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economic output


Human Capital


Alumni

According to Binghamton University's Office Alumni Relations, more than 90,000 Binghamton University alumni live throughout the United States; 53,802 of these (or 61%) still live within New York state.x

 

Table 5. Binghamton University Alumni in the United States
   
US Region
Alumni
New York State 53,802
Intermountain West
(CO, AZ, NV, NM, UT, ID, MT, WY)
1,993
North-Eastern
(NJ, PA, MA, CT, NH, VT, ME, RI)
14,262
Pacific
(CA, WA, OR, HI, AK)
4,948
South-Southeastern
(FL, VA, NC, TX, GA, SC, TN, KY, AL, LA,
WV, AR, MS)
10,295
Mid-West
(OH, MI, MN, IN, WI, MO, KS, IA, OK, NE,
SD, ND)
2,409


Table 6 below contains a further breakdown of alumni who remain in New York state by region. Binghamton University alumni live and work in every part of the state.

Table 6. Location of Binghamton University Alumni Living in New York Statexi
     
New York State Region Number of Alumni Percentage
Capital 2,371 4.4%
Central New York 2,065 3.8%
Finger Lakes 1,644 3.1%
Southern Tier 12,630 23.5%
Mohawk Valley 913 1.7%
Long Island 10,557 19.6%
New York City 13,991 26.0%
Western New York 1,052 2.0%
North Country 311 0.6%
Mid-Hudson 8,268 15.4%
Total/Percentage 53,802 100.00%

 

These results demonstrate that Binghamton University students, the majority of whom come from New York state when they begin their collegiate study, return to New York after graduation, are gainfully employed, pay taxes, and otherwise contribute to the New York economy. We estimate that the 53,802 alumni whom we are able to identify as living and working in New York State earn in aggregate over $2 billion and pay over $100 million in state sales and state income taxes each year.xii

In addition, when we observe where out-of-state alumni came from and then compare those same alumni to where they are after they graduated, we find that 18.6% of students who came from out of state moved to New York state after graduation. This all suggests that about one-fifth of Binghamton University alumni who come from out of state move to New York state, bringing with them higher incomes (than if they had stayed in high school) and thus more tax revenue to local governments and the state.xiii


Community Impact

Binghamton University encourages its students to participate in volunteer and internship opportunities in the local region. Several units within the University strongly encourage or require students to participate in community service, clinical experiences, or practica. Last year, we estimate that student volunteer, clinical, and practicum experiences accounted for over $5.9 million in value to the Broome and Tioga county communities last year.

Table 7. Value of Binghamton University Volunteer, Practicum,
and Clinical Presence, July 1, 2010 to June 30, 2011xiv
         
  Number of
Students
Participating
Number of
Hours
Hourly Rate Value
Undergraduate
Internships
422 120 $17.55 $888,732
Undergraduate
Clinical Experiences
924 100 $25.00 $2,310,000
Graduate Clinical,
Practicum, and
Internship Experiences
339 120 $25.00 $1,017,000
Service Learning
Volunteers
4,893 20 $17.55 $1,717,320
Totals 6,578     $5,933,052

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Last Updated: 7/22/13