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Accenture 2013 College Graduate Employment Survey Key Findings
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Accenture 2013-college-graduate-employment-survey

Oct 19, 2014

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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, 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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Page 1: Accenture 2013-college-graduate-employment-survey

Accenture 2013 College

Graduate Employment

Survey

Key Findings

Page 2: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 2

Accenture conducted an online survey in the United States of 1,010 students graduating from college in

2013 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 Demographics

Age Total Sample

n=2,015

2011/2012

Grads

n=1,005

2013

Grads

n=1,010

18-24 1,944 1,005 939

25+ 71 0 71

Type of college

2011/2012

Grads

n=1,005

2013

Grads

n=1,015

Four-year college 880 843

Two-year (junior or

community) college 121 148

Vocational-technical

college 4 19

Type of degree

2011/2012

Grads

n=1,005

2013

Grads

n=1,015

Bachelor of Arts (B.A.) 410 325

Bachelor of Science (B.S.) 460 479

Associate of Arts (A.A.) 48 102

Associate of Science (A.S.) 87 104

Year of

Graduation N=2,015

2011 486

2012 519

2013 1010

Entering Job

Market

2013 Grads

n=1,010

Yes 1,010

No 0

Page 3: Accenture 2013-college-graduate-employment-survey

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 need

more training in order to get their desired job

• The study identified a wide gap between the expectations pending 2013 college grads have for

employer-provided training and what they are likely to receive when they start working -- more than

three-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 training

in their first job after graduation

• 42 percent of 2011/2012 college grads expect they will need to pursue a graduate level degree to

further their career, more than twice as many of pending 2013 college grads, 18 percent of whom

expect 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 want

Executive Summary

Page 4: Accenture 2013-college-graduate-employment-survey

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 are

prepared to accept their first job offer, while 27 percent would consider working in a different field than

their 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 percent

had jobs by the time they graduated and another 42 percent were employed within six months of

graduation

• Among the 2011/2012 college grads who are unemployed, 48 percent said they would have fared

better in the job market with a different major, and 57 percent expect to go back to school within the

next five years

Executive Summary (continued)

Page 5: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 5

• The top three industries for both 2011/2012 college grads and pending 2013 college grads are

education, media & entertainment and healthcare

• Nearly two-thirds (64 percent) of pending 2013 college grads expect to be employed full time in their

field of study compared with 53 percent of 2011/2012 college grads who are currently working in their

field of study full time

• When 2011/2012 college grads who are not employed in their field of study were asked why, 45

percent said it was taking too long to find a job and 32 percent said there were not enough job

openings 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 college

Executive Summary (continued)

Page 6: Accenture 2013-college-graduate-employment-survey

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 $25K

or less

• Nearly one-third (30 percent) of pending 2013 college grads and 34 percent of 2011/2012 college

grads have $30K or less in student loans, 17 percent of pending 2013 college grads and 13 percent of

2011/2012 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 debt

themselves 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 44

percent of 2011/2012 college grads currently live at home

Executive Summary (continued)

Page 7: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 7

Accenture recommends employers improve how they hire and develop young

workers coming out of college:

Executive Summary (continued)

• Hire based on potential. Let go of the idea of finding perfect candidates that meet every skills criteria

and instead invest in young people with strong generalist skills who, with some training and

experience (and perhaps some job redesign), can perform in roles you might not have matched them

to at first glance. Use assessments, performance analysis and skills databases to identify those

young 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 cannot

assume recent college graduates will arrive on the job with the all the skills they need; and students

want training to develop the skills they need to succeed. Employers need to provide more and better

training and should use it to be an employer of choice.

• Work closely with educational institutions. Develop work experience programs like internships or

apprenticeships, create externships for professors and instructors, engage in curriculum development,

and create customized training and industry credential programs. These will help develop a fresh crop

of talent that is better suited to your organization’s needs, and lead to better matching of students to

jobs.

Page 8: Accenture 2013-college-graduate-employment-survey

Key Findings

Page 9: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 9

2011/2012 Grads: To what extent do you agree with the following statement: I believe I am

underemployed, 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%

StronglyDisagree

Disagree Neither Agreenor Disagree

Agree Strongly Agree

Base=Employed

2011/2012 Grads; n=936

Question not given to

2013 Graduates

Source: Accenture 2013

College Graduate

Employment Survey

Page 10: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 10

2011/2012 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 working

part-time and 7 percent have been unemployed since they graduated

4% 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 after

graduation

Unemployed sincegraduation

Intern Contractor/freelancer Part-time employee Full-time employee

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Employment Status

Unemployed options not given to 2013 Graduates

Page 11: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 11

2011/2012 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 finding

a job was difficult

20%

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 easy

2011/2012 (n=1,005)

2013 (n=1,010)

Finding a Job

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 12: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 12

2011/2012 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 while

only 16 percent of pending 2013 college grads have secured employment

6% 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 Job

Option not given to 2013 Graduates

Base=Employed 2011/2012 Grads and all 2013 Grad; n=1,946

Source: Accenture 2013 College Graduate Employment Survey

Page 13: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 13

2011/2012 Grads: To what extent do you agree with the following statement: To get my desired job, I

need more training post-graduation

2013 Grads: To what extent do you agree with the following statement: To get my desired job, I need

more training post-graduation.

63 percent of 2011/2012 college grads say they need more training to get their

desired job

2%

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 Agree

2011/2012 (n=1,005)

2013 (n=1,010)

Post-Graduation Training Needed

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 14: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 14

2011/2012 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 provide

formal training, while only 48 percent of those who graduated in 2011/2012 say they

received training from their first employers

First Employer Formal Training Provided / Expected

52% 48%

23%

77%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

No Yes

2011/2012 (n=936)

2013 (n=1,010)

Base=Employed 2011/2012 Grads and all 2013 Grad; n=1,946

Source: Accenture 2013 College Graduate Employment Survey

Page 15: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 15

2011/2012 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 graduate

degree to further their career, compared with only 18 percent of pending 2013

college grads who expect to do so

Types of Training Expect to Pursue Post–Graduation

4% 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 or

community college

Earn another degreealtogether

Graduate-levelclasses

Online courses Graduate degree Employer-providedformal training

On the jobtraining/experience

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 16: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 16

2011/2012 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 accept

their first job offer and 27 percent would consider working in a different field than

they majored in

Economy’s Affect on the Job Search

13%

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 job

search

None of theabove

Look in adifferentcountry

Look at adifferent field

from mymajor area of

study

Compromiseon job

requirements

Accept thefirst offer

Broaden mysearch byindustry orskill area

Willing tocommute

farther

Look in adifferent city

Accept alower salary

2011/2012 (n=1,005)

2013 (n=1,010)

Multiple Responses

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 17: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 17

2011/2012 Grads: Do you believe you would have fared better in the job market with a different major or

a different school?

Among unemployed 2011/2012 college grads, 48 percent said they would have fared

better in the job market with a different major

Would Have Fared Better with Different Major or School

(Unemployed 2011/2012 Grads Only)

Yes, different major, 48%

Yes, different school, 16%

No, 36%

Base=Unemployed 2011/2012 Grads; n=114

Source: Accenture 2013 College Graduate Employment Survey

Page 18: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 18

2011/2012 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 back

to school in the next five years

Expect 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 college

Yes, to a vocational-technical college

Base=Unemployed 2011/2012 Grads; n=114

Source: Accenture 2013 College Graduate Employment Survey

Question not given to 2013 Graduates

Page 19: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 19

2011/2012 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 have

enough experience

Reasons Unemployed

(Unemployed 2011/2012 Grads Only)

21%

38% 39% 41%

50%

0%

10%

20%

30%

40%

50%

60%

Other There is too muchcompetition for my

desired position

There are few openpositions in my

location

There are few openpositions in my field

Companies are telling me I don’t

have enough experience

Base=Unemployed 2011/2012 Grads; n=114

Source: Accenture 2013 College Graduate Employment Survey

Question not given to 2013 Graduates

Multiple Responses

Page 20: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 20

2011/2012 Grads: Will you need to pursue a four-year degree or graduate degree to get the job or

career you want?

2013 Grads: Will you need to pursue a four-year degree or graduate degree to get the job or career

you want?

Of the 2011/2012 college grads with a two-year degree, 52 percent say they will need

to pursue a four-year degree to get the job they want

Will 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 want

Graduate degree Four-year degree

2011/2012 (n=135)

2013 (n=206)Base=Two-Year Degree; n=341

Source: Accenture 2013 College Graduate Employment Survey

Page 21: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 21

2011/2012 Grads: To what extent do you agree with the following statement: I chose this type of degree

because 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 degree

because it would lead to a more certain job?

68 percent of 2011/2012 college grads and 73 percent of pending 2013 college

grads with a two-year degree chose that type of degree because they thought it

would lead to a more certain job

Chose 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 norDisagree

Agree Strongly Agree 2011/2012 (n=135)

2013 (n=206)

Base=Two-Year Degree; n=341

Source: Accenture 2013 College Graduate Employment Survey

Page 22: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 22

2011/2012 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 to

work in are education, media & entertainment and healthcare

Top Industry/Sector Choices

20%

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 2013 College Graduate Employment Survey

Base=All Respondents; n=2,015

Multiple Responses

Page 23: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 23

2011/2012 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 in

their field of study

Employed in Field of Study

36%

8% 3%

53%

11%

18%

7%

64%

0%

10%

20%

30%

40%

50%

60%

70%

No Yes, part time but prefer fulltime

Yes, part time and preferpart time

Yes, full time

2011/2012 (n=936)

2013 (n=1,010)

Base=Employed 2011/2012 Grads and all 2013 Grad; n=1,946

Source: Accenture 2013 College Graduate Employment Survey

Page 24: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 24

2011/2012 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 were

asked why, 45 percent said it was taking too long to find a job and 32 percent said

there were not enough job openings in their field

Why Not Employed in Field of Study

15%

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 to

work in mychosen field.

I didn’t expect my field of study to be my career,

but I I am working [I will work] in my

chosen career.

I studied in anarea in which

there are few orno directly

related jobs (e.g.,history).

The jobs I foundin my field were

not near mycurrent place of

residence.

I decided thatwas not the field

I wished topursue.

There are notenough job

openings 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 Field of Study; n=453

Source: Accenture 2013 College Graduate Employment Survey

Multiple Responses

Page 25: Accenture 2013-college-graduate-employment-survey

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2011/2012 Grads: What type of internship or co-op

did you participate in during school?

2013 Grads: What type of internship or co-op did

you participate in during school?

Out of the 72 percent of 2011/2012 college grads who did an internship during

school, only 42 percent said it led to a job

2011/2012 Grads: Did your internship or co-op lead

to a job post-graduation (either in the same

company or indirectly through networking to get a

job in another company)?

2013 Grads: Did your internship or co-op lead to a

job post-graduation (either in the same company or

indirectly through networking to get a job in another

company)?

Internship/Co-Op Participation

Did Internship/Co-Op Lead to a Job

36%

40%

32%

36% 37%

32%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

I did not participate in aninternship/co-op

Unpaid internship/co-op Paid internship/co-op

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

58%

42%

52% 48%

0%

10%

20%

30%

40%

50%

60%

70%

No Yes

2011/2012 (n=642)

2013 (n=645)

Base=Grads Who Participated in Internship/Co-op; n=1,287 Multiple Responses

Page 26: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 26

2011/2012 Grads: Did you transfer from a two-year college (junior or community college) into a four year college?

2013 Grads: Did you transfer from a two-year college (junior or community college) into a four year college?

Of the pending 2013 college grads who went to a four-year institution, 26 percent

transferred from a junior or community college, while only 11 percent of the 2011/2012

college grads began their college education at a junior or community college

Transferred 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 No

2011/2012 (n=880)

2013 (n=843)

Base=Four-Year College; n=1,723

Source: Accenture 2013 College Graduate Employment Survey

Page 27: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 27

2011/2012 Grads: What is your current annual salary (Note: If you are unemployed but had a job since

graduating 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 the

current job market

Current Annual Salary / Salary Expectations

2% 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=1,946

Source: Accenture 2013 College Graduate Employment Survey

Option not given to 2013 Graduates

Page 28: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 28

2011/2012 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 pending

2013 college grads are carrying $30K or less in student loans, and respectively,

13 percent and 17 percent have $30K to $50K in debt

Student Loan Debt

41%

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 <$30,000

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Option not given to 2013 Graduates

Page 29: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 29

2011/2012 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 taking

on the debt themselves and will be paying it off with no help from their parents

Student Loan Debt Payment

1% 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 loan

My parents (or others) arepaying my student loans

I am sharing the debt with myparents (or others)

I am paying my student loans

2011/2012 (n=593)

2013 (n=649)

Base=Grads with Student Loan Debt; n=1,242

Source: Accenture 2013 College Graduate Employment Survey

Page 30: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 30

2011/2012 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 home

after graduation, while 44 percent of 2011/2012 college grads are currently living

at home

Living Situation Post-Graduation

11%

33%

56%

32%

68%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Living with my parents/family and wasnot as planned

Living with my parents/family asplanned

Living on my own or with friends

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Option not given to 2013 Graduates

Page 31: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 31

2011/2012 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 STEM

degree, followed by business and arts & humanities

Major - Area of Study

7%

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=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 32: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 32

2011/2012 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 jobs

in their field when they chose their major

Considered Availability of Jobs Before Deciding Major

38%

62%

25%

75%

0%

10%

20%

30%

40%

50%

60%

70%

80%

No Yes

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 33: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 33

2011/2012 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 major

based on a passion for study in that area

Why Chose Major

1% 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 of

study.

It prepared me fora professional

graduate degree.(e.g., medicine,

law)

This major wasrelatively easy toearn a degree in.

Members of myfamily or close

friends are in thatfield.

I believe that Icould make the

most money in myfield of study.

It provided me withpersonal

growth/heightenedmy awareness of

the world.

I believe there area lot of job

opportunities 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=2,015

Source: Accenture 2013 College Graduate Employment Survey

Multiple Responses

Page 34: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 34

2011/2012 Grads: Which of the following do you believe helped you (or will help you) land your first or

current 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 job

What Helped/Will Help Land First Job

6%

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 theabove

Socialnetworking

Clubs andactivitiesoutside of

school

Good digitalprofile (e.g.Facebook,Linkedin)

Additionaltraining outside

of school

The prestige ofmy school

Clubs andactivities at

school

Volunteerexperiences

Friends andfamily

connections

In-personnetworking

Internship A creativeresume

My degree

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Multiple Responses

Page 35: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 35

2011/2012 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 effective

method of finding a job, only 22 percent of 2011/2012 college grads found internships

effective; connections from friends/family was viewed as highly effective by both groups

Effective Job Search Methods

4%

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-time

employment

Social networkingtechnology sites (e.g.

Linkedin)

On-campus recruitingprograms

Internship, which turnedinto [is leading to] full-

time employment

Electronic job boards(e.g. Monster)

Company websites Word of mouth/friendsand family

recommendations

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Up to 3 Responses

Page 36: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 36

2011/2012 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 percent

of pending 2013 college grads expect to be at their first job more than three years

compared to 49 percent of 2011/2012 college grads

Length of Stay at First Job

10%

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 more

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Option not given to 2013 Graduates

Page 37: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 37

2011/2012 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; while

challenging work, mentoring and flexible hours also ranked highly

Most Important Employer Benefits

12% 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’s corporate social

responsibility agenda

Employer’s commitment to

the environment

Opportunity togain globalexperience

Opportunity totravel

Reputation asan employer

Formal training Socialatmosphere

Flexible workhours

Supervisor whowill mentor and

coach me

Interesting andchallenging

work

Benefits such ashealth insurance

Salary,compensation

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Multiple Responses

Page 38: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 38

Both 2011/2012 college grads and pending 2013 college grads believe their

education prepared them for their career and the investment they made in their

education was worthwhile

2011/2012 Grads: To what extent do you agree

with the following statement: My education

prepared me for my job and career?

2013 Grads: To what extent do you agree with the

following statement: My education prepared me for

my job and career?

2011/2012 Grads: To what extent do you agree

with the following statement: My investment in my

education was worthwhile?

2013 Grads: To what extent do you agree with the

following statement: My investment in my

education was worthwhile?

Education Prepared Me for Career Investment in Education Was Worthwhile

4%

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 norDisagree

Agree Strongly Agree

2011/2012 (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 norDisagree

Agree Strongly Agree

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Page 39: Accenture 2013-college-graduate-employment-survey

Copyright © 2013 Accenture All rights reserved. 39

2011/2012 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 concerns

Job Concerns

7%

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 theabove

Won’t meet interesting

people

Won’t have a good

relationship with my

supervisor

No opportunityto travel

internationally

Won’t develop marketable

skills

Won’t find a meaningful

mentor

Won’t get enough training

My skills andunique talents

will beunderutilized

Will be bored Will beoverworked

Won’t be able to move up in

the organization

Won’t have good work/life

balance

Won’t earn the salary I would

like to earn

2011/2012 (n=1,005)

2013 (n=1,010)

Base=All Respondents; n=2,015

Source: Accenture 2013 College Graduate Employment Survey

Multiple Responses