LIFE BEYOND THE SQUARE CLASS OF 2016
TABLE OF CONTENTS 3 EXECUTIVE SUMMARY 4 INTRODUCTION AND OVERVIEW Methodology Knowledge Rate Missing Values/Rounding Demographics 5 CAREER PREPARATION Internships and Part-time Jobs Utilizing Wasserman Center for Career Development 6 EMPLOYMENT Career Outcomes Rate Securing Employment Where NYU Graduates Work Number of Job Offers Relationship between Industry Entered and School Attended Employment by Industry Salary 11 POST-GRADUATE EDUCATION 12 CONCLUSION Life Beyond The Square: Class of 2016 2
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 September 2015, January 2016, and May 2016) 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 2016.» 96.2% of respondents (4565 out of 4747) were either employed or enrolled in a graduate or professional school program during the data collection period. Of those who secured a postgraduation placement, 86.6% were working (3954 out of 4565), 10.5% were in graduate or professional school (478 out of 4565), and 2.9% reported both working and attending school (133 out of 4565). This career outcomes rate represents the highest career outcomes rate since the survey began in 1992.» The overall mean annual salary for 2016 respondents was $61,487, up from $58,411 for the Class of 2015, which represents a 5.3% increase. Top average starting salaries by industry were: Nursing $85,995, Financial Services $77,350, Computer Science/Technology $73,482, and Consulting $68,673.» Respondents enrolled in graduate and professional schools represented over 30 disciplines, with historically similar enrollment patterns among the top disciplines. The top 5 were: Law 13.9%, Medicine 10.6%, Business 9.9%, Education 8.2%, with Public Health, Engineering and Fine Arts tied at 5.2%.» 92.2% of respondents utilized the resources of the Wasserman Center for Career Development while at NYU, which is consistent with last year. Additionally, those who utilized Wasserman services multiple times earn $5,425 more, on average.» 46.8% of employed respondents indicated that they obtained their position directly through an NYU or Wasserman-related resource, including NYU CareerNet, career fairs, and special recruiting and networking opportunities. This is consistent with last year.» 81.1% of respondents secured their jobs by or within 3 months of graduation, which is a slight increase from the Class of 2015. Over 40% secured their position prior to graduation.» 95.1% of students who indicated they held a parttime job or internship secured a post-graduation job or enrollment in graduate or professional school;; by comparison, 87.2% of students who did not hold a part-time job or internship had secured a postgraduation placement. This is very similar to the findings from the class of 2015 where 95.5% secured an opportunity if they had a part-time job or internship, and 87% had secured an opportunity if they hadn t.» 11.4% of respondents secured their position from the organization where they held an internship or a previous role. Additionally, 51.9% of respondents received 2 or more job offers. NYU students are finding that even after completing an internship for an organization, they are receiving multiple competitive offers.» The Northeast remained the top destination for employment, with 86.3% employed in the tri-state (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 (5.6%). Respondents reported working in 44 countries, with China, Republic of Korea, and the United Kingdom as the top three global locations.» Respondents reported employment across more than 30 industries. The top 5 are at Financial Services at 12.6%, Entertainment/Media at 12.1%, Education at 9.3%, Computer Science / Technology at 6.4%, and Nursing at 6.1%.» After utilizing email, phone and industry standard professional networking sites to obtain verifiable data, post-graduation status was collected from 4,766 graduates out of the 5,991 who graduated from Summer 2015 through Spring 2016 (per the Office of Institutional Research and Program Evaluation), which resulted in a robust 79.6% knowledge rate. Life Beyond The Square: Class of 2016 3
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 value of the NYU Wasserman Center to 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 official records from NYU s Office of Institutional Research, received a Bachelor s degree in either September 2015, January 2016, or May 2016 from the following schools: the College of Arts and Science, Global Liberal Studies, the Leonard N. Stern School of Business, the Tandon School of Engineering, 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 Rory Meyers 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 a maximum of 49 questions. Average completion time of an individual survey was nine minutes. Graduates were first sent a link to an online survey via email. After several email 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 email or phone inquiries, NACE-approved professional networking sites such as LinkedIn were utilized to obtain verifiable data about 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 prizes if students completed the survey by a certain date. After data cleaning and implementing the additional outreach and research measures discussed above, information on 4,766 graduates was collected and analyzed. The list of graduates supplied by the Office of Institutional Research and Program Evaluation contained records for 5,991 individuals *. Thus, the final knowledge rate was 79.6%. MISSING VALUES/ROUNDING Throughout the analyses, missing values (i.e., questions that the respondents did not answer) were omitted, as were Unsure or Unknown responses for most calculations. As illustrated in several charts, the total percentage does not equal 100% due to rounding. Additionally, Institutional Research Board (IRB) guidelines prohibit us from requiring respondents to answer all questions, so the number of responses to each question varies. * Note: Of the graduates, seven received bachelor s degrees from both the College of Arts and Science and the Tandon School of Engineering. These students counted once for statistics summarizing all graduates, but their responses were included in school-specific calculations. Life Beyond The Square: Class of 2016 4
DEMOGRAPHICS The students included in this report provide a fairly accurate representation of the makeup of NYU s Class of 2016. All demographic information was provided by NYU s Office of Institutional Research and Program Evaluation. Responses By Gender Report Sample Overall Population Female 60.2% 58.9% Male 39.3% 40.5% Not Specified 0.5% 0.6% Responses By Country of Origin Report Sample Overall Population Domestic 86.8% 86.0% International 13.2% 14.0% Responses By Race/Ethnicity * Report Sample Overall Population American Indian / Alaska Native 0.2% 0.2% Asian 23.0% 22.2% Black / African American 5.8% 5.6% Hispanic / Latino 12.4% 12.0% Multiracial 3.7% 3.8% Native Hawaiian / Other Pacific Islander 0.1% 0.1% White 43.7% 44.7% Not Specified 11.2% 11.5% * Note: Categories per U.S. Department of Education IPEDS CAREER PREPARATION INTERNSHIPS AND PART-TIME JOBS Internships and part-time jobs are a key component in preparing students for full-time opportunities. 91.9% of respondents reported holding part-time jobs and/or internships during their tenure as an undergraduate. This is an increase from last year s rate of 87.3%. Out of the 91.9% of students who did have an internship or a parttime job, 95.1% reported that their career outcome included employment or enrollment in graduate school. In contrast, of students who reported that they did not hold an internship or part-time job, 86.8% 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. UTILIZING WASSERMAN CENTER FOR CAREER DEVELOPMENT 92.2% of respondents used Wasserman Center resources to support their career development. Wasserman Center Use By School School Percentage College of Arts and Science 95.7% Gallatin School of Individualized Study 90.8% Global Liberal Studies 94.6% Leonard N. Stern School of Business 99.0% Rory Meyers College of Nursing 74.3% School of Professional Studies 92.3% Silver School of Social Work 90.5% Steinhardt School of Culture, Education, and Human Development 93.1% Tandon School of Engineering 90.3% Tisch School of the Arts 84.5% Life Beyond The Square: Class of 2016 5
EMPLOYMENT CAREER OUTCOMES RATE The career outcomes rate is defined by the ratio of respondents reporting that they held a position and/or were enrolled in school 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 up to six months after graduation. The career outcomes rate for the Class of 2016 respondents is 96.2%, which is an increase from 95.4% from the Class of 2015. Career Outcomes Rate By School School Percentage College of Arts and Science 95.8% Gallatin School of Individualized Study 97.7% Global Liberal Studies 100.0% Leonard N. Stern School of Business 98.1% Rory Meyers College of Nursing* 91.3% School of Professional Studies 97.1% Silver School of Social Work 97.1% Steinhardt School of Culture, Education, and Human Development 97.1% Tandon School of Engineering 95.3% Tisch School of the Arts 95.7% * Although the overall job outlook for bachelor s level nurses remains quite strong, nursing has historically had a lower career outcomes 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. Note: A small percentage of respondents were not seeking full-time employment and thus were removed from the career outcomes calculations per NACE guidelines. SECURING EMPLOYMENT Of the 4565 out of 4747 respondents who were either employed or enrolled in a graduate or professional school program, 86.6% of respondents reported that they were working (3954 out of 4565), 10.5% were in school (478 out of 4565), and 2.9% were both working and in school (133 out of 4565). This year, the percentage of students who reported working or going to school immediately after graduation increased slightly (it was 85.7% and 10.3%, respectively, for the Class of 2015) and the percentage who are working and in school decreased slightly (it was 4.0% for the Class of 2015). In School 10.5% PLACEMENT BY TYPE Working and In School 2.9% Working 86.6% Life Beyond The Square: Class of 2016 6
Of the respondents who reported some type of job/school placement, 46.8% indicated that they obtained their position through using at least one NYU or Wasserman-related resource. These NYU and Wasserman resources include NYU CareerNet, the On-Campus Recruitment program, Career Fairs, NYU staff members, employer presentations, NYU events, NYU career emails, online mentor databases, and promotions from positions secured through NYU. Additionally, 48.1% of employed respondents had secured their position before graduation, with a total of 81.1% of employed respondents secured their jobs within 3 months of graduation. SOURCE OF EMPLOYMENT NYU Source 46.8% Non- NYU Source 53.2% More than 3 months after graduation 18.9% WHEN EMPLOYMENT WAS SECURED Before graduation 48.1% Within 3 months of graduation 33% 11.4% of respondents secured their full-time job from the organization where they were completing an internship, down from 17.9% last year. This decrease might be attributable to the improving U.S. economy, empowering students and recent graduates to pursue opportunities at organizations where they did not previously intern or work. A recent NACE report found that interns who have worked for a single employer on multiple occasions are more likely to be converted to full-time hires. NYU students, in general, gain experiences from multiple organizations, since working in the New York City metro area gives them access to such a diverse array of employers. The NYU Wasserman Center for Career Development continues to focus on 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. Life Beyond The Square: Class of 2016 7
WHERE NYU GRADUATES WORK U.S. Employment Of the respondents reporting job placement, 96.5% 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 US locations for employment are the same as the Class of 2015. Top US Locations For Employment State/District Percentage New York 82.8% California 5.6% New Jersey 2.4% Connecticut 1.1% Massachusetts 0.8% Pennsylvania 0.8% Washington, D.C. 0.8% Global Employment 137 respondents reported working abroad in 44 countries, which is comparable to the Class of 2015 data. China, Republic of Korea, and the United Kingdom were the top global locations. Top Global Locations for Employment Country Percentage China/Hong Kong 1 21.1% Republic of Korea 7.5% United Kingdom 6.8% Germany 5.3% Australia 4.5% Canada 3.8% Japan 3.8% France 3.0% 1 Note: 50% of respondents who are working in China reported being based in Hong Kong. NUMBER OF JOB OFFERS 51.9% of respondents reported receiving two or more job offers, which is a slight decrease from 54.4% in 2015, and an increase over 48.5% in 2014. NUMBER OF JOB OFFERS One Offer 48.1% Two Offers 27.2% Three Offers Four + Offers 9.8% 14.8% RELATIONSHIP BETWEEN INDUSTRY ENTERED AND SCHOOL ATTENDED For certain professional schools, the data primarily shows that the respondents entered industries that would be considered logical given the school from which they graduated. For example, most of the Stern respondents entered a business-related field such as Financial Services, Accounting, and Consulting. Additionally, most Tandon School of Engineering respondents entered Engineering, Technology, or Financial Services, which is increasingly technology centered. Respondents from the College of Arts and Science, Global Liberal Studies, and Gallatin School of Individualized Study pursued a broad range of for profit and not-for-profit fields, including those traditionally thought of as business and finance, though many Gallatin respondents are working in Entertainment/Media. Life Beyond The Square: Class of 2016 8
EMPLOYMENT BY INDUSTRY Listed below are the top 20 industries employing Class of 2016 respondents. Financial Services/Banking, Entertainment/Media, and Education/Teaching remain the top three industries for NYU graduates. Students from all majors find employment in these industries. EMPLOYMENT BY INDUSTRY Financial Services/Banking Entertainment/Media Education/Teaching Computer Science/Technology Nursing Hospitality, Tourism, Sports & Recreation Fashion/Retail/Consumer Products Arts (Theater, Performing Arts) Health Care (Excluding Nursing) Non-Profit/Social Services Consulting Communications (Journalism, Publishing) Marketing Advertising/Public Relations Engineering Law Government/Military Accounting Real Estate Arts (Museums, Galleries) 6.4% 6.1% 5.6% 5.2% 4.6% 4.5% 4.0% 3.7% 3.7% 2.4% 2.1% 2.1% 2.1% 2.0% 2.0% 1.4% 1.3% 9.3% 12.6% 12.1% SALARY The mean annual salary for the Class of 2016 respondents is $61,487, which is well above the national overall mean of $52,569 (based on NACE s Fall 2016 Salary Survey of 2016 graduates). This year s mean salary is also higher than the mean salary for the NYU Class of 2015 by 5.3%. This mean does not include signing bonuses or other compensation such as relocation expenses. The mean bonus was $7,893, which is an increase of 2.1% from the Class of 2015 average. Additionally, those who utilized Wasserman services multiple times earn $5,425 more, on average. Life Beyond The Square: Class of 2016 9
Salary By School School Mean College of Arts and Science $58,485 Gallatin School of Individualized Study $47,157 Global Liberal Studies $53,600 Leonard N. Stern School of Business $73,986 Rory Meyers College of Nursing $85,995 School of Professional Studies $62,650 Silver School of Social Work 1 $48,750 Steinhardt School of Culture, Education, and Human Development $46,946 Tandon School of Engineering $65,200 Tisch School of the Arts $47,980 Salary By Gender Gender Mean Female $56,053 Male $69,024 Not Specified 2 $63,000 2 Note: Based on 5 data points (n=5). 1 Note: Based on six data points (n=6). Mean Salaries By Industry 3 Industry Mean Nursing $85,995 Financial Services $77,350 Computer Science / Technology $73,482 Consulting $68,673 Accounting $68,236 Engineering $65,889 Materials/Construction $62,583 Fashion / Retail / Consumer Products $54,989 Marketing $53,756 Real Estate $53,342 Government / Military $52,308 Hospitality, Tourism, Sports & Recreation $49,030 Education / Teaching $48,169 Entertainment/Media $47,175 Health Care (excluding Nursing) $44,782 Law $43,200 Salary By Race / Ethnicity Ethnicity Mean American Indian / Alaska Native 4 $38,000 Asian $67,429 Black / African American $57,941 Hispanic $58,678 Multiracial $51,822 Native Hawaiian / Other Pacific Islander 5 $45,000 White $58,860 Not Specified $60,244 4 Note: Based on two data points (n=2). 5 Note: Based on one data point (n=1). 3 Note: Excluded Industries with fewer than ten data points (n=10). Life Beyond The Square: Class of 2016 10
POST-GRADUATE AND PROFESSIONAL SCHOOL EDUCATION Overall, 13.4% of Class of 2016 graduates are attending graduate or professional school full-time or pursuing a degree program while working. For those currently not attending a post-bachelor s program, 57.2% reported intentions to enroll in graduate or professional school in the next five years. Graduate/Professional School Enrollment By School School Percentage Overall 13.4% College of Arts and Science 21.7% Gallatin School of Individualized Study 10.6% Global Liberal Studies 18.6% Leonard N. Stern School of Business 2.9% Rory Meyers College of Nursing 6.0% School of Professional Studies 9.1% Silver School of Social Work 57.6% Steinhardt School of Culture, Education, and Human Development 17.5% Tandon School of Engineering 11.3% Tisch School of the Arts 2.8% There were over 30 general areas of study reported for post-baccalaureate education. The top 10 fields are below. Law, Medicine and Business continue to be the top three areas of study since 2015. Graduate/Professional School Enrollment By Area of Study Area of Study Percentage Law 13.9% Medicine / Pre-Med 10.6% Business (MBA, Accounting, Finance, Economics) 9.9% Education 8.2% Engineering 5.2% Health / Public Health 5.2% Fine Arts 5.2% Science 5.0% Psychology 4.0% Public and International Affairs / Politics 3.8% Computer Science 3.8% Life Beyond The Square: Class of 2016 11
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 2016 was 96.2% -- an increase from the Class of 2015. 92.2% 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 partnership 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 changes in the economy. 13.4% of the respondents were currently enrolled in postgraduate academic programs at the time of the survey, with 42.5% of that total pursuing advanced degrees in just four disciplines: Law, Medicine, Business and Education. And for those not currently enrolled in a post-baccalaureate program, 57.2% indicated that they intend to pursue such study within five years. Although respondents work in a wide variety of industries, 46.6% reported working in the top five industries of financial services, entertainment/media, education, technology, and nursing. As expected, a majority (just over 86%) are working in the tri-state area, with more than 90% employed in New York City. Although the respondents used a wide variety of career development resources during their tenure at NYU, once again students who used Wasserman services were found to have secured positions with higher salaries than those who did not. In fact, students who who used Wasserman multiple times had salaries that were, on average, $5,425 higher. Life Beyond The Square: Class of 2016 12