New Survey Reveals Four Out of 10 College Grads are Underemployed

What we’re about to tell you is bleak, so please don’t say we didn’t warn you.

According to new survey results released by Accenture, 41 percent of recent college grads who are employed indicated they’re underemployed.

Essentially, they graduated within the past two years and feel they’re working in jobs that don’t require college degrees.

Furthermore, approximately 63 percent say they will need more training in order to get their desired job. The 2013 College Graduate Employment Survey included 1,010 students graduating from college this year along with 1,005 students who graduated in 2011 and 2012.

The numbers also identified a gap. For example, 77 percent of grads this spring anticipate their first employer will provide formal training.

As for reality, less than half of 2011 and 2012 respondents reported they received formal training on their first job in the real world.

According to the release, David Smith, senior managing director of Accenture’s Talent & Organization practice said, “Hiring someone with a higher-level degree than is necessary for a given job does not typically result in a higher-performing employee, and does not reduce the need to invest in training specialized skills.”