Underemployment Package Methodology


Overview

  • We provide the 10 most underemployed majors for graduates with a bachelor's degree and no higher.
  • We also provide the most common associate's level or lower jobs for those majors.
  • We provide the 10 most underemployed metropolitan statistical areas (out of the 100 largest MSAs) and their typical starting and national median pay.
  • Finally, we provide the typical starting and national median pay across seven different school categories.
Definitions:

Total Cash Compensation (TCC): TCC combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, and other forms of cash earnings as applicable.  It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Median Starting Salary: The median starting TCC for bachelor graduates with no higher degree who have five or fewer years of career experience.

Overall National Pay for Bachelor's and No Higher : The median TCC for all workers with a bachelor's degree and no higher.

Years of Experience: These are the number of years the respondent has spent in his or her field/career.  The years of experience will incorporate all applicable jobs in the field, not just the current job.

Major: Major or degree program title.  Included are the majors with the highest propensity of underemployed (as well as the jobs that are popular in each major).

Underemployment: Workers with a bachelor's degree and no higher working in jobs that typically require an associate's degree or less are considered underemployed.

Relative Ratio of Underemployment: The ratio of underemployment relative to underemployment overall, i.e. Theatre Arts has 6.9x more underemployed people than what is typical nationally.

Metropolitan Statistical Area (MSA): Geographic entities as determined by the Census Bureau: http://www.census.gov/population/metro/

School Category : School categories as determined by the Integrated Post-Secondary Education Data System (IPEDS): http://nces.ed.gov/ipeds/glossary/index.asp?id=101
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