IMPACT Awards Celebrate Internship Success

Internship excellence, and the interns, employers and career development professionals that make it possible, were honored today by Indiana INTERNnet during the 12th annual IMPACT Awards Luncheon. Indiana INTERNnet is the statewide resource for internship opportunities managed by the Indiana Chamber of Commerce, and has helped connect students and employers across the state since 2001.

Appropriately supporting the luncheon’s theme of “Wild about Workforce Development,” Chris Heeter, founder of The Wild Institute, delivered the keynote address, “Guiding the Team to Success.” She combines business expertise with stories from her sled dog team and experience as a whitewater trip guide.

“Experiential learning is a key piece of Indiana’s workforce development plans, and the nominees we celebrated this year are a promising indication of Indiana’s future,” offers Indiana INTERNnet Executive Director Janet Boston. “Internships are making a difference in our young professionals’ skill levels, and often, these opportunities are leading to full-time jobs either with the intern’s employer or another Hoosier company. Everyone benefits from meaningful internships.”

Winners:

  • College Intern of the Year: Jerica Mitchell (Indiana Minority Health Coalition, Inc.; Indiana State University)
  • High School Intern of the Year: Camisa Vines (South Bend Code School; John Adams High School)
  • Non-Traditional Intern of the Year: Miranda Goodwin (Wabash Valley Community Foundation)
  • Career Development Professional of the Year: Nathan Milner (Indiana Wesleyan University)
  • Employer of the Year (For-profit): Indiana Farm Bureau Insurance (Indianapolis)
  • Employer of the Year (Non-profit): Bowman Creek Educational Ecosystem (South Bend)

IMPACT Awards

The full press release, with a list of all nominees and additional information about the winners can be found here.

In addition, the second annual School Counseling-Business Partnership of the Year award was presented to Perry Central Jr./Sr. High School and Jasper Engines and Transmissions. The recognition, developed by the Indiana Chamber Foundation to highlight innovative approaches to college and career readiness, comes during National School Counseling Week. The Indiana Chamber Foundation and the Department of Workforce Development jointly presented the award.

The luncheon was sponsored by Ivy Tech Community College and held at the Ivy Tech Community College Culinary and Conference Center in Indianapolis. Gerry Dick of Inside INdiana Business was the event emcee.

For more information about the Indiana INTERNnet program, visit www.IndianaINTERN.net or call the hotline at 317-264-6852.

Indiana INTERNnet: My Experience With A Virtual Internship

Breaking Down the College Completion Numbers

The National Student Clearinghouse Research Center has the numbers and Inside Higher Ed provides the analysis.

Almost 38 percent of students who began at a public two-year institution completed a degree in six years, according to a new study by the National Student Clearinghouse Research Center that tracked a cohort of students at public and private two- and four-year colleges and universities from 2011 to 2017.

Students who started at private four-year nonprofit institutions had the highest completion rates (76 percent), followed by students at public four-years (64.7 percent), public two-years (37.5 percent) and private four-year for-profits (35.3 percent).

Of public two-year college students who completed, about 70 percent did so at their starting institution, while approximately 30 percent completed at a different institution, according to the study.

Almost half of the students who began at a public two-year institution were no longer enrolled after six years, according to the study. About 15 percent were still enrolled. Rates of “stop out” –  students who had earned no degree or certificate, and had no enrollment activity during the final year of the study period –  were the highest (54.1 percent) at private four-year for-profit institutions, followed by public two-year institutions (47.3 percent).

Exclusively full-time public two-year students had the highest proportion of completions and lowest proportion of stop-outs, according to the study. The rate at which students were still enrolled after six years was higher among those with mixed enrollments than their full-time or part-time counterparts.

Of all students who started at public two-year institutions, about 15 percent completed at a four-year institution, including those who did so with and without receiving a two-year credential first.

Drop in College Students Continues

The bad news is that college enrollments for 2017-2018 declined for the sixth consecutive year. The good news is that the decrease came at its slowest pace in that time period.

Inside Higher Ed offered this upon reviewing the National Student Clearinghouse Research Center data.

The 1 percent decline (in fall 2017) was due to undergraduate enrollments, which fell by nearly 224,000 students, or 1.4 percent. Graduate and professional programs were up by 24,000 students, according to the center, which tracks 97 percent of students who attend degree-granting institutions that are eligible to receive federal financial aid.

And despite the recent focus by policy makers on associate degrees and certificates, four-year degree programs were the only ones up in the new enrollment data.

Among undergraduates, the center found an enrollment decrease of 2.3 percent for associate-degree seekers, and a 10.7 percent drop for students pursuing certificates or other nondegree credentials. But enrollments were up 1.5 percent among four-year-degree seekers.

Part-time-student enrollments fell by 3.3 percent, according to the report, while the number of full-time students increased by 0.3 percent.

The center also found that enrollments were down for first-time college students. This group saw a 2.3 percent decline, of 63,000 students, compared to the previous fall. Most of the decrease was due to adult students, with the number of first-time students over the age of 24 dropping by more than 13 percent. But 23,000 fewer traditional-age students enrolled in college this fall, a drop of 1 percent. (Adult student enrollments overall have declined by 1.5 million since 2010, the center found.)

“This suggests further declines to come overall in the years ahead, which will continue to present planning challenges for institutions and policy makers seeking to adapt to new economic and demographic realities,” said Doug Shapiro, the center’s executive research director.

For-profit colleges continue to be battered by sliding enrollments and revenue. The center found that 69,000 fewer students enrolled in four-year for-profit institutions this fall. That drop of 7.1 percent follows several years of even larger declines.

Community colleges have been the second-hardest-hit sector in recent years. But the enrollment decline of 1.7 percent this fall (97,000 students) was less than that of previous years, including the 4.4 percent drop in enrollment at community colleges three years ago.

Bachelors (Degrees) Dominate In This State

In the Indiana Vision 2025 Report Card released earlier this summer, Massachusetts led the way in percentage of the population with at least a bachelor’s degree. That’s not too surprising considering the prevalence of higher education institutions in the Boston area and the state’s entrepreneurial, tech-based economy.

(Indiana, by the way, was 39th in the 2015 statistics with 26.7% of resident possessing at least a four-year degree).

The update, according to a report from the independent Massachusetts Budget and Policy Center:

Half of all workers in Massachusetts held a bachelor’s degree or higher in 2016, marking the first time any U.S. state has reached that educational threshold.

The same analysis points to a growing wage chasm in the state, with the college-educated earning on average 99% – or nearly double – the wages of those in the labor force with only a high school education. That difference, often referred to as the “college wage premium,” was 56.6% across the entire nation in 2016.

In Massachusetts, 50.2% of individuals participating in the state’s labor force had attained at minimum a four-year degree from a college or university in 2016. The next highest states were New Jersey (45.2%), New York (43.7%), Maryland (43%) and Connecticut (42.7%), according to the Current Population Survey data. The U.S. average was 35.5% in 2016.

The numbers point to a dramatic shift in recent decades. In 1979, only about 20% of the Massachusetts labor force had bachelor’s degrees, and the college wage premium was 50%.

College Pays Off Despite Recession

Those who graduated from college in 2008 often say it wasn’t the best time to be entering the working world. As graduates were searching for those first jobs, the economy was shedding them and the world was plunging into recession. If those prospects weren’t dire enough, many of those graduates were also carrying debt from student loans.

Those millennials, however unlucky, fared better than their non-college-educated counterparts, though.

A new longitudinal study from the National Center for Education Statistics – the primary collector of student data on the federal level – found these results by taking a sample of students who were high school sophomores in the 2001-02 academic year and tracking them through 2012. The nationally representative sample was measured for a variety of factors – co-habiting, marriage, unemployment, underemployment, student debt carried – but the economic breakdown in those categories between those who attained a postsecondary degree and those who didn’t is especially telling.

Even though the timing of graduating might not have been ideal, attaining a four-year degree was still a good economic move for these millennials, on average, according to the report, which attempted to control for outside factors in its economic modeling. Put simply, even in the face of a recession, going to college still paid off.

“Individuals with less education had higher unemployment rates, while those with more education had higher employment rates and were more likely to be working full-time,” the report stated.

By 2012, 78% of those who had earned a bachelor’s degree were working more than 35 hours a week. Eleven percent were working fewer than 35 hours, 5% were unemployed and 6% were out of the labor force.

Of the members of the cohort who only had high school degrees, 64% were employed 35 hours or more a week, with 12% working fewer than 35 hours – similar to the number of those with a bachelor’s degree – and 14% and 10% were unemployed and out of the labor force, respectively.

In addition to employment, earning power was also differentiated along educational lines. Those surveyed who had a bachelor’s degree earned, on average, $17 an hour. Those surveyed with a high school diploma earned, on average, $13.

The study notes that it’s still early to be drawing overly expansive conclusions from its data.

“It is important to note that this section only addresses cohort members’ early career and labor market outcomes,” it reads. “At age 25-26, many individuals are just starting their careers; some are still enrolled in undergraduate or graduate studies; and others will return to school for additional training later in their careers.”

Still, as the study notes, early labor data is often correlated with later outcomes.

Job Losses Have Lasting Impact

The ripple effects of large-scale job losses linger for years and can keep adolescents from attending college later in life, according to new research carrying significant ramifications for policy makers, college recruiters and counselors.

Poor middle school and high school students who live through major job losses in their region attend college at significantly lower rates when they are 19 years old, according to new research published in the journal Science. A 7% state job loss when a student is an adolescent is tied to a 20% decline in likelihood that the poorest young people will attend college.

Local job losses hurt adolescent mental health, researchers found. Job losses also cut academic performance. The negative impacts are not limited to children from families where parents lost jobs – they extend to those who witness their friends, neighbors and others in the community being affected by layoffs.

Researchers argue that large-scale job losses are not simply economic events touching directly affected families. They are community-level traumas, said Elizabeth O. Ananat, an associate professor of public policy studies and economics at Duke University who is one of the lead authors of the paper appearing in Science.

“Worse mental health and worse test scores, they are all going to be blows to you that knock you off the path,” Ananat said. “That was a difficult path to begin with.”

In the economic theory, a student may have watched their father lose his job when a mine closed. Or they watched a friend’s mother be laid off when the local factory downsized. Those students should then be drawn to a college education because of the promise of larger financial returns and more stable employment in the newly developing knowledge economy.

In other words, economic theory has tended to focus on the idea that a shrinking pool of blue-collar jobs increases the relative return on investment of a college education. But it’s not working that way in the real world.

“Economists tend to think about it as a change in relative prices – the return changes,” Ananat said. “They miss the fact that it’s an emotional blow, like another kind of community trauma would be.”

Mitch Daniels on the Future of Undergrad Education

Purdue University President Mitch Daniels doesn’t shy away from the challenges facing higher education. He embraces the opportunities and shares his insights in this one-on-one interview. Read our full interview in the latest edition of BizVoice (and the story includes a QR code link to more video of the Daniels interview). 

Students: Some Tips for Saving Money While You’re Still in School

87649503College is expensive. There is just no way to sugarcoat that. It’s not just tuition, room and board and textbooks. There are parking fees and printing fees. There’s pizza to buy, events to attend and t-shirts to order. Even with significant help from scholarships, grants and loans, my school bill is still nearly $10,000 a semester. This semester I was told I needed to buy an economics text book that would cost me almost $400! What could possibly make one textbook be worth $400?

In many ways, there is no avoiding the financial blows that college life will inflict, but I have compiled a list of eight really easy ways to save that might help ease the pain:

  1. Cool it on the Chipotle. I love the deliciousness of a burrito bowl as much as the next girl, but all of those fast food runs start to add up. Set a limit on the number of times you will eat fast food each week and then stick to it. Keep a few simple groceries in your room so that you will have the ability to avoid temptation when it strikes.
  2. Don’t buy your books from the bookstore. I totally get the convenience of it. I mean it’s right there within walking distance. But like I said, my bookstore tried to get me to buy an econ book for $400. Not cool. With just a little time management and advance preparation you can save HUGE amounts by buying your textbooks online. And that brings me to number three …
  3. It may not have to be the exact edition your professor is using. I am taking a constitutional law class this semester. The required text was the most current edition and it was over $200. I got on Amazon and bought the same book just a few editions removed for only $5. I mean, let’s be real, when was the last time the constitution changed? For the most part, “new” editions of text books are the same material just moved around a little.
  4. No more Starbucks. I love Starbucks. I mean, I love it a lot. The frothy goodness of a latte is good for the soul, but it’s also $5. Just like with the fast food runs, those pumpkin spice lattes will sneak up on you and before you know it you’ve spent $250 in one semester. (True story from my life – and no I am not proud of that.) During this season of your life, you may need to forget you ever heard of Starbucks. The lattes will still be there later when you can actually afford them.
  5. Find out where you can get a student discount. Local businesses love college students. Many places will give discounts or even free things if you just flash your student ID. Ask around your school and keep your eyes open in the local shopping venues. In addition, many national brands offer discounts to students — especially in the areas of electronics and software. And don’t forget to check into good student discounts for your automobile insurance!
  6. Don’t fall into the trap of online shopping. I know, it is so easy. You don’t even have to get out of bed. They’ll deliver it right to your door. Essentially online shopping is the greatest invention since, well, Starbucks lattes. Because it is so easy, online shopping has cost me big bucks in the past. Set a budget, tell your roommates, have someone tackle you when you pull up the Macy’s web site. Whatever you need to do, do it. Shopping therapy is not the way to get through the stress of college.
  7. Take advantage of the campus facilities. My school just built a big, beautiful recreational center and it is totally free to students. I mean kind of free… we do pay for it in our tuition. That’s the point, though; part of what we pay for in our school tuition are the great facilities and activities that our school offers. Take advantage of those rather than going out and spending more.
  8. Go to class. Okay, technically this doesn’t save you money. But it keeps you from wasting the money you are already spending. And mentally, going to class helps you learn to assign value to the investment you are making. You are paying for this class. Skipping it is like setting fire to money.

Most importantly, enjoy your time in school. Life is expensive, and college is kind of like a trial run on life. Learn how to budget now and “real life” will be much easier when the days of ramen noodles and wearing leggings as pants are gone.

Paige Ferise, a sophomore at Butler University, is interning in the Indiana Chamber communications department this fall.

Timeless Tips: I’ll Never Outgrow This Advice for College Grads

It was May 2000, I was graduating from college and I was scared to death about the future.

That period in my life was the best of times and the worst of times, as they say.

While an exciting new chapter was ahead, a painful one was underway. My dad recently had been diagnosed with cancer. There was a chance he wouldn’t be able to attend my graduation ceremony – the person who, along with my mom, had encouraged and supported me every step of the way. They cultivated from childhood a passion for learning.

Just when I thought there would be an empty chair in the crowd when I accepted my diploma, things started to look up.

My dad, weak from chemotherapy and radiation but beaming with pride, watched me graduate after all. And the following month, a phone call I made to the Indiana Chamber would change my life forever.

I inquired if there were open positions. There was one. And on June 26, I began my 14-year journey.

What a ride! I’ve honed my craft. I’ve learned from peers about the business world and – equally as important – about friendship. Beyond these doors, I’ve relished my role as a mentor to my nephews and niece as they’ve grown and now to my children.

So when I read an article today titled Five Mistakes College Grads Make When Starting Careers, it inspired me. I didn’t expect it to. After all, it was written to guide workforce rookies. But this veteran gleaned wisdom from each tip.

Do you tend to stay in your comfort zone? Do you always follow the rules? Are you intimidated by senior management? Don’t be, says the author. His anecdotes add a personal touch.

I for one will try to stop worrying so much about failing (mistake No. 5) whether it’s at work or at home (you never know, I could be the next Master Chef). It’s never too late to put fear in its place.