19 Chapter 2: Economic value of individual programs SUNY WCC’s first Information Technology program12 was established in 1970. In FY 2021-22, SUNY WCC enrolled 909 students in the program. Of these students, 69 graduated with an associate degree, 15 graduated with a certificate, 274 completed workforce development courses, and 12 were dual-credit high school students. The remaining students were enrolled with the intent of returning the next year to finish their credential. Career outlook The Information Technology program can lead students into a number of occupations, which may include software developers; computer user support specialists; information security analysts; computer programmers; and web developers. Many of the Information Technology program students will enter Westchester County workforce. Using the regional number of annual job openings for these occupations (633) and subtracting the regional graduates who may fill these openings (358), we arrive at a gap of 275 unfilled positions.13 Alumni impact Former students of SUNYWCC’s Information Technology program added $26.7 million in income to the Westchester County economy in FY 2021-22. This figure represents the increased wages collected by former students active in FY 2021-22 in the regional workforce as a direct result of their education, the increased output of businesses that employ these students, and the multiplier effects that occur. 12 The Information Technology program is defined by the following CIP codes: Computer Science (11.0701), Computer & Information Systems Security/Information Assurance (11.1003), Computer & Information Sciences, General (11.0101), Computer & Information Sciences, Other (11.0199), Computer Programming/Programmer, General (11.0201), Computer Programming, Specific Applications (11.0202), Computer Programming, Other (11.0299), and Data Processing & Data Processing Technology/Technician (11.0301). 13 Note that in the total headcount of regional program completers, non-credit or non-degree completions of other regional institutions are not included due to data limitations. Thus, the estimated gap of job openings may be overstated if other educational institutions offer similar workforce or professional development courses in Westchester County. Program completions at the associate degree level and below from other institutions in the county are reflective of FY 2020-21 and were reported to the IPEDS survey for the same CIP codes that represent SUNY WCC’s Information Technology program. Information Technology program Program-to-occupation metrics in Westchester County Number of occupations 20 Total jobs (2022) 14,694 Projected 10-year job growth +11.9% Job openings (2022)1 633 Job postings (2022)2 666 Median annual advertised salary (2022)3 $68,994 1 The job openings reported in this analysis are specific to students entering the workforce with an associate degree and below. 2 Job openings and job postings come from different data sources and can therefore differ from each other. They both provide insights into local employer demand. Job openings are from government data sources and, while lagged, can be more stable. Job postings reflect real-time employer demand but can have more fluctuations. The number of job postings higher than the number of job openings may reflect intense job distribution and cross-posting of job advertisements across multiple job boards in different cities, indicating a lack of labor supply. 3 The median annual advertised salary is specific to job postings at the associate degree level and below. Alumni lifetime earnings increase and impact Lifetime earnings increase per graduate $455.2 thousand Total alumni impact in FY 2021-22 $26.7 million
RkJQdWJsaXNoZXIy MTM2NjgzMA==