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Workforce Readiness What Psychology Graduates Need to Know About

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					WORKFORCE READINESS: WHAT
PSYCHOLOGY GRADUATES NEED TO KNOW
ABOUT THE JOB MARKET

   R. Eric Landrum, PhD
   Department of Psychology
   Boise State University


   Psi Chi Symposium: Finding Employment with an Undergraduate Degree in Psychology
   Midwestern Psychological Association
   May 2, 2008
   Chicago, IL
PSYCHOLOGY DEGREES CONFERRED IN THE
UNITED STATES, 2005-2006
   Doctoral: 4,921       Bachelor’s: 88,134
     Men: 1,347             Men: 19,865
     Women: 3,574           Women: 68,269
      (72.6%)                  (77.5%)
   Master’s: 19,770      Associate’s: 1,944
     Men: 4,079             Men: 446
     Women: 15,691          Women: 1,498
      (79.4%)                  (77.1%)
PSYCHOLOGY DEGREES -- NATIONAL TRENDS
                                                                   In 2005-2008,
                                                                  88,134 graduates
                                                  100000
Number of Psychology Bachelor's Level Graduates




                                                   75000




                                                   50000




                                                   25000




                                                       0



                                                           Year
WHAT EMPLOYERS WANT: TOP 20 QUALITIES,
SKILLS, AND ABILITIES

   Listening skills                       Problem solving skills
   Ability to work with others as         Ethical decision making
    part of a work team                    Critical thinking
   Getting along with others              Ability to see the big picture
   Desire and ability to learn            Flexibility/shifting gears
   Willingness to learn new,              Being able to identify problems
    important skills                       Working smarter to improve
   Focus on customers/clients              productivity
   Interpersonal relationship skills      Timely decision making
   Adaptability to changing               Time management
    situations                             Problem-definition skills
   Ability to suggest solutions to        Personality
    problem
TOP WORKPLACE EXPECTATIONS ACCORDING
TO PSYCHOLOGY ALUMNI
1.    Possess self-discipline (including punctual attendance and
      dependability)
2.    Act responsibly and conscientiously
3.    Work well with others
4.    Meet the needs of others, such as clients or customers
5.    Set priorities and allocate time efficiently in order to meet
      deadlines
6.    Identify, prioritize, and solve problems
7.    Make defensible/appropriate decisions
8.    Possess the ability to work without supervision
9.    Work independently
10.   Manage several tasks at once
COMPARED TO WHEN THEY GRADUATED,
PSYCHOLOGY ALUMNI FEEL


   MORE                 LESS
       Confident            Shy
       Independent          Resentful
       Mature               Sad
       Assertive            Dissatisfied
       Valued               Defensive
WHAT CAN YOU GET PAID WITH YOUR
BACHELOR’S IN PSYCHOLOGY?


   There are a variety of estimates available.
    These are STARTING SALARIES:
     NACE Fall 2000: $28,811
     NACE Summer 2001: $30,388

     NACE Fall 2001: $29,952

     NACE Fall 2005: $30,073
ESTIMATES OF AVERAGE ANNUAL EARNINGS AND SYNTHETIC WORK-LIFE
EARNINGS FOR FULL-TIME, YEAR-ROUND WORKERS BY EDUCATIONAL
ATTAINMENT

 Educational Attainment       Average        Synthetic Work-Life
                           Annual Earnings         Earnings
    Doctoral degree           $ 89,400          $ 3.4 million
  Professional degree        $ 109,600          $ 4.4 million
    Master’s degree           $ 62,300          $ 2.5 million
   Bachelor’s degree          $ 52,200          $ 2.1 million
   Associate’s degree         $ 38,200          $ 1.6 million
     Some college             $ 36,800          $ 1.5 million
  High school graduate        $ 30,400          $ 1.2 million
Not high school graduate      $ 18,900          $ 1.0 million

				
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posted:8/9/2011
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