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Burning Glass Report: The Art of Employment

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08/28/2013 | 02:57pm CET

New research shows combining technical skills with a liberal arts education can nearly double the jobs available to liberal arts graduates and offer an average salary premium of $6,000

Research released today from labor market analytics firm Burning Glass shows that coupling technical skills with a liberal arts education can nearly double the jobs available to recent liberal arts graduates and offer an average salary premium of $6,000. The research analyzed millions of entry-level job postings from the past 12 months (July 2012 - June 2013).

"Despite the high unemployment rate for liberal arts graduates, we are seeing that the skills they possess are in-demand when coupled with specific technical skills," said Matthew Sigelman, CEO at Burning Glass. "Employers report a strong need for recent graduates who possess skills such as writing, adaptability, and problem solving. When combining these skills with workforce-specific competencies, a liberal arts education becomes highly valuable."

Burning Glass identified eight technical skill sets - Marketing, Sales, Business, Social Media, Graphic Design, Data Analysis, Computer Programming and IT Networking - which can be acquired through additional coursework, minors, or internships. According to a recent report from Georgetown's Center on Education and the Workforce, the average unemployment rate for liberal arts graduates (9.7%) is 2.7% higher than the average rate for all graduates (7%). By developing one or more of these technical skill sets, liberal arts graduates can enhance their competitiveness for the 955,000 jobs they already qualify for and tap into an additional 862,000 jobs, almost doubling the number of jobs available to them. These new opportunities offer an average salary premium of $6,000 over entry-level jobs traditionally open to liberal arts graduates.

The full report, "The Art of Employment: How Liberal Arts Graduates Can Improve Their

Labor Market Prospects," which includes analyses by occupation, region and salary, is available online here.

About Burning Glass

Burning Glass, a Boston-based labor market analytics firm, develops technologies to build detailed awareness of what is happening in the labor market in real time. Burning Glass collects and analyzes job postings from close to 30,000 online sources and then deploys advanced proprietary text mining to "read" each job description, allowing us to analyze the specific jobs, experience, qualifications, and skills employers are seeking.

Our tools are playing a growing role in informing the global conversation on education and the workforce by providing researchers, policy makers, educators, and employers with detailed real-time awareness into skill gaps and labor market demand. Burning Glass's job seeker tools power several government workforce systems and have been shown to have substantive impact on reemployment outcomes and on labor market literacy.

With headquarters in Boston's historic Faneuil Hall, Burning Glass is proud to serve a client base that spans six continents, including education institutions, government workforce agencies, academic research centers, global recruitment and staffing agencies, major employers, and leading job boards.

Press:
For Burning Glass
Hillary Yaffe, 212-614-4924
Hillary.Yaffe@bm.com


© Business Wire 2013
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