Unemployment and underemployment for college graduates is an enormous problem, which one law school is trying to make ammends for by offering a partial tuition refund. If the purpose of post-secondary education is to prepare students for their future line of work, there is a massive failure in the system as many are unable to land even entry level jobs with their academic backgrounds.
Brooklyn Law School is offering a 15% tuition refund to their graduates who are unable to find jobs within nine months of graduation. This initiative will begin with the class of 2015. Even law school grads are not exempt to this pattern, as 11.2% of 2013 law graduates were unemployed nine months later. This is a slightly higher rate compared to other university graduates.
Apologetic Unemployment Strategies
Brooklyn Law School is Offering a 15% Tuition Refund for Grads
Trend Themes
1. Unemployment Mitigation - Providing partial tuition refunds for graduates unable to find jobs within a specific timeframe presents an opportunity for educational institutions to address the issue of unemployment among college graduates.
2. Post-secondary Reform - The failure of the post-secondary education system to adequately prepare students for the workforce creates an opportunity for innovative changes and adjustments to curriculum and training programs.
3. Job Placement Services - The increasing demand for effective job placement services to assist college graduates in finding suitable employment provides an opportunity for companies to develop disruptive technologies or platforms in the job search and recruitment industry.
Industry Implications
1. Education - The education industry can explore disruptive innovation opportunities by re-evaluating curriculum and offering innovative solutions to address the issue of unemployment and underemployment among college graduates.
2. Career Services - The career services industry holds potential for disruptive innovation in providing enhanced job placement services and career guidance to better meet the needs of college graduates in today's challenging job market.
3. Recruitment - The recruitment industry has an opportunity to leverage technology and develop innovative platforms to connect college graduates with suitable job opportunities, tackling the problem of unemployment in a more efficient and targeted manner.