{"id":26,"date":"2017-06-20T15:30:52","date_gmt":"2017-06-20T15:30:52","guid":{"rendered":"http:\/\/webtest.brandonu.ca\/economic-impact\/?page_id=26"},"modified":"2017-06-20T15:30:52","modified_gmt":"2017-06-20T15:30:52","slug":"alumni-education-premium","status":"publish","type":"page","link":"https:\/\/www.brandonu.ca\/economic-impact\/sudmant-method-results\/alumni-education-premium\/","title":{"rendered":"Alumni Education Premium"},"content":{"rendered":"<p>The alumni education premium demonstrates a university\u2019s dynamic and ongoing economic impact. Alumni add value through the use of the skills and knowledge attained by their university education. They will earn a wage premium over those who have not completed a university education: typically referred to as an \u201calumni education premium\u201d.<\/p>\n<p>Brandon University has graduated 12,440 students in the last four decades (1,294 graduate students and 11,146 undergraduate students).\u00a0 An estimated 76% of students stay in the region after graduation to work and live.<sup><a href=\"#_ftn1\" name=\"_ftnref1\"><span>[1]<\/span><\/a><\/sup>\u00a0 To calculate the Alumni education premium, the wage difference for a given year between those who hold a degree and those who do not, is calculated for graduates between the ages of 25-65 (Table 6). Individuals in the oldest cohort will have higher Alumni education premiums than those in the younger cohort.\u00a0 The total Alumni education premium is calculated by multiplying the number of graduates by the average education premium for each year and summing the numbers.<sup><a href=\"#_ftn2\" name=\"_ftnref2\"><span>[2]<\/span><\/a><\/sup><\/p>\n\t<script type=\"text\/javascript\">\n\t(function( $ ) {\n\t\t$( function() {\n\t\t\tHighcharts.setOptions( {\"lang\":{\"decimalPoint\":\".\",\"thousandsSep\":\",\",\"numericSymbols\":[\"K\",\"M\",\"B\",\"T\",\"P\",\"E\"],\"numericSymbolMagnitude\":1000}});\n\t\t} );\n\t})( jQuery );\n\t<\/script>\n\t<div id=\"m-chart-container-654-1\" class=\"m-chart-container\">\n\t<div id=\"m-chart-654-1\" class=\"m-chart\"><\/div>\n<\/div>\n<script type=\"text\/javascript\">\n\tvar m_chart_highcharts_654_1 = {\n\t\tchart_args: {\"chart\":{\"type\":\"bar\",\"show_labels\":true,\"renderTo\":\"m-chart-654\",\"height\":400},\"title\":{\"text\":\"Alumni Education Premium\"},\"subtitle\":{\"text\":\"Number of Graduates living in Manitoba\"},\"legend\":{\"enabled\":true},\"credits\":{\"href\":\"\",\"text\":\"\"},\"exporting\":{\"enabled\":false},\"accessibility\":{\"enabled\":false},\"plotOptions\":{\"series\":{\"dataLabels\":{\"enabled\":true,\"format\":\"{y:,f}\"},\"connectNulls\":true},\"bar\":{\"dataLabels\":{\"enabled\":true}}},\"xAxis\":{\"categories\":[\"25-34\",\"35-44\",\"45-54\",\"55-64\"],\"title\":{\"text\":\"Age\"}},\"yAxis\":{\"title\":{\"text\":\"Number of Graduates living in Manitoba\"}},\"series\":[{\"name\":\"Male Undergraduate\",\"data\":[700,1177,1053,1023]},{\"name\":\"Male Graduate\",\"data\":[191,87,71,112]},{\"name\":\"Female Undergraduate\",\"data\":[998,1750,2007,2438]},{\"name\":\"Female Graduate\",\"data\":[190,209,157,277]}],\"colors\":[\"#003057\",\"#3A4E41\",\"#756D2B\",\"#AF8B15\",\"#EAAA00\"]},\n\t\tpost_id: 654,\n\t\tinstance: 1\t};\n\n\t\n\t(function( $ ) {\n\t\tm_chart_highcharts_654_1.render_chart = function( ) {\n\t\t\t$( '.m-chart' ).trigger({\n\t\t\t\ttype:     'render_start',\n\t\t\t\tpost_id:  this.post_id,\n\t\t\t\tinstance: this.instance\n\t\t\t});\n\n\t\t\t$( '#m-chart-' + this.post_id + '-' + this.instance ).highcharts(\n\t\t\t\tthis.chart_args,\n\t\t\t\tfunction( chart ) {\n\t\t\t\t\t\/\/ Stuff to do after the chart has rendered goes here\n\t\t\t\t\t\n\t\t\t\t}\n\t\t\t);\n\n\t\t\tthis.chart = $( '#m-chart-' + this.post_id + '-' + this.instance ).highcharts();\n\n\t\t\t$( '.m-chart' ).trigger({\n\t\t\t\ttype:     'render_done',\n\t\t\t\tchart:    this.chart,\n\t\t\t\tpost_id:  this.post_id,\n\t\t\t\tinstance: this.instance\n\t\t\t});\n\t\t};\n\n\t\t$( function() {\n\t\t\tm_chart_highcharts_654_1.render_chart();\n\t\t} );\n\t})( jQuery );\n<\/script>\n<div id=\"m-chart-container-694-2\" class=\"m-chart-container\">\n\t<div id=\"m-chart-694-2\" class=\"m-chart\"><\/div>\n<\/div>\n<script type=\"text\/javascript\">\n\tvar m_chart_highcharts_694_2 = {\n\t\tchart_args: {\"chart\":{\"type\":\"bar\",\"show_labels\":true,\"renderTo\":\"m-chart-694\",\"height\":400},\"title\":{\"text\":\"Alumni Education Premium\"},\"subtitle\":{\"text\":\"Annual Earnings Premium for 2014\"},\"legend\":{\"enabled\":true},\"credits\":{\"href\":\"\",\"text\":\"\"},\"exporting\":{\"enabled\":false},\"accessibility\":{\"enabled\":false},\"plotOptions\":{\"series\":{\"dataLabels\":{\"enabled\":true,\"format\":\"${y:,f}\"},\"connectNulls\":true},\"bar\":{\"dataLabels\":{\"enabled\":true}}},\"xAxis\":{\"categories\":[\"25-34\",\"35-44\",\"45-54\",\"55-64\"],\"title\":{\"text\":\"Age\"}},\"yAxis\":{\"title\":{\"text\":\"Annual Earnings Premium for 2014\"}},\"series\":[{\"name\":\"Male Undergraduate\",\"data\":[5349906,19084002,25786216,15343418]},{\"name\":\"Male Graduate\",\"data\":[264119,1419184,1333028,2026503]},{\"name\":\"Female Undergraduate\",\"data\":[9263999,19037235,14890157,14382136]},{\"name\":\"Female Graduate\",\"data\":[null,1676197,2146587,4119756]}],\"tooltip\":{\"valuePrefix\":\"$\"},\"colors\":[\"#003057\",\"#3A4E41\",\"#756D2B\",\"#AF8B15\",\"#EAAA00\"]},\n\t\tpost_id: 694,\n\t\tinstance: 2\t};\n\n\t\n\t(function( $ ) {\n\t\tm_chart_highcharts_694_2.render_chart = function( ) {\n\t\t\t$( '.m-chart' ).trigger({\n\t\t\t\ttype:     'render_start',\n\t\t\t\tpost_id:  this.post_id,\n\t\t\t\tinstance: this.instance\n\t\t\t});\n\n\t\t\t$( '#m-chart-' + this.post_id + '-' + this.instance ).highcharts(\n\t\t\t\tthis.chart_args,\n\t\t\t\tfunction( chart ) {\n\t\t\t\t\t\/\/ Stuff to do after the chart has rendered goes here\n\t\t\t\t\t\n\t\t\t\t}\n\t\t\t);\n\n\t\t\tthis.chart = $( '#m-chart-' + this.post_id + '-' + this.instance ).highcharts();\n\n\t\t\t$( '.m-chart' ).trigger({\n\t\t\t\ttype:     'render_done',\n\t\t\t\tchart:    this.chart,\n\t\t\t\tpost_id:  this.post_id,\n\t\t\t\tinstance: this.instance\n\t\t\t});\n\t\t};\n\n\t\t$( function() {\n\t\t\tm_chart_highcharts_694_2.render_chart();\n\t\t} );\n\t})( jQuery );\n<\/script>\n<p><strong>Table 6. Alumni Education Premium (Past 40 years, 1974-2014<\/strong>)<\/p>\n<table width=\"511\">\n<thead>\n<tr>\n<th width=\"95\">Age<\/th>\n<th width=\"59\">Sex<\/th>\n<th width=\"113\">Degree<\/th>\n<th width=\"142\">Number of Graduates living in Manitoba<\/th>\n<th width=\"104\">Annual Earnings Premium for 2014<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td width=\"95\">25-34<\/td>\n<td width=\"59\">Male<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">700<\/td>\n<td width=\"104\">$5,349,906<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">25-34<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Male<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">191<\/td>\n<td width=\"104\">$264,119<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">25-34<\/td>\n<td width=\"59\">Female<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">998<\/td>\n<td width=\"104\">$9,263,999<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">25-34<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Female<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">190<\/td>\n<td width=\"104\">( $230,029 )<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">35-44<\/td>\n<td width=\"59\">Male<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">1,177<\/td>\n<td width=\"104\">$19,084,002<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">35-44<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Male<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">87<\/td>\n<td width=\"104\">$1,419,184<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">35-44<\/td>\n<td width=\"59\">Female<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">1,750<\/td>\n<td width=\"104\">$19,037,235<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">35-44<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Female<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">209<\/td>\n<td width=\"104\">$1,676,197<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">45-54<\/td>\n<td width=\"59\">Male<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">1,053<\/td>\n<td width=\"104\">$25,786,216<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">45-54<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Male<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">71<\/td>\n<td width=\"104\">$1,333,028<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">45-54<\/td>\n<td width=\"59\">Female<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">2,007<\/td>\n<td width=\"104\">$14,890,157<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">45-54<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Female<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">157<\/td>\n<td width=\"104\">$2,146,587<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">55-64<\/td>\n<td width=\"59\">Male<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">1,023<\/td>\n<td width=\"104\">$15,343,418<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">55-64<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Male<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">112<\/td>\n<td width=\"104\">$2,026,503<\/td>\n<\/tr>\n<tr>\n<td width=\"95\">55-64<\/td>\n<td width=\"59\">Female<\/td>\n<td width=\"113\">Undergraduate<\/td>\n<td width=\"142\">2,438<\/td>\n<td width=\"104\">$14,382,136<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><span class=\"hide-table-cell\">55-64<\/span><\/td>\n<td width=\"59\"><span class=\"hide-table-cell\">Female<\/span><\/td>\n<td width=\"113\">Graduate<\/td>\n<td width=\"142\">277<\/td>\n<td width=\"104\">$4,119,756<\/td>\n<\/tr>\n<tr>\n<td width=\"95\"><strong>TOTAL<\/strong><\/td>\n<td width=\"59\"><\/td>\n<td width=\"113\"><\/td>\n<td width=\"142\"><strong>12,440<\/strong><\/td>\n<td width=\"104\"><strong>$135,892,414<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>The Alumni Education Premium for the 2014\/2015 year for Brandon University graduates is calculated at $135.9 million which with a multiplier of 1.5 results in a total impact of $203.8 million. In Manitoba, the alumni education premium for university graduates with a bachelor\u2019s degree is between $7,643 and $24,498 per year for men and $5,899 and $10,877 per year for women.<\/em><\/p>\n<div class=\"footnotes\">\n<ol>\n<li>Estimate after University of Calgary 2013, and confirmed by BU Office of Advancement and External Relations <a href=\"#_ftnref1\" name=\"_ftn1\">\u21a9<\/a><\/li>\n<li>The Sudmant Method for 2014\/2015 covers the wage period in relation to the period 1974-2014. For the 2015 analysis it would be for the period 1975-2015 <a href=\"#_ftnref2\" name=\"_ftn2\">\u21a9<\/a><\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The alumni education premium demonstrates a university\u2019s dynamic and ongoing economic impact. Alumni add value through the use of the skills and knowledge attained by their university education. They will earn a wage premium over those who have not completed a university education: typically referred to as an \u201calumni education premium\u201d. Brandon University has graduated [&hellip;]<\/p>\n","protected":false},"author":108,"featured_media":742,"parent":18,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-26","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/pages\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/users\/108"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":0,"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/pages\/26\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/pages\/18"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/media\/742"}],"wp:attachment":[{"href":"https:\/\/www.brandonu.ca\/economic-impact\/wp-json\/wp\/v2\/media?parent=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}