Pace University Career Services Annual Graduation Outcomes and Internship Report 2011 Overview: Pace University’s Career Services department prides itself on collecting and reporting yearly graduation outcomes in the form of an Annual Report. This data is used to summarize placements (both fulltime and internships), salaries and continuing education plans for each graduation class. Despite a very slow economic recovery, Pace students were fortunate to have access to over 3,000 fulltime jobs and over 2,900 internships that were posted on e Recruiting, our dedicated student job board. Pace University’s strong commitment to internships and other practice-based experiences gives our students an advantage in a difficult job market. In fact, data just collected on Pace’s class of 2012 indicates an undergraduate employment rate (at graduation) of 10% above the national average. Graduates from the class of 2011 who entered the job market with experience gained through an internship, clinical, fieldwork or student teaching fared best. These students’s full-time placement rate were 7% higher than those that had not completed an internship. 81% of students who responded to our graduation survey were employed. More than half of all Pace undergraduates with reported employment had secured their jobs on or before commencement and 85% were in jobs related to their field of study. This report summarizes the employment highlights of the Pace Class of 2011 including internship activity from 2001-2011 with detailed school reports. Data is based on a 75% overall response rate to the graduation survey. How we obtained the data: The survey is conducted at cap & gown pick up sessions in May, through mailings that are sent out after each of the 3 graduation dates (January, June & September) and then another followup mailing to all non-respondents 3 months after the initial mailing, followed by phone calls that are conducted by RuffaloCody Call Center from December through April. Final follow-up, including calls to & social media searches on all non-respondents and Still Seekers, were made by Career Services staff between April and May. 75% of the graduating students provided postgraduate information (77% undergrad and 72% grad). 44% of them provided salary information. Highlights: Overall Placement Rate: 81% of Pace graduates (both bachelor and master degree recipients) reported full-time employment within one year of graduation. 85% were working in positions that related to their field of study. o Undergraduate Placement Rate: 76% were employed full-time, 20% were continuing their education (55 students were going to grad school and employed). 94 graduates were enrolled at Pace for post-baccalaureate studies and 7 at Pace Law School for their JD degree. o Master Level Placement Rate: 86% were employed, 5% continuing their education ( 17 students were continuing in grad school and employed).More than 90% of Seidenberg and College of Health Professions were employed. The median base salary for bachelor degree graduates was $45,000. The median base salary for master degree graduates was $63,000. 3% of graduates reported signing bonuses. 94% of the 5 yr combined degree BBA/MBA graduates in public accounting were employed with a median salary of $56,000; 11% higher than the national average of $50,500 for BBA accounting; according to NACE. 60% of undergraduates completed an internship, practicum, clinical or student teaching experience. 24% of interns received job offers from their employers, 66% accepted the offer. 41% of Pace graduates obtained their jobs through a Pace-related service or activity Organizations employing Class of 2011 included: Hired 8 or more Pace graduates: The “Big 4” accounting firms JPMorgan Chase & Co. Montefiore Medical Center Morgan Stanley Additionally, hired 4 or more Pace graduates: Bank of New York BDO USA BNY Mellon Con Edison Goldman Sachs HSBC Mount Sinai Medical Center New York Life Insurance New York Presbyterian Hospital NYC Dept. of Education Pace University Zenith Optimedia Northern Westchester Hospital OCME Societe Generale Corporate & Investment Bank TimeLink Verizon White Plains Hospital Approx. 2,400 university sponsored internship & fieldwork experiences were completed by 1900+ students in 2010-2011. o 1030 internships were for experience only (26% of these were for international students); 998 were for academic credit o Approx. 1600 were undergraduate placements; 800 were master’s degree placements o 52% of internships were paid; the average salary for Bachelor degree candidates: $15.90/hr; Master degree candidates $17.61/hr. Employers hiring co-op interns include: Hired 10 or more Pace interns: the “Big 4” accounting firms American International Group, Inc. (AIG) Bank of America Merrill Lynch Cape Securities, Inc. Deutsche Bank Hearst Magazines IBM JPMorgan Chase & Co. Morgan Stanley MTV Networks New York County District Attorney's Office UBS Zenith Optimedia Additionally, hired 5 or more Pace interns: Altfest Personal Wealth Management Aon Corporation Argus Information & Advisory Services, LLC Camelot Communications City of Stamford Diesel USA, Inc. Goldman, Sachs & Co. Haver Analytics, Inc. Kings County District Attorney's Office Marsh & McLennan Companies, Inc. My Sports Dreams Degree Dyson Arts & Sciences Bachelor Master Lubin School of Business Bachelor Master Seidenberg CSIS Bachelor Master College of Health Professions Bachelor Master Education Bachelor Master # of Graduates Surveyed 795 583 212 915 NBC Universal NYC Financial Network Action Consortium NYSE Euronext Omnicom Group Pace University Rachael Ray-KWP Studios Inc. SCHOTT North America, Inc. The WhiteRock Group, LLC United Staffing Solutions Warner Music Group WPP Group Inc. # w/ Data Employed* Average Salary Continuing Education* 460 (79%) 153 (72%) 70% 83% $35,000 $47,000 28% 551 364 179 47 132 264 426 (77%) 273 (75%) 77% 84% $49,000 $70,000 10% 30 (64%) 108(82%) 84% 88% $74,000 $76,000 20% 115 149 183 16 167 81 (70%) 91 (61%) 67% 94% $64.000 $87,000 23% 16 (100%) 115 (69%) 50% 77% None Given $53,000 69% * Includes only those respondents who indicated one of the following: Employed full-time Starting own business or self-employed Seeking full-time employment Respondents who indicated Continuing Educational may have also indicated Employed full-time. How Undergrad students obtained their jobs: Networking When Undergrad students received job offers: Within 3 months of graduation 21% 29% Co-op Internship 21% Applied Directly 16% eRecruiting/RR 10% Internet Source 9% Employment Agency Had job while attending school 23% 5% Campus Interview Program 4% Faculty Referral 3% Career Fairs 2% Alumni Contact 1% 0% 20% 40% Prior to or upon graduation 30% More than 3 months after graduation 26%
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