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 full- time 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 follow- up 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 New York Presbyterian Hospital JPMorgan Chase & Co. NYC Dept. of Education Montefiore Medical Center Pace University Morgan Stanley Zenith Optimedia Additionally, hired 4 or more Pace graduates: Bank of New York Northern Westchester Hospital BDO USA OCME BNY Mellon Societe Generale Corporate & Con Edison Investment Bank Goldman Sachs TimeLink HSBC Verizon Mount Sinai Medical Center White Plains Hospital New York Life Insurance
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 JPMorgan Chase & Co. American International Group, Inc. Morgan Stanley (AIG) MTV Networks Bank of America Merrill Lynch New York County District Attorney's Cape Securities, Inc. Office Deutsche Bank UBS Hearst Magazines Zenith Optimedia IBM Additionally, hired 5 or more Pace interns: Altfest Personal Wealth Management NBC Universal Aon Corporation NYC Financial Network Action Consortium Argus Information & Advisory Services, LLC NYSE Euronext Camelot Communications Omnicom Group City of Stamford Pace University Diesel USA, Inc. Rachael Ray-KWP Studios Inc. Goldman, Sachs & Co. SCHOTT North America, Inc. Haver Analytics, Inc. The WhiteRock Group, LLC Kings County District Attorney's Office United Staffing Solutions Marsh & McLennan Companies, Inc. Warner Music Group
My Sports Dreams WPP Group Inc.
# of Average Continuing Degree Graduates # w/ Data Employed* Salary Education* Surveyed Dyson Arts & Sciences 795 Bachelor 583 460 (79%) 70% $35,000 28% Master 212 153 (72%) 83% $47,000 Lubin School of 915 Business Bachelor 551 426 (77%) 77% $49,000 10% Master 364 273 (75%) 84% $70,000 Seidenberg CSIS 179 Bachelor 47 30 (64%) 84% $74,000 20% Master 132 108(82%) 88% $76,000 College of Health 264 Professions Bachelor 115 81 (70%) 67% $64.000 23% Master 149 91 (61%) 94% $87,000 Education 183 Bachelor 16 16 (100%) 50% None Given 69% Master 167 115 (69%) 77% $53,000 * 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: When Undergrad students received job offers:
Within 3 Had job
Networking 29% months of while graduation attending Co-op Internship 21% 21% school Applied Directly 16% 23%
eRecruiting/RR 10%
Internet Source 9% Employment Agency 5%
Campus Interview Program 4%
Faculty Referral 3% Career Fairs 2% Prior to or More than 3 upon months after Alumni Contact 1% graduation graduation 0% 20% 40% 30% 26%