underserved populaEons.

Public Higher Educa=on in MassachuseNs has been grappling with rela=vely flat student outcomes at a =me in which the demand for college degrees is perpetually increasing.

Growth in Jobs that Require a College-Educated Workforce: 2010?2020

400000

350000

300000

250000 200000 150000 100000

50000

Less than High School High School Diploma Some College Associates Degree Bachelors Masters Or Higher

72% of jobs will require postsecondary educaEon

0

Es=mated Jobs by Educa=on Level 2010?2020

Source: "Job Growth and EducaEon Requirements Through 2020", Georgetown Center on EducaEon and the Workforce

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Declines in Enrollment

220,000

Fall Undergraduate Enrollment: System Total

200,000

180,000 160,000

163,993

140,000

196,847

Peak Year

186,103

-10,744 Decline from

Peak

120,000

Fall-2006 Fall-2007 Fall-2008 Fall-2009 Fall-2010 Fall-2011 Fall-2012 Fall-2013 Fall-2014 Fall-2015

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Consensus Among MulEple ProjecEons

WICHE: High School Graduates

80000 75000 70000 65000 60000 55000 50000 45000 40000

2000 2005 2010 2015 2020 2025

NCES: 2010-2023 Change in Public High School Graduates

Decline 5% or more Decline up to 5% Grow up to 5% Grow 5% or more

Donahue: Public Higher Ed Enrollments

220,000 200,000 180,000 160,000 140,000 120,000 100,000

2000 2005 2010 2015 2020 2025

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Number High School Graduates Fall Headcount

60,000 50,000 40,000 30,000 20,000 10,000

0

LaEnos are the

Only HS

Graduates

Expected

Significantly to

Asian/PacAfrican American La=no White

Increase

2027 2024 2021 2018 2015 2012 2009 2006 2003 2000

Source: Western Interstate Commission for Higher Education, 2012.

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