Lots of recent college grads are either spending one last summer goofing off or they’re hitting the pavement looking for a job in the real world. One of the trickiest things that new graduates face is figuring out how to get their foot in the door. Their high expectations may be met by a dose of reality when they realize their dream job is still out of reach– at least until they get some additional experience.
A great tool for helping college graduates figure out their earning potential is Human Capital Score. Economists created the software to calculate future income using variables such as GPA, standardized test scores and college major. It’s a way to measure credit risk for young adults who don’t have much credit history to go by. But the Human Capital Score also helps graduates know what to expect when it comes to their future salaries.
This can also be good information to give a current college student or a recent high school graduate so they have more information to help them make decisions regarding their education. The final report calculates high, median and low end income levels based on the information provided. Graduates can see their projected income for the next ten years so they can see that while they may not make a great income now, with hard work and dedication their salary will improve.