College ROI Takeaway Tweets & #CampusChat Transcript

Takeaway Tweets and Campuschat TranscriptPayscale’s Lydia Frank rocked the College ROI discussion on #Campuschat last night!

Following are Lydia’s (@Lydia_West) direct responses along with a  link to the transcript via Storify.

Q1: How does @Payscale calculate the ROI of a college degree? #campuschat

A1: Well, first, here’s a link to the @PayScale College ROI Report: http://pysc.al/vCFEl #campuschat
A1: We look at ROI for attending college vs. starting a career after high school. Earnings minus costs minus foregone wages #campuschat
A1: A very detailed methodology on the @PayScale College ROI Report is available here: http://pysc.al/vCFzg #campuschat

Q2:Is evaluating schools on return on investment fair? #campuschat

A2: It shouldn’t be the only consideration, but earning potential needs to be part of anyone’s school and major research. #campuschat
A2: If you take on substantial student loan debt not knowing what your earning potential is, you may be unhappy after graduation #campuschat

 

Q3: What are companies looking for among college grads today? #campuschat

A3: Skilled workers. The debate is whether it falls to schools or employers to provide training on specific job skills. #campuschat
A3: Employers say there’s a skills gap while colleges say specific marketable job skills change too rapidly to keep up. #campuschat
A3: Colleges often say that their focus is (and should be) on a broad liberal arts education that teaches critical thinking #campuschat

Q4: What makes a college grad a good job prospect? #campuschat

A4: A degree won’t set you apart. Actual work experience will. Internships get a bad rap sometimes, but I think they’re key. #campuschat

Q5: Where are the best job opportunities for college grads? #campuschat
A5: Go where economies are growing. Even if you’re not in the “hot” industry, it cycles through the local economy. #campuschat
A5: Examples where wages are up significantly year over year are Minneapolis, Seattle, San Francisco http://pysc.al/vCEur
A5: In terms of fields – biotech, healthcare, IT http://www.payscale.com/payscale-index/job-categories … #campuschat
A5: I do agree that you should pursue a field that interests you though. STEM was not my personal choice.

Q6: What questions should a high schooler ask about careers when visiting campus? #campuschat
A6: Ask about the school’s career planning services and take full advantage of them. #campuschat
A6: Schools don’t always have a ton of data about actual careers and earnings of grads. Some do, some don’t. Worth asking. #campuschat

More takeaway tweets from Lydia:

With college costs on the rise, you can’t afford not to think about the financial outcomes as well. #campuschat

ROI stands for return on investment. We’re applying a financial concept like you’d use for your 401k to look at college. #campuschat

In addition to @PayScale earnings data, we also look at the costs reported to IPEDS by schools. #campuschat

Click here for the full transcript of the College ROI #CampusChat 04/09/14

SCV Plane with trail

#CampusChat was created by Smart College Visit’s @collegevisit and first launched on May 5, 2010. It is one of the longest-running higher education chats on Twitter.

Author: Z. Kelly Queijo

Kelly is founder of Smart College Visit and Smart College Consulting. When she's not creating content for the blog or clients, tweeting, or hosting #CampusChat, she's planning her next mobile move.

Share This Post On
SCV NEWS

Subscribe To Our Newsletter

Sign up for SCV News to stay informed news, tips, and resources for parents, students, educators and counselors alike. Your contact info will not be shared without your permission. We don't like spam and assume you don't either.

You have Successfully Subscribed!