MCC Program Based Economic Impact Analysis: Feb 2018

INFORMATION & NETWORK TECHNOLOGY

While only recently established in 2003, in FY 2015- 16, MCC enrolled 120 students in its Information and Network Technology program. Of these students, 13 graduated with an associate degree in FY 2015-16. CAREER PATHWAYS The Information and Network Technology program can lead students into a number of occupations, which may include: Computer Systems Analysts, Network and Computer Systems Administrators, and Computer Network Architects. TABLE 2.29: Aggregated Program to Occupation Mapping Measures Number of Occupations 7 Using the average number of annual openings for these occupations (153) and subtracting the FY 2015- 16 institutional completers in the county that may fill these openings (41), we arrive at a gap of 112 unfilled openings. There are 913 unique job postings for these occupations at the associate degree level or below in Monroe County. The top three posting companies are Windstream Holdings, Inc., Fidelis Care New York, and Rochester General Health System. Projected Avg. Annual Job Openings (2016-2026) 153 Projected Avg. Job Growth (2016-2026) +11.3% $35.04 Median Hourly Wage (2016)

PROGRAM ALUMNI IMPACT Former students of MCC’s Information and Network Technology program added $1.6 million in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former stu- dents active today in the county workforce as a direct result of their education, the increased output of busi- nesses that employ these students, and the multiplier effects that occur. TABLE 2.30: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $974.4 thousand Annual Economic Impact per Student* $1.2 thousand Total Alumni Impact in FY 2015-16 $1.6 million * Due to data limitations, a duplicated student headcount was used to calcu- late the economic impact per student, generating a very conservative result. STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $8.10 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 21.6%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return.

FIGURE 2.27: MCC Information and Network Technology Completers, FY 2005-06 to FY 2015-16

FIGURE 2.28: Lifetime Earnings of an Information and Network Technology Program Completer Compared to a High School Graduate

25 20 15 10

High School Graduate

Program Completer

$80,000

$40,000 $20,000 $0 $60,000

0 5

Average Annual Earnings

Number of Completers

2006

2012 2013 2014 2015 2016 2007 2008 2009 2010 2011

25 30

35

40 45 50

55

60

65

Year Graduated

Age

26

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018