2016 ANNUAL REPORT ON WAGES EARNED BY ARIZONA UNIVERSITY SYSTEM GRADUATES (REVISED 5/30/2017)

Transcription

1 2016 ANNUAL REPORT ON WAGES EARNED BY ARIZONA UNIVERSITY SYSTEM GRADUATES (REVISED 5/30/2017)

2 EXECUTIVE SUMMARY Page 1 of 29 Item Name: 2016 Annual Report on Wages Earned by System Graduates (Revised for of ) Action Item Committee Recommendation to Full Board First Read of Proposed Policy Change Information or Discussion Item Issue: The Committee is asked to review the 2016 Annual Report on Wages Earned by System Graduates. In, individuals who were awarded an undergraduate or graduate degree between 1990 and earned nearly $16.2 billion in wages and paid approximately $1.2 billion in state and local taxes Enterprise Strategic Plan Empower Student Success and Learning Advance Educational Attainment within Create New Knowledge Impact Compliance Real property purchase/sale/lease Other: Statutory/Policy Requirements None. Background/History of Previous Board Action Measuring the value of a college degree, both to student and the state, has been difficult to quantify without detailed data on the earnings of individual students. Data are now available that match individual students to their earnings in. This report is intended to document the economic contribution of s universities to improving the skills of the local workforce and to generating higher incomes for graduates. Discussion According to the US Census Bureau, American Community Survey, the median earnings in of an individual with a graduate degree were $60,884 and for someone with a bachelor s degree their median earnings were $49,801. By contrast, an Contact Information: Dan Anderson, ABOR (602) Dan.Anderson@azregents.edu

3 EXECUTIVE SUMMARY Page 2 of 29 individual in with some college, but no degree, had median earnings of $33,632 and a high school graduate had median earnings of $27,947. So among other benefits, an undergraduate student working in has median earnings that are $21,854 (78 percent) higher than a high school graduate. The median earnings of a graduate student were $11,083 (22 percent) above those of a bachelor s degree recipient. And the gap is widening. In 2007, the median earnings of someone with a Bachelor s degree were 70 percent higher than someone with a high school diploma and someone with a graduate degree earned 23 percent more than someone with a Bachelor s degree. In, 271,389 students who graduated from s public universities between and earned nearly $16.2 billion in wages in and paid an estimated $1.2 billion in state and local taxes. Their annual average wage was $59,606, as compared to $47,937 for all similar workers in. This is a difference of $11,669 per graduate or 24 percent. Requested Action The 2016 report on Wages Earned by System Graduates in is presented for the Committee s information and review. Key Findings

4 EXECUTIVE SUMMARY Page 3 of 29 Wages Earned In, 271,389 students who graduated from s public universities between and earned nearly $16.2 billion in wages in and paid an estimated $1.2 billion in state and local taxes. Their annual average wage was $59,606, as compared to $47,937 for all similar workers in. This is a difference of $11,669 per graduate or 24 percent. Undergraduate and Graduate Earnings Individual students with graduate degrees earn varying amounts more than those with bachelor degrees. The median wage for recent State graduate students who graduated from through was $15,871 or 40 percent greater than the median wage for undergraduate students. At Northern, the median wage difference was $13,132 or 34 percent. At the of, undergraduate and graduate median wages differed by $20,519 or 57 percent. Table I Median Wages for Undergraduate & Graduate Students in Undergraduate Students Graduate Students Difference State Northern of $39,635 $55,506 $15,871 $38,158 $51,290 $13,132 $36,052 $56,571 $20,519

5 EXECUTIVE SUMMARY Page 4 of 29 Earnings rise over time as well, with some variation by institution. As individuals gain more tenure and experience in their jobs, their wages rise. Impacting wages include the labor market in which the individual is employed, the occupation in which they work and the mix of degrees awarded by the institution. Wages tend to be higher in urban labor markets as compared to rural areas. Some fields such as education pay less than areas such as engineering or business. Yet clearly with all the differences, median wages rise over time. The comparison below excludes the most recent graduating class of Many students who graduated in that year were students for much of the year and not in the labor market. Table II Median Wages in for Bachelor Degree Recipients 2014 Graduates Compared to 1990 Graduates State Northern of Median Wages of a Resident 2014 Bachelor s Graduate Median Wages of a Resident 1990 Bachelor s Graduate Difference $37,459 $75,612 $38,153 (102%) $36,587 $62,375 $25,788 (70%) $33,289 $68,679 $35,390 (106%) Over time, employment of university graduates declines in. For resident undergraduates, nearly 80 percent are employed following graduation. This falls to below 40 percent for 1990 graduates. For resident graduate students, over 70 percent are employed following graduation, falling to less than 35 percent for 1990 graduates. The next page contains a graph of wages earned in by undergraduate students from the class of through the class of by major as compared to the earnings of those in with a high school diploma. Earnings range from $87,124 for those with an engineering major to $40,349 for those with a major in Area, Ethnic, Cultural and Gender Studies. By comparison the average earnings of someone with a high school diploma were $27,947 in. A more in-depth analysis is provided on the following pages which includes a summary for each institution.

6 EXECUTIVE SUMMARY Page 5 of 29

7 EXECUTIVE SUMMARY Page 6 of 29 $87,124 $100,000 Median Wages of Undergraduates in $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $83,683 $77,460 $59,594 $57,933 $66,845 $55,089 $55,058 $57,946 $57,700 $55,077 $52,025 $50,573 $48,289 $52,624 $50,863 $49,060 $46,863 $46,298 $44,768 $43,876 $47,894 $46,844 $45,141 $44,323 $27,947 - High School $43,401 $41,730 $40,723 $43,442 $43,090 $41,321 $40,349 $30,000 $20,000 $10,000 $0

8 EXECUTIVE SUMMARY Page 7 of 30 Population Wages Earned by Graduates in Overview This report provides an analysis of System graduates working in in who graduated between and In this report, wages earned come from employer records maintained by the unemployment insurance program of the Department of Economic Security. The data are only for those individuals working in who receive a wage from an employer. This excludes those who are self-employed or work outside the state. The report is also limited to those graduates who received their degree between and and for whom the universities had a social security number for matching purposes. Some students are excluded because there were no social security numbers available for matching purposes. Records for graduates before were excluded because of questionable data quality and quantity. The median wages for graduates under-report as an equivalent annual wage as the wages reported for some students will include wages only for a partial year and/or for wages earned while a students. An important responsibility of the universities is to prepare students for employment in the local workforce. Two aspects of that preparation are the areas where degrees are awarded and the wages earned by those individuals. Undergraduate Employment and Median Wages In, 196,086 undergraduate students who received their degree between and had employment in, earning a total of $10.7 billion in wages for an average wage of $54,798. The largest instructional areas where those students are employed and their median wages are contained in tables 1 and 2 below. The eight largest instructional areas accounted for 45,068 (63 percent) of those locally employed undergraduates. In these eight largest instructional areas, the highest median wage was recorded for engineering followed generally by health and related occupations followed by business, management and marketing at all three universities. Education was the next highest paying at State, Northern and the of.

9 EXECUTIVE SUMMARY Page 8 of 29 Table 1 Largest Instructional Areas with Recent Undergraduate Students Earning Wages in ( ) System State Northern of Business/Management/Marketing 11,025 6,695 2,236 2,094 Education 6,969 3,471 2,428 1,070 Social Sciences 5,336 3, ,210 Biological/Biomedical Sciences 4,758 2, ,370 Health Professions and Related 4,703 2,138 1,551 1,014 Psychology 4,700 2, ,332 Communication & Journalism 3,982 2, Engineering 3,595 2, Table 2 Median Wages for Largest Instructional Areas with Recent Undergraduate Students Earning Wages in ( ) State Northern of Business/Management/Marketing $45,984 $42,272 $46,918 Education $38,846 $38,585 $36,355 Social Sciences $35,834 $32,412 $33,575 Biological/Biomedical Sciences $29,101 $26,543 $27,296 Health Professions and Related $50,121 $53,953 $35,028 Psychology $32,444 $29,664 $31,725 Communication & Journalism $37,261 $31,957 $35,019 Engineering $60,909 $56,217 $62,227 Graduate Employment and Median Wages In, 75,303 graduate students who received a degree between 1990 and had employment in, earning a total of $5.4 billion in wages for an average wage of $72,124. The largest instructional areas where those students are employed and their median wages are contained in tables 3 and 4 below. Education has significantly more graduate students employed in than any other area. Engineering had the highest median wage for these large graduate instructional areas at Northern. At State, the highest median wage was for engineering, with business/management/marketing graduate students close behind. At the of, the same was true with the highest median wage for engineering followed by business/management/marketing.

10 EXECUTIVE SUMMARY Page 9 of 29 Table 3 Largest Instructional Areas with Recent Graduate Students Earning Wages in ( ) System System State Northern of Education 7,478 3,191 3, Business/Management/Marketing 3,787 2, Health Professions & Related 2, ,343 Public Admin. & Social Service 1,645 1, Engineering 1,607 1, Legal Professions 1, Table 4 Median Wages for Largest Instructional Areas with Recent Graduate Students Earning Wages in ( ) System State Northern of Education $46,466 $49,213 $42,850 Business/Management/Marketing $80,148 $65,852 $78,697 Health Professions & Related $71,043 $66,446 $62,680 Public Admin. & Social Service $46,755 $54,320 $48,051 Engineering $81,527 $79,571 $84,025 Legal Professions $66,601 $61,530 Tables 5 through 10 provide information on the number of recent undergraduate and graduate students who are working in and their median wages. For each university, separate tables are provided for undergraduate students and graduate students in the top ten instructional areas.

11 EXECUTIVE SUMMARY Page 10 of 29 Table 5 Largest Instructional Areas with Recent Undergraduate Students ( ) Earning Wages in in State Wage Earners Median Wage Business/Management/Marketing 6,695 $46,932 Education 3,471 $39,797 Social Sciences 3,186 $37,701 Communication/Journalism 2,882 $37,300 Psychology 2,746 $33,423 Biological/Biomedical Sciences 2,643 $30,758 Multi/Interdisciplinary Studies 2,402 $39,503 Engineering 2,365 $61,220 Visual & Performing Arts 2,170 $31,962 Health Professions & Related 2,138 $54,500 Table 6 Largest Instructional Areas with Recent Graduate Students ( ) Earning Wages in in State Wage Earners Median Wage Education 3,191 $46,466 Business/Management/Marketing 2,506 $80,148 Public Admin. & Social Service 1,517 $46,755 Engineering 1,285 $81,527 Legal Professions 807 $66,601 Health Professions and Related 570 $71,043 Visual & Performing Arts 333 $35,164 Architecture and Related 316 $51,278 Computer & Information Sciences 269 $87,914 Engineering Technologies 249 $74,809

12 EXECUTIVE SUMMARY Page 11 of 29 Table 7 Largest Instructional Areas with Recent Undergraduate Students ( ) Earning Wages in in Northern Wage Earners Median Wage Education 2,428 $38,585 Business/Management/Marketing 2,236 $42,272 Liberal Arts and Sciences 1,727 $40,452 Health Professions & Related 1,551 $53,953 Social Sciences 940 $32,412 Biological/Biomedical Sciences 745 $26,543 Psychology 622 $29,664 Communication/Journalism 540 $31,957 Visual & Performing Arts 524 $30,013 Science Technologies & Technicians 454 $39,904 Table 8 Largest Instructional Areas with Recent Graduate Students ( ) Earning Wages in in Northern Wage Earners Median Wage Education 3,460 $49,213 Business/Management/Marketing 578 $65,852 Health Professions & Related 490 $66,446 English Language & Literature 228 $45,731 Social Sciences 106 $38,327 Psychology 79 $55,899 Biological/Biomedical Sciences 56 $42,442 Communication/Journalism 37 $49,410 Natural Resources & Conservation 36 $35,624 Engineering 26 $79,571

13 EXECUTIVE SUMMARY Page 12 of 29 Table 9 Largest Instructional Areas with Recent Undergraduate Students ( ) Earning Wages in in of Wage Earners Median Wage Business/Management/Marketing 2,094 $46,918 Biological & Biomedical Sciences 1,370 $27,296 Psychology 1,332 $31,725 Social Sciences 1,210 $33,575 Education 1,070 $36,355 Health Professions & Related 1,014 $35,028 Engineering 838 $62,227 Multi/Interdisciplinary Studies 783 $30,833 Visual & Performing Arts 647 $26,045 Communication/Journalism 560 $35,019 Table 10 Largest Instructional Areas with Recent Graduate Students ( ) Earning Wages in in of Wage Earners Median Wage Health Professions & Related 1,343 $62,680 Business/Management/Marketing 703 $78,697 Education 827 $42,850 Legal Professions 426 $61,530 Engineering 296 $84,025 Library Science 258 $38,780 Social Sciences 188 $49,583 Physical Sciences 171 $76,700 Biological/Biomedical Sciences 136 $57,624 Computer & Information Sciences 118 $70,961

14 EXECUTIVE SUMMARY Page 13 of 29 Appendix State

15 EXECUTIVE SUMMARY Page 14 of 30 $100,000 $80,000 $60,000 $40,000 $20,000 $0 State - Resident Student Wages in by Year of Graduation Resident Undergrad Resident Graduate

16 Item # 7e EXECUTIVE SUMMARY Page 15 of 30 State Bachelors Degrees Awarded Working in Notes: Degree recipients may exist in more than one CIP group and career grouping if they earned degrees in multiple areas. All income is from calendar year. Cells blackened indicate an N of less than 6. Median Wages in CIP Code Description Agriculture, and Related Sciences $35,990 Natural Resources and Conservation $37,910 Architecture and Related Services $39,333 Area, Ethnic, Cultural, and Gender Studies $32,881 Communication, Journalism, and Related Programs 4,891 2,882 $37,300 Communications Technologies/Technicians & Support $37,261 Computer and Information Sciences & Support Services 1,476 1,052 $59,991 Personal and Culinary Services Education 4,189 3,471 $39,797 Engineering 3,894 2,365 $61,220 Engineering Technologies/Technicians $56,588 Foreign Languages, Literatures, and Linguistics $34,209 Family and Consumer Sciences/Human Sciences 2,471 1,611 $32,798 Legal Professions and Studies $36,562 English Language and Literatures/Letters 1,722 1,076 $34,380 Liberal Arts and Sciences, General Studies & Humanities $46,938 Library Science Biological and Biomedical Sciences 4,305 2,643 $30,758 Mathematics and Statistics $44,114 ROTC Military Technologies Multi/Interdisciplinary Studies 4,021 2,402 $39,503 Parks, Recreation, Leisure and Fitness Studies 2,171 1,430 $30,389 Philosophy and Religious Studies $34,897 Theology and Religious Vocations Physical Sciences $39,725 Science Technologies and Technicians $58,427 Psychology 4,214 2,746 $33,423 Security and Protective Services 2,234 1,521 $36,029 Public Administration and Social Service Professions 1, $34,655 Social Sciences 5,769 3,186 $37,701 Construction Trades Mechanic and Repair Technologies/Technicians Precision Production Transportation and Materials Moving $32,243 Visual and Performing Arts 3,747 2,170 $31,962 Health Professions and Related Clinical Sciences 3,055 2,138 $54,500 Business, Management, Marketing, and Related Support 10,965 6,695 $46,932 History 1, $36,622 Total 68,455 43,024 $39,635

17 Item # 7e EXECUTIVE SUMMARY Page 16 of 30 State Graduate Degrees Awarded Working in Median Wages in CIP Code Description Agriculture, and Related Sciences $63,239 Natural Resources and Conservation $58,732 Architecture and Related Services $51,278 Area, Ethnic, Cultural, and Gender Studies $40,000 Communication, Journalism, and Related Programs $43,097 Communications Technologies/Technicians & Support Computer and Information Sciences & Support Services $87,914 Personal and Culinary Services Education 5,243 3,191 $46,466 Engineering 3,684 1,285 $81,527 Engineering Technologies/Technicians $74,809 Foreign Languages, Literatures, and Linguistics $39,979 Family and Consumer Sciences/Human Sciences $41,177 Legal Professions and Studies 1, $66,601 English Language and Literatures/Letters $39,356 Liberal Arts and Sciences, General Studies & Humanities $42,017 Library Science Biological and Biomedical Sciences $46,539 Mathematics and Statistics $67,995 ROTC Military Technologies Multi/Interdisciplinary Studies $46,487 Parks, Recreation, Leisure and Fitness Studies $41,967 Philosophy and Religious Studies $45,348 Theology and Religious Vocations Physical Sciences $56,429 Science Technologies and Technicians Psychology $56,350 Security and Protective Services $44,940 Public Administration and Social Service Professions 2,044 1,517 $46,755 Social Sciences $50,391 Construction Trades Mechanic and Repair Technologies/Technicians Precision Production Transportation and Materials Moving Visual and Performing Arts $35,164 Health Professions and Related Clinical Sciences $71,043 Business, Management, Marketing, and Related Support 5,554 2,506 $80,148 History $46,852 Total 26,182 13,077 $55,506 Notes: Degree recipients may exist in more than one CIP group and career grouping if they earned degrees in multiple areas. All income is from calendar year. Cells blackened indicate an N of less than 6.

18 Item # 7e EXECUTIVE SUMMARY Page 17 of 30 State Resident Undergraduates Non-Resident Undergraduates Year Graduated Resident Bachelor Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of Non- Resident Bachelor Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of ,118 1, % $135,104,620 $9,492,505 1,312 $75, % $8,824,976 $626, $71, ,282 1, % $162,568,814 $11,454,330 1,557 $74, % $9,603,369 $681, $84, ,349 1, % $156,838,687 $11,046,830 1,608 $72,544 1, % $12,507,357 $880, $81, ,505 1, % $159,885,516 $11,249,839 1,671 $71,520 1, % $13,652,930 $956, $77, ,542 2, % $176,312,154 $12,424,455 1,816 $73,176 1, % $16,751,267 $1,171, $85, ,743 2, % $188,729,624 $13,287,226 1,959 $69,771 1, % $13,915,908 $974, $72, ,863 2, % $187,092,605 $13,169,720 2,059 $69, % $10,698,872 $750, $69, ,980 2, % $203,874,862 $14,338,160 2,179 $69,102 1, % $15,464,124 $1,085, $78, ,151 2, % $207,308,100 $14,603,398 2,335 $65,571 1, % $17,256,405 $1,219, $73, ,126 2, % $198,225,755 $13,969,570 2,280 $65,691 1, % $20,398,237 $1,429, $70, ,421 2, % $220,191,213 $15,507,525 2,560 $68,295 1, % $24,758,543 $1,745, $78, ,303 2, % $203,534,013 $14,335,819 2,491 $63,161 1, % $20,590,834 $1,440, $71, ,698 3, % $220,166,063 $15,543,116 2,733 $62,625 1, % $20,581,918 $1,448, $71, ,029 3, % $225,673,766 $15,936,484 2,875 $60,299 1, % $22,572,374 $1,588, $71, ,421 3, % $236,745,030 $16,750,303 3,169 $58,460 1, % $22,134,172 $1,558, $70, ,806 4, % $246,858,528 $17,514,836 3,423 $57,396 1, % $21,538,026 $1,524, $60, ,056 4, % $255,352,977 $18,095,694 3,614 $55,996 1, % $20,297,341 $1,433, $63, ,179 4, % $247,031,955 $17,571,850 3,640 $54,638 1, % $23,034,312 $1,627, $61, ,457 4, % $243,505,275 $17,355,638 3,713 $52,875 1, % $20,139,498 $1,446, $56, ,698 4, % $233,241,274 $16,678,258 3,831 $49,999 2, % $19,867,022 $1,410, $57, ,303 5, % $253,723,955 $18,226,133 4,403 $48,037 2, % $19,288,759 $1,382, $49, ,606 5, % $252,499,178 $18,285,103 4,622 $45,246 2, % $19,671,184 $1,422, $47, ,255 6, % $253,823,671 $18,624,015 5,038 $42,780 2, % $22,056,269 $1,616, $46, ,813 7, % $261,419,626 $19,469,852 5,508 $40,370 2, % $22,935,467 $1,709, $42, ,958 7, % $253,271,946 $19,372,990 5,753 $37,459 3, % $25,986,606 $2,002, $37,734 * 10,309 8, % $206,593,673 $17,622,969 5,242 $28,767 3,574 1, % $23,604,600 $2,135, $26,497 TOTAL 167,971 99, % 5,589,572, ,926,618 81,391 43,664 8, % 488,130,371 35,266,858 6,444 Notes: Degree recipients are included in only one student grouping and one graduation year based upon their highest degree awarded. All income is from calendar year. Estimated state tax revenue assumes the following rates and income levels: <= $25k = 12.6%; >$25k and <=$75k = 6.8%; >$75k and <=$100k = 7.2%; >$100k = 6.9%. * Many of these students were working before graduating and/or worked for less than a year.

19 EXECUTIVE SUMMARY Page 18 of 30 State Resident Graduates Non-Resident Graduates Year Graduated Resident Graduate Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of Non- Resident Graduate Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of , % $38,534,726 $2,711, $80, % $8,541,105 $598, $87, , % $47,740,174 $3,359, $89, % $4,624,961 $327, $65, , % $51,677,249 $3,632, $78, % $3,945,807 $278, $72, , % $55,617,207 $3,898, $80, % $4,753,161 $332, $75, , % $61,705,538 $4,333, $84, % $3,811,497 $265, $97, , % $77,692,727 $5,440, $87, % $6,023,496 $423, $108, , % $77,748,393 $5,427, $86, % $6,590,372 $458, $80, , % $76,968,431 $5,387, $81, % $10,310,751 $720, $90, , % $78,882,570 $5,534, $83, % $11,862,180 $826, $98, , % $89,620,708 $6,274, $85, % $10,199,636 $714, $106, , % $91,057,114 $6,363, $91, % $13,214,626 $922, $96, , % $87,219,937 $6,097, $88, % $11,361,782 $788, $107, ,975 1, % $98,627,084 $6,891, $78, % $11,024,951 $776, $88, ,049 1, % $103,970,402 $7,271, $77, % $14,058,199 $985, $96, ,013 1, % $101,631,863 $7,107, $78,550 1, % $18,848,771 $1,324, $88, ,987 1, % $99,874,203 $7,004, $77, % $13,920,657 $978, $96, ,893 1, % $99,026,225 $6,920, $79,556 1, % $15,622,126 $1,094, $89, ,063 1, % $101,791,712 $7,111,159 1,061 $71,292 1, % $18,556,756 $1,300, $97, ,337 1, % $117,307,680 $8,225,680 1,250 $69,472 1, % $16,035,303 $1,126, $90, ,472 1, % $120,529,619 $8,459,880 1,336 $69,815 1, % $24,209,722 $1,698, $85, ,717 1, % $122,221,491 $8,573,012 1,539 $62,206 1, % $25,412,196 $1,791, $75, ,794 1, % $121,844,544 $8,598,826 1,591 $59,543 1, % $26,735,513 $1,884, $69, ,670 1, % $111,943,626 $7,904,436 1,529 $58,661 1, % $29,569,311 $2,093, $66, ,756 2, % $121,262,621 $8,580,377 1,698 $57,792 2, % $31,775,334 $2,254, $62, ,712 2, % $119,792,255 $8,475,745 1,732 $53,260 2, % $34,238,041 $2,465, $54,622 * 2,774 2, % $94,549,472 $7,091,642 1,454 $46,893 3, % $35,209,054 $2,677, $47,055 TOTAL 52,021 29, % 2,368,837, ,677,606 24,890 30,430 5, % 410,455,307 29,108,619 4,063 Notes: Degree recipients are included in only one student grouping and one graduation year based upon their highest degree awarded. All income is from calendar year. Estimated state tax revenue assumes the following rates and income levels: <= $25k = 12.6%; >$25k and <=$75k = 6.8%; >$75k and <=$100k = 7.2%; >$100k = 6.9%. * Many of these students were working before graduating and/or worked for less than a year.

20 EXECUTIVE SUMMARY Page 19 of 30 Appendix Northern

21 EXECUTIVE SUMMARY Page 20 of 30

22 EXECUTIVE SUMMARY Page 21 of 30 Northern Bachelors Degrees Awarded Working in Notes: Degree recipients may exist in more than one CIP group and career grouping if they earned degrees in multiple areas. All income is from calendar year. Cells blackened indicate an N of less than 6. Median Wages in CIP Code Description Agriculture, and Related Sciences Natural Resources and Conservation $26,666 Architecture and Related Services Area, Ethnic, Cultural, and Gender Studies $28,836 Communication, Journalism, and Related Programs $31,957 Communications Technologies/Technicians & Support Computer and Information Sciences & Support Servic $59,576 Personal and Culinary Services Education 3,088 2,428 $38,585 Engineering $56,217 Engineering Technologies/Technicians Foreign Languages, Literatures, and Linguistics $29,118 Family and Consumer Sciences/Human Sciences Legal Professions and Studies 15 8 $27,226 English Language and Literatures/Letters $34,171 Liberal Arts and Sciences, General Studies & Human 2,471 1,727 $40,452 Library Science Biological and Biomedical Sciences 1, $26,543 Mathematics and Statistics $33,806 ROTC Military Technologies Multi/Interdisciplinary Studies $22,430 Parks, Recreation, Leisure and Fitness Studies $25,438 Philosophy and Religious Studies $24,897 Theology and Religious Vocations Physical Sciences $33,439 Science Technologies and Technicians $39,904 Psychology 1, $29,664 Security and Protective Services Public Administration and Social Service Professio $34,662 Social Sciences 1, $32,412 Construction Trades Mechanic and Repair Technologies/Technicians Precision Production Transportation and Materials Moving Visual and Performing Arts $30,013 Health Professions and Related Clinical Sciences 2,167 1,551 $53,953 Business, Management, Marketing, and Related Suppo 3,760 2,236 $42,272 History $26,951 Total 21,999 13,841 $38,158

23 EXECUTIVE SUMMARY Page 22 of 30 Northern Graduate Degrees Awarded Working in Notes: Degree recipients may exist in more than one CIP group and career grouping if they earned degrees in multiple areas. All income is from calendar year. Cells blackened indicate an N of less than 6. Median Wages in CIP Code Description Agriculture, and Related Sciences Natural Resources and Conservation $35,624 Architecture and Related Services Area, Ethnic, Cultural, and Gender Studies Communication, Journalism, and Related Programs $49,410 Communications Technologies/Technicians & Support Computer and Information Sciences & Support Servic 1 1 $105,650 Personal and Culinary Services Education 4,583 3,460 $49,213 Engineering $79,571 Engineering Technologies/Technicians Foreign Languages, Literatures, and Linguistics 23 3 Family and Consumer Sciences/Human Sciences Legal Professions and Studies English Language and Literatures/Letters $45,731 Liberal Arts and Sciences, General Studies & Human $44,406 Library Science Biological and Biomedical Sciences $42,442 Mathematics and Statistics $53,591 ROTC Military Technologies Multi/Interdisciplinary Studies $29,755 Parks, Recreation, Leisure and Fitness Studies Philosophy and Religious Studies Theology and Religious Vocations Physical Sciences $50,765 Science Technologies and Technicians Psychology $55,899 Security and Protective Services Public Administration and Social Service Professio $54,320 Social Sciences $38,327 Construction Trades Mechanic and Repair Technologies/Technicians Precision Production Transportation and Materials Moving Visual and Performing Arts $40,395 Health Professions and Related Clinical Sciences $66,446 Business, Management, Marketing, and Related Suppo $65,852 History $37,895 Total 7,762 5,245 $51,290

24 EXECUTIVE SUMMARY Page 23 of 29 Northern Resident Undergraduates Non-Resident Undergraduates Year Graduated Resident Bachelor Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of Non- Resident Bachelor Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of , % $44,209,290 $3,118, $62, % $2,088,707 $148, $56, , % $55,905,555 $3,932, $65, % $2,434,929 $174, $83, , % $61,722,571 $4,361, $62, % $2,204,220 $154, $62, ,249 1, % $68,295,491 $4,810, $59, % $2,798,456 $198, $63, ,384 1, % $71,490,298 $5,059, $61, % $2,395,838 $170, $69, ,255 1, % $75,044,391 $5,282, $58, % $2,132,335 $151, $83, ,552 1, % $79,834,012 $5,648,596 1,055 $58, % $3,098,992 $218, $62, ,385 1, % $72,019,674 $5,093, $57, % $3,382,546 $242, $71, ,280 1, % $72,904,160 $5,148, $57, % $3,121,205 $219, $60, ,463 1, % $70,195,257 $4,966, $55, % $4,226,306 $297, $64, ,494 1, % $75,584,749 $5,347,717 1,065 $54, % $3,164,670 $226, $62, ,418 1, % $68,778,915 $4,892,326 1,041 $54, % $4,339,552 $306, $67, ,439 1, % $72,822,872 $5,169,911 1,109 $53, % $3,377,195 $241, $65, ,560 1, % $79,501,680 $5,623,351 1,191 $52, % $3,363,550 $235, $52, ,439 1, % $69,252,440 $4,943,127 1,107 $51, % $3,891,737 $281, $58, ,446 1, % $69,039,947 $4,913,661 1,101 $50, % $2,969,580 $209, $54, ,426 1, % $68,209,347 $4,884,471 1,176 $48, % $2,840,290 $205, $51, ,427 1, % $64,250,828 $4,606,965 1,140 $47, % $3,580,451 $260, $52, ,392 1, % $63,650,687 $4,580,491 1,163 $45, % $3,132,780 $222, $46, ,497 1, % $67,584,288 $4,876,361 1,259 $44, % $3,666,332 $269, $48, ,746 1, % $74,158,805 $5,387,675 1,405 $43, % $3,808,748 $278, $44, ,024 1, % $77,625,155 $5,689,053 1,597 $41, % $4,368,249 $324, $42, ,320 2, % $86,903,914 $6,405,667 1,792 $41, % $5,087,236 $384, $38, ,341 2, % $89,065,202 $6,649,495 1,892 $39, % $6,984,666 $529, $39, ,693 2, % $91,238,613 $7,012,521 2,134 $36,587 1, % $7,473,752 $622, $34,178 * 3,751 3, % $72,872,821 $6,289,371 1,724 $28,630 1, % $5,001,307 $515, $20,103 TOTAL 66,292 37, % 1,862,160, ,694,099 30,589 $47,965 12,884 2, % 94,933,631 7,090,847 1,543 $45,976 Notes: Degree recipients are included in only one student grouping and one graduation year based upon their highest degree awarded. All income is from calendar year. Estimated state tax revenue assumes the following rates and income levels: <= $25k = 12.6%; >$25k and <=$75k = 6.8%; >$75k and <=$100k = 7.2%; >$100k = 6.9%. * Many of these students were working before graduating and/or worked for less than a year.

25 EXECUTIVE SUMMARY Page 24 of 30 Northern Resident Graduates Non-Resident Graduates Year Graduated Resident Graduate Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of Non- Resident Graduate Degrees Awarded in in Percent in in Total Wages Earned Estimated AZ Total State Tax Revenue in During All 4 Quarters of Median Wage in of Those All 4 Quarters of % $11,106,694 $793, $60, % $1,098,251 $79, $55, % $11,674,960 $849, $61, % $731,331 $52,376 9 $80, % $18,699,516 $1,338, $62, % $1,316,408 $92, $60, % $19,464,930 $1,386, $59, % $599,093 $42,994 7 $57, , % $27,326,300 $1,944, $63, % $555,660 $38,974 9 $63, , % $34,056,042 $2,434, $60, % $718,653 $50,037 8 $82, , % $36,770,531 $2,607, $59, % $703,401 $49,671 8 $83, , % $45,861,492 $3,249, $61, % $1,074,884 $75, $60, , % $45,033,178 $3,191, $60, % $1,408,795 $98, $93, ,835 1, % $62,116,686 $4,395, $61, % $1,069,528 $76, $68, , % $59,423,943 $4,200, $61, % $1,156,190 $82, $65, ,776 1, % $68,051,314 $4,799, $60, % $1,053,948 $73, $79, ,818 1, % $66,909,372 $4,724, $59, % $1,083,159 $75, $79, ,852 1, % $68,566,324 $4,813,269 1,019 $59, % $1,007,352 $71, $64, ,921 1, % $69,525,083 $4,884,345 1,047 $56, % $1,802,777 $124, $69, ,816 1, % $64,905,911 $4,568, $56, % $1,173,637 $85, $56, ,842 1, % $68,375,396 $4,796,796 1,075 $55, % $1,322,251 $92, $50, ,661 1, % $61,298,824 $4,308, $54, % $742,245 $54, $48, ,660 1, % $60,129,520 $4,230, $53, % $1,214,260 $89, $46, ,638 1, % $60,310,702 $4,242, $53, % $999,998 $72, $52, ,601 1, % $59,711,910 $4,200, $51, % $1,111,178 $77, $43, ,580 1, % $60,299,001 $4,227, $51, % $1,416,872 $100, $47, ,455 1, % $57,113,796 $4,015, $53, % $1,066,500 $79, $40, , % $51,010,509 $3,583, $51, % $1,065,770 $83, $35, , % $50,157,957 $3,548, $52, % $1,851,657 $135, $46,538 * 1, % $39,023,698 $2,863, $47, % $1,761,619 $164, $40,413 TOTAL 37,704 23, % $1,276,923,588 $90,200,103 19,521 $56,212 4, % $29,105,414 $2,119, $52,942 Notes: Degree recipients are included in only one student grouping and one graduation year based upon their highest degree awarded. All income is from calendar year. Estimated state tax revenue assumes the following rates and income levels: <= $25k = 12.6%; >$25k and <=$75k = 6.8%; >$75k and <=$100k = 7.2%; >$100k = 6.9%. * Many of these students were working before graduating and/or worked for less than a year.

26 EXECUTIVE SUMMARY Page 25 of 29 Appendix of

27 EXECUTIVE SUMMARY Page 26 of 30 $100,000 $80,000 $60,000 $40,000 $20,000 $0 of - Resident Student Wages in by Year of Graduation Resident Undergrad Resident Graduate

28 EXECUTIVE SUMMARY Page 27 of 30 of Bachelors Degrees Awarded Working in Notes: Degree recipients may exist in more than one CIP group and career grouping if they earned degrees in multiple areas. All income is from calendar year. Cells blackened indicate an N of less than 6. Median Wages in CIP Code Description Agriculture, and Related Sciences $39,745 Natural Resources and Conservation $33,949 Architecture and Related Services $41,012 Area, Ethnic, Cultural, and Gender Studies $26,602 Communication, Journalism, and Related Programs 1, $35,019 Communications Technologies/Technicians & Support Computer and Information Sciences & Support Services $58,917 Personal and Culinary Services Education 1,485 1,070 $36,355 Engineering 1, $62,227 Engineering Technologies/Technicians $67,537 Foreign Languages, Literatures, and Linguistics $29,225 Family and Consumer Sciences/Human Sciences $31,087 Legal Professions and Studies 1 1 English Language and Literatures/Letters $28,071 Liberal Arts and Sciences, General Studies & Humanities 2 Library Science Biological and Biomedical Sciences 2,631 1,370 $27,296 Mathematics and Statistics $44,505 ROTC Military Technologies Multi/Interdisciplinary Studies 1, $30,833 Parks, Recreation, Leisure and Fitness Studies Philosophy and Religious Studies $31,623 Theology and Religious Vocations Physical Sciences $45,882 Science Technologies and Technicians $38,914 Psychology 2,328 1,332 $31,725 Security and Protective Services $25,539 Public Administration and Social Service Professions $36,117 Social Sciences 2,665 1,210 $33,575 Construction Trades Mechanic and Repair Technologies/Technicians Precision Production Transportation and Materials Moving Visual and Performing Arts 1, $26,045 Health Professions and Related Clinical Sciences 1,715 1,014 $35,028 Business, Management, Marketing, and Related Support 4,435 2,094 $46,918 History $32,637 Total 28,701 14,703 $36,052

29 EXECUTIVE SUMMARY Page 28 of 30 of Graduate Degrees Awarded Working in Notes: Degree recipients may exist in more than one CIP group and career grouping if they earned degrees in multiple areas. All income is from calendar year. Cells blackened indicate an N of less than 6. Median Wages in CIP Code Description Agriculture, and Related Sciences $57,864 Natural Resources and Conservation $38,711 Architecture and Related Services $42,890 Area, Ethnic, Cultural, and Gender Studies $42,497 Communication, Journalism, and Related Programs $56,211 Communications Technologies/Technicians & Support Computer and Information Sciences & Support Services $70,961 Personal and Culinary Services Education 1, $42,850 Engineering $84,025 Engineering Technologies/Technicians $58,715 Foreign Languages, Literatures, and Linguistics $40,105 Family and Consumer Sciences/Human Sciences $40,440 Legal Professions and Studies $61,530 English Language and Literatures/Letters $40,006 Liberal Arts and Sciences, General Studies & Humanities Library Science $38,780 Biological and Biomedical Sciences $57,624 Mathematics and Statistics $41,001 ROTC Military Technologies Multi/Interdisciplinary Studies 23 8 $70,337 Parks, Recreation, Leisure and Fitness Studies Philosophy and Religious Studies $41,586 Theology and Religious Vocations Physical Sciences $76,700 Science Technologies and Technicians Psychology $50,626 Security and Protective Services Public Administration and Social Service Professions $48,051 Social Sciences $49,583 Construction Trades Mechanic and Repair Technologies/Technicians Precision Production Transportation and Materials Moving Visual and Performing Arts $30,995 Health Professions and Related Clinical Sciences 2,420 1,343 $62,680 Business, Management, Marketing, and Related Support 1, $78,697 History $28,206 Total 11,601 5,320 $56,571

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