WG01: Wages of Graduates, Degree Levels by Institution

 

Limits on the Display of Data

The most important limit to understand is that these short-term measures of outcomes are not meaningful for evaluating the effectiveness of institutions or programs. These are not measures of employment rates, nor they comparable to the so-called Gainful Employment metrics produced by the US Department of Education. These measure are meant to inform readers of the outcomes of graduates in the near-term following degree completion and represent individual behavior and local economies more than any other factor.

In order to protect confidentiality and to accommodate both the many small programs in the Commonwealth and the limits of the available data, these reports will display program-level data only under the following conditions:

  1. Single-year data will not be reported, only rolling five-year aggregates. For example, graduates of 2005-06 will be reported with those of 2004-05, 2003-04, 2002-03, and 2001-02.
  2. The number of wage-reported graduates must be equal to or greater than 10 with full-time wage equivalent (FTWE) reported wages.
  3. At least 30% of the cohort of graduates must have been matched and reported with full-time wage equivalent (FTWE) reported wages, or 20% with a minimum of 200 graduates.
  4. The program must have produced a minimum of three graduates in each of the five successive years.
  5. The current definition of FTWE is $13,195/year which represents 52 weeks of employment at 35 hours per week at $7.25/hour.
  6. Wages and earnings were not adjusted for inflation.

The wage data included in these reports represent only the following individuals:

  1. Graduates successfully matched to the Unemployment Insurance Wage records collected by the Virginia Employment Commission (VEC).
  2. Graduates employed in Virginia by an entity that reports to the VEC. This excludes federal employees, including those within the Department of Defense.

What employers are subject to the Unemployment Tax and must be registered and file with the Virginia Employment Commission? They must have met one of the following criteria:

Source

These criteria mean that individuals working as consultants, independent contractors (including many psychologists, counselors, barbers, cosmetologists, IT workers, and P-14 wage employees of the Commonwealth) may be excluded, as are a list of others that may be found here.

"

 

Limits on the Display of Data

The most important limit to understand is that these short-term measures of outcomes are not meaningful for evaluating the effectiveness of institutions or programs. These are not measures of employment rates, nor they comparable to the so-called Gainful Employment metrics produced by the US Department of Education. These measure are meant to inform readers of the outcomes of graduates in the near-term following degree completion and represent individual behavior and local economies more than any other factor.

In order to protect confidentiality and to accommodate both the many small programs in the Commonwealth and the limits of the available data, these reports will display program-level data only under the following conditions:

  1. Single-year data will not be reported, only rolling five-year aggregates. For example, graduates of 2005-06 will be reported with those of 2004-05, 2003-04, 2002-03, and 2001-02.
  2. The number of wage-reported graduates must be equal to or greater than 10 with full-time wage equivalent (FTWE) reported wages.
  3. At least 30% of the cohort of graduates must have been matched and reported with full-time wage equivalent (FTWE) reported wages, or 20% with a minimum of 200 graduates.
  4. The program must have produced a minimum of three graduates in each of the five successive years.
  5. The current definition of FTWE is $13,195/year which represents 52 weeks of employment at 35 hours per week at $7.25/hour.
  6. Wages and earnings were not adjusted for inflation.

The wage data included in these reports represent only the following individuals:

  1. Graduates successfully matched to the Unemployment Insurance Wage records collected by the Virginia Employment Commission (VEC).
  2. Graduates employed in Virginia by an entity that reports to the VEC. This excludes federal employees, including those within the Department of Defense.

What employers are subject to the Unemployment Tax and must be registered and file with the Virginia Employment Commission? They must have met one of the following criteria:

Source

These criteria mean that individuals working as consultants, independent contractors (including many psychologists, counselors, barbers, cosmetologists, IT workers, and P-14 wage employees of the Commonwealth) may be excluded, as are a list of others that may be found here.

"