PART-TIME JOB & INTERNSHIP SURVEY, 2014-15 1

PART-TIME JOB AND INTERNSHIP SURVEY ACADEMIC YEAR 2014-2015 & SUMMER 2015

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TABLE OF CONTENTS INTRODUCTION PAGE 3 METHODOLOGY PAGE 3 OVERALL PLACEMENT | PAGE 4 ACADEMIC YEAR & SUMMER SPECIFIC FINDINGS PAGES 5-7 CONCLUSION PAGE 8

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INTRODUCTION

The New York University (NYU) Wasserman Center for Career Development is committed to supporting students during their academic programs by creating opportunities for them to explore their career interests and pathways through internships, jobs, and career-related service positions. Increasingly, employers use internships and part-time career-related work as a way to assess the candidate fit prior to offering full-time employment. Similarly, students seek to explore possible career options and apply what they have learned in the classroom, using these activities to hone their skills and develop new ones. Through these experiences and working with the Wasserman Center, students are able to not only cultivate key skills for their career and professional development, but also network with industry professionals and gain mentors and professional contacts. The Wasserman Center’s aim is for students to be able to utilize these opportunities in order to successfully explore, identify and ultimately secure meaningful full-time roles upon graduation.

METHODOLOGY The NYU Wasserman Center conducts the annual Part-time Job and Internship Survey, which collects information from junior year students about their part-time jobs, internships and other career-related activities, since this is the most common year for students to focus on post-graduation career plans. Additionally, these students are the most targeted by employers for career-related part-time work and internships. The survey was administered May through October 2015 and was sent to 5,649 NYU students. The list of students to be surveyed was obtained from the University’s Office of Institutional Research and Program Evaluation, and specifically included students expected to graduate in September 2015, January 2016, and May 2016. This research methodology is consistent with the National Association of Colleges and Employers (NACE) guidelines for collecting data and disseminating results. The Part-time Job and Internship Survey consisted of questions regarding students’ summer job(s) / internship(s) such as the name of their employer, industry, salary information and resources used for the job/internship search. Although academic year questions were included in the survey, questions asked in the summer section were more detailed. Students were assured of the confidentiality of their information and could opt out of the survey at any time. The survey was designed with branching logic; thus, depending on the way a student responded to the questions, the nature and number of questions posed to each student varied. Therefore, knowledge rates for individual questions vary. The survey was first distributed by email via Qualtrics in May 2015. If there was no response, the survey was emailed up to seven times and students were called up to three times over the course of the summer and at the start of the fall semester. In compliance with the NACE guidelines, information about students’ internships and jobs was also obtained from verifiable data sources such as NYU CareerNet, on-campus student employment, the Wasserman Center Internship Grant, and professional networking sites such as LinkedIn. Per the revised NACE Standards and Protocols issued in January 2014, the term "knowledge rate" is used throughout this report instead of “response rate”. Data was collected from 3,478 students, yielding an overall knowledge rate of 62.7%, up from 58.3% last year. The survey began with a question verifying that each student’s graduation date fell within the timeframe of the survey (September 2015 – May 2016); 102 students were removed from the data set as they indicated they were graduating outside of this range. Additionally, those not included in the final placement data were as follows: students who reported that they did not look for a job or internship opportunity, or those that left the job/internship placement question blank, which is consistent with NACE standards.

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76.1%

19.2%

4.7%

Used Wasserman Resources

Did Not Use Wasserman Resources

Unsure

OVERALL PLACEMENT | ACADEMIC YEAR AND SUMMER Of the 3,318 students who indicated they sought a job, internship, or service position in 2014-2015, 96.0% secured a position either during the academic year or summer. During the academic year 2014-2015, 94.5% of students secured a position, which is a slight increase over last year’s finding of 92.9%. During the summer of 2015, 96.7% indicated that they had secured a position, which is consistent with last year’s finding of 96.6%. The placement rate for international students for summer positions (97.6%) was consistent with all students’ placement rate; however, the academic year placement rate for international students was found to be significantly lower (88.6%). The number of international students enrolled at NYU continues to grow; while their placement rates for academic year and summer demonstrate strong levels of career engagement, they encounter challenges to gaining authorization to participate in career activities. The Wasserman Center will continue to monitor how this trend evolves. These calculations were made following NACE guidelines for determining career outcomes (placement) rates.

School Academic Year 2014 - 2015

Summer 2015

College of Arts & Science 94.8% 96.7% College of Nursing 95.8% 97.0% Gallatin School of Individualized Study 97.5% 97.0% Global Liberal Studies 100.0%* 100.0%* Leonard N. Stern School of Business 93.1% 97.8% School of Professional Studies 94.0% 98.6% Silver School of Social Work 100.0%* 100.0%* Steinhardt School of Culture, Education, and Human Development 98.0% 98.0% Tandon School of Engineering 89.2% 93.7% Tisch School of the Arts 90.9% 93.9%

* NYU Global Liberal Studies and Silver School of Social Work had a very small sample size (N<45 and N<25, respectively). WASSERMAN RESOURCES USED Of those students who reported securing a summer position, 76.1% reported using Wasserman career resources, including appointments with Career Coaches, career skill-building seminars, employer information sessions, NYU CareerNet, etc.

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TYPES OF SUMMER POSITIONS NYU Juniors engaged in a variety of types of positions over the summer. When asked to report details on their primary career-related activity, 57.6% of respondents indicated they were engaged in an internship / externship (listed in this report simply as internship), and 37.8% were engaged in a job (full- or part-time). The “Other” category includes students who indicated they were engaged in a clinical or practicum, and those who did not specify position type.

SECURING SUMMER POSITIONS Of the students who reported having a summer position, 46.8% reported securing it via NYU-related resources (up from 44.2% from 2012-13). These resources include NYU Wasserman resources such as NYU CareerNet, On-Campus Recruitment, Career Fairs, employer information sessions, list serves, emails, social media, and other NYU connections such as NYU faculty, staff, alumni referrals or mentor network. The duration of the summer job or internship search was generally brief, with the largest number of respondents (54.4%) indicating that their search lasted less than one month. These findings are consistent with last year’s results.

57.6%

37.8%

2.8% 1.8%

Internship / Externship

Job

Volunteer

Other

52.6% 46.8%

0.6%

SOURCE OF SUMMER POSITION

Non-NYU Source

NYU Source

Unsure 54.4%

18.2%

13.3%

6.2% 7.9%

DURATION OF SUMMER POSITION SEARCH

Less than 1 month

1 month

2 months

3 months

More than 3 months

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TOP INDUSTRIES FOR SUMMER INTERNSHIPS The top industries in which NYU Juniors pursued summer internships include Financial Services/Banking, Entertainment/Media, Education/Teaching, Non-Profit/Social Services, and computer Science/Technology. These top industries are similar to last year’s findings.

MULTIPLE POSITIONS A number of students indicated that they held more than one position during the summer period. Of the 1,908 juniors who responded to this question, 26.1% indicated that they held 2 or more positions during the summer of 2015. This is down slightly from last year’s 30% of students holding 2 or more summer positions. During the academic year, 45.0% of the 1,724 students who responded indicated they held two or more positions.

23.6%

11.7%

6.2%

6.1%

4.5%

4.4%

4.1%

3.5%

2.7%

2.7%

2.6%

2.5%

2.5%

1.9%

1.8%

Financial Services/Banking

Entertainment/Media

Education/Teaching

Non-Profit/Social Services

Computer Science/Technology

Accounting

Retail/Fashion/Consumer Products

Health Care (Excluding Nursing)

Hospitality, Tourism, Sports & Recreation

Communications (Journalism, Publishing)

Consulting

Marketing

Government/Military

Advertising/Public Relations

Science/Research

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SUMMER COMPENSATION AND ACADEMIC CREDIT The mean hourly wage for paid summer positions was $15.26 per hour, a slight drop from last year’s mean hourly wage of $15.65. The mean hourly wage for internship positions this year was $18.74, whereas the mean hourly wage for summer jobs was $12.57. Of those engaged in summer internships, 32.6% indicated the internship was non-paying. The top industries for non-paying internships by number of students include Entertainment/Media, Non-Profit/Social Services, Education/Teaching, Health Care (excluding Nursing), and Government/Military. 5.9% of respondents indicated they were receiving academic credit for coursework related to their summer position. Below is a list of the top industries in terms of internship hourly wages. Since disclosure of salary on the survey was not required, the chart below reflects the average hourly wage of students who provided this information. Outliers were not factored into these calculations.

Industry Compensation (per hour)

Accounting $28.74 Financial Services/Banking $27.23 Insurance $26.54 Consulting $22.52 Computer Science/Technology $21.66 Engineering $16.96 Law $14.72 Retail/Fashion/Consumer Products $14.05

2015 SUMMER POSITIONS: QUICK FACTS A snapshot of the findings for summer positions is presented below.

96.7% PLACEMENT RATE $15.26

ALL POSITIONS

$18.74 INTERNSHIPS ONLY

MEAN HOURLY SALARY

26.1% HELD

2 OR MORE POSITIONS

DURATION TO FIND WORK 54.4%

1 MONTH OR LESS

7.9% MORE THAN 3 MONTHS

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CONCLUSION

In addition to seeking the brightest and most experienced new graduates, employers are seeking professionals who

have some professional experience and can quickly acclimate and contribute to the work environment once hired.

Internships and part-time jobs play increasingly important roles in determining a student's career direction and post-

graduation options. These experiences are integral components of a student's learning experience at New York

University; they are conduits and often prerequisites to full-time employment as well as graduate and professional

school enrollment. Of this year’s respondents, 77.7% indicated that they plan to work at a part-time job or internship

during their senior year, up from 70.3% of respondents last year. Students with professional experience have a

competitive advantage in an ever-changing job market as they have had an opportunity early on to develop integral soft

and hard skills, demonstrate greater career focus, and consequently broaden their post-graduation opportunities.