High Demand and Compensation Continue for Stevens Graduates
The outstanding return of investment on a Stevens education continues to distinguish the university among leading institutions of higher education. The Office of Career Development has just released the preliminary Class of 2014 outcomes report and the impressive numbers show that the future is bright for the newest Stevens alumni. Seventy-eight percent of this year’s graduating class has finalized their post-graduate plans. But what makes these outcomes especially robust is that they are based on 89 percent of the Class reporting first destination plans prior to their graduation. A more comprehensive report, which will be available in December, will report outcomes at six months post-graduation.
Following a very strong 2013 outcomes report, this year’s preliminary data shows a steady trend of employment for Stevens graduates, with 64 percent of this year’s graduates entering the workforce, entering the military or returning to their home countries (2 percent are entering the military and 5 percent are returning to the home country), while 14 percent are continuing their education and pursuing advanced degrees.
Stevens graduates are in ever-higher demand. Of those seeking employment, 49 percent received multiple jobs offers prior to graduation, a slight increase over 2013. Among the most lucrative fields for Class of 2014 graduates are chemical engineering, computer science and business and technology.
Employers seeking Stevens graduates represent some of the most influential and sought-after companies in the world. In 2014, global corporate giants such as JPMorgan Chase, Lockheed Martin, Verizon, KPMG, Goldman Sachs, ExxonMobil, L’Oreal, and Johnson & Johnson each hired multiple members of this year’s graduating class.
In an ultra-competitive job market, Stevens students continue to find high-paying jobs right out of school. The average starting salary for Stevens graduates is $65,600. That figure is far above the nationwide average of $45,473, according to the April 2014 Salary Survey released by the National Association of Colleges and Employers (NACE).
While it’s no surprise that technology-oriented majors consistently rank among the top for highest earning graduates, salaries for Stevens graduates stand out even among schools with robust STEM programs. These latest salary figures come less than two months after PayScale ranked Stevens fifth in the nation on its annual list of top university for return on investment for students, placing it among such prestigious institutions as MIT, Stanford and Caltech.
“Stevens students graduate with in-demand technical skills, but it is their well-rounded, broad-based education that produces high potential employees for future leadership roles and long term value.” said Stevens’ Director of Career Development Lynn Insley.
The report indicates a shift in the industry sectors where this year’s graduates have chosen to launch their careers. When compared to the Class of 2013, construction and business consulting have shown notable increases while the manufacturing and pharmaceutical sectors show a slight decline.
For graduates continuing on with their academic studies, a Stevens undergraduate education offers a remarkable foundation, as evidenced by their acceptance into graduate programs at some of the most prestigious and competitive universities in the world such as Columbia University, the University of Pennsylvania, Duke University and the University of California at Los Angeles. Of the students pursuing an advanced degree, 66 percent are seeking a master’s degree, with the balance pursuing law, medical, or doctoral degrees.