"40% of undergraduate students work in a non-conforming job with the study profession they acquired"

According to a study published by the Bank of Israel, 14% of the bachelor's degree holders are more educated than necessary. The Bank of Israel refers to surplus education when a person's formal education is higher than he is required to do his job. The way to check this is by comparing his number of school years to the average school year in that occupation.
The study, conducted by Noam Sussman, Idan Lippiner and Dror Rosenfeld of the Bank of Israel's research division, also found that about 40% of undergraduate students work in a non-conforming job with the study profession they acquired. Naturally in non-professional fields of study such as sociology, social sciences, earth sciences, humanities, etc. The probability of education is higher than in law, accounting and engineering.
A comparison of the OECD, which examined the issue with different definitions, shows that in Israel, 32% are employed in education, while the average is 22%. On the other hand, while the average in the OECD countries of workers employed in occupations that do not match the teaching profession is 40% in Israel, this rate is 36%.
The study found that among the graduates of public colleges, 18.9% (as of 2008) had an over-education. In contrast, among the graduates of private colleges, 12.3% have a higher education. Among the graduates of elite universities (TA, Hebrew, the Technion and the Weizmann Institute), only 10.9% of those with a higher education compared to 17.3% of graduates with a further education.
The education surplus has a public price - since the school years are also financed in large part by the state as well as those years where the students do not exhaust their earning capacity, but this also has a cost for the employees who "wasted" those years. The analysis by the researchers found that those with an excess education earn an average annual salary of 17% compared to those with an "adequate" education (according to the examination examined by adults aged 23-37).
When it comes to discrepancies between the work and the profession studied, the highest rate is actually found among university graduates who are not defined as elite universities, with 46.5% having a discrepancy between the field of study and their field of employment. The rate for public college graduates was 42.7%, private college graduates 27.1%, and elite college 34%. When comparing the Arab population to the Jewish population, this figure is on average significantly lower among the Arab population (30.7% versus 41.5%). According to an analysis by the Bank of Israel, workers who do not fit in their field of study with their work earn 5-6% less than employees who "fit" between their studies and their work.
The Bank of Israel notes that the accelerated expansion of colleges since the 1990s, which has contributed to a significant increase in the number of higher education in Israel, could have intensified the same problems found and hurt the economy, the employer and of course the employees themselves.