College Graduation Statistics, Facts and Figures 2023

Last Updated on: December 21, 2022 by | Fact Checked

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In this post, we discuss College Graduation Statistics 2023

College is a significant financial and emotional investment for many individuals. However, not everyone who attends college completed their studies on time.

Below are a few of the most fascinating facts about college graduations in the United States.

  • An associate’s degree is earned by 1.01 million people each year, while a bachelor’s degree is earned by 1.98 million people.
  • Each year, 820,100 people receive a master’s degree and 184,070 people receive a doctorate degree in higher education.
  • An associate’s degree or more is held by 42 percent of adults in the United States. Every year, almost a million students drop out of college.
  • First-generation students account for 75 percent of those who drop out.
  • Pupils within the top 75th percentile of their course have a 5x higher chance of graduating than those in the bottom percentile.
  • Full-time pupils are 6 times more likely than part-time students to graduate in six years.

College Graduation Statistics

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College Graduation Statistics 2023

  • Approximately 65% of new college grads find work within six months of graduation.
  • A college grad between the ages of 22 and 27 earns $44,000 per year on average.
  • People with a bachelor’s degree have a 50% better chance of finding work than those with only a high school diploma.

Figures on College Grads by Demographics

  • White men have the largest percentage of college graduates.
  • Males account for 80 percent of computer science academics & 78 percent of computer engineering students.
  • American Indian/Alaska Native graduates account for only 0.6 percent of all graduates, the least of any race or ethnicity.
  • White people account for over 60 percent of all college graduates.
  • Latino or Hispanic graduates account for 13 percent, Black & Native American graduates account for 11%, and graduates from Asia or the Pacific account for 6.6 percent.
  • Within five years, 23% of all individuals who join at the age of 18 or below will graduate. With 488k college grads each year, California has the maximum number of college graduates.

Statistics on College Graduation Programs

  • Notre Dame University has the maximum graduation ratio in the United States.
  • Within four years, 93 percent of students graduate.
  • A degree in engineering, technology, mathematics, or science is earned by 18.3% of graduates.
  • Business is the most popular undergraduate major (19.5%), trailed by healthcare (12.1%) & social sciences (8.1 percent ).
  • The medical field is the most popular field for doctorate grads (43.6 percent ).

FAQs On College Graduation Statistics

What are some prevalent degrees and subjects of study in college?

A business major is done by roughly one in every four undergraduates. Undergraduate degrees in social sciences, engineering & health sciences are also popular. Master's degrees in business are likewise the most popular, while doctoral programmes in health and medical sciences are the most popular.

What proportion of the population has a college diploma?

In the U.S., 42 percent of adults aged 25 and up (92 million) hold an associate's or bachelor's degree. This is a significant increase from the 1940s, where only 5 percent of citizens had completed higher education. Only 13 percent of the population has a master's or higher degree.

What is the typical percentage of college graduates?

Within six years, 60% of students enrolling at a public institution will graduate. Private non-profit institutions have a graduation rate of 67 percent, while private for-profit colleges have a graduation rate of only 25 percent. The community college, on the other hand, has the poorest graduation ratio, with only 20 percent of students graduating on time.

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Conclusion: College Graduation Statistics 2023

Although most college students intend to graduate, that’s not always the reality. These university graduation facts and figures highlight the importance of earning a degree and whether it is worthwhile to invest the time and effort.

Sources:

Education Data, Forbes, Think Impact, US News, Best Colleges

Alisia Emerson

With over 15 years of expertise in personal branding, self-development, and financial literacy under her belt, Alisa has earned a reputation as an accomplished keynote speaker. She is also an expert on topics ranging from self-development, Business News to investment and gladly shares this knowledge with audiences through keynote speaking engagements as well as writing craft workshops for local writers' groups and book conferences. Out of her deep knowledge of writing craftsmanship, Alisa also offers online fiction courses to guide aspiring authors to reach success through story composition excellence.

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