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Accenture 2013-college-graduate-employment-survey

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The Accenture 2013 College Graduate Employment Survey explored expectations and experiences of US college graduates from the classes of 2013, 2012 and 2011 related to education, skills, job searches, …

The Accenture 2013 College Graduate Employment Survey explored expectations and experiences of US college graduates from the classes of 2013, 2012 and 2011 related to education, skills, job searches, salary expectations, debt and post-graduation living arrangements.

The research suggests that many US college graduates are underemployed and working in jobs that do not require their college degrees. The research also shows that, despite their degrees, most college graduates think they need additional education or training to secure the jobs they want.

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  • 1. Accenture 2013 CollegeGraduate EmploymentSurveyKey Findings
  • 2. Copyright © 2013 Accenture All rights reserved. 2Accenture conducted an online survey in the United States of 1,010 students graduating from college in2013 and entering the job market, and 1,005 participants who already graduated college in 2011 or 2012.The survey was conducted between March 22 and April 1, 2013.Survey Methodology and DemographicsAgeTotal Samplen=2,0152011/2012Gradsn=1,0052013Gradsn=1,01018-24 1,944 1,005 93925+ 71 0 71Type of college2011/2012Gradsn=1,0052013Gradsn=1,015Four-year college 880 843Two-year (junior orcommunity) college121 148Vocational-technicalcollege4 19Type of degree2011/2012Gradsn=1,0052013Gradsn=1,015Bachelor of Arts (B.A.) 410 325Bachelor of Science (B.S.) 460 479Associate of Arts (A.A.) 48 102Associate of Science (A.S.) 87 104Year ofGraduationN=2,0152011 4862012 5192013 1010Entering JobMarket2013 Gradsn=1,010Yes 1,010No 0
  • 3. Copyright © 2013 Accenture All rights reserved. 3• 41 percent of workers who graduated from college in the past two years (2011/2012 college grads)say they are underemployed and working in jobs that do not require their college degrees• Despite their degrees, nearly two-thirds (63 percent) of 2011/2012 college grads say they will needmore training in order to get their desired job• The study identified a wide gap between the expectations pending 2013 college grads have foremployer-provided training and what they are likely to receive when they start working -- more thanthree-quarters (77 percent) of 2013 college grads expect their first employer to provide formal training,but fewer than one-half (48 percent) of 2011/2012 college grads surveyed say they received trainingin their first job after graduation• 42 percent of 2011/2012 college grads expect they will need to pursue a graduate level degree tofurther their career, more than twice as many of pending 2013 college grads, 18 percent of whomexpect to do so• Of the 2011/2012 college grads with a two-year degree, 52 percent say they will need to get a four-year degree in order to get the job they wantExecutive Summary
  • 4. Copyright © 2013 Accenture All rights reserved. 4• Only 16 percent of students who will graduate this year had already secured employment• To secure a job in the current market, one-third (34 percent) of the pending 2013 college grads areprepared to accept their first job offer, while 27 percent would consider working in a different field thantheir college major• Of 2011/2012 college grads, 68 percent are employed full-time and 16 percent are working part-time,seven percent say they haven’t had a job since they graduated in 2011 or 2012• More than half (57 percent) of 2011/2012 college grads say finding a job was difficult, but 39 percenthad jobs by the time they graduated and another 42 percent were employed within six months ofgraduation• Among the 2011/2012 college grads who are unemployed, 48 percent said they would have faredbetter in the job market with a different major, and 57 percent expect to go back to school within thenext five yearsExecutive Summary (continued)
  • 5. Copyright © 2013 Accenture All rights reserved. 5• The top three industries for both 2011/2012 college grads and pending 2013 college grads areeducation, media & entertainment and healthcare• Nearly two-thirds (64 percent) of pending 2013 college grads expect to be employed full time in theirfield of study compared with 53 percent of 2011/2012 college grads who are currently working in theirfield of study full time• When 2011/2012 college grads who are not employed in their field of study were asked why, 45percent said it was taking too long to find a job and 32 percent said there were not enough jobopenings in their field• Out of the 72 percent of 2011/2012 college grads who participated in an internship while still in school,only 42 percent said the internship led to a job• Among the students who will graduate in 2013 from a four-year institution, one-quarter (26 percent)transferred from a junior or community college, while only 11 percent of the 2011/2012 grads of a four-year institution began their college education at a junior or community collegeExecutive Summary (continued)
  • 6. Copyright © 2013 Accenture All rights reserved. 6• Salary expectations among pending 2013 college grads are out of line with the current job market ---only 15 percent of pending 2013 college grads expect to earn less than $25K a year, while one-third(32 percent) of 2011/2012 college grads who are employed report their current annual salary is $25Kor less• Nearly one-third (30 percent) of pending 2013 college grads and 34 percent of 2011/2012 collegegrads have $30K or less in student loans, 17 percent of pending 2013 college grads and 13 percent of2011/2012 college grads have student loan debts of $30K to $50K• Of the students who will graduate with student loans this year, 64 percent are taking on the debtthemselves and will pay it off without help from their parents• One-third (32 percent) of pending 2013 college grads plan to live at home after graduation, while 44percent of 2011/2012 college grads currently live at homeExecutive Summary (continued)
  • 7. Copyright © 2013 Accenture All rights reserved. 7Accenture recommends employers improve how they hire and develop youngworkers coming out of college:Executive Summary (continued)• Hire based on potential. Let go of the idea of finding perfect candidates that meet every skills criteriaand instead invest in young people with strong generalist skills who, with some training andexperience (and perhaps some job redesign), can perform in roles you might not have matched themto at first glance. Use assessments, performance analysis and skills databases to identify thoseyoung workers with strong potential.• Make training part of the total employment package. Training is a “chicken or the egg” dilemma;young workers need experience to get a job but they need a job to get experience. Employers cannotassume recent college graduates will arrive on the job with the all the skills they need; and studentswant training to develop the skills they need to succeed. Employers need to provide more and bettertraining and should use it to be an employer of choice.• Work closely with educational institutions. Develop work experience programs like internships orapprenticeships, create externships for professors and instructors, engage in curriculum development,and create customized training and industry credential programs. These will help develop a fresh cropof talent that is better suited to your organization’s needs, and lead to better matching of students tojobs.
  • 8. Key Findings
  • 9. Copyright © 2013 Accenture All rights reserved. 92011/2012 Grads: To what extent do you agree with the following statement: I believe I amunderemployed, meaning I am in a job that doesn’t require my college degree?41 percent of 2011/2012 college grads say they are underemployed(in jobs that do not require their college degrees)Underemployed(2011/2012 Grads Only)19%24%17% 17%24%0%5%10%15%20%25%30%StronglyDisagreeDisagree Neither Agreenor DisagreeAgree Strongly AgreeBase=Employed2011/2012 Grads; n=936Question not given to2013 GraduatesSource: Accenture 2013College GraduateEmployment Survey
  • 10. Copyright © 2013 Accenture All rights reserved. 102011/2012 Grads: What is your current employment status?2013 Grads: What type of job have you already found or do you expect to find?68 percent of 2011/2012 college grads are employed full-time, 16 percent are workingpart-time and 7 percent have been unemployed since they graduated4% 7%1% 3%16%68%5%2%16%77%0%10%20%30%40%50%60%70%80%90%Unemployed currently,but had a job aftergraduationUnemployed sincegraduationIntern Contractor/freelancer Part-time employee Full-time employee2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College GraduateEmployment SurveyEmployment StatusUnemployed options not given to 2013 Graduates
  • 11. Copyright © 2013 Accenture All rights reserved. 112011/2012 Grads: How difficult has it been to find a job?2013 Grads: How difficult do you think it will be to find a job?More than half (57 percent) of 2011/2012 college grads say findinga job was difficult20%37%28%12%4%13%47%33%6%2%0%5%10%15%20%25%30%35%40%45%50%Extremely difficult Difficult Neither difficult nor easy Easy Extremely easy2011/2012 (n=1,005)2013 (n=1,010)Finding a JobBase=All Respondents; n=2,015Source: Accenture 2013 College GraduateEmployment Survey
  • 12. Copyright © 2013 Accenture All rights reserved. 122011/2012 Grads: How long after graduating did it take for you to secure a job?2013 Grads: How long after graduating do you think it will take for you to secure a job?39 percent of 2011/2012 college grads had jobs by the time they graduated whileonly 16 percent of pending 2013 college grads have secured employment6%3%10%42%39%3%17%64%16%0%10%20%30%40%50%60%70%I still don’t have a job More than 1 year 7 months-1 year 1-6 months I accepted a job offerbefore/upon graduating[already accepted job]2011/2012 (n=936)2013 (n=1,010)Time It Took to Secure JobOption not given to 2013 GraduatesBase=Employed 2011/2012 Grads andall 2013 Grad; n=1,946Source: Accenture 2013 College GraduateEmployment Survey
  • 13. Copyright © 2013 Accenture All rights reserved. 132011/2012 Grads: To what extent do you agree with the following statement: To get my desired job, Ineed more training post-graduation2013 Grads: To what extent do you agree with the following statement: To get my desired job, I needmore training post-graduation.63 percent of 2011/2012 college grads say they need more training to get theirdesired job2%11%23%37%26%2%10%25%38%26%0%5%10%15%20%25%30%35%40%Strongly Disagree Disagree Neither Agree nor Disagree Agree Strongly Agree2011/2012 (n=1,005)2013 (n=1,010)Post-Graduation Training NeededBase=All Respondents; n=2,015Source: Accenture 2013 College GraduateEmployment Survey
  • 14. Copyright © 2013 Accenture All rights reserved. 142011/2012 Grads: Did your first employer provide formal training?2013 Grads: Do you expect your first employer to provide formal training?77 percent of pending 2013 college grads expect their first employer to provideformal training, while only 48 percent of those who graduated in 2011/2012 say theyreceived training from their first employersFirst Employer Formal Training Provided / Expected52%48%23%77%0%10%20%30%40%50%60%70%80%90%No Yes2011/2012 (n=936)2013 (n=1,010)Base=Employed 2011/2012 Grads and all 2013 Grad; n=1,946Source: Accenture 2013 College GraduateEmployment Survey
  • 15. Copyright © 2013 Accenture All rights reserved. 152011/2012 Grads: What type(s) of training do you expect to pursue to further your career?2013 Grads: What type(s) of training do you expect to pursue to further your career?Four out of ten (42 percent) 2011/2012 college grads expect to pursue a graduatedegree to further their career, compared with only 18 percent of pending 2013college grads who expect to do soTypes of Training Expect to Pursue Post–Graduation4% 3%8%15%23% 23%42%51%67%4% 2%13% 13% 15%26%18%61%74%0%10%20%30%40%50%60%70%80%None Other Non degree classesat a technical orcommunity collegeEarn another degreealtogetherGraduate-levelclassesOnline courses Graduate degree Employer-providedformal trainingOn the jobtraining/experience2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College GraduateEmployment Survey
  • 16. Copyright © 2013 Accenture All rights reserved. 162011/2012 Grads: How does the current economy affect your job search?2013 Grads: How will the current economy affect your job search?One-third (34 percent) of pending 2013 college grads are prepared to accepttheir first job offer and 27 percent would consider working in a different field thanthey majored inEconomy’s Affect on the Job Search13%3%6%32%29%39%35% 36%40%45%9%2%11%27%37%34%39% 40%46%43%0%5%10%15%20%25%30%35%40%45%50%Does notaffect my jobsearchNone of theaboveLook in adifferentcountryLook at adifferent fieldfrom mymajor area ofstudyCompromiseon jobrequirementsAccept thefirst offerBroaden mysearch byindustry orskill areaWilling tocommutefartherLook in adifferent cityAccept alower salary2011/2012 (n=1,005)2013 (n=1,010)Multiple ResponsesBase=All Respondents; n=2,015Source: Accenture 2013 College GraduateEmployment Survey
  • 17. Copyright © 2013 Accenture All rights reserved. 172011/2012 Grads: Do you believe you would have fared better in the job market with a different major ora different school?Among unemployed 2011/2012 college grads, 48 percent said they would have faredbetter in the job market with a different majorWould Have Fared Better with Different Major or School(Unemployed 2011/2012 Grads Only)Yes, differentmajor, 48%Yes, differentschool, 16%No, 36%Base=Unemployed 2011/2012 Grads; n=114Source: Accenture 2013 College GraduateEmployment Survey
  • 18. Copyright © 2013 Accenture All rights reserved. 182011/2012 Grads: Do you expect to go back to school within the next five years?Among unemployed 2011/2012 college grads, 57 percent expect to go backto school in the next five yearsExpect to Go Back to School(Unemployed 2011/2012 Grads Only)44%32%18%3% 4%0%5%10%15%20%25%30%35%40%45%50%No Yes, to a graduate program Yes, to a four-year college Yes, to a junior orcommunity collegeYes, to a vocational-technical collegeBase=Unemployed 2011/2012 Grads; n=114Source: Accenture 2013 College GraduateEmployment SurveyQuestion not given to 2013 Graduates
  • 19. Copyright © 2013 Accenture All rights reserved. 192011/2012 Grads: Why do you think you are not employed?When 2011/2012 college grads who are currently unemployed were asked why,half (50 percent) say they are being told by companies that they do not haveenough experienceReasons Unemployed(Unemployed 2011/2012 Grads Only)21%38% 39%41%50%0%10%20%30%40%50%60%Other There is too muchcompetition for mydesired positionThere are few openpositions in mylocationThere are few openpositions in my fieldCompanies aretelling me I don’thave enoughexperienceBase=Unemployed 2011/2012 Grads; n=114Source: Accenture 2013 College GraduateEmployment SurveyQuestion not given to 2013 GraduatesMultiple Responses
  • 20. Copyright © 2013 Accenture All rights reserved. 202011/2012 Grads: Will you need to pursue a four-year degree or graduate degree to get the job orcareer you want?2013 Grads: Will you need to pursue a four-year degree or graduate degree to get the job or careeryou want?Of the 2011/2012 college grads with a two-year degree, 52 percent say they will needto pursue a four-year degree to get the job they wantWill You Need to Pursue Another Degree to Get Desired Career(Two-Year Degree Grads Only)42%6%52%43%15%42%0%10%20%30%40%50%60%No, no additional degree is needed topursue the career I wantGraduate degree Four-year degree2011/2012 (n=135)2013 (n=206)Base=Two-Year Degree; n=341Source: Accenture 2013 College GraduateEmployment Survey
  • 21. Copyright © 2013 Accenture All rights reserved. 212011/2012 Grads: To what extent do you agree with the following statement: I chose this type of degreebecause it would lead to a more certain job?2013 Grads: To what extent do you agree with the following statement: I chose this type of degreebecause it would lead to a more certain job?68 percent of 2011/2012 college grads and 73 percent of pending 2013 collegegrads with a two-year degree chose that type of degree because they thought itwould lead to a more certain jobChose Degree Because It Would Lead to More Certain Job(Two-Year Degree Grads Only)2%8%21%37%31%0%4%23%33%40%0%5%10%15%20%25%30%35%40%45%Strongly Disagree Disagree Neither Agree norDisagreeAgree Strongly Agree 2011/2012 (n=135)2013 (n=206)Base=Two-Year Degree; n=341Source: Accenture 2013 College Graduate Employment Survey
  • 22. Copyright © 2013 Accenture All rights reserved. 222011/2012 Grads: What are your top industries or sector choices for work?2013 Grads: What are your top industries or sector choices for work?The top three industries both 2011/2012 and pending 2013 college grads want towork in are education, media & entertainment and healthcareTop Industry/Sector Choices20%2% 2% 2%3% 3%5%6%5%6%7% 7%5%7%6%8% 7% 8%10%15%14%18%19%25%25%26%21%2%4% 4% 4%5%6%6%7%7% 6%7%10%8%9%8% 8%11%13%10%12%15%17%23%23% 23%0%5%10%15%20%25%30%2011/2012 (n=1,005)2013 (n=1,010)Source: Accenture 2013College GraduateEmployment SurveyBase=All Respondents;n=2,015Multiple Responses
  • 23. Copyright © 2013 Accenture All rights reserved. 232011/2012 Grads: Are you currently employed in your field of study?2013 Grads: Are you expecting to be employed, or are already employed, in your field of study?Over half (53 percent) of 2011/2012 college grads are employed full-time intheir field of studyEmployed in Field of Study36%8%3%53%11%18%7%64%0%10%20%30%40%50%60%70%No Yes, part time but prefer fulltimeYes, part time and preferpart timeYes, full time2011/2012 (n=936)2013 (n=1,010)Base=Employed 2011/2012 Grads and all 2013 Grad; n=1,946Source: Accenture 2013 College Graduate Employment Survey
  • 24. Copyright © 2013 Accenture All rights reserved. 242011/2012 Grads: Why are you not employed in your field of study?2013 Grads: Why are you not expecting to be employed in your field of study?When 2011/2012 college grads who are not employed in their field of study wereasked why, 45 percent said it was taking too long to find a job and 32 percent saidthere were not enough job openings in their fieldWhy Not Employed in Field of Study15%9% 9%14% 15%17%32%45%15%8%12% 13%16% 16%29%36%0%5%10%15%20%25%30%35%40%45%50%None of theabove.My school didnot adequatelyprepare me towork in mychosen field.I didn’t expectmy field of studyto be my career,but I I amworking [I willwork] in mychosen career.I studied in anarea in whichthere are few orno directlyrelated jobs (e.g.,history).The jobs I foundin my field werenot near mycurrent place ofresidence.I decided thatwas not the fieldI wished topursue.There are notenough jobopenings in thefield I studied.It was taking [willtake] too long tofind a job in mychosen field andI needed [need]to find work tosupport myself.2011/2012 (n=337)2013 (n=116)Base=Not Employed/Not Expecting to Be Employed in Fieldof Study; n=453Source: Accenture 2013 College Graduate Employment SurveyMultiple Responses
  • 25. Copyright © 2013 Accenture All rights reserved. 252011/2012 Grads: What type of internship or co-opdid you participate in during school?2013 Grads: What type of internship or co-op didyou participate in during school?Out of the 72 percent of 2011/2012 college grads who did an internship duringschool, only 42 percent said it led to a job2011/2012 Grads: Did your internship or co-op leadto a job post-graduation (either in the samecompany or indirectly through networking to get ajob in another company)?2013 Grads: Did your internship or co-op lead to ajob post-graduation (either in the same company orindirectly through networking to get a job in anothercompany)?Internship/Co-Op ParticipationDid Internship/Co-Op Lead to a Job36%40%32%36% 37%32%0%5%10%15%20%25%30%35%40%45%I did not participate in aninternship/co-opUnpaid internship/co-op Paid internship/co-op2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 CollegeGraduate Employment Survey58%42%52%48%0%10%20%30%40%50%60%70%No Yes2011/2012 (n=642)2013 (n=645)Base=Grads Who Participated inInternship/Co-op; n=1,287 Multiple Responses
  • 26. Copyright © 2013 Accenture All rights reserved. 262011/2012 Grads: Did you transfer from a two-year college (junior or community college) into a four yearcollege?2013 Grads: Did you transfer from a two-year college (junior or community college) into a four yearcollege?Of the pending 2013 college grads who went to a four-year institution, 26 percenttransferred from a junior or community college, while only 11 percent of the 2011/2012college grads began their college education at a junior or community collegeTransferred from Two-Year College(Four-Year College Grads Only)11%89%26%74%0%10%20%30%40%50%60%70%80%90%100%Yes No2011/2012 (n=880)2013 (n=843)Base=Four-Year College; n=1,723Source: Accenture 2013 College Graduate Employment Survey
  • 27. Copyright © 2013 Accenture All rights reserved. 272011/2012 Grads: What is your current annual salary (Note: If you are unemployed but had a job sincegraduating from college, please provide your salary from your post-graduation job)?2013 Grads: What annual salary do you expect to receive in your first job after graduation?Salary expectations among pending 2013 college grads are out of line with thecurrent job marketCurrent Annual Salary / Salary Expectations2% 1% 0% 1%3%12%15%22%13%32%1% 0% 1%2%5%16% 18%21%20%15%0%5%10%15%20%25%30%35%2011/2012 (n=936)2013 (n=1,010)Base=Employed 2011/2012 Grads and all 2013 Grad; n=1,946Source: Accenture 2013 College Graduate Employment SurveyOption not given to 2013 Graduates
  • 28. Copyright © 2013 Accenture All rights reserved. 282011/2012 Grads: Do you or your parents have any student loan debt from your education to pay off?2013 Grads: Will you or your parents have any student loan debt from your education to pay off?One-third (34 percent) of 2011/2012 college grads and 30 percent of pending2013 college grads are carrying $30K or less in student loans, and respectively,13 percent and 17 percent have $30K to $50K in debtStudent Loan Debt41%0%3%4% 5%13%34%36%0% 0%2%5%10%17%30%0%5%10%15%20%25%30%35%40%45%No student loan debt $300,000+ $201,000-300,000 $101,000-$200,000 $76,000-$100,000 $51,000-$75,000 $30,000-$50,000 <$30,0002011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyOption not given to 2013 Graduates
  • 29. Copyright © 2013 Accenture All rights reserved. 292011/2012 Grads: Who is paying off the student loan debt from your education?2013 Grads: Who is paying off the student loan debt from your education?Of the students who will graduate with student loans this year, 64 percent are takingon the debt themselves and will be paying it off with no help from their parentsStudent Loan Debt Payment1% 1%6%24%68%0% 0%11%25%64%0%10%20%30%40%50%60%70%80%Other My employer is paying off mystudent loanMy parents (or others) arepaying my student loansI am sharing the debt with myparents (or others)I am paying my student loans2011/2012 (n=593)2013 (n=649)Base=Grads with Student Loan Debt; n=1,242Source: Accenture 2013 College Graduate Employment Survey
  • 30. Copyright © 2013 Accenture All rights reserved. 302011/2012 Grads: Where are you living?2013 Grads: Where are you planning to live after graduation?One-third (32 percent) of pending 2013 college grads are planning to live at homeafter graduation, while 44 percent of 2011/2012 college grads are currently livingat homeLiving Situation Post-Graduation11%33%56%32%68%0%10%20%30%40%50%60%70%80%Living with my parents/family and wasnot as plannedLiving with my parents/family asplannedLiving on my own or with friends2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyOption not given to 2013 Graduates
  • 31. Copyright © 2013 Accenture All rights reserved. 312011/2012 Grads: What was your major area of study?2013 Grads: What is your major area of study?24 percent of pending 2013 college grads surveyed are graduating with a STEMdegree, followed by business and arts & humanitiesMajor - Area of Study7%1%3%4%10%13%22%21% 20%6%2% 2%6%13%17%13%18%24%0%5%10%15%20%25%30%2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment Survey
  • 32. Copyright © 2013 Accenture All rights reserved. 322011/2012 Grads: Did you consider the availability of jobs in your field before deciding your major?2013 Grads: Did you consider the availability of jobs in your field before deciding your major?38 percent of 2011/2012 college grads did not consider the availability of jobsin their field when they chose their majorConsidered Availability of Jobs Before Deciding Major38%62%25%75%0%10%20%30%40%50%60%70%80%No Yes2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment Survey
  • 33. Copyright © 2013 Accenture All rights reserved. 332011/2012 Grads: Why did you choose your major area of study?2013 Grads: Why did you choose your major area of study?Both 2011/2012 college grads and pending 2013 college grads chose their majorbased on a passion for study in that areaWhy Chose Major1%4%8%14% 14% 13%17%42% 42%44%76%1% 2%9% 8%12%17%27%37%48% 49%82%0%10%20%30%40%50%60%70%80%90%None of the above Other I happened tohave the mostcredits in thismajor area ofstudy.It prepared me fora professionalgraduate degree.(e.g., medicine,law)This major wasrelatively easy toearn a degree in.Members of myfamily or closefriends are in thatfield.I believe that Icould make themost money in myfield of study.It provided me withpersonalgrowth/heightenedmy awareness ofthe world.I believe there area lot of jobopportunities in myfield.It is a good long-term career.I am passionateabout my majorarea of study.2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyMultiple Responses
  • 34. Copyright © 2013 Accenture All rights reserved. 342011/2012 Grads: Which of the following do you believe helped you (or will help you) land your first orcurrent job post-graduation?2013 Grads: Which of the following do you believe will help you land your first job post-graduation?Both 2011/2012 college grads (71 percent) and pending 2013 college grads(73 percent) believe their degree is the biggest help in landing a jobWhat Helped/Will Help Land First Job6%13%17%15%21%29% 29% 28%35%44%51%46%71%2%26%24%25%32%25%33%39%37%52%58%64%73%0%10%20%30%40%50%60%70%80%None of theaboveSocialnetworkingClubs andactivitiesoutside ofschoolGood digitalprofile (e.g.Facebook,Linkedin)Additionaltraining outsideof schoolThe prestige ofmy schoolClubs andactivities atschoolVolunteerexperiencesFriends andfamilyconnectionsIn-personnetworkingInternship A creativeresumeMy degree2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyMultiple Responses
  • 35. Copyright © 2013 Accenture All rights reserved. 352011/2012 Grads: What has been the most effective method of looking for/finding a job?2013 Grads: What has been the most effective method of looking for/finding a job?While 31 percent of pending 2013 college grads say an internship is the most effectivemethod of finding a job, only 22 percent of 2011/2012 college grads found internshipseffective; connections from friends/family was viewed as highly effective by both groupsEffective Job Search Methods4%7%18% 18%22%38%40%50%2%6%23%30% 31%39%44%41%0%10%20%30%40%50%60%Other Temporary contracting,which turned into [isleading to] full-timeemploymentSocial networkingtechnology sites (e.g.Linkedin)On-campus recruitingprogramsInternship, which turnedinto [is leading to] full-time employmentElectronic job boards(e.g. Monster)Company websites Word of mouth/friendsand familyrecommendations2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyUp to 3 Responses
  • 36. Copyright © 2013 Accenture All rights reserved. 362011/2012 Grads: How long do you expect to stay at your first job?2013 Grads: How long do you expect to stay at your first job?The Class of 2013 is expecting more career longevity from their first jobs: 68 percentof pending 2013 college grads expect to be at their first job more than three yearscompared to 49 percent of 2011/2012 college gradsLength of Stay at First Job10%5%36%27%22%2%30%33%35%0%5%10%15%20%25%30%35%40%I have already left my first job Less than 1 year 1-2 years 3-4 years 5 years or more2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyOption not given to 2013 Graduates
  • 37. Copyright © 2013 Accenture All rights reserved. 372011/2012 Grads: What are the most important benefits for an employer to offer?2013 Grads: What are the most important benefits for an employer to offer?Salary and health insurance topped the list as important employer benefits; whilechallenging work, mentoring and flexible hours also ranked highlyMost Important Employer Benefits12% 12%16%23%37%34%40%44%50%56%80%88%13% 14%17%20%32%35%39%42% 41%49%74%86%0%10%20%30%40%50%60%70%80%90%100%Employer’scorporate socialresponsibilityagendaEmployer’scommitment tothe environmentOpportunity togain globalexperienceOpportunity totravelReputation asan employerFormal training SocialatmosphereFlexible workhoursSupervisor whowill mentor andcoach meInteresting andchallengingworkBenefits such ashealth insuranceSalary,compensation2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyMultiple Responses
  • 38. Copyright © 2013 Accenture All rights reserved. 38Both 2011/2012 college grads and pending 2013 college grads believe theireducation prepared them for their career and the investment they made in theireducation was worthwhile2011/2012 Grads: To what extent do you agreewith the following statement: My educationprepared me for my job and career?2013 Grads: To what extent do you agree with thefollowing statement: My education prepared me formy job and career?2011/2012 Grads: To what extent do you agreewith the following statement: My investment in myeducation was worthwhile?2013 Grads: To what extent do you agree with thefollowing statement: My investment in myeducation was worthwhile?Education Prepared Me for Career Investment in Education Was Worthwhile4%9%23%43%22%2%5%15%43%35%0%5%10%15%20%25%30%35%40%45%50%Strongly Disagree Disagree Neither Agree norDisagreeAgree Strongly Agree2011/2012 (n=1,005)2013 (n=1,010)2%7%14%38%39%1%4%11%41%43%0%5%10%15%20%25%30%35%40%45%50%Strongly Disagree Disagree Neither Agree norDisagreeAgree Strongly Agree2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College GraduateEmployment Survey
  • 39. Copyright © 2013 Accenture All rights reserved. 392011/2012 Grads: What are your greatest concerns about your job?2013 Grads: What are your greatest concerns about your job?2011/2012 college grads chose earning potential (59 percent), work-life balance(40 percent), career advancement (40 percent) and fear of being bored (37 percent)as big job concernsJob Concerns7%10%14%19%16%15%19%30%37%33%40% 40%59%10%13%16%13%16%17%24% 24%27%36%31%40%41%0%10%20%30%40%50%60%70%None of theaboveWon’t meetinterestingpeopleWon’t have agoodrelationshipwith mysupervisorNo opportunityto travelinternationallyWon’t developmarketableskillsWon’t find ameaningfulmentorWon’t getenoughtrainingMy skills andunique talentswill beunderutilizedWill be bored Will beoverworkedWon’t be ableto move up intheorganizationWon’t havegood work/lifebalanceWon’t earn thesalary I wouldlike to earn2011/2012 (n=1,005)2013 (n=1,010)Base=All Respondents; n=2,015Source: Accenture 2013 College Graduate Employment SurveyMultiple Responses

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