Graduating Business Student Employment Survey Report

Transcription

1 California State University, Sacramento College of Business Administration Report Prepared by: Bonnie Burnell, Director Business Student Services August 2008 Graduating Business Student Employment Survey Report Undergraduate Students

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3 Graduating Student Employment Survey Report Graduates Graduates In the semester, over 600 students graduated with a degree in Business Administration. We surveyed 531 these students utilizing an online web based survey. We asked specific questions regarding their experience in the College of Business Administration, plans for after graduation, employment status, graduate school plans and internship experiences. Of those surveyed, we received a 35% response rate. Highlights from the survey tell us that: More than half graduated with concentrations in Finance, Accountancy and Marketing. Nearly 70% of our students are transfer students. The majority of our graduates believe their business degree prepared them for a professional job in the business community upon graduation. More than half of our students graduated with a GPA above 3.0, but the majority are not involved in student organizations. 96% indicate a very high satisfaction level with the CBA and 92% report very high satisfaction with their chosen concentration(s) within the business major. 89% report having 1 or more job offers within one year of graduation with over half receiving multiple [2 9 offers] The majority of our graduates who begin career level employment within a year of graduating have a starting salary between $30k and $50k and about 1/3 also earn commissions and/or bonuses. 90% stay in California to work and of those, 58% stay in Sacramento. Over 60% indicate plans to attend graduate school and of those 85% would consider Sac State CBA for graduate school. Over 70% report that they did not complete an internship prior to graduation. The following pages provide a full summary of the survey responses.

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5 Graduating Student Employment Survey Report Graduates Table of Contents Table of Contents Slide Title Slide # Distribution of Concentrations 4 Status at Time of Enrollment 5 Preparedness for Professional Career 6 GPAs 7 Overall Satisfaction with the CBA 8 Satisfaction with Chosen Concentration(s) 10 Involvement in Student Organizations 12 Plans After Graduation 13 Job Offers 14 New Job(s) After Graduation 15 Job Relation to Concentration(s) 16 Timing of Job Acceptance 17 Annual Starting Salary 18 Commissions and/or Bonuses 19 Industry Type of New Jobs 20 How New Jobs Were Found 21 Location of Employer 22 Job Titles of Graduates Employed Full Time 23 Graduate School Plans 24 Graduate School Level 25 Sac State MBA 26 Grad School of Choice 27 Grad School Program of Study 28 Internships 29 Comparison of Performance: All Grads : Internships & Involvement 30

6 4 What was your concentration? Distribution of Concentrations HRM/OB 6% AIS OPM 1% 2% Int l Bus 4% ENTP 1% ACCY 19% MIS 6% RELU 7% RM/INS 7% FIN 19% GenMgmt 13% MKTG 15% Of students who graduated in the semester, the majority were evenly divided between Accountancy (19%) and Finance (19%). The Entrepreneurship concentration did not begin until the Fall 2006 semester and is therefore has low numbers of graduates in this semester.

7 5 Did you come to Sac State a First Time Freshman, Transfer Student or to pursue a 2 nd Bachelors? Status at Time of Enrollment First time Freshman 31% 2nd Bachelors 0% Transfer Student 69% This chart illustrates the enrollment status of Business Students. The majority of students in the College of Business Administration are transfer students.

8 6 How much do you agree with the following statement: Perception of Preparedness for Professional Career 5% 3% Overall, my 5% education at the 6% Strongly Agree College of Business 44% Somewhat Agree Administration Very Strongly Agree prepared me for a Not Sure professional job in Somewhat Disagree the community Stronly Disagree upon graduation? 36% Very Strongly Disagree 1% 86% of the graduates agreed in varying degrees that their education had prepared them well for a professional career upon graduation.

9 7 GPAs of Grads What was your grade point average when you graduated? % Graduating w/ Academic honors % 4% % above Of students who graduated in the semester, half achieved a grade point average of 3.0 or higher with 13% graduating with honors. In the graduating class, no students reported GPAs of 4.00

10 8 Would you recommend the CBA to a prospective student? Overall Satisfaction with the CBA 4% Yes No 96% Of the 4% who stated they would not recommend the CBA to a prospective student, their comments are listed on the next page.

11 Comments from the 4% who said they would not recommend the CBA to a prospective student During school, I felt unchallenged and just drifted through all of my classes. I learned new skills with each class, but it wasn't until my job search that I realized that I did not acquire the necessary skills needed to obtain a job in the investment industry. I don't believe CBA is the best for working students. In my experience, the instructors/ professors and staff at CBA and Sac State did not even attempt to work with my schedule. There are better university alternatives for non traditional students seeking to return to college. If the prospective student did not have a full time job, I would tell them the CBA would provide a satisfactory education. If they just wanted a cookie cutter degree that was easy to get, I would recommend the CBA program. It seems that often no one cares to help a business student until their junior year. I feel that there should be mandatory counseling sessions for all business students once per semester to answer their questions and point them in the right path. The current appointment routine is ineffective and does not allow everyone to schedule an appointment when they need to. Possibly an online system would be best. It seems that once you start looking for a job, having a degree in business is not very helpful at all. I would recommend a more specialized field of study. Required classes do not teach practical application. Too many students enrolled and not enough time dedicated each one. Your program is not well structured compared to other top rated schools.

12 10 Would you recommend your concentration to a prospective student? Satisfaction if i with ihchosen concentration(s) No 8% Yes 92% Of the 9% who stated they would not recommend their concentration to a prospective student, their comments are listed on the next page.

13 Comments from the 8% who said they would not recommend their concentration to a prospective student All the good classes are impacted so you're left with taking courses that are boring and irrelevant just to get out. As a night student I did not feel that I had the same caliber of instructors as the day students. My instructors seemed more interested in receiving high evaluation scores rather than teaching. I watched dozens of students pass classes just based on extra credit. As I am looking for work I am finding that there is more opportunities for people with a more focused education. I feel I should and had a minor as well in another area, so my choices would not be so limited. Because after graduation employers are not impressed with a marketing degree even though you have taken advanced business courses to attain that degree they want something more professional like finance or accounting. Because it is very hard to find a job after you graduate. I learned many useful skills to manage my own finances, but I did not learn any practical skills for the financial/investment industry such as: financial modeling, valuation, in depth financial statement analysis, in dept research techniques and/or tools. I think if I was going to be a business major again I would have chosen finance or accounting. Finance and accounting lend themselves to more opportunities after graduation. I like my concentration but it was very broad. I would advise a prospective student if they wanted to seek employment in the Sacramento area, Accounting would be a better concentration of business. Positions that desire a Finance concentration are in short supply in the Sacramento area. I would recommend a more practical and useful concentration first such as accounting, finance, MIS. However I would recommend Marketing as the next best thing, far above Gen Management, Int'l Business, etc. Marketing, as far as I can tell, only gets you in the door for mostly sales positions. If a student wanted to go into marketing but didn't want to do sales to start with, I would recommend they either do an additional concentration or change majors. The current job market in Sacramento for entry level Marketing majors is so saturated in my experiences. Some teachers did not teach me well. Students need to know what want or dream so that they can follow the appropriate steps The name of the concentration is to broad and it does not give the employer any direction on my preparation. It is almost like stating the you studied liberal arts. Unless you work in sales after graduation there are not many jobs available right now.

14 12 Involvement Were you involved in any student organizations on campus while you were a student? Yes 39% No 61% More than half of business students did not participate in Student Organizations.

15 13 What are your plans for your immediate future? [within the first year after graduation] 18% Plans for After Graduation 1% 1% 1%1% 3% 2% 49% 24% Other plans included: Entrepreneurship Fully employed and attending UCLA EMBA program. I am currently employed full time but I am in search of a better job that will lead me to a career Learn another concentration Open a business Seek a part time time so I can build my business Continue or begin full time career employment I am currently emplyed full time and I also plan to attend graduate school Seek full time employment [Look for full time job] Other Continue or begin graduate school education Apply for/seek out graduate school Seek part time employment [look for part time job] Self employed Skipped Question Nearly half of the graduates planned to continue or begin full time employment. An additional 24% stated they are currently employed but also plan to attend graduate school.

16 14 Job Offers How many job offers did you receive within the year you graduated? Four 5% Five 4% Seven en 1% Nine 1% Six 1% Eight+ 0% Other 7% One 31% Already employed 8% Three 17% Two 25% Of those who responded to the question, 89% of graduating seniors received jobs offers upon graduation with over half [54%] receiving multiple [2 or more] job offers.

17 15 Is this job new since you graduated? [i.e. you did not work in this job with this company while you were a student.] No 30% New Jobs After Graduation Other 6% Promoted within company 0% Other Responses Included: I applied and was hired for a management job with the same company. I have over 30 years with the state working as a manager of an accounting unit. I held an internship with the company during my last semester. I worked at this company prior to attending Sacramento State. Yes 64% I worked for the company as an engineering tech and I got a promotion as a financial analyst once I graduated. It is the same job I had before graduating and I have decided not to take another job until I complete my MBA because this job is really flexible with my schedule and needs for school. Of the students who were employed full time upon graduation, 64% were in a new position after completing their degree. Yes, but only because I moved. Otherwise, it would have been the same job that I had while at Sac State.

18 16 How closely is this position related to your concentration(s) ti in the business major? Job Relation to Concentration(s) () Not related at all 13% Somewhat closely related 26% Very closely related 61% Of those in a new job upon graduation, more than half [61%] are in positions very closely related to their concentration in business administration.

19 17 Timing of Job Acceptance When did you accept this job? After graduation 52% Before graduation 48% Of the graduates with new jobs upon graduation, slightly more found their jobs after graduation.

20 18 What is/was your starting annual salary? Annual Starting Salary Of those students starting a new full time job upon graduation, the majority stated an annual salary between $30k $50k.

21 19 Commissions and/or Bonuses? Did you earn commissions and/or bonuses? Yes 35% No 65% More than half of graduates report that they do not earn bonuses or commissions in addition to their annual salary.

22 How would you describe the industry type of your new job? 20 Other* Accounting Finance Real Esate/Land Use Risk management/insurance Operations Management Government/State Retail Health Care Marketing General Management Management Information Systems Education Sales Construction Utilities Human Resources Entrepreneurship International Business Accounting Information Systems *Other industries include: Administrative/clerical Auditing Automotive repair Banking Boating/Water Sports Child Development Civic Consumer Relations Customer Service Energy Sector Environmental Agency Health Club Health Services Journalism Law Enforcement Leisure Services Logistics Manufacturing Medical Device National Defense Plastic distribution Special events Tax Technology/Services Telecommunications Veterinary Medicine

23 21 How did you find your job? Job Search Methods Other methods of job search included: Beta Alpha Psi 0 Campus Point Craig's i ' List CSUS Foundation I used to work for this employer before I moved to Sac for school came back in a higher up position. Insurance Night Lecture On Campus Joined ROTC Rehired after graduation from Sac State The majority of business graduates report that they found their job through personal networking over any other type of job search. Started it myself Work as a student assistant

24 Where is Your Employer Located? 22 In/Out of State for post graduation employment Locations where graduates are working outside of CA Abu Dhabi, UAE Boise, ID Out of CA 9% 9% 9% 9% 9% 9% 9% Faribault, MN Minneapolis, MN Nationwide Omaha, NE In CA 91% 9% 9% 19% 9% Pensacola, FL Portland, OR Redmond, WA Washington D.C. 2% 2% 2% 1% 1% 1% Locations of Employment in CA 3% 3% 4% 3% Sacramento Rancho Cordova Roseville/Rocklin Hercules, Concord, Walnut Creek, Benicia, Vacaville San Francisco 4% San Mateo, Redwood City, Menlo Park, Mountain View Hayward, Pleasanton, Livermore, San Ramon 7% 58% Stockton San Diego Area Yuba City/Woodland 9% Auburn, Citrus Heights South Lake Tahoe Santa Barbara Rohnert park

25 Job Titles of Graduates Employed Full Time Within One Year of Graduation 23 2nd Lieutenant in the U.S. Army Ability Analyst Account Manager Accountant Accountant I Accountant Trainee Accounting Manager Administrative Analyst Administrative Assistant Associate IT Analyst Associate Programmer Analyst Audit Associate Audit Rep Auditor Benefit Program Specialist Beverage Sales rep. Bookseller Budget Analyst Business Analyst Buyer Campaign Execution Commercial Real Estate Broker Community Center Attendant Consultant Controller Credit Analyst Customer and Community Relations Manager Customer service Desktop Support Analyst Development Manager Director of Market Research Director of Marketing Enforcement Officer / Crime Analyst Escrow Officer Executive Team Leader Financial Advisor Financial Analyst Financial and Performance Evaluator 1 Financial Planner Financial Representative Financial Sales Assistant Financial Service Officer Trainee Front Desk agent Fund Accountant 1 Graphic Designer Health Programs Auditor Home Integration Specialist Human Resources Coordinator Human Resources Generalist Human Resources Technician Inside sales Insurance adjuster IT Professional Leadership Development Program Associate Loan Officer Management Auditor Management Trainee Product Management in Banking Manager of Track Maintenance Manager Trainee Marketing and Lead Specialist Marketing Assistant Marketing Consultant/Assistant Marketing Coordinator Mortgage Underwriter Mutual Fund Accountant Office Assistant Office Manager Office Technician Orthopedic Reconstruction Sales Consultant Owner Pro shop manager/sales associate Product Associate Program Technician Programmer Purchasing Agent Purchasing Manager Real Estate Analyst Recycling Specialist Regional Accountant Sales and Marketing specialist Sales Associate Sales Operations Analyst Sales Support Representative Senior Accounting Analyst Senior Audit Assistant Sr. New Business Representative Staff Accountant Staff Auditor Staff Services Analyst Stock Analyst Stockbroker Trainee Student Assistant Subdivision Consultant Supervisor Tax Auditor Treasury Program Analyst Underwriter US Marketing Coordinator Veterinary Technician

26 24 Graduate School Plans Please tell us about your plans for attending graduate school. 8% 5% 2% 21% 64% I plan to attend but not immediately, I have not applied yet I do not plan to attend graduate school I plan to attend immediately, I have applied, been admitted and am enrolled, or will enroll soon Undecided at this time Other More than half of graduates plan to attend graduate school: 64% plan to but have not applied and 8% had applied/been admitted at the time of this survey.

27 25 What level of graduate school do you plan to attend? What level l of graduate school do you plan to attend? 2% 2% 7% Master's Degree Program Law Degree Doctorate t Degree Program 89% Other Of those who plan to attend graduate school, 89% plan to pursue a Master s Degree.

28 26 Would you consider the Sacramento State t MBA or other graduate program as an option? Sacramento State CBA for Graduate Education in Business No 15% Yes 85% 85% indicate they would consider the CBA for a graduate school.

29 27 What graduate school do you plan to attend? Grad School Choice Sacramento State Undecided Sac State or another School USC USF University of the Pacific UC Davis Cal State East Bay Another CSU Sac State and McGeorge Walden University UC Berkeley Santa Clara University School of Law San Francisco State San Diego Penn State Not Sac State Golden Gate Boise State University When asked what graduate school they will attend, those who plan to or have applied/been admitted, the majority of responses are divided between Sac State and being undecided at the time of the survey.

30 28 MBA What program of study do you plan to pursue in graduate school? Accounting [Accy, Audit, or Tax] Finance Undecided MIS or IT Management Juris Doctor Public Policy/Admin or MBA Marketing Entrepreneurship Criminal Justice Human Resources / Juris Doctorate Psychology or Business Finance History, Government Urban Planning or Sports Marketing Pharmacy MBA/JD Real Estate Development Communications Of those who plan to pursue graduate school, most plan to obtain an MBA or pursue a graduate degree in the areas of Accountancy [Audit and Tax are included].

31 29 Did you complete an internship or co op while you were a student? [with or without academic credit] Yes 19% Internships No 81% Overwhelmingly, 81% of graduates report that they did not complete an internship while in school. Of those who did [19%], the majority completed only one internship and of those, 90% were paid experiences and the student also received academic credit.

32 Comparison between all graduates and those who completed an internship and were involved in student organizations Although only 19% of graduates reported that they completed an internship while pursuing their degree in business, and only 39% were involved in student organizations, there are some differences between these students and the entire graduating class. Most notable are stronger GPA s, higher rates of overall satisfaction and higher rates of employment and starting salaries. 30 Occurrences of higher rates of performance is indicated in bold. GPA All Grads Completed an Internship Involved in Student Organizations : 9 4.0% 3.0% 7.0% : : : 44.0% 39.0% 13.0% 30.3% 57.6% 9.1% 39.4% 35.2% 18.3% Agree that CBA education prepared them for professional job in business: Very Strongly Agree: 60% 6.0% 61% 6.1% 42% 4.2% Strongly Agree: Somewhat Agree: 44.0% 35.7% 36.4% 51.5% 46.5% 38.0% Involved in student organizations: 39.0% 48.5% N/A Recommend concentration, Yes: 92.0% 100.0% 95.8% Recommend CBA, Yes: 96.0% 90.9% 97.2% Continue/Beginfull time employment: 49.0% 45.5% 53.5% Received 1 or more job offers within 1 year of graduation: 89.0% 99.2% 89.1% New job very closely related to concentration: 61.0% 59.3% 67.4% Accepted job BEFORE graduation: 48.0% 48.1% 54.3% Starting Salary: $30k 39k $40k 49k $30k 39k Highest salary earned by most students:

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