There’s no tougher choice for those fresh out of high school than deciding where to go to college. Is looking at colleges with best job placement rates the best way to pick one?
As we all know, attending an out-of-state college can be extremely costly, so this should probably be one of the first things to consider, right after becoming familiar with the majors available, housing options, etc. The job placement rate should come into play only after all other basics are covered.
With that in mind, here’s the list of 30 vital statistics on this topic:
Key Statistics on Colleges with Best Job Placement Rates
- Quinnipiac University has a job placement rate of 96.1%.
- Pennsylvania State University has a job placement rate of 94%.
- Harvard University has a job placement rate of 89%.
- Princeton University has a job placement rate of 87%.
- The unemployment rate for Theology and Religion majors is 1.5%.
- The unemployment rate for Medical Technicians is 1.1%.
- 86.5% of those earning an undergraduate degree from Michigan Ross find work right after graduation.
- 90% of those earning an MBA from Harvard Business School find work.
General College Graduate Employment Statistics
1. Bachelor’s degree holders earn about $32,000 more than those with a high school diploma.
(Pew Research Center, DegreeQuery)
The class that graduated in 2019 with a bachelor’s degree is expected to earn a median salary of up to $84,580, significantly higher than the average starting salary. On the other hand, millennials with a high school diploma can expect to earn 62% of what the average college graduate makes in a year.
2. 72% of millennials aged 25-32 say their degree has already paid off.
(Pew Research Center)
Most millennials who have earned a college degree report that their degree has already paid off, and another 17% believe it will pay off soon. Based on the data from the largest colleges in the US, 58% of recent graduates could find a job quickly, while 42% were still searching three months after graduation.
3. Between 1989 and 2019, the average wage for young college grads grew by just 13.9%.
(Economic Policy Institute, Fox Business)
The average pay for recent grads is practically where it was in 2000. However, the average salary for those fresh out of college is $51,347, just 2% higher than last year. Job placement in college is not the only thing to worry about.
4. Recent male graduates earn more than their female peers.
(Economic Policy Institute)
The wage disparity in the US remains a significant issue. Even though the average salary for men and women alike inched upwards from 2000, men’s wages rose faster, resulting in the gender wage difference for young college graduates growing from 10.7% to 12.9%. Moreover, college job placement statistics related to wage disparity also show that young black college graduates earn, on average, 12.2% less than white college graduates.
5. Only 35% of jobs in the US economy require at least a college degree.
(Georgetown, The Bureau of Labor Statistics)
This stat can be slightly discouraging for those trying to decide whether going to college is worth it. In 2022, 50.6 million job opportunities are expected to be available, while only 27.1% will need college degrees. That’s an estimated increase of only 2.1 % points since 1996. For the period between 2019 and 2022, 3,898,000 new college graduates will enter the workforce in the United States, many of whom will, sadly, be underemployed.
Colleges With Best Job Placement Rates
6. Quinnipiac University has a job placement rate of 96.1%.
(Zippia, Quinnipiac University)
Quinnipiac University, located in Connecticut, is a private university that offers students various degrees in business, engineering, communications, liberal arts, sciences, health sciences, nursing, education, social work, law, and medicine. About 97.5% of Quinnipiac graduates were either employed or in advanced education programs six months after graduation, making it the first on the list of colleges with best job placement rates in the US.
7. Augustana University has a job placement rate of 96.05%.
(Zippia, Augustana University)
Up to 96% of graduates from Augustana University in South Dakota who are looking for work are managing to find employment in a position related to their major or preferred field. Additionally, 22% of those graduating with a bachelor’s from this university are pursuing grad school or continuing education.
The most prominent majors at Augustana College are Biology–Biological Sciences, Business Administration and Management, Psychology, Communication Sciences and Disorders, and Accounting.
8. Ohio Northern University has a job placement rate of 95.86%.
(Zippia, National Jurist)
Third on the list of the best colleges to get a job after graduation is Ohio Northern University. This university runs various programs to support students in finding employment and internships, pursuing professional employment opportunities, or enrolling in graduate programs. These programs have placed 90.3% of graduates in jobs within ten months of graduation.
9. Lebanon Valley College has a job placement rate of 95.63%.
Lebanon Valley College in Pennsylvania also helps students decide on their career path via its various programs. As a result, 88% of its graduates are either presently employed or enrolled in graduate school.
Regarding the infamous “What percent of college graduates get jobs in their field” question, Lebanon Valley College proudly announced that 91% of the employed graduates from this school reported that their work is related to the degree they’ve obtained.
10. Western New England University has a job placement rate of 95.56%.
90% of Western New England University graduates are either employed or offered employment within six months of graduation, while the rest move on to the college’s graduate school. What makes this institution one of the colleges with best career placement services is the fact that it provides various learning opportunities, including field experiences, student teaching, engineering design projects, and traditional internships.
11. Marquette University has a job placement rate of 95.55%.
(Zippia, Marquette University)
78.5% of the employed graduates from Marquette University succeed in finding work in the university’s home state – Wisconsin. The percentage rises to 86% if we include all states that border Wisconsin. One year after graduation, 91% of Marquette students are employed or in graduate school, and 2% are doing post-graduate work aided by a stipend, college job placement statistics show.
12. Providence College has a job placement rate of 95.28%.
(Zippia, Poets & Quants)
The number of individuals with internships before senior year is as high as 88% for Providence College, Rhode Island. However, only 64% of these students got jobs within 90 days of graduation when it comes to employment.
13. Penn State University has a job placement rate of 94%.
(Niche, Penn State School of International Affairs)
When it comes to Ivy League schools, job placement numbers are somewhat surprising to say the least. Penn State job placement statistics tell us that 94% of those who graduate from this college find full-time employment within two years. The number of employed Penn State graduates drops four years later, as 92% of them have full-time jobs six years after earning their degree.
14. Harvard University has a job placement rate of 89%.
(Niche, Harvard University)
79% of Harvard students have at least one internship during their studies. This university can boast itself with some of the best college graduation rates. The fact that this is one of the top placement universities in the USA for MS are upstaged by the fact that 11% of Harvard graduates are not employed two years after graduation.
15. Princeton University has a job placement rate of 87%.
(Niche, Princeton University)
Princeton accepts just 6% of all applicants. 97% of those accepted are expected to graduate. However, Princeton job placement rate data is working against the school. While 94% of students are certain they’ll find work in their field after earning a degree, just 87% of graduates are employed two years after graduation.
Job Placement Rate by Major
16. Theology and Religion majors face an unemployment placement rate of 1.5%.
Some sacrifices come with a high job placement rate for Theology and Religion majors; the median starting pay is just $34,000, while the median mid-career wage sits at $50,000. While the unemployment rate is almost at the point of statistical error, underemployment for those in this field is a different story: 47% of Theology and Religion majors work in positions that don’t require a degree.
17. Medical Technician majors face an unemployment rate of 1.1%.
Fortunately, Medical Technician employment rates are growing. The median career income is $68,000, with a starting median of $45,000. Statistics on college graduates vs non-graduates show that 52.0% of those with a degree in this field are underemployed.
18. Early Childhood Education majors face an unemployment rate of 1.4%.
Early childhood education, which includes work in early childcare, kindergarten, or elementary school teaching, as well as pre-school and daycare education, has a fairly low starting median annual pay, at $34,000. The median career wage sits at $40,200. On the other hand, underemployment is not as big of an issue as with the other majors listed, with a relatively low rate of 19.6%.
19. General Education majors face an unemployment rate of 1.7%.
With one of the more admirable job placement rates, an unemployment rate of 1.7% and an underemployment rate of 22.6%, General Education is considered a safe choice for career and job stability. The starting median for this profession is $36,000, while mid-career median pay reaches $47,000.
20. Civil Engineering majors face an unemployment rate of 1.5%.
When it comes to college job placement rankings, engineering is one of the fields to be in. That also applies to civil engineering. Those graduating with this degree can expect to find work with ease, and they are unlikely to face underemployment (rate of 19.2%). Working in this field pays well; the starting median pay is at $60,000, while the mid-career median sits at $90,000.
Best Undergraduate Business Schools Job Placement Numbers
21. 86.5% of the students of The University of Michigan Ross received a job offer right after graduation.
(Poets and Quants)
Almost 87% of those who’ve earned a BBA from Michigan Ross were able to secure full-time employment last year. Also, 93.1% of them got hired three months after graduation, as the same job placement after college statistics show.
22. 97% of 2020 Clarkson University graduates got hired, joined the military, or entered graduate school in six months.
This New York-based private school can be proud of the fact that 97% of its graduates secured full-time employment or joined the military, or entered graduate school after obtaining a degree. Their average starting salary is $64,384; the real money comes in after grad school, as you’ll find out in the next section of this text.
23. The University of Pennsylvania-Wharton has a job placement rate of 93.5%.
Penn State Engineering job placement rate (and the average starting salary for Penn State engineers) is one of the things this university is famous for. However, its business department at Wharton shows even more impressive numbers; 93.5% of undergraduate degree holders find full-time employment, with a median annual base salary of $150,000.
24. The University of Illinois at Urbana Champaign has a job placement rate of 91%.
The University of Illinois is one of the colleges with the best career services. More than 90% of its undergraduates are either employed, volunteer, or continue their education after graduation. Those who find full-time work after getting a degree in business earn $65,000 in a year.
25. University of California Berkeley Haas has a job placement rate of 87,3%.
Almost 84% of those who earn an undergraduate degree from the prestigious Haas school are able to find full-time employment, earning an average of $140,000.
Best Graduate Business Schools Job Placement Numbers
26. Booth School of Business (University of Chicago) has a job placement of 95.1%.
According to the data on university’s what percent of college graduates get jobs in their field, 95.1% of graduates found a job three months after graduation. Furthermore, 483 different companies hired MBA students for full-time jobs.
27. The Wharton School of Business (University of Pennsylvania) has a job placement rate of 91.6%.
Three months after graduation, 91.6% of graduates from the famous Wharton School of Business are able to find jobs in their field of studies.In addition to being graduates of one of the best job placement schools in the US, Wharton alumni make an average of $150,000 after graduation.
28. Sloan School of Management (Massachusetts Institute of Technology) has a job placement rate of 95.5%.
With degrees in Management, Business Analytics, and Finance, 95.5% of the Sloan School of Management graduates find work in three months after graduation. As job placement rates by university point out, they have a median base salary of $150,000.
29. Harvard Business School has a job placement rate of 90%.
(CNBC, Harvard Business School)
Unlike the university’s undergrad programs that just don’t keep up with the competition, Harvard’s Business School manages to keep a high job placement rate. In fact, 90% of the Business School graduates who have sought employment received a job offer. College job placement rankings have a median base salary of $150,000.
30. Stanford Graduate School of Business has a job placement rate of 91%.
Finance was the most popular industry for MBA graduates, as 34% joined this sector. The school has a variety of business programs, including the full-time Stanford MSx program (one-year master’s) and one of the world’s best two-year MBAs, together with excellent graduate placement services.
We must take into consideration that the coronavirus pandemic has vastly influenced the job placement rates of student graduates. Still, it’s evident that young people don’t give up on education.
With thousands of options available, picking the right college to attend is more than a tricky ordeal. We hope that this list of colleges with the best job placement rates helps prospective students make the right call. Nevertheless, students should primarily choose their field of study based on their interests and budget, as colleges can be costly.
Frequently Asked Questions (FAQ)
What degree has the most job opportunities?
Having a degree in pharmacology is the most profitable, as the unemployment rate for this field is only 3%. Some other degrees that open many job opportunities are computer science, health science, information technology, engineering, business administration, finance, human resources, education, and psychology.
Which companies hire the most college graduates?
Here are the top 10 companies that are popular among recent college graduates and which are more than glad to hire them:
- Deloitte (Accounting and Professional Services).
- EY (Professional Services).
- PwC (Professional Services).
- Amazon (Technology and e-Commerce).
- Oracle (Computer Technology).
- Accenture (Professional Services).
- Target (Retail).
- JPMorgan Chase (Banking and Financial Services).
- Insight Global (Staffing and Managed Services).
- Lockheed Martin (Aerospace, Defence, Security, and Advanced Technologies).
What is a placement rate?
Some schools conduct regular surveys to find out what percentage of their graduates manage to find work. Especially with higher percentages or job placement rates, universities use the data for advertising their services.
The methodology varies from school to school: the data is most commonly taken for students that just graduated, those who graduated three months ago, then for those that have been out of school for two years, and finally for those that graduated four years ago.
How do you increase placement rate?
The job placement rate for any college in the world is directly affected by the institution’s market reputation. In general, Harvard graduates and Ivy League graduates will always be more in demand than those who hold a degree from less prestigious institutions. Here’s what universities can do to improve their placement rates and get on the list of colleges with best placement rates:
- Employ a Placement Officer who deals with organizations and campus placement.
- Modernize the university’s website, leaflets, and marketing.
- Work on spreading the network of contacts in all fields.
- Augustana University
- Chicago Booth
- Economic Policy Institute
- Fox Business
- Harvard University
- Harvard Business School
- Illini Success
- Marquette University
- MBA careers
- MIT Sloan
- National Jurist
- PennState School of International Affairs
- Pew Research Center
- Poets & Quants
- Poets & Quants
- Princeton University
- Quinnipiac University