Students who had inspiring professors, internships, and participated in extracurricular activities were more likely to be “engaged at work and experiencing high well-being after graduation."
What is the secret to a successful life after college? According to a new survey, the secret is in the college experience. Students who had inspiring professors, internships, and participated in extracurricular activities were more likely to be “engaged at work and experiencing high well-being after graduation,” the inaugural Gallup-Purdue Index found.
Millionaires rank education second to hard work as the primary factor in their financial success, and they put a high premium on a college education, according to Spectrem’s Millionaire Corner research. Eighty-five percent of respondents with a net worth between $1 million and $4.9 million have a college education, while nearly one-third (31 percent) have an advanced degree. The percentages are higher among ultra high net worth respondents with a net worth between $5 million and $24.9 million (94 percent and 34 percent, respectively).
In a separate Millionaire Corner survey, 84 percent of affluent respondents said they believe a college education is necessary in today’s workplace and nine-in-ten said that college education was a contributor to their success. The Gallup-Purdue Index identified factors of the college experience that helped students to make the grade on the job or in their career.
The odds of being engaged at work, the survey reports, are 2.6 times higher if the college prepared students well for life outside of college, and 2.4 times higher is the college were deemed passionate about the long-term success of its students.
The chances for success in the workplace were found to be 2.2 times higher for those who had a mentor who encouraged them to pursue their dreams and goals and two times higher if they had at least one college professor who made them excited about learning.
The odds of thriving in all areas of well-being were found to be:
- 4.6 times higher if engaged at work
- 2.5 times higher if college prepared them well for life after graduation
- 2 times higher is there is an emotional attachment to their school
- 1.9 times higher if a college is heavily invested in their students’ long-term success
- 1.5 times higher if they had an internship or job that allowed them to apply what they learned in the classroom.
According to a 2013 Gallup survey, the U.S. and Canada scored the highest proportion of workers (29 percent) who are engaged with their jobs, meaning they are “psychologically committed to their jobs and likely to be making positive contributions to their organizations.”
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.