TORONTO, Nov. 9, 2011 /CNW/ - Students who complete undergraduate
programs at Ontario universities continue to experience high employment
and earnings rates, even during uncertain economic times, according to
the latest employment survey commissioned by the Ministry of Training,
Colleges and Universities and carried out by an independent firm, CCI
Over 91 per cent of the 2008 graduates surveyed said they were employed
within six months of graduation, and almost 94 per cent reported they
had a job two years after graduation. These high rates, only two
percent lower than the previous year's employment rates, are
encouraging given the fact that 2008 was the depth of the recession.
The survey also finds that graduates get jobs in their field of study.
Over 77 per cent of those graduates reported that their jobs were
related to their education. Two years after graduation, over 83 per
cent were in positions related to their degree.
"These high employment rates show that Ontario university students have
the knowledge and skills that employers are looking for," says Alastair
Summerlee, Chair of the Council of Ontario Universities (COU) and
President and Vice-Chancellor of the University of Guelph. "As the
workplace adapts to a changing economy, Ontario university students
graduate with the flexibility and critical thinking skills necessary
for adapting along with it."
From 2004 to 2010, employment growth for university graduates outpaced
all other levels of education: jobs grew by 28 per cent for those with
a university degree, 17 per cent for those with a college diploma, and
only 4 per cent for those with a high school education.
Ontario university graduates also earn more. Six months after
graduation, the average annual salary for graduates of undergraduate
degree programs was $42,904, rising to $49,469 just two years after
graduation. Ontario university graduates earn approximately 32 per cent
more annually than those with a college certificate or diploma, and 53
per cent more than those with no postsecondary education.
"Ontario universities continue to meet the needs of the workplace, and
this most recent survey demonstrates the value of our graduates to
employers in many different sectors," says Bonnie M. Patterson, COU
President and CEO.
Read the Highlights of the survey of 2008 Graduates of Ontario
University Undergraduate Programs
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SOURCE Council of Ontario Universities
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