When it comes to preparing students for rewarding careers, the School of Business at Stevens Institute of Technology remains a leader.
Once again, 98 percent of graduates from the business school secured employment or enrolled in graduate school in the six months after commencement; a small number returned to their home countries to seek placement. On average, Stevens Business graduates who accepted employment are earning salaries of $72,480 — far above New York City and U.S. averages.
Business programs at Stevens focus on how data and analytics are changing the ways professionals get the job done. Undergraduate majors in Marketing, Finance, Business & Technology and Economics, among others, emphasize how technology creates new opportunities while solving complex problems, allowing graduates to add value from their first day on the job.
“We enjoy close relationships with managers in financial services, accounting, technology and media, which keeps us ahead of the rapid changes in industry,” said Dr. Ann Murphy, associate dean of undergraduate studies at the School of Business. “That real-world input influences our curricula, which helps our students get better internships and the jobs they want upon graduation.”
Stevens’ business numbers are even more impressive when considered nationally. In the U.S., according to CNN, the average Class of 2018 graduate is earning a little more than $50,000, while in New York City, it’s nearly $61,000. Graduates with business degrees are reporting average income of $55,811, according to data from the National Association of Colleges and Employers.
Seth Kirschner ’18, who majored in Business & Technology before accepting a position as a cyber risk advisory consultant with Deloitte, said the real-world experience of Stevens faculty helped him excel as a student while preparing him for professional success
“The industry expertise of the faculty at Stevens comes through so clearly in the classroom,” Kirschner said. “You’re learning from professors like Dr. Kevin Ryan, who have patents and years of experience in the telecom industry, or a turnaround strategist like Dr. Murad Mithani, who teaches you how to change a failing company. As a student at Stevens, you’re surrounded by excellence.”
Notably, 100 percent of Finance majors secured placements, at an average salary of $74,200. Some other highlights from the report:
- Quantitative Finance graduates enjoyed a 94 percent placement rate; those accepting job offers commanded an average salary of $78,250.
- Finance was the most popular industry for students who accepted employment, followed by business consulting, media and technology.
- Among students who accepted a signing bonus, the average value was $7,900.