Life Beyond the Square 2011

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LIFE BEYOND THE SQUARECLASSOF 2011

Table of Contents

EXECUTIVE SUMMARY Page 2INTRODUCTION Page 3

OVERVIEW Pages 3-4Methodology, Page 3Response Number/Response Rate, Page 3Missing Values, Pages 3Demographics, Page 4

CAREER PREPARATION Page 4Internships and Part-time Jobs, Page 4Utilizing Wasserman Center for Career Development, Page 4

EMPLOYMENT Pages 5-10Placement Rates, Page 5Securing Employment, Page 6Where NYU Graduates Work, Page 7Number of Job Offers, Page 7

Relationship Between Field Entered & School Attended, Page 8Career Choice, Page 8Salary/Bonus, Pages 8-10

POST-GRADUATE EDUCATION Page 11CONCLUSION Page 12

LIFE BEYOND THE SQUARE: CLASSOF 20111


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EXECUTIVE SUMMARY

The New York University Wasserman Center for Career Development conducted its annual Life Beyondthe Square survey of baccalaureate graduates from September to November of 2011 a timetableconsistent with national best practices of career development placement outcome surveys, since themajority of graduates secure their job during the months surrounding graduation. The followingrepresents the major findings for the graduating class of 2011.

91% of respondents were either employed or enrolled in a graduate or professional school program atthe time of the survey. Of the 91%, 81% were working, 13% were in graduate or professional school,and 6% reported both working and attending school. The placement rate was slightly above that of the2010 class, which was 90.5%.

Respondents enrolled in graduate and professional schools represent 144 unique disciplines, withhistorically consistent enrollment patterns among the top disciplines. The top 5: Law 29%, Medicine20%, Education 18%, Psychology 8%, and Social Work 6%.

83% of the respondents stated that they utilized the resources of the Wasserman Center for CareerDevelopment in their job search, up 2% from last year. These students were also found to earn a meansalary over $10,000 more than those who did not report using the Wasserman Center in their job search

According to employed respondents, 38% indicated that they obtained their position directly throughWasserman-related resources. 15% of respondents accepted a full-time job offer as a result of theirinternship, which is consistent with the national trend of employers utilizing internships as a way ofidentifying and test driving top talent, who can then be converted to full-time hires upon graduation.

This is especially true in the following industries: Financial Services, Communications, Healthcare,Technology, Accounting, and Consulting.

85% of the respondents secured their job in less than 3 months, compared to 77% from the class of2010.

40% of respondents received 2 or more job offers--also up from the prior year, which was previously36%.

The Northeast remained the top destination for employment, with 88% employed in the tri-state (NY,NJ, CT) area, and the majority of those, working in New York City. A year ago, just 61% reported workingin the tri-state vicinity. Outside of the Northeast, California was the only state with a large cluster of4%of respondents working there. NYU graduates, once again, continued to range far and wideinternationally, with new graduates employed across 37 countries.

Respondents reported working in over 60 different fields. The top 5 for employment: Entertainment (TVFilm, Music) 14%, Financial Services 10%, Education/Teaching 9%, Banking 7%, and Marketing 6%.

The overall mean salary for 2011 respondents was $50,600.The top 5 average starting salaries byindustry: Nursing $70,060, Banking $69,168, Financial Services (excluding Banking) $64,566,Consulting $61,660, and Accounting $57,931. Incidentally, NYU graduates by major make more moneythan their respective counterparts nationally (see page 10).

Out of4,948 graduates per the Registrar, 4,870 were surveyed (78 could not be contacted due toinaccurate or incomplete contact information). After utilizing emails, phone calls, and social media toascertain post-graduation status, there were 3,155 unique responses, which yielded a robust 65%response rate.



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INTRODUCTION

For over a decade, the Wasserman Center for Career Development has conducted the annual LifeBeyond the Square survey to detail the post-baccalaureate plans of NYU undergraduates. The datacollected is used to determine mean salaries and the most popular choices for both employment and

graduate or professional school enrollment. It is also used to measure the impact of the WassermanCenter on the student body it serves. The survey is routinely conducted from early September until mid-November following graduation a timetable that is consistent with National best practices of CareerDevelopment placement outcome surveys.

For this years presentation of our findings, we have utilized many more charts and graphs than in prioryears. This more visual format is also in line with best practices for Career Development placementoutcome surveys.

OVERVIEWMETHODOLOGY

The target population consisted solely of individuals who, based on the Registrars official records,received a Bachelors degree in either January or May of 2011 from the following schools: the College ofArts and Science (CAS); the Leonard N. Stern School of Business; the Steinhardt School of Culture,Education, and Human Development; the Silver School of Social Work; the Tisch School of the Arts; theGallatin School of Individualized Study; the School of Continuing and Professional Studies (SCPS); and theCollege of Nursing.

Bachelor degree recipients were first sent an email with a link to a smart survey, using Survey Monkey, inearly September. Graduates who had not responded were called during October and November andinterviewed via telephone by 15 phone interviewers. For those who did not respond to either therepeated email or phone inquiries, we researched and sought to verify post-graduation status viaLinkedIn, the professional networking site.

The purpose of the study was to collect employment, graduate and professional school, and demographicdata for each of the respondents. Depending on how individual questions were answered, therespondents could have been asked an upper limit of 18 questions, with demographic informationsupplied by the Registrar. Completion of an individual survey should have taken less than 5 minutes.

RESPONSE NUMBER / RESPONSE RATE

In order to ensure a high response rate, the Wasserman Center offered recent graduates an incentive:Inclusion in a drawing for a monetary prize if s/he completed the survey by a certain date. After datacleaning (removal of duplicates, as well as those deemed ineligible or unreachable), there were 3,155unique responses, including from those graduates who had moved abroad, and from which all itemresponse rates below are based. The original data supplied by the Registrar contained records for 4,948graduates. Of that number, 78 could not be contacted due to inaccurate or incomplete contact

information, resulting in 4,870 graduates. The final response rate was 65%.

MISSING VALUES

It should also be noted that throughout the analysis, missing values (i.e., questions that therespondents did not answer) were omitted. Thus, for several of the questions, the total percentage doesnot equal 100%. Additionally, Institutional Research Board (IRB) guidelines prohibit us from requiringstudents to answer all questions, so in some cases the number of responses to each question varies.



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DEMOGRAPHICS

Response Rate by EthnicityEthnicity

PercentageWhite36.5%Asian15.0%Other/Multi4.0%Black/AA2.0%American Indian0.5%

Native Hawaiian0.5%Did not respond41.5%

Response Rate by GenderGenderPercentageFemale64.0%Male

36.0%

Response Rate by Hispanic v. Not HispanicHispanic/Not HispanicPercentageHispanic6.0%Not Hispanic39.5%Did not respond54.5%

The survey respondents provide a fairly accurate representation of the ethnic makeup of NYUs Class of2011. Gender split was also historically consistent, though slightly edging up for females compared to theClass of 2010.

CAREER PREPARATIONINTERNSHIPS AND PART-TIME JOBS



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Students interest in part-time jobs and internships continues to increase primarily for two reasons. Mostimportant is that part-time jobs and internships are seen as a way to gain the practical experienceneeded to secure a good job after graduation and to help offset college-related expenses. A significantmajority of career development experts believe that students who have gained career-related experienceduring college have an advantage over less experienced graduates when the time comes to compete for

employment. And NYU students seem to agree, as 89% of the recent graduates had held part-time jobsand internships during their undergraduate years (from data originally reported in the 2011 Part-Time &Internship Survey).

UTILIZING WASSERMAN CENTER FOR CAREER DEVELOPMENT

Overall usage of the Wasserman Center by respondents was 83%, which is a slight increase from lastyear.

Wasserman Center Use by SchoolSchool Percenta

ge

Overall 83%College of Arts & Science 81%College of Nursing 76%

Gallatin School of Individualized Study 79%Leonard N. Stern School of Business 96%

School of Continuing and Professional Studies 67%Silver School of Social Work 83%

Steinhardt School of Culture, Education, and HumanDevelopment

78%

Tisch School of the Arts * 34%

* Note: Tisch School of the Arts students also have access to the Tisch Office of Career Development.



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EMPLOYMENTPLACEMENT RATES

The placement rate is defined by the ratio of graduates reporting that they held some type of job (full-

time or part-time) and/or were enrolled in school (part-time or full-time) to the total number of alumnireporting that they found a job and/or were enrolled in school or were currently looking for a job. Theplacement rate for the Class of 2011 respondents is 91% , which is also a slight increase from theClass of 2010.

*Placement Rate by SchoolSchool Percentage

Overall 91%

College of Arts & Science 90%

College of Nursing+ 81%

Gallatin School of Individualized Study 96%

Leonard N. Stern School of Business 95%School of Continuing and Professional Studies 91%

Silver School of Social Work 88%


90%

Tisch School of the Arts 91%

+ Note: While the overall job outlook for bachelors level nurses remains quite good, especially in long-term care, home health care, and in rural areas, the competition for open positions in other specialtiesand in urban settings has definitely stiffened (with experienced nurses putting in more hours, putting offretirement, or returning from retirement). Additionally, job interviews and offers are now often postponeduntil the candidates have passed their post-degree licensing exams which, in some cases, were after our

data collection period. We surmise that these factors, along with this class perhaps being more selective(of work setting and location) have contributed to the drop in the placement percentage versus the lastfew years.

* At the time of the survey, a number of international students seeking employment in the US were still workingthrough visa issues and were not eligible for work. Some professional program graduates, nursing students forexample, were waiting to complete their licensure requirements before being able to accept full-time positions. Also,a small percentage of students were not seeking full-time employment; among these are those auditioning orpursuing other performance based employment opportunities.



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SECURING EMPLOYMENT

Of the students who reported some type of job/school placement, 53% reported using Wasserman-related resources and 38% reported securing employment via Wasserman-related resources,including NYU CareerNet, On-Campus Recruitment, Career Fairs, NYU Staff members, Employer

Presentations, NYU Events, or were promoted from an internship.

Source of Employment by MethodMethod Percentage

NYU Source 38%

NYU CareerNet 15%NYU On-Campus Recruitment 10%

Internship Promotion (NYU) 6%NYU Staff Member Referral 3%

NYU Event 2%NYU Career Fair 1%

NYU Employer Presentation 1%Non-NYU Source 62%

Through a friend/relative, personalcontact

21%

Online Job Listing (not NYU CareerNet) 14%Targeted Employer 12%

Internship Promotion (not NYU) 9%Other 6%

One of the areas that the Wasserman Center for Career Development continues to focus on is to facilitatelearning outcomes that teach students how to ensure their marketability in any economic climate.Networking is key and the Wasserman team continues to provide services and coaching sessions to help

students learn to network effectively and to utilize social media channels professionally to identifyadditional job opportunities. This data also highlights the importance of encouraging students to engagein a targeted job search one in which they identify what they are interested in and qualified for ratherthan an indiscriminate job search, in which they apply for any open position.



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WHERE NYU GRADUATES WORK

Of the students reporting job placement, 97% are working in the United States, with the majority of thosestaying in the New York City metropolitan area.

Top 6 States for NYUEmployment

State Percentage

NY 84%

CA 4%NJ 3%

PA 2%CT 1%

MA 1%

There were 58 students who reported working abroad, spread out across 37 international locations.

Top 9 Global Locations for NYUEmployment

Country Percentage

China 11%

India 7%

United Arab Emirates 6%France 6%

Korea 6%Hong Kong 4%

Singapore 4%Tanzania 4%

United Kingdom 4%

NUMBER OF JOB OFFERS



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RELATIONSHIP BETWEEN FIELD ENTERED AND SCHOOL ATTENDED

For the most part, the data shows that the respondents entered fields that would be considered logicalgiven the school from which they graduated (e.g., most of the Stern students entered a business-relatedfield). However, this was not always the case. For example, financial services has historically been the

most popular career choice for both business and non-business graduates. And while the entertainmentindustry surpassed financial services for this recent class, a high interest in financial services remains.Except for some very specialized and technical fields, employers consider a candidates overall skill set,especially analytical and problem solving skills as well as verbal and written communication skills, to bethe primary qualification for employment rather than a students particular major.

CAREER CHOICE

There were approximately 60 different fields of industry in which NYU students reported working. Themost popular among them were:

SALARY/BONUS

The mean annual salary for the Class of 2011 respondents is $50,600, similar to the Class of2010, and well above the national overall average of $41,700 (based on NACEs Fall Salary Surveyfor2011 graduates).

The mean bonus was over $8,250, which is higher than last years findings of $7,850.



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The mean annual salary: By School, Gender, Ethnicity, Hispanic v. Not Hispanic, With / Without Use ofWasserman Center, Most Popular Majors, and Most Popular Industries.

Salary by SchoolSchool Mean

Overall $50,600College of Arts & Science $44,756College of Nursing $70,320

Gallatin School of Individualized Study $39,609Leonard N. Stern School of Business $62,285

School of Continuing and Professional Studies $55,152Silver School of Social Work $38,500


$40,212

Tisch School of the Arts $39,300

Salary by Gender

Gender MeanMale $56,428Female $47,157

Salary by EthnicityEthnicity MeanNative Hawaiian $57,667Asian $55,996White $48,523Other/MultiEthnic $45,954African American $45,560American Indian $35,000

Estimate based on a single data point (n=1).

Salary by Hispanic v. NotHispanic

Hispanic/NotHispanic

Mean

Not Hispanic $52,097Hispanic $45,291

* Salary With / Without Use of Wasserman CenterJob Search Method Mean

Involved NYU Wasserman $54,788Did not involve NYU Wasserman $44,329

* Note: This is the first time that this statistic is calculated and reported. The difference in the averagesalary of the students who reported using Wasserman for their job search (even if they did not ultimatelyreceive their job because of Wasserman) to those that did not is significant. While the choice in industries(especially financial services and consulting), which often require the use of on-campus recruitment andmeeting with a career counselor for at least a resume critique or mock interview, is certainly a factor, itmay also highlight a widely-accepted anecdote: That students who utilize, and take full advantage of, theWasserman Center and its myriad services are often far better prepared for the job search.



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Relationship Between Salary and the Most Popular MajorsMajor Mean* National

Average**

Difference

Nursing $70,320 $48,100 $22,220

Finance $66,439 $48,300 $18,139Accounting $59,383 $50,500 $8,883

Economics $54,143 $54,400 ($257)Marketing $49,079 $51,200 ($2,121)

Politics $43,625 $38,100 $5,525Biology $42,900 $38,100 $4,800

Acting $42,350 N/A N/A

History $40,846 $37,000 $3,846Film and Television $40,684 N/A N/A

Art History $40,467 N/A N/A

English $40,273 $37,400 $2,873

Media, Culture,Communication

$40,080 $37,400 $2,680

Anthropology $40,048 N/A N/A

Individualized $39,959 N/A N/APsychology $39,681 $32,300 $7,381

Environmental Studies $38,900 N/A N/AJournalism $38,073 $38,400 ($327)

Drama $37,950 $25,235 $12,715Music Business $37,063 N/A N/A

* Mean salaries do not reflect signing, relocation, or end of year bonuses which are standard in someindustries.

** According to the National Association of Colleges and Employers (NACE), Fall 2011 Salary Survey.

Salary by IndustryIndustry Mean

Nursing $70,060Banking $69,168

Financial Services $64,566Consulting $61,660

Accounting $57,931Healthcare Administration $51,552

Marketing $46,707Fashion/Retail $45,560

Hospitality $44,188Advertising $43,109Internet/New Media $41,594

Science/Research $40,878

Law/Paralegal $40,819Education/Teaching $40,711

Communications $40,413Entertainment $37,560

Non-Profit $36,490



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Public Relations $35,405

Publishing $34,615



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POST-GRADUATE EDUCATION

Graduate school enrollment overall was 19%, 3% less than the class of 2010; however, the percentageattending school full-time rose by 4%. And for those currently not attending a post-bachelors program,64% reported intentions to attend graduate or professional school in the future, which

represents an 11% drop from 2010.

Graduate School Enrollment by SchoolSchool Percentage

Overall 19%College of Arts & Science 29%

College of Nursing 10%Gallatin School of Individualized Study 17%

Leonard N. Stern School of Business 6%School of Continuing and Professional Studies 10%

Silver School of Social Work 81%Steinhardt School of Culture, Education, and Human

Development

22%

Tisch School of the Arts 49%

There were 144 unique areas of study reported, with the first 3 typically leading the way. The top 13fields:

Students Enrolled in Graduate School By Area ofStudy

Area of Study Percentage

Law 29%

Medicine 20%

Education 18%Psychology 8%

Social Work 6%

Nursing 5%Economics 4%

Dentistry 3%Public Health 3%

International Affairs 2%Public Administration 2%

MBA 1%Veterinary 1%



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CONCLUSION

New York University continues to have among the most successful graduates in the country. Theplacement rate for survey respondents from the undergraduate Class of 2011 was 91%, a slight uptickfrom last years and despite the continuing softness of the overall economy. Once again, savvy,

experienced, and well-prepared students who are supported and encouraged by the timely andstrategically planned initiatives of the Wasserman Center for Career Development, in collaboration withacademic departments, employers, and the entire University Community, have helped to achieve theseresults.

As students, this class took advantage of the resources, support, and experience of the WassermanCenter, including NYU CareerNet, career fairs, and special recruiting and networking forums organized bythe Wasserman Center. These were made possible by the employer and NYU school partnerships that arepivotal to the services offered at Wasserman. Encouragingly, 83% of respondents took advantage of oneor more programs or services provided by the Wasserman Center.

NYU graduates are also very committed to graduate and professional school attendance. 19% of therespondents were currently enrolled in post-graduate academic programs at the time of the survey, with

a majority, 67%, pursuing advanced degrees in just three disciplines: Law, Medicine, and Education. Andfor those not currently enrolled in a post-baccalaureate program, 64% indicated that they intended topursue such study within five years.

Respondents employed at the time of the survey work in a wide variety of fields, with over 60% infinancial services, education, banking, entertainment, marketing, nursing, fashion/retail, consulting, non-profit, and law/paralegal. And, as is usual, a great number (88%) are working in the tri-state area, withmost typically employed in New York City and its suburbs. Although the respondents used a wide varietyof methods to obtain their jobs, they received the greatest assistance from the Wasserman Center forCareer Development.


Documents

Life Beyond the Square 2011