The number of tertiary education graduates in the US reached 4.6678 million persons in 2023. Over the past two years, there has been a consistent year-on-year variation with a 2.03% increase in 2022 and a 1.95% increase in 2023. The compound annual growth rate (CAGR) has gradually decreased over the last decade, standing at 2.12% in 2023.
In the upcoming years, forecasts predict a continued increase in the number of graduates, with the CAGR expected to be around 1.36% over the next five years, reaching 5.0877 million persons by 2028. This translates to a total growth rate of 6.99% from 2023 to 2028.
Future trends to watch for include the impact of remote and hybrid education models on graduation rates, demographic shifts, and potential changes in economic conditions that could affect enrollment and completion rates in tertiary education. Additionally, the evolving job market dynamics may lead to changing patterns in higher education demand and specialization.
