Have you heard about the RI brain drain? If not let me start by telling you that the latest numbers say its becoming a lie. The brain drain theory isn't new to this state and it can pretty much be summed up by saying that we have a lot of higher education institutions in our little state but not a whole lot of graduates applying for our jobs. Why? Well simply put the reason is that graduates leave the state after graduation because they feel the opportunities for work are greater elsewhere.
The brain drain wasn't always a borderline lie though, in fact this is the first year on record that the numbers speak differently. The new data suggests that graduates have warmed up to our quaint little state and 1 out of 3 are sticking around after graduation. Obviously in a perfect world we could have 3 out 3 of our graduates, but 1 in 3 is far better than college officials and business leaders previously believed. Of our native Rhode Islanders, we keep about 59% of them, but only 18% of our out of state kids stay. Where did this juicy information come from? It was commissioned by the Greater Providence Chamber of Commerce. They surveyed 11 public and private higher education institutions and spoke with not only graduates from 2006-2007, but also over 9,000 2010-2011 grads. Of the graduates who left the state, only 42% believe the job prospects were better elsewhere. Of the pending grads, the study found that only 19% were planning to stay in RI after graduation day unless they could find summer work. Interesting statistics.
The state hopes to follow in the tracks of Philadelphia who managed to boost its graduate retention rate to an impressive 86%. The present goal is boost our rate from our current 34% overall, to 40% by 2015. The state plans to do this by utilizing the information the study revealed which is that the more "touches" undergraduates have with the community and the workforce the more likely they are to stick around. Perhaps all this is something to keep in mind next time a soon to be graduate comes knocking at your door.