1. The degree is losing value. Over 63 percent of Gen-Y workers have a degree, but the most common jobs they do, does not necessarily require one. The Gen-Y is also more likely to hold positions as clothing sales reps, mobile phone sales reps, and retail floor workers than other generations.

2. The "best" companies -- which report the highest levels of job satisfaction, meaningfulness and flexibility, are in tech firms like Qualcomm, Google and Medtronic.

3. The most commonly reported job skills by Gen-Y focus on marketing and social media. In the U.S., the most common self-reported skills were Tableau Software proficiency, blogging, SEO, press writing and PCR analysis.

Katie Bardaro, lead economist for PayScale said, “Millennial are arming themselves with skills and educational training focused in technology and social media, two areas with great growth potential. However, the shaky economy has forced many of them into a world of underemployment nonetheless.”