Employment Statistics Zarb School of Business – Undergraduate
Employment Statistics – Zarb School of Business Undergraduate The career outcomes rate of Hofstra’s 2012-2013 job seeking Zarb undergraduates is 98%1. Career Outcomes Rate * Employment Rate Graduate School Rate Employment + Graduate School Rate
98% 91% 20% 11%
*Career Outcomes Rate = (employed + graduate school) / (total survey respondents + other reliable data sources – not job seeking)
91% of Zarb undergraduate respondents reported being employed and 54% accepted their position before graduation. Another 35% report that they were employed within six months after graduation. Among those who reported salary (50%), a self-reported figure volunteered by the undergraduate respondent, the median annual salary for these undergraduate alumni was $50,000. 20% of these undergraduate respondents have reported that they are attending another institution or applied for an advanced degree within the next semester of graduation. Sixty-eight percent of these undergraduate students attending graduate school are attending full-time and popular programs include business (65%) and law (22%). Of the 405 Zarb undergraduate students who graduated between August 2012 and May 2013, data was collected via a survey from 220 students for a 54% response rate. Data was gathered on another 22 students from other sources (National Student Clearinghouse, Hofstra enrollment data, faculty input) resulting in knowledge about the outcomes for 60% of the graduates. The data collection period for the 2012-2013 Hofstra graduates was between December 2012 and May 2014. This report uses the best practices recommended by the National Association of Colleges and Employers’ (NACE) First Destination Survey Standards in January 2014. Many of the tables have been created from different sources, therefore the base size used to calculate percentages is varied. The source for each table is noted throughout. See the notes for further clarification on the methodology.
1
Includes those employed (full-time or part-time) and not employed but are attending graduate school (full-time or parttime) next semester.
1
Outcomes Summary by College, Departments & Large Programs Outcomes Summary (Source: Hofstra survey & other reliable data sources) Career Grad Knowledge Outcomes Employment School Grads % Rate Rate Rate UG Zarb School of Business Department of Accounting, Taxation & Legal Studies Accounting Accounting (152 hour program) Legal Studies in Business Department of Finance Department of Information Technology Department of Management, General Business & Entrepreneurship Entrepreneurship Management Department of Marketing & International Business International Business Marketing
1539 405 121 65 31 25 67 13 87
67% 60% 77% 88% 65% 64% 60% 62% 48%
98% 98% 99% 98% 100% 100% 95% 100% 98%
87% 91% 90% 86% 100% 87% 92% 100% 93%
27% 20% 43% 68% 3% 28% 7% 8% 11%
16 71 112 19 93
50% 48% 50% 53% 49%
88% 100% 96% 90% 98%
75% 97% 89% 80% 91%
13% 11% 10% 21% 8%
All data must meet a test of data integrity. The outcomes data reported is determined by the level at which data may be deemed reliable (University-wide, school, division or department). Knowledge Percentage – the percentage of students on whom we have information from the Hofstra surveys and other reliable data sources Career Outcomes Rate – (Employed + Graduate School) / (Total Survey Respondents + other reliable data sources – Not Job Seeking) Employment Rate – employed full or part time (Hofstra surveys and faculty feedback) Grad School Rate – enrolled in another degree program full or part time (sources: National Student Clearinghouse and Hofstra enrollment files) + reported planning to start another degree program after graduation (sources: Hofstra surveys and faculty feedback)
2
Employment Employment responses are based on data collected via Hofstra surveys and faculty input. What is your current employment status, or if you have an accepted job offer, will your status be any of the following? % 91% 80% 10% 5% 3% 1%
Employed Employed Full-time Employed Part-time Not employed – enrolled in graduate school Not employed – job seeking Not employed – not job seeking Base: Hofstra surveys & faculty input
About how many months after graduation did you accept this position? (Of those employed)
Before graduation 1-3 months after graduation 4-6 months after graduation 7-9 months after graduation 10-12 months after graduation More than 1 year after graduation
% 54% 24% 11% 6% 4% 1%
Base: Hofstra surveys & faculty input
Annual Salary
Median annual salary of all employed graduates is $50,000. 75th percentile of all employed graduates is $60,000. 25th percentile of all employed graduates is $40,000.
Median annual salary of full-time employed graduates is $50,000. 75th percentile of full-time employed graduates is $60,000. 25th percentile of full-time employed graduates is $40,000.
3
Salaries by College, Departments & Programs Salary Summary (includes full or part time employed)
UG Zarb School of Business Department of Accounting, Taxation & Legal Studies Accounting Accounting (152 hour program) Legal Studies in Business Department of Finance Department of Information Technology Department of Management, General Business & Entrepreneurship Management Department of Marketing & International Business International Business Marketing
Salary N
Median
75th %tile
25th %tile
Mean
262 100 37 18 15 4 20 4 18
$45,619 $51,871 $56,085 $57,111 $51,533 $68,536 $48,400 $74,750 $47,556
$45,000 $50,000 $57,000 $57,000 $55,000 $67,072 $50,000 $71,000 $40,000
$56,000 $60,000 $60,000 $60,000 $57,000 $79,572 $55,000 $90,000 $60,000
$35,000 $40,000 $50,000 $56,000 $45,000 $57,500 $42,500 $59,500 $38,000
16 19 3 16
$46,375 $45,158 $46,333 $44,938
$40,000 $42,000 $50,000 $41,000
$58,000 $51,000 $51,000 $52,500
$38,000 $35,000 $38,000 $35,000
All data must meet a test of data integrity. The average salary reported is determined by the level at which data may be deemed reliable (University-wide, school, division or department). Salary data is self-reported voluntarily by graduates and are based upon a 50% response rate. Salary figures vary from year-to-year based upon a number of factors, including, but not limited to, market conditions as well as the number of graduates reporting salary information to us. In addition, please note that these figures are based solely on information that is self-reported to us by our graduates, and the salary data provided is based on the accuracy and completeness of the information provided by our graduates to us. Salary figures only include annual base salary. They do not include bonus, commission or any other guaranteed compensation.
4
What is your organization’s industry? % 18% 1% 2% 2% 12% 3% 20% 2%
Accounting Communication (e.g., public relations, journalism) Construction Consulting Services Consumer Products/Retail Educational Services Finance and Insurance Government Healthcare/Pharmaceuticals/Biotechnology (e.g., doctors, psychologist, social worker) Hospitality/Accommodations & Food Service Manufacturing Media/Entertainment/Arts Non-profit Petroleum/Energy Professional Services (e.g., law, marketing, advertising) Real Estate Sports/Leisure Technology/Science (e.g., IT, engineering) Transportation Utilities Other
4% 4% 4% 3% 2% 1% 8% 2% 4% 5% 1% 1% 3%
Base: Hofstra surveys & faculty input
Graduate School Do you plan to start another degree program after graduation?
Yes Plan to apply next semester Plan to start within 1 year Plan to start within 5 years No/not sure No information
% 20% 1% 6% 8% 23% 42%
Base: total UG students who graduated Aug. 2012-May 2013
5
Responses for the following graduate school questions are based on data collected via Hofstra surveys, National Student Clearinghouse, Hofstra enrollment data, and faculty feedback. Do you plan to attend school full time or part time?
Full-time Part-time Unsure
% 68% 31% 1%
Base: plan to start another degree - Hofstra surveys, faculty input, NSC, & Hofstra enrollment
In what program area do you plan to pursue another degree?
Business Education Law Medicine Other health profession Other
% 65% 2% 22% 2% 7% 2%
Base: plan to start another degree - Hofstra surveys & faculty input
6
Selected Recent Companies The following employers are among those that have hired Hofstra Zarb undergraduate students who graduated between August 2012 and May 2013: B/E Aerospace, Inc. Bethpage Federal Credit Union Bloomberg L.P. Brown Brothers Harriman CA Technologies Cablevision Canon USA Capital One Bank Deloitte & Touche Department of Veterans Affairs Ernst & Young LLP Forrest Lab Giga Entertainment Media Goldman Sachs Grant Thornton LLP Henry Schein J.P. Morgan Chase KPMG LLP Lowell Road Asset Management Luxottica
Merrill Lynch Morgan Stanley New York Police Department North Shore - LIJ Health System Northeast Securities Inc Northwestern Mutual Oncore Marketing & Media PricewaterhouseCoopers LLP Primedia Professional Sports Publications Publishers Clearing House REMAX Midtown Reynolds & Reynolds Sterling Equities The Resnick Druckman Group US Bankcorp Fund Services The Walt Disney Company WeiserMazars LLP Wells Fargo
The economy is constantly changing, and employment for past classes is not an accurate predictor of employment for future classes. In addition, a degree from Hofstra or any other school is not a guarantee of employment in any field.
7
NOTES Due to the number of resources used to gather outcomes data, many of the tables have been created from different sources, therefore the base size used to calculate percentages is varied. The source for each table is noted throughout. This report is largely based on the responses of graduates completing Hofstra surveys, not the total number of graduates, and may not be representative of the total graduating population. National Student Clearinghouse and Hofstra enrollment files were used to track graduate school enrollment for all of our students, therefore the graduate school chart (“Do you plan to start another degree program after graduation?”) is based on the total population of graduating students. Faculty also provided input on student outcomes. This report uses the best practices recommended by NACE in January 2014. In accordance with those practices, this report uses multiple data sources to understand our graduates’ outcomes. The sample sizes are detailed in the table below. Some tables may not sum to 100% due to rounding. Total Population Survey National Student Clearinghouse Hofstra Enrollment Files Faculty Feedback
405 220 405 405 0
100% 54% 100% 100% 0%
GLOSSARY OF TERMS Career Outcomes Rate – calculated as the percentage of students who are employed full or part time or enrolled in another degree program full or part time divided by the total number of graduates for which we have career outcomes information minus students not seeking employment (employed + grad school) / (total survey respondents + other reliable data sources – not job seeking) Employed full-time – employed 35+ hours per week (including freelance work, consulting, performance or other hours worked) Employed part-time – employed less than 35 hours per week (including freelance work, consulting, performance or other hours worked) Employment Rate – employed full or part time (sources: Hofstra surveys and faculty feedback) Graduate School – students who indicate they are already enrolled in another degree program, been accepted to another degree program, or applied to another degree program for next semester Grad School Rate – enrolled in another degree program full or part time (sources: National Student Clearinghouse and Hofstra enrollment files) + reported planning to start another degree program after graduation (sources: Hofstra surveys and faculty feedback) Job Seeking – students who are not employed, but are seeking full-time employment Not Job Seeking – students who are not employed and are not seeking full-time employment Knowledge Percentage – the percentage of students on whom we have information from the Hofstra surveys and other reliable data sources National Student Clearinghouse (NSC) – a service that tracks student enrollment. NSC was used to see if students who graduated from Hofstra were enrolled into another degree program. Outcomes – refers to student placement post-graduation, including employment and further study Response Rate – the percentage of students responding to the Hofstra surveys Salary – annual base salary reported by students employed full or part time 8