[This report] reveals that the demand for science, technology, engineering and maths (STEM) talent is significantly greater than commonly reported, and the supply of STEM college graduates continues to lag far behind employer STEM talent needs. Key findings include: (1) In 2013, there were 5.7 million total postings in STEM fields. Of those, 76 per cent, or 4.4 million, require at least a bachelor's degree, and 41 per cent, or 2.3 million, are entry-level jobs requiring less than 2 years of experience; (2) 48 per cent of all entry-level jobs requiring a bachelor's degree or higher (BA+) are in
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[This report] reveals that the demand for science, technology, engineering and maths (STEM) talent is significantly greater than commonly reported, and the supply of STEM college graduates continues to lag far behind employer STEM talent needs. Key findings include: (1) In 2013, there were 5.7 million total postings in STEM fields. Of those, 76 per cent, or 4.4 million, require at least a bachelor's degree, and 41 per cent, or 2.3 million, are entry-level jobs requiring less than 2 years of experience; (2) 48 per cent of all entry-level jobs requiring a bachelor's degree or higher (BA+) are in STEM fields, while only 29 per cent of bachelor's degree graduates earn a STEM degree; (3) At the sub-baccalaureate level (SubBA), 24 per cent of entry-level jobs are in STEM fields, while 32 per cent of Sub-BA degrees are in STEM concentrations; (4) There are 2.5 entry-level job postings for each new 4-year graduate in STEM fields compared to 1.1 postings for each new BA graduate in non-STEM fields and; (5) STEM jobs offer a substantial salary premium. The average advertised salary for entry-level STEM jobs requiring a BA or higher is $66,123 compared to $52,299 for non-STEM jobs. This difference of approximately $14,000 represents a 26 per cent premium. At the Sub-BA level, the average advertised entry level salary is $47,856 for STEM jobs and $37,424 for non-STEM jobs. This difference of over $10,000 represents a 28 per cent premium.
Excerpt from publication.
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