Career Outcomes of the Class of 2011 Office of Career ... · Class of 2011 Salary Survey The Stevens 2011 average starting salary of $62,200 is up 3.5% over last year’s average

CareerOutcomesoftheClassof2011OfficeofCareerDevelopment

Office of Career Development 6th Floor Howe Center

1 Castle Point on Hudson Hoboken, NJ 07030

(201) 216-5166

www.stevens.edu/ocd/

From the Director

TABLE OF CONTENTS Overview 3

Career Outcomes 3

Salary Survey 4

Career Outcomes by Degree 5

Bachelor of Engineering 5

Bachelor of Science 8 Bachelor of Arts 10

Employer Activity 11

Employer Campus Activity 11 Top Hiring Employers 12

Observations 13 Industry Hiring Trends 13 Women in Engineering 14 Multiple Degrees 15

Addendum

Fast Facts by Major

On behalf of the Office of Career Development, it is my pleasure to share the career accomplishments of the Class of 2011. Six months after graduation, 93% of respondents had secured employment, admission to graduate school, law school, or medical school, with 1% entering the military. All members of the Class were contacted, and outcomes information was solicited, from September 2010 through October 2011. The report that follows is based on a response rate of 89%. Our greatest honor is to foster the success of Stevens students. It has been the privilege of the Office of Career Development to guide and support the Class of 2011. Sincerely, Lynn Insley Director of Career Development

2011 Graduates with Bachelor’s Degrees Status 2011 2010 YoY*Employed 63% 50% +12%Graduate School 24% 33% -9%Returning to Home Country/Traveling 5% 2% +3%

Military 1% <1% -Outcomes Finalized 93% 86% +6%Seeking Employment 7% 14% -6%

*YoY is a year over year comparison. Note: The Class of 2011 was 17% larger than the Class of 2010.

2011 Undergraduates Pursuing Advanced Degrees 24% of the Class reported continuing their education. Status Graduate School 91%Medical School 6%Law School 2%Dental School 1%

Career Outcomes Overview

*Includes on-campus interviews, career fairs, summer internships leading to full-time employment and job postings on Castle Point Careers

Of the 24% continuing their

education, 9% are pursuing a PhD at the following institutions:

Columbia University Cornell University

Rensselaer Polytechnic Institute University of California, Berkeley

University of Pennsylvania

Page 3

66%12%

6%14%

2%

Origin of Employment

Office of Career Development*

Cooperative Education

Internet/Company Website

Networking

Other

Class of 2011 Salary Survey The Stevens 2011 average starting salary of $62,200 is up 3.5% over last year’s average.

Lowest Accepted Salary

Highest Accepted Salary

Average Accepted Salary

Bachelor of Engineering

Biomedical Engineering $47,000 $70,000 $59,700 Chemical Engineering $60,000 $71,000 $65,750 Civil/Environmental Engineering $53,000 $95,000 $58,650 Computer Engineering $55,000 $80,000 $67,000 Electrical Engineering $55,000 $80,000 $63,200 Engineering Management $50,000 $80,000 $61,300 Mechanical Engineering $45,000 $96,000 $61,400

Bachelor of Science

Business & Technology $40,000 $80,000 $59,500 Computer Science $45,000 $95,000 $66,150

Total Survey $40,000 $96,000 $62,200*

* This number is a weighted average.

Three Year Salary Comparison

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

2009

2010

2011

Salary Survey Overview

Page 4

Aerospace/Defense

5%Business

Consulting5%

Construction5%

Energy3%

Engineering Services

10%

Finance11%

Government9%Healthcare

1%

Hospitality/Retail

2%

Technology/Telecom

7%

*** This number is a weighted average.

Bachelor of Engineering Outcomes Includes the following majors: Biomedical Engineering, Chemical Engineering, Civil/Environmental/Naval Engineering, Computer Engineering, Electrical Engineering, Engineering Management, Mechanical Engineering 2011 Engineering Outcomes Employed 62% Graduate School 22% Returning to Home Country/Traveling 6%

Military 2% Outcomes Finalized 92% Seeking Employment 8%

Biomedical Engineering

2011 Biomedical Engineering GraduatesEmployed 40%Graduate School 49%Returning to Home Country/Traveling 2%

Military -Outcomes Finalized 91%Seeking Employment 9%

Biomedical Engineering Average SalariesStevens Average $59,700

Chemical Engineering

2011 Chemical Engineering GraduatesEmployed 63%Graduate School 25%Returning to Home Country/Traveling

6%


Chemical Engineering Average Salaries

Stevens Average $65,750

Bachelor of Engineering Outcomes

Average Salary for 2011 Stevens Graduates with Bachelor of Engineering Degrees $62,625

Engineering Industry Breakdown

Manufacturing/Pharmaceutical

42%

Page 5

Civil, Environmental, and Naval Engineering

2011 Civil, Environmental & Naval Engineering GraduatesEmployed 56%Graduate School 28%Returning to Home Country/Traveling -Military 4%Outcomes Finalized 88%Seeking Employment 12%

Civil, Environmental and Naval Engineering

Average SalariesStevens Average $58,650

Computer Engineering

2011 Computer Engineering GraduatesEmployed 70%Graduate School 10%Returning to Home Country/Traveling 10%Military -Outcomes Finalized 90%Seeking Employment 10%

Computer Engineering Average Salaries

Stevens Average $67,000 Electrical Engineering

2011 Electrical Engineering GraduatesEmployed 58%Graduate School 13%Returning to Home Country/Traveling 21%Military -Outcomes Finalized 92%Seeking Employment 8%

Electrical Engineering Average Salaries



Page 6

Engineering Management

2011 Engineering Management GraduatesEmployed 77%Graduate School 11%Returning to Home Country/Traveling -

Military 4%Outcomes Finalized 92%Seeking Employment 8%

Engineering Management Average Salaries

Stevens Average $61,300 Mechanical Engineering

2011 Mechanical Engineering GraduatesEmployed 66%Graduate School 16%Returning to Home Country/Traveling 6%

Military 3%Outcomes Finalized 91%Seeking Employment 9%

Mechanical Engineering Average Salaries



Page 7

Bachelor of Science Outcomes Includes the following majors: Applied Physics, Business & Technology, Chemistry, Chemical Biology, Computer Science, Cybersecurity, Engineering Physics, Information Information Systems, Mathematics, Quantitative Finance 2011 Science Outcomes Employed 64%Graduate School 32%Returning to Home Country/Traveling 1%


Chemistry/Chemical Biology

2011 Chemistry & Chemical Biology Graduates

Employed 17%Graduate School 62%Medical School 17%Dental School 4%Returning to Home Country/Traveling -

Military -Outcomes Finalized 100%Seeking Employment -

Insufficient data to provide average salary information for Chemistry and Chemical Biology graduates.

Computer Science, Cybersecurity, and Information Systems

2011 Computer Science, Cybersecurity and Information Systems Graduates

Employed 80%Graduate School 20%Returning to Home Country/Traveling

-


Computer Science, Cybersecurity and Information Systems Average Salaries


Bachelor of Science Outcomes

Average Salary for 2011 Stevens Graduates with Bachelor of Science Degrees

$61,425

AerospaceDefense

3%

Business Consulting

9%

Education3%

Finance57%

Government6%

Insurance1%

Hospitality/Retail1%

TechnologyTelecom

13%

Sciences Industry Breakdown

Manufacturing/ Pharmaceutical

7%

Page 8

Business & Technology and Quantitative Finance

2011 Business & Technology and Quantitative Finance Graduates

Employed 79%Graduate School 15%Returning to Home Country/Traveling 2%


Business & Technology and

Quantitative Finance Average SalariesStevens Average $59,500

Applied Physics and Engineering Physics

2011 Applied Physics and Engineering Physics Graduates

Employed 60%Graduate School 40%Returning to Home Country/Traveling

-


Applied Physics and Engineering Physics

Average SalariesStevens Average $65,150

Mathematics

2011 Mathematics GraduatesEmployed 57%Graduate School 14%Returning to Home Country/Traveling

-


Insufficient data to provide average salary information

Bachelor of Science Outcomes

Page 9

Bachelor of Arts Outcomes Includes the following majors: Art & Technology, History, Literature, Music & Technology

2011 Arts Outcomes Employed 43%Graduate School 14%Returning to Home Country/Traveling

29%


Insufficient data to provide salary information

Bachelor of Arts Outcomes

Page 10

2011 On-Campus Recruiting Program:

First round interviews conducted in the Career Development Office

859

Employer Activity

Aerospace/Defense

2%

Construction4%

Business Consulting

17%

Energy4%

Government2%Finance

16%

Healthcare2%


4%

Utilities1%

Media/Entertainment

3%

Hospitality/ Retail1% Technology/

Telecom19%


25%

Full-Time Opportunities Posted for Class of 2011

1,203 Industry Breakdown: First Round Campus Interviews

Evening Corporate

Information Sessions

31

Page 11

0

20

40

60

80

100

Class of 2011Career Fair

DecemberCareer Fair

Spring CareerFair

94

50

86

In 2011, 230 employers participated in a Stevens Career Fair, 37 participated in more than one.

2011 Career Fairs

Employer Attendance by Event

2011 Top Hiring Employers* Barclays Capital Booz Allen Hamilton Control Associates ExxonMobil Federal Reserve Bank of NY Johnson & Johnson JPMorgan Chase L’Oreal NAVAIR NAVSEA Stryker Orthopaedics UBS

Top Hiring Employers for the Last Three Consecutive Years

Johnson & Johnson JPMorgan Chase NAVAIR

Ten Year Top Employer Hiring Summary Accenture ADP ARUP Avaya BAE Systems Barclays Capital Becton Dickinson Bergmann Associates Booz Allen Hamilton Burns & Roe Citigroup, Salomon Smith Barney/Citibank Colgate Palmolive Con Edison Control Associates CSSC Deloitte Consulting Deutsche Bank ExxonMobil Federal Reserve Bank of NY Goldman Sachs

Hamilton Sundstrand IBM ITT Industries Johnson & Johnson/Ethicon JPMorgan Chase Kiewit Construction Company Knolls Atomic Power Lab L’Oreal Langan Engineering Lehman Brothers Lockheed Martin Medtronic Merck Merrill Lynch Microsoft Morgan Stanley NAVAIR NAVSEA Northrup Grumman Pershing Picatinny Arsenal

Port Authority Prolifics PSEG Schering-Plough Schiavone Construction Siemens Power Generation Stryker Howmedica Osteonics Stryker Orthopaedics Sun Chemical TaxStream/Thomson Reuters The MITRE Corporation The Vanguard Group Turner Construction UBS Financial United Water UPS URS Corporation US Army CERDEC/CECOM US Patent and Trademark Office Verizon Communications Verizon Wireless

*Hired three or more graduating students in a given year.

34%

33%

17%

8%8%

2011 Industries of Top Employers

Finance


Government

Business Consulting

Technology/Telecom

Employer Activity

Page 12

0% 10% 20% 30% 40%

Aerospace/Defense

Business Consulting

Construction


Finance

Government


Technology/Telecom

2011

2010

2009

2008

Class of 2011 Industry Breakdown For those who have accepted employment, the greatest percentage (32%) will be working in the Manufacturing/Pharmaceutical sector with the financial sector a close second at (24%).

2008 - 2011 Industry Comparison The chart below depicts the industry distribution of accepted employment of this year’s graduates as well as graduates from the preceding 4 years.

Stevens graduates continued the 2010 trend in accepting employment in the Manufacturing/Pharmaceutical sector at an increasing rate (+11%), followed by the Financial Sector (+6%). Engineering Services decreased for the Class of 2011 by 8%, and the Construction Sector is down 5%. Aerospace/Defense is slowly recovering from the 14% decrease experienced in 2010, with a modest gain of 2% this year.

Aerospace/ Defense

5%Technology/

Telecom9% Business

Consulting6%


7%

Education1%

Finance24%

Energy2%

Insurance1%

Government8%

Healthcare1%

Construction3%


32%

Hospitality/Retail

1%

Observation: Industry Hiring Trends

Page 13

Women at Stevens For the first time, the National Association of Colleges and Employers (NACE) benchmarked graduating student salaries according to gender. The analysis showed salaries of female engineering graduates surpassing that of males nationally*. An analysis of Stevens 2011 salaries according to gender produced a similar outcome. However, the average salaries of female Computer Science and Business & Technology graduates also surpassed that of their male counterparts. The Stevens salary comparison data is provided below.

*NACE Spring 2011 Salary Survey

Average Salary Data of Female 2011 Graduates

School Average Salaries of Women

Difference from Salaries of Men

Engineering $63,314 +3.5%Computer Science $68,840 +6.5%Business $61,200 +6.4%

*Not enough data to report on Sciences and Arts & Letters

Outcomes of Female 2011 Graduates

Women of the Class of 2011Employed 57%Graduate School 33%Returning to Home Country/Traveling 2%Military <1%Outcomes Finalized ~92%Seeking Employment 8%

Observation: Women at Stevens

Page 14

Multiple Degrees The Class of 2011 includes 83 students who earned more than one degree concurrently. Below is a breakdown of the degrees awarded and post-graduation outcomes.

Degrees Awarded Total Bachelor’s & Master’s Degrees 65 Two Bachelor’s Degrees 2 Two Bachelor’s Degrees & One Master’s Degree 1 One Bachelor Degree & Two Master’s Degrees 1 Dual Degree Program with New York University 14

2011 Graduates with Multiple Degrees Reporting Outcomes

Employed 75%Graduate School 16%Returning to Home Country/Traveling 3%Military 1%Outcomes Finalized 95%Seeking Employment 5%

$59,000

$60,000

$61,000

$62,000

$63,000

$64,000

$65,000

$66,000

$67,000

Stevens' Multiple DegreeAverage

Stevens' Single DegreeAverage

$66,611

$62,200

Average Salaries for Students Obtaining Multiple Degrees Simultaneiously

Observation: Multiple Degrees

Page 15

Office of Career Development 6th Floor Howe Center

1 Castle Point on Hudson Hoboken, NJ 07030

(201) 216-5166

www.stevens.edu/ocd/

Documents

Career Outcomes of the Class of 2011 Office of Career ... · Class of 2011 Salary Survey The Stevens 2011 average starting salary of $62,200 is up 3.5% over last year’s average