Salaries of new tech college graduates climb
Published on Friday, June 29, 2007
Earnings for recent technical college graduates in Wisconsin have jumped six percent over the past year. That’s according to a survey of the technical colleges’ 2006 graduates, whose median salary is $29,991 approximately six months after graduation.
The data is from the annual Graduate Follow-up Report by Wisconsin’s Technical Colleges, which examines graduates’ progress in all types of degrees six months out of college. Associate degree earners showed the highest salaries with a median of $32,760, followed by two-year technical diploma graduates at $30,184. Graduates with one-year technical diplomas combined for a median salary of $27,662, followed by short-term technical diploma graduates at $23,508.
“We expect these salaries to continue rising,” said Dan Clancy, president of the Wisconsin Technical College System. “These respectable wages accompany strong job placement, as demand increases for Wisconsin’s technical college graduates, especially in areas such as health care and advanced manufacturing,” Clancy said.
According to the report, the number of occupations where new graduates’ median salaries are above the $30,000 threshold has risen 37 percent to 108. There are now 29 occupations where new graduates’ median salaries are above $40,000; a 164 percent increase from the previous year.
The study also found 92 percent of the graduates were employed within six months and 97 percent of respondents were satisfied or very satisfied with the education they received from their local technical college. The study showed that the state only loses seven percent of its technical college graduates to other states.
The Graduate Follow-up Report was sent to 22,819 graduates from 2006 and had a 74-percent response rate. It examines employment status, earnings, and other factors approximately six months after graduation.
The report is available at www.wtcsystem.edu/reports/fact/graduate/index.htm.
The Wisconsin Technical College System has 16 technical college districts throughout Wisconsin, which offer more than 300 programs awarding two-year associate degrees, one and two-year technical diplomas and short-term technical diplomas. In addition, the System is the major provider of customized training and technical assistance to Wisconsin’s business and industry community. More than half of all adults in Wisconsin have accessed the technical colleges for education and training. Find more about educational programs at www.witechcolleges.org.