41% of Recent College Graduates Overqualified for Current Job
A new survey has found that 41 percent of recent college graduates find themselves in work that does not require a college degree.
Accenture, one of the world’s largest consulting firms, surveyed 1,005 new workers who graduated in 2011 and 2012 (without going to graduate school) to compare job realities with the expectations of the class of 2013.
Of the recent graduates, 63 percent said they’ll need more training to get the job they desire, with 42 percent of those believing a graduate degree will help. Upcoming graduates don’t seem to agree, as only 18 percent say they’ll need graduate school.
“A solution is sorely needed to bridge the disconnect between employers that are concerned about college graduates being unprepared for available jobs and the graduates who feel overqualified for them,” said David Smith, senior managing director of Talent & Organization at Accenture.
Future graduates also seem to be very expectant of employers to provide training as they enter their post-college career. Seventy-seven percent believe they’ll receive on-the-job training, but only 48 percent of recent grads reported receiving training.
Only 16 percent of the class of 2013 have post-graduation employment, as of late March.
The survey echoes other findings of recent college graduates’ career troubles. A report published in January by the Center for College Affordability and Productivity found 48 percent of recent grads were working jobs that did not require a college degree, with 38 percent of those jobs not even requiring a high school diploma. A recent Wall Street Journal report said 284,000 college graduates were working for minimum wage in 2012.