Tuesday, February 13, 2007

TN Private Career Colleges provide 34% of workers


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The findings show that private, for-profit career colleges supply nearly 34 percent of the career-level educated workers, about 7,280 students. They have an economic impact of $329.6 million in business revenue, $130.2 in labor income, $10.2 million in state and local taxes and provide 4,288 jobs.

Also of note in the study is the finding that an additional year of schooling in Tennessee at the career college level generates an average income increase of 11.4 percent, or about $2,848. The pay increase is greater in some fields: 17 percent in professional services, 15.4 percent for manufacturing 15.2 percent for utilities, 14.9 percent for health care and 14.8 percent for financial services.