Wasserman Center for Career Development LIFE BEYOND THE SQUARE

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1 Wasserman Center for Career Development LIFE BEYOND THE SQUARE CLASS OF 2014

2 TABLE OF CONTENTS 3 EXECUTIVE SUMMARY 4 INTRODUCTION AND OVERVIEW Methodology Knowledge Rate Missing Values/Rounding Demographics 4 CAREER PREPARATION Internships and Part-time Jobs Utilizing Wasserman Center for Career Development 5 EMPLOYMENT Placement Rates Securing Employment Where NYU Graduates Work Number of Job Offers Career Choice Salary/Bonus 11 POST-GRADUATION EDUCATION 13 CONCLUSION Life Beyond The Square: Class of

3 EXECUTIVE SUMMARY» The New York University Wasserman Center for Career Development conducted its annual Life Beyond the Square survey of baccalaureate graduates (which encompasses those that graduated in Summer 2013, Fall 2013, and Spring 2014) over a 6-month period. This timetable is consistent with the National Association of Colleges and Employers' (NACE) First Destination Survey s revised Standards and Protocols. The following represents the major findings for the graduating class of 2014.» 94.7% of respondents were either employed or enrolled in a graduate or professional school program at the time of the survey. Of these respondents, 85.3% were working, 11.4% were in graduate or professional school, and 3.3% reported both working and attending school. This career outcomes rate was slightly above that of the Class of 2013, which was 94.0%.» The overall mean annual salary for 2014 respondents was $55,647 up from last year s mean of $53,350. Top average starting salaries by industry were: Nursing $75,469, Financial Services $68,843, Consulting $66,135, and Computer Science/Technology $65,089.» Respondents enrolled in graduate and professional schools represented over 50 programs and disciplines, with historically consistent enrollment patterns among the top disciplines. The top 5 were: Medicine 17%, Law 14%, Education 11%, Engineering 6%, Fine Arts 4.5%, and Public Administration / Health 4%. The first three fields are consistent with historical data and trends. Engineering is now a top 5 field, likely due to the addition of the NYU Polytechnic School of Engineering to our report.» 90.0% of respondents utilized the resources of the Wasserman Center for Career Development while at NYU. This is an increase from last year s rate of 86.5%.» According to employed respondents, 58.9% indicated that they obtained their position directly through an NYU or Wasserman-related resource. This is an increase from last year s rate of 45.8%. Additionally, 29.1% of respondents received a full-time job offer from the organization where they were completing an internship or previous role. This increased by 13.9% since last year. This conversion from intern to fulltime hire is consistent with the national trend of employers utilizing internships as a way of identifying top talent, who can then be converted to full-time hires upon graduation. This trend is especially true for the following industries: Entertainment/Media, Financial Services, Communications, Nonprofit/Social Services, and Education.» 97.1% of the students who indicated they held a part-time job or internship credited the internship with supporting their career development.» 77.3% of the respondents secured their jobs by or within 3 months of graduation.» 48.5% of respondents received 2 or more job offers, which is an increase of 2.6% from the Class of 2013.» The Northeast remained the top destination for employment, with just over 87% employed in the tristate (NY, NJ, CT) area, with the vast majority of those working in New York City. Outside of the Northeast, California was the most popular state for employment (5.31%). Respondents reported working in 36 countries, with China, the United Kingdom, and South Korea as the top three global locations.» Respondents reported employment across 34 industries. The top 5 include: Financial Services at 13%, Entertainment/Media at 13%, Education/Teaching at 8%, Nursing at 6%, and Computer Science / Technology at 5%.» After utilizing , phone and industry standard professional networking sites to ascertain postgraduation status, information was collected from 4,375 graduates out of the 5,729 who graduated from Summer 2013 through Spring 2014 (per the Registrar) which yielded a robust 76.4% knowledge rate, which was 2% higher than the knowledge rate for the Class of Life Beyond The Square: Class of

4 INTRODUCTION For over a decade, the Wasserman Center for Career Development has conducted the annual Life Beyond the Square survey to detail the post-baccalaureate outcomes of NYU undergraduates. The data collected are used to determine mean annual salaries and the most popular choices for both employment and graduate or professional school enrollment. They are also used to measure the impact of the NYU Wasserman Center on the student body it serves. The survey is routinely conducted over a 6-month period following graduation a timetable that is consistent with the National Association of Colleges and Employers' (NACE) First Destination Survey Standards and Protocols. OVERVIEW METHODOLOGY The target population consisted solely of individuals who, based on the Registrar s official records, received a Bachelor s degree in either Summer 2013, Fall 2013, and Spring 2014 from the following schools: the College of Arts and Science, Faculty of Arts and Science, the Leonard N. Stern School of Business, the NYU Polytechnic School of Engineering (Officially Part of New York University as of January 1 st, 2014), the Steinhardt School of Culture, Education, and Human Development, the Silver School of Social Work, the Tisch School of the Arts, the Gallatin School of Individualized Study, the School of Professional Studies, and the College of Nursing. The purpose of this survey is to collect employment and graduate/professional school information for each of the graduates. Based on how individual questions were answered, the respondents could have been asked an upper limit of 20 questions. Completion of an individual survey should have taken 3-5 minutes. Graduates were first sent a link to an online survey via . After several reminders were sent, graduates who had not responded were called up to three times by phone interviewers. For those who did not respond to either the repeated or phone inquiries, NACE-approved professional networking sites such as LinkedIn were utilized to determine post-graduation status. KNOWLEDGE RATE The term knowledge rate is consistent with the National Association of Colleges and Employers' (NACE) First Destination Survey Standards and Protocols as it defines the percent of graduates for which the institution has reasonable and verifiable information concerning the graduates post-graduation career activities. This information can come from survey responses, employers, faculty or professional networking sites like LinkedIn. In order to ensure a high survey knowledge rate, the Wasserman Center offered recent graduates an incentive: inclusion in a drawing for a prize if the student completed the survey by a certain date. After data cleaning (removal of duplicates) and the additional outreach and research measures discussed above, information on 4,375 graduates was analyzed. The list of graduates supplied by the Registrar contained records for 5,729 individuals. Thus, the final knowledge rate was 76.4% (about 2% higher than the Class of 2013). MISSING VALUES/ROUNDING Throughout the analyses, missing values (i.e., questions that the respondents did not answer) were omitted, as were Unsure responses. As illustrated in several charts, the total percentage does not equal 100% due to rounding in these cases, the exact percentages will be shown in the notes section. Additionally, Institutional Research Board (IRB) guidelines prohibit us from requiring respondents to answer all questions, so the number of responses to each question varies. Life Beyond The Square: Class of

5 DEMOGRAPHICS The students included in our report provide a fairly accurate representation of the makeup of NYU s Class of 2014, which was comparable to the Class of All demographic information was provided by the registrar. Responses By Gender Report Sample Overall Population Female 58.7% 58.1% Male 40.8% 41.3% No Information 0.6% 0.6% Responses By Country of Origin Report Sample Overall Population Domestic 81.8% 80.0% International 9.4% 11.0% No Information 8.9% 9.0% Responses By Ethnicity Report Overall Population Sample American Indian/Alaskan Native 0.3% 0.2% Asian 25.1% 24.5% Black 4.2% 4.3% Hispanic 10.0% 10.1% Native Hawaiian/Other Pacific Islander 0.1% 0.1% Multi-Racial 3.7% 3.7% White 46.9% 47.1% No Information 9.8% 10.0% CAREER PREPARATION INTERNSHIPS AND PART-TIME JOBS 81.4% of respondents reported holding part-time jobs and internships during their tenure as an undergraduate.. Of this group of students, 94.7% were employed or enrolled in graduate school. In contrast, of students who reported that they did not have an internship or part-time job, 87.4% were employed or enrolled in graduate school. Part-time jobs and internships are seen as an effective way to gain the practical experience needed to secure a job after graduation, and they also help to offset college-related expenses. This year, we added several new questions to the survey about internships to find out more about student internship learning outcomes. 97.1% of the students who indicated they held a part-time job or internship credited the internship with supporting their career development. The most common benefits of internships were developing transferable skills and gaining experience in one s area of interest. Life Beyond The Square: Class of

6 UTILIZING WASSERMAN CENTER FOR CAREER DEVELOPMENT 90.0% of respondents used Wasserman Center resources to support their career development. This is an increase from last year s rate of 86.5%. Wasserman Center Use By School School Percentage College of Arts and Science 90.9% College of Nursing 86.9% Faculty of Arts and Science (Liberal Studies) 84.2% Gallatin School of Individualized Study 89.7% Leonard N. Stern School of Business 97.4% Polytechnic School of Engineering 83.6% School of Professional Studies 83.2% Silver School of Social Work 76.9% Steinhardt School of Culture, Education, and Human Development 87.9% Tisch School of the Arts % 1 Note: TSOA students also utilize the Tisch Office of Career Development. EMPLOYMENT CAREER OUTCOMES RATE The career outcomes rate (also referred to as the placement rate) is defined by the ratio of respondents reporting that they held some type of job (full-time or part-time) and/or were enrolled in school (full-time or part-time) to the total number of respondents reporting that they found a job and/or were enrolled in school or were currently looking for a job. The placement rate for the Class of 2014 respondents is 94.7%, which is an increase from 94.0% from the Class of Career Outcomes Rate By School School Percentage College of Arts and Science 94.79% College of Nursing* 88.09% Faculty of Arts and Science (Liberal Studies) 97.73% Gallatin School of Individualized Study 93.46% Leonard N. Stern School of Business 98.21% Polytechnic School of Engineering 92.78% School of Professional Studies 96.28% Silver School of Social Work 91.30% Steinhardt School of Culture, Education, and Human Development 95.38% Tisch School of the Arts 95.52% * Although the overall job outlook for bachelor s level nurses remains quite strong, nursing has historically had a lower placement rate in this report due to the timing of the nursing board exams (NCLEX). These board exam results, upon which placement often depends, become available several months into the Life Beyond the Square data-collection period. Thus, nursing graduates start their job search significantly later than graduates in other schools. This year s nursing results are actually higher than the 2013 rate of 85.1%. Note: A small percentage of respondents were not seeking full-time employment and thus were removed from the career outcomes calculations. Life Beyond The Square: Class of

7 SECURING EMPLOYMENT 85.3% of respondents reported that they were working, 11.4% were in school, and 3.3% were both working and in school. This year, the percentage of students who reported going to school immediately after graduation slightly increased (it was 10.7% for the Class of 2013) and the percentage who are working and in school slightly decreased (it was 4.6% for the Class of 2013). PLACEMENT BY TYPE Working and In School 3.3% In School 11.4% Working 85.3% Of the respondents who reported some type of job/school placement, 58.9% indicated that they obtained their position directly through an NYU or Wasserman-related resource. These Wasserman resources include NYU CareerNet, On-Campus Recruitment, Career Fairs, NYU staff members, employer presentations, NYU events, NYU career s, online mentor databases, and internship or role promotions. This is an increase from last year s rate of 45.8%. Additionally, 77.3% of employed respondents secured their jobs by or within 3 months of graduation. This is slightly lower than last year s rate of 82.3%. SOURCE OF EMPLOYMENT NYU Source 58.9% Non- NYU Source 41.1% WHEN EMPLOYMENT WAS SECURED Within 3 months of graduation 33.8% Between 3 and 6 months after graduation 22.7% Before graduation 43.4% Life Beyond The Square: Class of

8 Source of Employment By Method Method Percentage NYU Source 58.9% Internship / Job Promotion 29.1% NYU CareerNet or other NYU Listserv/ /Online Database 11.3% NYU On-Campus Recruitment 8.3% NYU Staff Member or NYU Alumni Mentor Network Referral 7.6% NYU Event (Employer Presentation, Career Fair, Class) 2.6% Non-NYU Source 41.1% Targeted Employer Directly 1.9% Through Friend, Relative, or Other Personal Contact 1.6% Other Online Job Listing, Recruiter, or Agency 0.6% Non-NYU Source Not Specified 37.0% 29.1% of respondents received a full-time job offer from the organization where they were completing an internship, up from 15.2% last year. This increase could be attributable to adding several new internship-specific questions to the survey. This direct conversion from intern to full-time hire is consistent with the national trend of employers utilizing internships as a way of identifying top talent, who can then be converted to full-time hires upon graduation. This trend is especially true for the following industries: Entertainment/Media, Financial Services, Communications, Nonprofit/Social Services, and Education. One of the areas that the NYU Wasserman Center for Career Development continues to focus on is providing students with the tools and resources to proactively network by reaching out to their contacts as well as organizations of interest during the job search. The NYU Wasserman team facilitates workshops and coaching sessions as well as provides guides and resources to help students effectively build relationships via LinkedIn, informational interviewing, networking events and social media channels. The fact that many students received their job offer through a friend, personal contact, or targeted employer outreach supports the importance of encouraging students to utilize these methods in conjunction with their strong alumni base. WHERE NYU GRADUATES WORK Domestic Employment Of the respondents reporting job placement, 96.9% are working in the United States, with the majority of those staying in the New York City metropolitan area. 85.4% of international students reported that they are working in the United States. The top 6 states for employment are the same as the Class of Top States For NYU Employment Global Employment 86 respondents reported working abroad, which is comparable to the Class of 2013 data. However, Class of 2014 graduates are working in more international locations (36). China, the United Kingdom, and South Korea were the top global locations, with Japan following as a close fourth. Top Global Locations for NYU Employment State Percentage NY 83.7% CA 5.31% Country Percentage NJ 2.62% China 14% CT.83% United Kingdom 8% MA.83% South Korea 8% DC.80% Japan 7% PA.72% Canada 6% Singapore 4% Life Beyond The Square: Class of 2014 India 4% France 4% 8

9 NUMBER OF JOB OFFERS 48.5% of student respondents reported receiving two or more job offers. See below for other job offer data, which is consistent with results for the Class of NUMBER OF JOB OFFERS One Offer 51% Two Offers 27% Three Offers 14% Four + Offers 8% RELATIONSHIP BETWEEN FIELD ENTERED AND SCHOOL ATTENDED The data primarily shows that the respondents entered fields that would be considered logical given the school from which they graduated (e.g., most of the Stern respondents entered a business-related field). However, this was not always the case. For example, financial services has historically been one of the most popular career choices for both business and non-business graduates. Except for some very specialized and technical fields, employers consider a candidate s overall skill set, especially analytical and problem-solving skills as well as verbal and written communication skills, to be the primary qualification for employment, rather than a student s academic major. Life Beyond The Square: Class of

10 EMPLOYMENT BY INDUSTRY Listed below are the top 20 industries employing Class of 2014 respondents. This year, Computer Science / Technology joined the top of the list with the addition of the NYU Polytechnic School of Engineering to our student data. Additionally, Financial Services and Entertainment/Media remain the top two industries for our students. In fact, NYU was named the number one university for media professionals in the country in the 2014 LinkedIn University Rankings. See EMPLOYMENT BY INDUSTRY Financial Services Entertainment/Media Education/Teaching Nursing Computer Science/Technology Fashion/Retail/Consumer Products Arts (Theater, Performing Arts) Non-Profit/Social Services Hospitality, Tourism, Sports & Recreation Health Care (Excluding Nursing) Marketing Consulting Communications (Journalism, Publishing) Law Engineering Advertising/Public Relations Accounting Real Estate Arts (Design, Graphic Design, Photography) Science/Research 6.3% 5.2% 4.8% 4.3% 4.1% 4.0% 3.8% 3.7% 3.6% 3.0% 2.5% 2.5% 2.2% 1.9% 1.8% 1.8% 1.6% 8.0% 13.2% 12.9% Life Beyond The Square: Class of

11 SALARY The mean annual salary for the Class of 2014 respondents is $55,647, which is well above the national overall mean of $48,707 (based on NACE s September Salary Survey of 2014 graduates), and higher than last year s NYU average, which was $53,350. This mean does not include signing bonuses or other compensation such as relocation expenses. The mean bonus was $7,091, which is comparable to the Class of 2013 average. Salary By School School Mean Salary College of Arts and Science $48,605 College of Nursing $75,061 Faculty of Arts and Science (Liberal Studies) $50,286 Gallatin School of Individualized Study $43,230 Leonard N. Stern School of Business $67,250 Polytechnic School of Engineering $60,701 School of Professional Studies $63,044 Silver School of Social Work $48,100 Steinhardt School of Culture, Education, and Human Development $42,082 Tisch School of the Arts $38,851 Salary By Gender 2 Gender Mean Female $51,308 Male $61,278 2 Note: Some of the salary difference between male and female respondents can be attributed to a difference in industry. The top industry reported for males was financial services and for females was entertainment/media. Salary By Ethnicity Ethnicity Mean American Indian or Alaskan Native 3 $62,500 Asian $59,952 Black $53,481 Hispanic $52,185 Multi-racial $54,810 Native Hawaiian / Other Pacific Islander 4 $120,000 White $52,693 3 Note: Based on two data points (n=2). 4 Note: Based on one data point (n=1). Life Beyond The Square: Class of

12 Mean Salaries By Industry Industry Mean Salary Nursing $75,469 Financial Services $68,843 Consulting $66,135 Computer Science / Technology $65,089 Accounting $60,036 Engineering $58,766 Insurance $54,600 Real Estate $51,764 Marketing $48,816 Transportation / Automotive Manufacturing $48,500 Fashion / Retail / Consumer Products $47,897 Health Care (excluding nursing) $47,636 Education / Teaching $46,335 Hospitality, Tourism, Sports & Recreation $43,210 Law $42,075 Advertising / Public Relations $41,865 Non-Profit / Social Services $39,528 Entertainment / Media $38,206 POST-GRADUATE EDUCATION Overall, 14.7% of Class of 2014 graduates are attending school full-time or pursuing a degree program while working. For those currently not attending a post-bachelor s program, 66.4% reported intentions to enroll in graduate or professional school in the next five years. This percentage is significantly higher than our data from the Class of 2013, which was 51.9%. Graduate School Enrollment By School School Percentage Overall 14.7% College of Arts and Science 24.0% College of Nursing 5.6% Faculty of Arts and Science (Liberal Studies) 13.6% Gallatin School of Individualized Study 11.2% Leonard N. Stern School of Business 3.4% Polytechnic School of Engineering 11.7% School of Professional Studies 7.9% Silver School of Social Work 30.4% The Steinhardt School of Culture, Education, and Human Development 19.1% Tisch School of the Arts 2.9% Life Beyond The Square: Class of

13 There were over 50 unique areas of study reported. The top 10 fields are below. The first three fields, Medicine, Law, and Education, are the same as in past years, and Engineering is the fourth most popular due to the addition of the NYU Polytechnic School of Engineering. Graduate School Enrollment By Area of Study Area of Study Percentage Medicine / Pre-Med 17.1% Law 14.1% Education 10.6% Engineering 6.3% Fine Arts 4.5% Public Administration / Health 4.1% Nursing 3.7% Public and International Affairs / Politics 3.1% Psychology 3.1% Economics / Finance 2.7% Life Beyond The Square: Class of

14 CONCLUSION New York University continues to have among the most successful graduates in the country. The career outcomes rate for survey respondents from the undergraduate Class of 2014 was 94.7% -- an increase from the Class of Promisingly, 90% of respondents took advantage of the resources, support, and experience of the NYU Wasserman Center, including NYU CareerNet, career fairs, and special recruiting and networking opportunities. Once again, perceptive, experienced, and well-prepared students who are supported and encouraged by the timely and strategically planned initiatives of the NYU Wasserman Center for Career Development, in collaboration with academic departments, employers, and the entire University Community, have secured positions or placement in graduate school. NYU graduates are still committed to graduate and professional school attendance, though the interest has waned over the last couple of years likely due to the changes in the economy. 14.7% of the respondents were currently enrolled in post-graduate academic programs at the time of the survey, with 41.8% of that total pursuing advanced degrees in just three disciplines: Medicine, Law and Education. And for those not currently enrolled in a post-baccalaureate program, 66% indicated that they intended to pursue such study within five years. Although respondents work in a wide variety of industries, over 54% reported working in the top industries of entertainment, financial services, education, nursing, computer science, fashion/retail, and the performing arts. As expected, a majority (just over 87%) are working in the tri-state area, with most employed in New York City and its suburbs. Although the respondents used a wide variety of methods to obtain their jobs, more than 55% secured their positions directly through an NYU or NYU Wasserman-related resource. Life Beyond The Square: Class of

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