Vittana Impact Assessment Slides 31 Jan 2014

8/12/2019 Vittana Impact Assessment Slides 31 Jan 2014

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VITTANA IMPACT ASSESSMENT31 January 2014

Kate Cochran

Skinny Rat Social Impact Solutions


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SUMMARY OF FINDINGS

VITTANA IMPACT ASSESSMENT FINAL REPORT 2

85% of survey respondents are employedmore than a year after graduation. 79% of employed graduates are working inthe field they studied.

Employed graduates who were workingbefore school increased their salaries an

average of 93%, but there is a wide range.

Half increased by 38% or more.

77% of graduates in Nicaragua who weresurveyed in 2011 and 2013 reported yearover year increases in income, averaging

55% in the first period and 21% in the next.

477 graduates surveyedin six countries


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AREAS OF FOCUS AND DATA CUTS


Employment

Salary +

Change

Time toEmployment

TotalPopulation

By field ofstudy

By School

Type

By Country By Grad.Cohort


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EMPLOYMENT N = 475 total respondents


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ARE GRADUATES EMPLOYED?

Excluding 2013 graduates, 85% of graduates are

employed. Including the 2013 graduates, however,

drops the employed rate to 75%. This is consistentwith the average of five months to find a job that

respondents reported.


Employed25785%

Unemployed46

15%

EMPLOYMENT


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EMPLOYMENT BY COHORT


EMPLOYED UNEMPLOYED

2008 75% 25%

2009 68% 32%

2010 89% 11%

2011 88% 12%

2012 84% 16%

2013 59% 41%

TOTAL 75% 25%

13

32 81131

102

6

4 1125

70

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2009 2010 2011 2012 2013

EMPLOYED UNEMPLOYED

EMPLOYMENT


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COUNTRY RESULTS

VITTANA IMPACT ASSESSMENT FINAL REPORT 7EMPLOYMENT

11 7

2531 11

4

25

19

8 18

16

7

2 1731

54 42 3 1 3

4

20

5 3

58 3

2

8

57

1

1 2

7

5

2

2

5

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2009 2010 2011 2012 2013 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2011 2012 2013 2012 2013

Nicaragua Philippines Vietnam Paraguay Mongolia Bolivia

EMPLOYED UNEMPLOYED


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SCHOOL TYPE&

WORKING IN THEIR FIELD

EMPLOYED UNEMPLOYED

% N % N

COLLEGE 75% 320 25% 105

VOCH/TECH 75% 33 25% 11

While employed graduates appear to be most

likely working in their field of study, the data are

inconclusive over whether type of degreeuniversity or vocational/technical makes it easier

to gain employment.


Yes282

79%

No, 76, 21%

Are employed graduates workingin their fields of study?

EMPLOYMENT


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SALARY N = 359 employed graduates


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DID STUDENTS IMPROVE THEIR EARNINGS?249 graduates reported current income as well income prior to the loan. This is roughly half the students surveyed. 23 students, 9% lowered their incomes 25% did not change their incomes but 25% (68) doubled their incomes or better. Half increased their income by 38% or more On average, students showed a 90% increase over previous incomes. While some outliers reported 1000% increases, there were enough of them (6) that we did not remove them.


25th

percentile:0% Median:38%75

th

percentile:100%

Max.1753%

SALARY

1 2 2 2 2 35 2

62

1216

25

11 10

18

8

68

0

10

20

30

40

50

60

70

80

-80% -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% 40% 50% 70% 80% 90% 100%+

Salary Change Distribution


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MONTHLY SALARIES OVER TIME


Comparing our entire dataset combines too many fields and countries to show meaningful progression over time. However, isolating the 37 students

in two countries who provided salary data at three points in time shows a general trend toward increasing compensation year over year.

SALARY

21 4 5 6 9 3 8 17 13 7 18 12 2 14 10 11 1 16 15 19 20 22

Pre-loan Income USD $417 $667 $708 $1,167 $708 $667 $358 $572 $708 $346 $278 $667 $417 $333 $450 $667 $303 $542 $821 $373 $500 $265

2011 Monthly Income USD $1,333 $683 $740 $1,280 $875 $667 $400 $1,000 $916 $383 $500 $833 $417 $500 $558 $833 $303 $833 $1,250 $708 $1,250 $958

2013 Monthly Income USD $333 $667 $808 $1,333 $833 $833 $459 $750 $1,000 $499 $414 $1,000 $675 $570 $833 $1,288 $633 $1,150 $1,833 $1,104 $1,667 $1,083

% Change Pre-2013 -20% 0% 14% 14% 18% 25% 28% 31% 41% 44% 49% 50% 62% 71% 85% 93% 109% 112% 123% 196% 233% 309%

-20%

0%14% 14% 18%

25% 28% 31%

41% 44%49% 50%

62%71%

85%93%

109% 112%123%

196%

233%

309%

-25%

25%

75%

125%

175%

225%

275%

325%

375%

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

Monthly Salary - 22 Nicaraguan Graduates


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MONTHLY SALARIES OVER TIME


Comparing our entire dataset combines too many fields and countries to show meaningful progression over time. However, isolating the 37 students

in two countries who provided salary data at three points in time shows a general trend toward increasing compensation year over year.

SALARY

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Pre-loan Income USD $618 $883 $353 $331 $309 $243 $375 $221 $636 $316 $265 $287 $375 $221 $133

2012 Monthly Income USD $706 $1,325 $353 $596 $353 $353 $552 $287 $699 $618 $442 $663 $729 $398 $331

2013 Monthly Income USD $618 $883 $366 $353 $442 $353 $552 $331 $1,104 $552 $486 $795 $1,104 $663 $773

% Change Pre-2013 0% 0% 4% 7% 43% 45% 47% 50% 74% 75% 83% 177% 194% 200% 483%

0%

100%

200%

300%

400%

500%

600%

$-

$200

$400

$600

$800

$1,000

$1,200

$1,400

Monthly Salary - 15 Paraguayan Graduates

Pre-loan Income USD 2012 Monthly Income USD 2013 Monthly Income USD % Change Pre-2013


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YEAR OVER YEAR ANALYSIS


2009 2010 2012 20132011

Student loan product launched

Student loan product launched

Survey #1

Survey #1

Survey #2

Survey #2

Average Income Grew 77%

Average Income Grew 99%

FUNDACION PARAGUAYA

AFODENIC, NICARAGUA

Average Income Grew 55% Average Income Grew 21%

Average Income Grew 61% Average Income Grew 19%

N=22

N=15


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WHAT DO GRADUATES EARN?


Bolivia Mongolia Nicaragua Paraguay Philippines Vietnam

2009 $307 $1,049

2010 $534 $553 $196

2011 $562 $293 $585 $185 $204

2012 $407 $309 $331 $724 $166 $225

2013 $318 $325 $339 $656 $111 $175

$307

$1,049

$534 $553

$196

$562

$293

$585

$185

$204

$407

$309 $331

$724

$166$225

$318 $325 $339

$656

$111

$175

0

200

400

600

800

1000

1200

Average Monthly Salary for Employed Graduates, USDBy Graduation Year

$374

$51$188

Text in red = national minimum monthly wage in 2013

$141$109

$126


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DID STUDENTS WORKING INTHEIR FIELD OF STUDY EARN

MORE?

The data are inconclusive about whether studentsfinding jobs related to their majors secure higher

salaries. The question itself may also be open to

interpretation as graduates may determine

working in their field more narrowly or more

broadly.

VITTANA IMPACT ASSESSMENT FINAL REPORT 15SALARY

$427.84

$220.72

$359.93

$602.97

$361.03

$257.99

$772.75

$430.65

$141.16 $170.04

$201.86 $199.98

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

$700.00

$800.00

$900.00

13 11 5 2 63 21 31 2 40 8 35 15

In Field-Bolivia Out of Field-Bolivia

In Field-Mongolia

Out of Field-Mongolia

In Field-Nicaragua

Out of Field-Nicaragua

In Field-Paraguay

Out of Field-Paraguay

In Field-Philippines

Out of Field-Philippines

In Field-Vietnam Out of Field-Vietnam

Average Monthly Salary USD


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TYPE OF SCHOOL EFFECTS ON SALARY


We have heard that graduates from technical schools can earn more than university graduates, at least initially. Early datasupports this premise but our data from technical graduates is limited, n = 28

SALARY

$328.86

$369.39

$569.88

$323.91

$144.54 $150.29

$202.69 $196.35

0

0.2

0.4

0.6

0.8

1

1.2

$-

$40.00

$80.00$120.00

$160.00

$200.00

$240.00

$280.00

$320.00

$360.00

$400.00

$440.00

$480.00

$520.00

$560.00

$600.00

80 2 54 3 36 12 39 11

University-Nicaragua

Technical-Nicaragua

University-Paraguay

Technical-Paraguay

University-Philippines

Technical-Philippines

University-Vietnam

Technical-Vietnam

Monthly Average Salary USD


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SALARY INCREASE BY COUNTRY

Average increases by country are impressive.


N= 89

SALARY

138%

97%

56%

106%

93%

0% 20% 40% 60% 80% 100% 120% 140% 160%

22

136

73

12

253

Vietnam

Paraguay

Nicaragua

Bolivia

Total

The Philippines and Mongolia had too few data points to report individually.


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SALARY INCREASE BY COHORT

VITTANA IMPACT ASSESSMENT FINAL REPORT 18SALARY

Although our hypothesis is that salaries willincrease year over year, these data are both

too diverse in terms of field and too sparse todraw any conclusions.

83%

83%

117%

103%

65%

93%

0% 20% 40% 60% 80% 100% 120% 140%

66

87

60

28

12

253

2013

2012

2011

2010

2009

Total


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LENGTH OF TIME TO FIND A JOBN = 311 respondents (Graduates

from Vietnam did not answer this

question.)


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HOW LONG DOES IT TAKE TO FIND A JOB?


5.90

4.64

5.55

4.20

5.154.87

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

13 30 79 129 102 353

2009 2010 2011 2012 2013 Grand Total

# Months to Find a Job

While there is some variation across graduation years, it seems clear that we need to expect graduates to take several

months before finding their first jobs. While 12 students had jobs immediately upon graduation, four took two years and

one even reported three years.

TIME TO EMPLOYMENT


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LENGTH OF TIME TO FIND A

JOB BY COUNTRY

On average, it takes around five months for Vittana

graduates to find a job, but it varies by country.


2.17 2.29

6.79

5.29

2.73

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

24 7 85 146 48

Bolivia Mongolia Nicaragua Paraguay Philippines


TIME TO EMPLOYMENT


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IS IT QUICKER TO FIND A JOB IN YOUR FIELD OFSTUDY?

2.62

1.64

5.38

4.74

2.48

3.88

3.00

0.50

6.91

6.36

5.02

4.24

0

1

2

3

4

5

6

7

8

13 11 127 19 40 8 5 2 63 21 282 76

In Field -Boliva

Out of Field-Bolivia

In Field-Paraguay

Out of Field-Paraguay

In Field-Philippines

Out of Field-Philippines

In Field-Mongolia

Out of Field-Mongolia

In Field-Nicaragua

Out of Field-Nicaragua

Total In Field Total Out ofField



The majority of Vittana graduates in this study found jobs related to their majors. It appears that the students who take jobs intheir field may wait for the right job and therefore take a little more time.

N =26

TIME TO EMPLOYMENT


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HIRING TIME FOR TYPE OF DEGREE


N = 13N = 98

6.88

1.00

5.21

8.86

2.69

3.88

5.12 5.19

0

1

2

3

4

5

6

7

8

9

10

80 2 136 7 36 12 259 22

Univ-Nicaragua Tech-Nicaragua Univ-Paraguay Tech-Paraguay Univ-Philippines Tech-Philippines Univ-Total* Tech-Total*


One of our hypotheses has been that vocational training leads to quicker employment. These data dont support that but the

technical graduate data are too sparse to draw conclusions.

TIME TO EMPLOYMENT *Totals include data from countries with too few data points to report individually


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SAMPLE POPULATION


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RESPONDENTS

Bolivia Mongolia Nicaragua Paraguay Philippines Vietnam TOTAL

Total

Respondents

31 7 109 148 115 65 475

2009 Graduates 16 2 1 192010 Graduates 10 17 9 19

2011 Graduates 3 30 33 6 20 56

2012 Graduates 6 1 39 54 33 23 95

2013 Graduates 25 3 14 42 76 12 102

Univ. Graduates 31 6 109 138 95 53 425

Tech. Graduates 1 4 7 20 12 44



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RESPONDENTS


Bolivia317%

Mongolia7

1%

Nicaragua10923%

Paraguay14831%

Philippines11524%

Vietnam65

14%


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RESPONDENTS

tuition, 44% graduation_fees, 40%

computer, 6%books/materials, 4%

housing, 1%0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0

50

100

150

200

250

No.Respondents

What was your loan used for?



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RESPONDENTS


Average Loan Size: $651Average Loan Term: 19 months

81%

22%

3% 2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

0

50

100

150

200

250

300

Student makes loan payments Parents make loan payments Sibling make loan payments Other family make loan payments

Who Makes Loan Payments

Note: There were no respondents from the Philippines or Vietnam to this question.

Documents

Vittana Impact Assessment Slides 31 Jan 2014