48% Chance You're Overqualified for Your Job
Assuming you have your bachelor's degree, says new study
By Evann Gastaldo, Newser Staff
Posted Jan 28, 2013 8:31 AM CST
   (Shutterstock)

(Newser) – Next month's college loan payment might be even more of a bitter pill to swallow: A new study out today finds that almost half of all working Americans with college degrees are overqualified for their jobs. In 2010, 5% of all janitors, 15% of cab drivers, and 25% of retail sales clerks held bachelor's degrees, USA Today reports. In all, 48% of working college grads had jobs in 2010 that did not require a bachelor's degree, and 37% had jobs that only required a high school diploma, according to the Chronicle of Higher Education.

Being underemployed "is almost the new normal," the lead author says, and the trend is likely to continue over the next 10 years. Why? The number of college graduates is much higher than the number of jobs requiring a college degree—and the disparity is getting worse since the number of grads is increasing. The number of Americans with bachelor's degrees jumped 25% between 2002 and 2012, to 41.7 million, according to Census Bureau stats ... but in 2010, only 28.6 million jobs required such a degree.

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Showing 3 of 40 comments
hog_one
Jan 29, 2013 12:43 PM CST
Well, I have some more bad news for you. As you get older your going to find that when you are seeking employment in your line of work.Your going to find that your "overqualified" not because of your eduaction or even your work history, but your age. They can't tell you your too "old" that's against the law, they just tell you your "overqualified". So welcome to the real world and you better find a place you want to retire from by the time your 45, because after that it gets hard.
793tango
Jan 28, 2013 6:48 PM CST
No kidding. I spent 15 years as an account manager for a security company. I had 7 people working for me. Now I drive cars for a living. When I interviewed for my job the guy looked at my resume and said 'Well, you're over qualified for this job.' I said "Yeah I know but I need a job doing SOMEthing.' He told me he didn't expect me to be with the comopany long. That was three and a half years ago. I remind him of that every now and then. I gotta admit, getting paid to drive brand new cars all day does have its up side. Tooling down the highway in a 2013 Dodge Challenger with the Satellite radio onis a fun way to spend an hour of your work day. I have a friend who has a college degree in business. He's a security guard.
Rob_G
Jan 28, 2013 3:10 PM CST
My first "real" jobs were co-op assignments with placement after college graduation. When my plan A, grad school, did not pan out I took the co-op offer. I got there early, worked late with no complaints and was never a jerk or an ass. I got invited into the managers training course and in 20 short years I have reached lower-upper-middle class status with another 20 years to go before retirement and the potential to reach middle-upper-middle class status. And that is the soundtrack to my American dreams, it ain't pretty but it has a start and a finish.