The future is looking stronger than ever for Stevens Institute of Technology’s Class of 2014. Six months after graduation, the Office of Career Development’s newly-released Career Outcomes Report shows that 95 percent of the undergraduate Class of 2014 have secured their intended outcome, an increase of more than 20 percent from preliminary data reported in May prior to graduation.
Following a very strong 2013 outcomes report, this year’s first-destination data shows a steady trend of employment for Stevens graduates, with 73 percent of 2014 graduates accepting employment opportunities in their areas of academic study or career interest, while 15 percent are continuing their education and pursuing advanced degrees (1 percent are entering the military and 6 percent are returning to their home country or traveling).
The Stevens advantage continues to give graduates a remarkable return on investment. Given that the average starting salary for the Class of 2014 is $64,150, it’s no wonder that Stevens was ranked 5th in the nation for ROI by Payscale. Strong student outcomes are part of the equation that led Kiplinger’s Personal Finance to rank Stevens 30th nationwide among private colleges and universities as a “best value” in education.
Stevens graduates are consistently in high demand. The Class of 2014 is no different. Employers seeking Stevens graduates represent many of the most influential companies in the world. Bank of America, Merrill Lynch, Barclays Capital, ExxonMobil, Goldman Sachs, Lockheed Martin, UBS Financial and Verizon are just some of the employers that have secured 33 percent of Stevens graduates for the past three years. Additionally, Johnson & Johnson and JPMorgan Chase have been on the top employers list at Stevens for the past five years.
Among the most lucrative fields for Class of 2014 graduates are chemical engineering, computer science, cybersecurity and – reporting for the first time – quantitative finance.
Although Stevens is widely recognized for its engineering and science programs, the report reveals impressive outcomes for bachelor of arts graduates as well, with fully 100 percent achieving outcomes. Ninety-five percent have secured employment or are continuing graduate studies, and five percent are joining the military.
The report offers a deeper glimpse into where 2014 graduates have chosen to launch their careers.
For graduates with B.E. and B.S. degrees, hiring was especially strong in the manufacturing/pharmaceutical, finance, engineering services and technology/telecommunications industries.
As for graduates with B.A. degrees, 83 percent of those entering the workforce accepted employment in the media/entertainment and education sectors.
When compared to the Class of 2013, the most notable change for the Class of 2014 is a four percent increase in the aerospace/defense industry.
The Office of Career Development, ranked 15th in the nation by The Princeton Review, had a banner year in 2014. Employer activity was exceptionally robust. The Office of Career Development facilitated more than 980 first-round interviews, a 44 percent increase from 2013, and posted more than 2,800 full-time job opportunities, an increase of 34 percent from 2013.
According to Lynn Insley, director of Career Development at Stevens, the Class of 2014 Career Outcomes Report is an affirmation of the quality of a Stevens education and the extraordinary efforts made by the university to prepare Stevens students for post-graduation success.
“We congratulate the members of the Class of 2014 and encourage them to stay in touch with the Office of Career Development. We look forward to hearing of the ongoing success of our newest alumni as they embark on the next phase of their professional development,” said Insley.