Monroe Community College Program Based Economic Impact Analysis, January 2015

COMPUTER INFORMATION SYSTEMS

TABLE B1: 2014 Economic Impact of MCC’s Computer Information Systems Program Field Value ($K) Total Economic Impact in 2014 $15,007  Initial Effect $8,781  Direct Effect $1,472  Indirect Effect $316  Induced Effect $4,438 TABLE B2: Metrics per Worker for MCC’s Computer Information Systems Program Field Value Number of Completers in Workforce in 2014 173 Annual Economic Impact Per Completer $86,900 Estimated Lifetime Earnings Per Completer $1,049,500

In 2014, completers of MCC’s Computer Information Systems program generated an estimated $15 mil- lion in added income to the regional economy. This figure represents the increased wages collected by former students as a direct result of their education, the increased output of businesses that employ these students, and the multiplier effects that occur as both parties spend money at other businesses. As of 2014, there are 173 MCC completers in the workforce who achieved some credential in this field (either a post- secondary vocational award or an associate’s degree). Whether employed in their field or in another field, these students generate an annual economic impact of $86,900 per person. An average MCC completer in this program will collect a present value of $1,049,500 in future earnings as a result of this education.

FIGURE B1: Lifetime Earnings Curve of Computer Infor- mation Systems Completers compared to Control Group

FIGURE B2: MCC Computer Information Systems Com- pleters 2003-2014

Earnings for CIP 11.0501

Earnings for Control Group

Associate in Applied Science

Associate in Science

$80 $60 $70 $50 $40 $30 $20 $10 $0

60

50

40

30

20

10

67

Average Annual Earnings ($K)

0

20

30

40

50

60

70

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Age

MONROE COMMUN I T Y COL L EGE | ECONOM I C MODE L I NG S P EC I A L I S T S I NT L .  8