Economic Success Measures - Florida

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Methodology

Drop Down Selections

Outcome data relating to employment, earnings, continued education, etc., can be viewed in several ways:

  1. Outcome information for graduates/completers in their first year after graduation for a five year period.  (Graduates/completers in 2009-2010, 2010-2011, 2011-2012, 2012-2013 and 2013-2014.)
  2. Outcome information for 2013-2014 graduates/completers the first year after graduation/completion; and,
  3. Outcome information for graduates/completers in their first year after graduation/completion and five years later (i.e., what the graduates/completers’ outcomes are in their first year of graduation/completion (2009-2010) and what they are five years later in 2013-2014.)  There will be two drop downs showing 1st year and 5th year outcomes.

Note: Outcomes displaying an asterisk (*) means results are suppressed because there are less than 10 graduates/completers in that program.


Completers Cohort 2009-10 – 2013-14

The cohort includes graduates/completers from Florida public university, college, and career and technical education programs from 2009-10 thru 2013-14.  The data for this cohort reflects wages, continuing education and public assistance for the fall following these students’ graduation.


Key Concepts

Key concepts related to employment and continuing education outcomes used throughout the report are median earnings and continuing education. The rates reported are combined five year rates for 2010, 2011, 2012, 2013 and 2014 graduates. This approach provides sufficient data at the local program level to allow students, parents and other stakeholders to view more complete results.  The minimum number of graduates to allow reporting in the related web portal for this project is ten (10 cell size). Results are suppressed when fewer graduates/completers appear on any specific topic.

The median is the middle score in a distribution and graduate/completer earnings reported here reflect a five year median. Annualized 4th calendar year quarter (October, November & December) wages for each year were arranged by institution from lowest to highest and the middle value was selected for each institution and from a combined sorted statewide list.  Florida wage data are the underlying source of the earnings data and they cover approximately 95 percent of the Florida labor market.  Some information such as wages for out-of-state workers, sole proprietorships, federal employees and military employees may not be included in the data.

The continuing education figures reflect a five year average.  The number of students enrolled in higher education in the academic year following graduation/completion (2011, 2012, 2013, 2014 and 2015) was totaled and divided by total the number of graduates/completers from across the five years.  Out-of state continuing education is not included.

As part of the state education system’s efforts to continuously improve, the nationally recognized Florida Education and Training Placement Information Program (FETPIP) tracks employment, earnings, and continuing education outcomes.

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Beyond Education

Welcome to Economic Success Measures – Florida

Section 445.07, F.S., requires the Florida Department of Economic Opportunity to make available, to the public, an on-line tool that provides students, parents and others with outcome information on the employment and earnings of Florida graduates from public institutions of higher education - state universities, state college institutions, and district technical centers.

The data source for this information is the Florida Department of Education’s Florida Education and Training Placement Information Program (FETPIP) and Office of Student Financial Assistance.

Outcome data relating to employment, earnings, continued education, etc., can be viewed in several ways:

  1. Outcome information for graduates/completers in their first year after graduation for a five year period.  (Graduates/completers in 2009-2010, 2010-2011, 2011-2012, 2012-2013 and 2013-2014.)
  2. Outcome information for 2013-2014 graduates/completers in their first year after graduation/completion; and,
  3. Outcome information for graduates/completers in their first year after graduation/completion and five years later (i.e., what the graduates/completers’ outcomes are in their first year of completion (2009-2010) and what they are in 2013-2014.)  There will be two drop downs showing 1st year and 5th year outcomes.

Note: Outcomes displaying an asterisk (*) means there is less than 10 graduates/completers in that program so results are suppressed. 


Converting Data into Meaningful Information

While this online tool provides a valid and reliable measure of the benefits of a college degree or career certification, it is important that the consumer is aware of limitations on what can be inferred from the data provided:

Earning a degree or credential is a large and valuable investment of time and effort.  Paying for college is likewise a significant financial investment.  Although a student’s choice of major is a personal decision, information about employment and earnings upon graduation can provide informed and realistic preparation and expectations.  It is important to note that the earnings of graduates of any program reflect a variety of factors independent of the graduate’s educational experience, (e.g., their background, the local job market, where the graduate lives and works (rural/urban) and more.)  Nonetheless, these data can be an important tool for students, parents, and others.