Are Colleges Inflating Their Job Placement Stats? (New School MBA)


Are colleges inflating their job placement stats? Of course they are. As I’m sure many student services professionals would attest, the stats they keep and/or report don’t tell the whole story.

What kind of a job counts? If 100% of MBA graduates are employed at fast food eateries, is that 100% placement?

How long are they at the job? Do they have to be employed for 1 week, 1 month, or 1 year for it to count?

Successfully staying on welfare and unemployment takes fulltime hours. Does that count as a job for the placement stats? After all, wouldn’t ‘gaming the system’ be a suitable life lesson to learn in college?

Case in point, as Corinthian Colleges folds and thousands of students ask for Federal relief of their student loans, they claim that they should not be held accountable for their poor choice of schools and the fact that they applied for a loan in the first place. Since the government was involved in the loans for a for-profit school, the freelance students claim the government owes them.

I like that term ‘freelance student’. I may use that again. It could be a new term for a lifelong student without a home school, a student who keeps going back for that next degree so they can postpone student loan payments, or perhaps even a student between schools.

Meanwhile the Feds are trying to crack down on for-profit schools and their job placement stats for misleading students who aren’t smart enough to read between the lines. I guess state sponsored schools are somehow exempt from this crackdown. It would almost appear as if the Feds are simply going after the schools that they can’t keep under their thumb with tax funding.

I have a solution for the whole mess. I propose new mandatory job placement verbiage for all schools, from high school on up to grad schools…

Your chances of job placement are up to you. Despite your degree and the thousands of dollars you’ve given to us, you may not get a job when you graduate. If you do, it might be at McDonald’s or it could be at a fancy law firm or doctor’s office. Really, it’s up to you. We have students working at each of those. Another thing to note is that no matter what your degree is in, unless you’re a doctor or lawyer, it doesn’t really matter what your major is. Our official job placement percentage varies from year to year and the best we can sum it up is by admitting that we do our best but really don’t have a clue.

At this point in the school catalog, they should publish profiles of successful graduates who have done well, a few profiles of graduates who are homeless or unemployed or in jail, and a few former students who dropped out and became billionaire entrepreneurs.

Now that would be truth in advertising.

This message was written by a team of geeks, nerds, gamers, and Dr. David Powers. You can always find us at www.drdavidpowers.com. Thanks for reading!

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