23 Chapter 2: Economic value of individual programs SUNYWCC’s first Healthcare program16 was established in 1962. In FY 2021-22, SUNY WCC enrolled 574 students in the program. Of these students, 126 graduated with an associate degree, 21 graduated with a certificate, and 209 completed workforce development courses. The remaining students were enrolled with the intent of returning the next year to finish their credential. Career outlook The Healthcare program can lead students into a number of occupations, which may include registered nurses; radiologic technologists and technicians; respiratory therapists; billing and posting clerks; and nursing assistants. Many of the Healthcare program students will enter Westchester County workforce. Using the regional number of annual job openings for these occupations (6,952) and subtracting the regional graduates who may fill these openings (448), we arrive at a gap of 6,504 unfilled positions.17 Alumni impact Former students of SUNYWCC’s Healthcare program added $13.8 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. 16 The Healthcare program is defined by the following CIP codes: Medical Insurance Coding Specialist/Coder (51.0713), Medical Radiologic Technology/Science - Radiation Therapist (51.0907), Respiratory Care Therapy/Therapist (51.0908), Registered Nursing/Registered Nurse (51.3801), Medical Office Management/Administration (51.0705), Medical Administrative/Executive Assistant & Medical Secretary (51.0716), Electrocardiograph Technology/Technician (51.0902), Phlebotomy Technician/Phlebotomist (51.1009), and Nursing Assistant/Aide & Patient Care Assistant/Aide (51.3902). 17 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 Healthcare program. Healthcare program Program-to-occupation metrics in Westchester County Number of occupations 30 Total jobs (2022) 64,970 Projected 10-year job growth +12.3% Job openings (2022)1 6,952 Job postings (2022)2 4,968 Median annual advertised salary (2022)3 $41,600 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 lower than the number of job openings may indicate the fact that employers, such as hospitals, hire multiple workers using one job posting or that the education level is not specified in a job advertisement. 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 $831.2 thousand Total alumni impact in FY 2021-22 $13.8 million
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