WCC_PSEIS_Business_MainReport

12 Chapter 1: Introduction Business program The Business program can lead students into a number of occupations such as accountants and auditors; market research analysts and marketing specialists; secretaries and administrative assistants; business operations specialists; and real estate sales agents.6 The 46 mapped occupations supported 94,227 jobs across all educational levels in the Westchester County economy in 2022. Over the next 10 years, these jobs are expected to grow 6.7% (Figure 1.2). In 2022, there were 5,674 job openings within the mapped occupations at the associate degree level and below. The 5,674 job openings are in part being filled by the 339 SUNY WCC’s Business program completers, as well as the 397 completers from other institutions in the region. Subtracting this supply of human capital from the 5,674 annual openings, we arrive at 5,296 job openings, or a gap of 5,296.8 This means there is not enough supply of trained workers in Westchester County to meet the need of regional employers. 6 See Appendix 1 for a list of mapped occupations with their corresponding Standard Occupational Classification (SOC) codes. 7 Program completions at the associate and below degree level from other institutions in Westchester County are reflective of FY 2020-21 and were reported to the IPEDS survey for the same CIP codes that represent SUNY WCC’s program in question. 8 Note that in the total headcount of regional program completers, non-credit or non-degree completions of other regional institutions are not included due to data limitations. Thus, the estimated gap of job openings may be overstated if other educational institutions offer similar workforce or professional development courses in Westchester County. Career outlook Figure 1.2: Projected job growth in Westchester County of Business program mapped occupations Source: Lightcast Projected jobs Year 87 + 88 + 89 + 90 + 91 + 92 + 93 + 94 + 94 + 94 + 95 75,000 60,000 45,000 30,000 15,000 0 90,000 105,000 2025 2024 2023 2022 2027 2030 2029 2028 2026 2031 2032

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