Study: CareerTech grads add $3.5B a year to state economy

CareerTech graduates add more than $475,000 to career earnings, study says.
FROM STAFF REPORTS Published: April 14, 2013

Oklahoma CareerTech graduates add $3.5 billion to the state's economy each year, according to a new study by the economic forecasting company RegionTrack.

The study found that the program generates 10 times the direct costs to train CareerTech graduates.

“With only about $135 million in state funding to the CareerTech System, this means Oklahoma gets an incredible return on its investment,” said Robert Sommers, state director of the CareerTech agency.

A CareerTech graduate can expect to add more than $475,000 to career earnings compared to someone who completes no additional education beyond high school, according to the study.

Mark Snead, president of RegionTrack, conducted the cost-benefit analysis of students completing education at technology centers.

The study examined 16,075 adult and secondary students in a diverse set of fields ranging from health sciences to information technology.

“This study demonstrates the personal benefits to Oklahoma CareerTech graduates are considerable,” said Sommers. “They have higher starting salaries, earn more money during their work lives, realize more non-earned income and enjoy more income in retirement.”



This study demonstrates the personal benefits to Oklahoma CareerTech graduates are considerable. They have higher starting salaries, earn more money during their work lives, realize more non-earned income and enjoy more income in retirement.”

Robert Sommers,
State director of the CareerTech agency

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