McGraw-HillEduca/on 2016Workforce ReadinessSurvey PreparedbyHanoverResearch June 2016 ©2016 McGraw-Hill Education. INTRODUCTION,SUMMARY,&KEYFINDINGS 2 ©2016 McGraw-Hill Education. TableofContents Sec/onI IntroducAon P4 Sec/onII Summary P5 Sec/onIII KeyFindings P6 Sec/onIV CareerPreparedness P9 Sec/onV SkillsLearned&TechnologyUsed P14 Sec/onVI CareerPlanning P23 Sec/onVII CareerPercepAon&Preferences P27 Sec/onVIII CollegeReflecAons P35 Sec/onXI Demographics P43 Sec/onX Appendix P46 3 ©2016 McGraw-Hill Education. Introduc/on This report presents findings from the McGraw-Hill EducaAon 2016 Workforce Readiness Survey. The primary goal of the survey is to provide a picture of how students are faring as they near graduaAon and prepare to enter the workforce. In some cases, this survey compares and contrasts results from March 2016 and similar surveys conducted in March 2015 and March 2014 (when possible). The report also includes insighPul results of the 2016 survey segmented by collegiate status, gender, and field of study. **When applicable, this document will indicate if there are staAsAcally significant differences between survey years 2014-2016. For the 2016 segmentaAon analysis, the staAsAcal significant tesAng evaluates if result are significantly different across segmentaAon categories. StaAsAcal significance means that two results obtained from either sample are real and profoundly different from each other (i.e. it is likely that these two results do not just differ by random chance). Please refer to the appendix for a more detailed explanaAon on staAsAcal significance tesAng. 4 ©2016 McGraw-Hill Education. Summary Overall, only 21 percent of college students feel very prepared for a professional career, mirroring results from 2015. While the difference in preparedness across years is minimal, differences among student groups are more apparent: § Unsurprisingly, respondents who have been in college longer tend to feel more prepared for a professional career. More mature students (grad students) value a marketable degree, while underclassmen (freshmen and sophomores) emphasize grades/GPA and internship experience. § There is a sizeable difference between genders, as 24 percent of male, but only 19 percent of female, respondents feel very prepared for the workforce. This may be due to males being less concerned about having a job that is beneficial to society, giving them more opAons postgraduaAon. § Arts and humaniAes majors also tend to feel less prepared for a career than students from other majors. This may be Aed to their pessimism with ge^ng a job upon graduaAon (along with social science majors, they are the least opAmisAc among all respondents). Respondents believe that interpersonal skills are most likely to improve their job prospects. Students also believe that using workforce related technology improves their employment odds. However, respondents indicate that the use of study technology has decreased significantly over the past year. 5 ©2016 McGraw-Hill Education. KeyFindingsI § § § § Only21%ofrespondentsfeel“veryprepared”foraprofessionalcareer.Whenaskedhowtheyfeltaboutbeingprepared foracareer,only21percentofrespondentsstatedtheyfelt“very”preparedtojointheworkforce. Workforcereadinessdiffersbycollegiatestatus,gender,andfieldofmajor.Similarto2015results,respondentswhohave beenincollegelongertendtofeelmorepreparedforaprofessionalcareer.Forexample,47percentofgraduatestudents feelverypreparedforacareer,whileonly15percentoffreshmanfeelthesameway.Thereisalsoasizeabledifference betweengendersas24percentofmale,butonly19percentoffemale,respondentsfeelverypreparedfortheworkforce. Artsandhumani/esmajorsalsotendtofeellesspreparedforacareerthanstudentsfromothermajors. Respondentsfeelthattheirworkforcereadinesscouldbeimprovedthroughmoreinternships,moreAmeforcareer preparaAon,andbe_eraccesstopreparaAontools.Slightlymorethantwo-thirdsofrespondents(67%)feelthatmore professionalexperiencewouldhaveimprovedtheircareerreadiness.Fi]y-nineand47percentofrespondentsstatedthat theyshouldhavehadmore/meforcareerplanningandbe^eraccesstoprepara/ontools,respec/vely.Aroundathirdof respondentslistedmorenetworkingandbe^erstudytechnologyasimportantcomponentstoprepareforaprofessional career.Nevertheless,thevastmajorityofrespondents(89%)feelthatcollegehasbeenatleastsomewhathelpfulin preparingthemforaprofessionalcareer.Overall,theseresultscloselymirror2015findings. AmajorityofrespondentslearnedhowtomulAtask,holdpresentaAons,anduseworkplacerelatedtechnologywhile a_endingcollege.Againmirroringresultsfrom2015,aroundtwo-thirdsofstudents(66%and63%respec/vely)learned mul/taskingandpresenta/ontechniqueswhileincollege.Usingworkplacerelatedtechnologyisthethirdmostmen/oned skills,acquiredby55percentofrespondents. 6 ©2016 McGraw-Hill Education. KeyFindingsII § § § Respondentsbelievethatinterpersonalskills,degreemarketability,grades,andinternshipsmakeagoodjobcandidate. Thevastofmajorityofrespondents(78%)believeinterpersonalskillsareessen/alforagoodjobcandidate.Slightlymore thantwo-thirdsofrespondentsalsobelievethatamarketabledegree(67%)andgoodgrades(67%)helpimprovejob chances. RespondentstendtousecareerresourcesandgenerallyperceivethemtobeeffecAve.Eighty-sixpercentofrespondents thinkthatavailablecareerresourcesareatleastsomewhateffec/ve,andmorethanthree-quartersofrespondents(78%) usedavailablecareerresourceswhena^endingcollege.Respondentsrepor/nguseofcareerresources“alot”hasincreased significantlyfrom2015(14%)to2016(21%). Students feel largely opAmisAc about their career prospects. More than two-thirds of respondents (70%) feel either somewhat orveryop/mis/cabouttheirjobprospects,withonly39percentagreeingthey are uncertain their major will secure a job a]er gradua/ng. In general, STEM major respondents are the most op/mis/c about future job prospects, especiallycomparedtorespondentsstudyingarts,humani/es,orsocialsciences. 7 ©2016 McGraw-Hill Education. KeyFindingsIII § § § Overthree-quartersofstudentspreferdoingwhattheyloveoverbeingpaidwell.Similarly,57percentofstudentsprefer to have a job that pays less but has a beneficial impact on society over a well paying job with no beneficial impact on society.Outlierswhoindicatepreferencesforwellpaying,ratherthansocietallybeneficial,jobsincludegraduatestudents respondents(55%),males(52%),andbusiness/economicsmajorrespondents(52%). Ingeneral,respondentsaresaAsfiedwiththeircollegeexperience. Morethanthree-quartersofrespondents(79%)are eithersomewhatorverysa/sfiedwiththeircollegeexperience,asignificantincreasefrom2015(75%).Femalerespondents indicatehighersa/sfac/on(82%)comparedtomalerespondents(74%). Academics,cost,andvaluearethemostimportantfactorsrespondentsconsiderwhenchoosingacollege.Overhalflist eithercost(32%)oracademics(20%)astheirmostimportantconsidera/on.Fi]eenpercentofrespondentsperceivevalue– thequalityofacademicsatthebestprice–asthemostimportantfactorwhenmakingadecision.Studentlife,reputa/on, jobplacement,andflexiblecourseop/onsarelessimportantinstudentdecisionmaking. 8 ©2016 McGraw-Hill Education. CAREERPREPAREDNESS 9 ©2016 McGraw-Hill Education. CareerPreparedness Justoverone-fi]h(21%)ofrespondentsfeelverypreparedforaprofessionalcareera]ercomple/ngcollege,aonepercentincreasefrom 2015. 75% 60% 45% 30% 21% 20% 2016(n=1,360) 2015(n=983) 15% 0% Howprepareddoyoufeelforyourprofessionalcareer? Percentagesreflectrespondents’topchoice(“veryprepared”). 10 ©2016 McGraw-Hill Education. CareerPreparedness,bySegment2016 Respondentswhohavebeenincollegelongertendtofeelmorepreparedforaprofessionalcareer.Forexample,47percentofgraduate studentsfeelverypreparedforacareer,whileonly15percentoffreshmanfeelthesameway.Thereisalsoasizeabledifferencebetween genderas24percentofmalebutonly19percentoffemalerespondentsfeelverypreparedfortheworkforce.Arts,humani/es,andsocial sciencesmajorsalsotendtofeellesspreparedforacareerthanstudentsfromothermajors. CollegiateStatus Notatallprepared Onlyali_leprepared Somewhatprepared Veryprepared Freshman(N=362) 12% 31% 42% 15% Sophomore(N=409) 5% 26% 49% 20% Junior(N=291) 4% 21% 56% 19% Senior(N=243) 5% 16% 53% 27% Inamastersordoctorateprogram (N=55) Gender 0% 9% 44% 47% Notatallprepared Onlyali_leprepared Somewhatprepared Veryprepared Female(N=932) 7% 24% 50% 19% Male(N=427) 6% 24% 47% 24% FieldofMajor Notatallprepared Onlyali_leprepared Somewhatprepared Veryprepared Artsandhumani/es(N=100) 18% 24% 47% 11% Businessandeconomics(N=500) 5% 22% 51% 23% SocialSciences(N=112) 4% 26% 56% 13% STEMfield(N=304) 5% 31% 44% 20% Other(N=344) 8% 20% 49% 24% Howprepareddoyoufeelforyourprofessionalcareer? Figuresinredfontindicatesta/s/callysignificantdifferentresultswithinsegmentsatp<.05 11 ©2016 McGraw-Hill Education. CareerPreparedness 38percentofrespondentsfeltthatcollegehasbeen“veryhelpful”inpreparingthemforaprofessionalcareer.. 75% 60% 45% 38% 35% 30% 15% 0% 2016(n=1,360) 2015(n=983) Howhelpfulhasyourcollegeeduca5on/experiencebeeninpreparingyouforaprofessionalcareer? Note:Responsereflectsrespondents’topchoice(“veryprepared”). 12 ©2016 McGraw-Hill Education. CareerPreparedness From2015-2016,moreprofessionalexperienceandaddi/onalcareerprepara/oneffortsremainmostimportantforhelpingstudentsfeel workready.Slightlyovertwo-thirdsofrespondents(67%)feelthatinternshipswouldhaveimprovedtheirworkreadiness.Morecareer prepara/on,be^eraccesstocareertoolsandnetworkinghaveincreasedslightlyinimportanttostudentsfrom2015to2016. 67% 67% Moreinternshipsandprofessionalexperience 59% 58% More/metofocusoncareerprepara/on 47% 45% Be^eraccesstocareerprepara/ontools 2016(n=1,360) 2015(n=983) 38% 35% Studytechnologythathelpedmelearnmoreefficientlyand effec/vely# 34% 33% Networkingwithalumni 22% 22% Choosingamorerelevantmajor/concentra/on 0% 15% 30% 45% 60% 75% Whatwouldhavemadeyoufeelmorepreparedforyourprofessionalcareer?Selectallthatapply. 13 ©2016 McGraw-Hill Education. SKILLSLEARNED&TECHNOLOGYUSED 14 ©2016 McGraw-Hill Education. SkillsLearned–2015&2016 Mul/taskingandmanagemul/plepriori/esatoncecon/nuestobethemostreportedskilllearnedatcollege,followedbygivinga presenta/oninfrontofanaudience. 2016(n=1,360) 2015(n=983) 66% 67% Howtomul/task/managemul/plepriori/esatonce 63% 62% Howtogiveapresenta/ontoanaudience 55% 57% Howtousetechnologythatiscommoninmostworkplaces 51% 49% Howtowritearesume 42% 44% Howtoconductmyselfinajobinterview 41% 42% Howtonetworkand/orsearchforajob 31% 35% Howtoplanpersonalfinancesand/ormanageabudget Noneoftheabove 0% 0% 7% 15% 30% Whichofthefollowingskillshaveyoulearnedatcollege?Selectallthatapply. 45% 60% 75% 15 ©2016 McGraw-Hill Education. SkillsLearned–JobCandidate Respondentsin2016con/nuetoemphasizetheimportanceofinterpersonalskills,degreemarketability,grades,andinternshipstobecoming agoodjobcandidate.Seventy-eightpercentofrespondentsbelievethatinterpersonalskillsareimportantforjobcandidacy.Most differencesaresta/s/callysignificantbetween2014and2015/2016(therearenosignificantdifferencesbetween2015&2016).However, the2014and2015&2016itera/onsdifferinanswerop/ons,whichsomewhatlimitsthecomparabilityofresults. Interpersonalskills 70% Adegreeinamarketablefield 78% 77% 67% 68% 55% 67% 67% 62% Grades/GPA 2016(n=1,360) 60% 60% 56% Internshipexperience 2015(n=983) 2014(n=607) 41% 44% 37% Extracurricularac/vi/es 36% 39% 36% Yourschool'snameorreputa/on 52% Useoftechnologyinclassesorstudy* 0% 20% 40% 60% 80% 100% Whichofthefollowingpartsofyourcollegecareer,ifany,doyoubelievewillmakeyouagoodjob candidate?Selectallthatapply. *Notananswerop/onin2014&2015 Note:Figuresinredfontaresta/s/callysignificantdifferentatp<.05 16 ©2016 McGraw-Hill Education. SkillsLearned–JobCandidate,byCollegiateStatus Graduatestudentsdiffersignificantlyintheirpercep/onsofwhatmakessomeoneagoodjobcandidate.Undergraduatesputmoreemphasis ongradesandinternshipexperiencethangraduatestudents,whoperceiveadegreeinamarketablefieldasmoreimportant.Notably,with eachsuccessiveyearofcollegeexperience,respondentsperceivegrades/GPAandinternshipexperienceaslessimportantforjobcandidacy. 2016 Freshman(N=362) Sophomore(N=409) Junior(N=291) Senior(N=243) Inamastersor doctorateprogram (N=55) Interpersonalskills 77% 81% 77% 79% 71% Adegreeinamarketable field 64% 66% 69% 67% 82% Grades/GPA 75% 68% 65% 60% 49% Internshipexperience 62% 62% 61% 56% 45% Extracurricularac/vi/es 45% 40% 40% 43% 27% Yourschool'snameor reputa/on 34% 33% 37% 42% 38% Useoftechnologyinclasses orstudy 51% 56% 52% 49% 55% Whichofthefollowingpartsofyourcollegecareer,ifany,doyoubelievewillmakeyouagoodjob candidate?Selectallthatapply. 17 Note:Figuresinredfontindicatesta/s/callysignificantdifferentresultsacrosscollegiatestatusatp<.05©2016 McGraw-Hill Education. SkillsLearned–JobCandidate,byFieldofMajor Businessandeconomicsmajorsplaceastrongemphasisonadegreeinamarketablefield,whileSTEMmajorsfocusongrades/GPA.Artsand humani/esmajorsplaceahigherpriorityoninterpersonalskillsasimportantfactorsforimprovingjobcandidacycomparedtoothermajors. ArtsandhumaniAes Businessand (N=100) economics(N=500) 2016 SocialSciences (N=112) STEMfield(N=304) Other(N=344) Interpersonalskills 84% 79% 79% 74% 79% Adegreeinamarketable field 57% 75% 51% 67% 64% Grades/GPA 65% 62% 71% 72% 69% Internshipexperience 61% 59% 52% 65% 59% Extracurricularac/vi/es 45% 39% 46% 46% 38% Yourschool'snameor reputa/on 38% 38% 33% 38% 33% Useoftechnologyinclasses orstudy 45% 54% 41% 54% 54% Whichofthefollowingpartsofyourcollegecareer,ifany,doyoubelievewillmakeyouagoodjob candidate?Selectallthatapply. Note:Figuresinredfontindicatesta/s/callysignificantdifferentresultsacrossfieldofmajoratp<.05 18 ©2016 McGraw-Hill Education. TechnologyUsed Responsessuggestthattheuseofstudytechnologyhasdecreasedfrom2015to2016.Thenumberofrespondentsusingstudytechnologyall the/medecreasedfrom39percentin2015to29percentin2016.Alargerpropor/onofrespondentsin2016reportusingstudytechnology onoccasion(28%)comparedto2015(23%).Thenumberofstudentswhohaveneverusedstudytechnologyincreasedfromsixto11percent duringthesame/meperiod.Thesereportedchangesaresta/s/callysignificant. 2016(n=1,360) 2015(n=983) 29% Iusestudytechnologyallthe/me 39% 32% Iusestudytechnologyfrequently 32% 28% Iusestudytechnologyonoccasion 23% 11% Ihaveneverusedstudytechnology 6% 0% 10% 20% 30% 40% Howmuchdo/didyouusestudytechnologyincollege?Studytechnologyisdefinedasanydigital/online programorapplica5onthatallowsyoutolearnclassroomconcepts. Note:Figuresinredfontaresta/s/callysignificantdifferentatp<.05 50% 19 ©2016 McGraw-Hill Education. TechnologyUsed,byFieldofMajor Studytechnologyisusedmostfrequentlybybusinessandeconomicsmajors(65%)andSTEMmajors(61%).Onlyhalfofartsandhumani/es majorsreportfrequentuseofstudytechnologyincollege. 75% 65% 61% 60% STEMfield(N=304) Other(N=344) 57% 60% 50% 45% 30% 15% 0% Artsandhumani/es(N=100) Businessandeconomics (N=500) SocialSciences(N=112) Howmuchdo/didyouusestudytechnologyincollege?Studytechnologyisdefinedasanydigital/onlineprogramor applica5onthatallowsyoutolearnclassroomconcepts. Note:Percentagesreflectrespondents’“top2”choices(“Iusestudytechnologyallthe/me”and“Iusestudy 20 technologyfrequently”). ©2016 McGraw-Hill Education. Figuresinredfontaresta/s/callysignificantdifferentatp<.05 TechnologyUsed Agreementwiththestatement,“Thefrequentuseoftechnologyinmycourseworkandasastudyaidwillmakemeastrongercandidatefor employment”hasincreasedsignificantlyfrom2015(80%)to2016(85%),sugges/ngthatrespondentscon/nuetoseethevalueof technologyincourseworkandjobcandidacy. 100% 85% 80% 80% 60% 40% 20% 0% 2016(n=1,213) 2015(n=927) Pleaserespondtothefollowingstatement:Thefrequentuseoftechnologyinmycourseworkandasastudy aidwillmakemeastrongercandidateforemployment. Note:Percentagesreflectrespondents’“top2”choices(“Stronglyagree”and“Somewhatagree”). 21 Respondentsrepor/ngtheyneverusedstudytechnologydidnotseethisques/on. ©2016 McGraw-Hill Education. Figuresinredfontaresta/s/callysignificantdifferentatp<.05. TechnologyUsed,byCollegiateStatus&FieldofMajor Graduatestudentsdiffersignificantlyintheiragreementwithfrequentuseoftechnologyfromundergraduatestudents.Nearlyallgraduate students(96%)agreethatfrequenttechnologyusewillposi/velyimpactcandidacyforemployment.Businessandeconomicmajorsalso reporthighagreement(88%),whilesocialsciencemajorsreportsignificantlyloweragreement(78%). 96% 100% 87% 85% 81% 82% 84% 80% 88% 84% 83% STEMfield (N=271) Other(N=303) 78% 60% 40% 20% 0% Freshman (N=315) Sophomore Junior(N=272) Senior(N=215) Inamastersor Artsand (N=362) doctorate humani/es program(N=49) (N=86) CollegiateStatus Businessand SocialSciences economics (N=95) (N=458) FieldofMajor Pleaserespondtothefollowingstatement:Thefrequentuseoftechnologyinmycourseworkandasastudy aidwillmakemeastrongercandidateforemployment. Note:Percentagesreflectrespondents’“top2”choices(“Stronglyagree”and“Somewhatagree”). 22 Respondentsrepor/ngtheyneverusedstudytechnologydidnotseethisques/on. ©2016 McGraw-Hill Education. Figuresinredfontindicatesta/s/callysignificantdifferentresultswithinsegmentsatp<.05 CAREERPLANNING 23 ©2016 McGraw-Hill Education. CareerPlanning Livingawell-rounded,happylifecon/nuestobethemostimportantplanningprioritytorespondentsin2016.Inaddi/on,social responsibility/givingbackisbecominglessofaprioritytorespondents. 2016 2015 2014 Livingawellrounded,happy life 93% Livingawellrounded,happylife 92% Livingawellrounded,happylife 89% Findinga rewardingjob 91% Findingarewarding job 91% Findingarewarding job 90% Findingawellpayingjob Social responsibility; givingback N=1,360 87% 72% 0% 20%40%60%80%100% Findingawellpayingjob 86% Findingawellpayingjob Beingagoodci/zen 83% Beingagoodci/zen N=983 0% 50% 100% N=600 85% 79% 0%20%40%60%80% 100% Howimportanttoyouisplanningforeachofthefollowingwhileyouareincollege? Note:Percentagesreflectrespondents’“top2”choices(“Extremelyimportant”and“Veryimportant”).“Beinga 24 goodci/zen”in2014&2015waschangedto“Socialresponsibility;givingback”in2016.Figuresinredfontare ©2016 McGraw-Hill Education. sta/s/callysignificantdifferentatp<.05 CareerPlanning–byGender Overall,femalesplacesignificantlyhigherimportanceonallplanninga^ributescomparedtomales. Female(N=932) 100% 94% 89% 93% 89% Male(N=427) 88% 84% 76% 80% 64% 60% 40% 20% 0% Livingawell-rounded,happylife Findingarewardingjob Findingawell-payingjob Socialresponsibility;givingback Howimportanttoyouisplanningforeachofthefollowingwhileyouareincollege? Note:Percentagesreflectrespondents’“top2”choices(“Extremelyimportant”and“Veryimportant”). Figuresinredfontaresta/s/callysignificantdifferentatp<.05 25 ©2016 McGraw-Hill Education. CareerPlanning Similarto2015,86percentofrespondentsbelieveavailablecareerresourcesattheircollegesareatleastsomewhateffec/ve.Morethan three-quartersof2016respondents(78%)alsouseavailablecareerresources,with21percentindica/ngtheyhaveusedthem“alot,”a significantincreasefrom2015.Onlyafi]hofrespondentsin2016havenotusedtheircollegecareerresourcesatall. EffecAveness of Career Resources 2016(n=1,360) Usage Frequency of Career Resources 2016(n=1,360) 2015(n=983) 27% Veryeffec/ve 59% Somewhateffec/ve 11% 61% 20% 22% N/A-Therearen'tanycareer resourcesavailableatmy college 3% 3% 15% 57% Ihaven'tusedthematall 11% 0% 14% I'veusedthemali^le 57% Veryineffec/ve 21% I'veusedthemalot 29% Somewhatineffec/ve 2015(n=980) 30% 45% 60% 75% Howeffec5vearethecareerresourcesavailableatyourcollege? 3% 2% 0% 15% 30% 45% 60% 75% Towhatdegreehaveyoutakenadvantageofthecareerresources availableatyourcollege? 26 ©2016 McGraw-Hill Education. CAREERPERCEPTIONS&PREFERENCES 27 ©2016 McGraw-Hill Education. CareerPercep/on Thenumberofrespondentswhoagreewiththestatement“I’mhappywithmymajor,butI’mnotsureitwillgetmeajobwhenIgraduate” con/nuestodecreasewitha13percentdifferencebetween2014&2016anda3percentdifferencebetween2015&2016.Thissuggests thatrespondentsarenowmorelikelytobelievetheirmajorwillhelpthemwithjobprospectscomparedtopreviousyears. 2016(n=1,360) 2015(n=983) 2014(n=607) 11% 11% Stronglyagree 14% 28% Somewhatagree 30% 38% 30% Somewhatdisagree 28% 23% 31% 30% Stronglydisagree 25% 0% 10% 20% 30% 40% Pleaserespondtothefollowingstatement:I’mhappywithmymajor,butI’mnotsureitwillgetmeajob whenIgraduate. Note:Figuresinredfontaresta/s/callysignificantdifferentatp<.05 50% 28 ©2016 McGraw-Hill Education. CareerPercep/on Slightlylessthantwo-thirdsofrespondents(65%)believetheircurrentmajorwillhelpthemsecureajoba]ergradua/onbecausethereare opportuni/esinmanydifferentcareerfieldsforgraduatesoftheirmajor. Thereareopportuni/esinmanydifferentcareerfieldsforgraduatesof mymajor 65% Skillsinmymajorareinhighdemand 41% Mymajorhasanestablishedcareerpathatmycollegeoruniversity 25% Companieso]enrecruitgraduatesofmymajordirectlyoutofcollege 20% 7% Other 0% 15% 30% 45% 60% 75% MycurrentmajorwillhelpmegetajobaKergradua5onbecause… Note:Ques/onnotin2014&2015itera/on. 29 Respondentsthatselected“Somewhatagree”orStronglyagree”tothestatement,“I’mhappywithmymajor,butI’m ©2016 McGraw-Hill Education. notsureitwillgetmeajobwhenIgraduate”wereaskedtoanswerthisques/on.N=532 CareerPercep/on,ByCollegiateStatus&FieldofMajor Juniorsreportcareeropportuni/esintheirmajorwillbethebiggestfactorina^ainingajob.Businessandeconomicmajors,alongwithsocial sciencemajors,sharethesamethought,whileSTEMmajorsplacesignificantlymoreemphasisonthehighdemandforskillsintheirmajor. CollegiateStatus Freshman(N=134) Sophomore(N=158) Junior(N=110) Senior(N=106) Inamastersor doctorateprogram (N=24) Thereareopportuni/esinmanydifferent careerfieldsforgraduatesofmymajor 60% 62% 74% 70% 50% Skillsinmymajorareinhighdemand 48% 43% 36% 35% 33% Mymajorhasanestablishedcareerpathatmy collegeoruniversity Companieso]enrecruitgraduatesofmy majordirectlyoutofcollege 30% 25% 20% 22% 29% 24% 21% 15% 22% 17% 7% 9% 4% 8% 8% SocialSciences (N=58) STEMfield(N=105) Other(N=122) Other FieldofMajor ArtsandhumaniAes Businessand (N=51) economics(N=196) Thereareopportuni/esinmanydifferent careerfieldsforgraduatesofmymajor 65% 72% 69% 64% 52% Skillsinmymajorareinhighdemand 35% 40% 21% 49% 47% Mymajorhasanestablishedcareerpathatmy collegeoruniversity Companieso]enrecruitgraduatesofmy majordirectlyoutofcollege 27% 23% 19% 31% 24% 10% 24% 7% 30% 17% 6% 5% 10% 4% 13% Other MycurrentmajorwillhelpmegetajobaKergradua5onbecause… Note:Respondentsthatselected“Somewhatagree”orStronglyagree”tothestatement,“I’mhappywithmy 30 major,butI’mnotsureitwillgetmeajobwhenIgraduate”wereaskedtoanswerthisques/on. ©2016 McGraw-Hill Education. Figuresinredfontindicatesta/s/callysignificantdifferentresultswithinsegmentsatp<.05 CareerPercep/on Themajorityofrespondentscon/nuetofeeleithersomewhatorveryop/mis/cabouttheirjobprospectsin2016(70%). 2016(n=1,360) 2015(n=983) 34% I'mveryop/mis/c 30% 36% I'msomewhatop/mis/c 38% 16% I'mneitherop/mis/cnorpessimis/c 17% 11% I'msomewhatpessimis/c 12% 3% I'mverypessimis/c 3% 0% 10% 20% 30% 40% 50% 31 HowwouldyourateyourfeelingsregardingyourownprospectsofgeMngagoodjobonceyougraduate? ©2016 McGraw-Hill Education. CareerPercep/on Op/mismissignificantlyhigheramongSTEMmajors(72%)thanartsandhumani/esmajors(61%)aswellassocialsciencemajors(61%). 73% 75% 72% 69% 61% 61% 60% 45% 30% 15% 0% Artsandhumani/es(N=100) Businessandeconomics (N=500) SocialSciences(N=112) STEMfield(N=304) Other(N=344) HowwouldyourateyourfeelingsregardingyourownprospectsofgeMngagoodjobonceyougraduate? Note:Percentagesreflectrespondents’“top2”choices(“Veryop/mis/c”and“Somewhatop/mis/c”). Figuresinredfontaresta/s/callysignificantdifferentatp<.05.N=1,360 32 ©2016 McGraw-Hill Education. CareerPreferences In2016,anarrowmajorityofrespondents(57%)preferajobthatpayslessbuthasabeneficialimpactforsocietyoverajobthatpayswell withnobeneficialimpactforsociety.Similarly,aroundeightypercentofrespondentspreferajobtheyloveoverbeingpaidwell. Jobthatpayswellwithnobeneficialimpactonsociety Jobthatdoesnotpaywell,buthasabeneficialimpactonsociety Beingpaidwell DoingwhatIlove 100% 100% 79% 80% 76% 80% 57% 60% 43% 55% 60% 45% 40% 40% 21% 24% 20% 20% 0% 0% 2016(n=1,360) Whichofthefollowingwouldyouprefer? 2015(n=983) 2016(n=1,360) 2015(n=983) Whichismoreimportanttoyoupersonally? 33 ©2016 McGraw-Hill Education. CareerPreferences,bySegment2016 Femalerespondentsaresta/s/callydifferentfrommalerespondentsintermsofjobpreferences.Sixty-onepercentofwomenwouldprefera jobthatdoesnotpayswellbutisbeneficialtosocietyascomparedto48percentofmen.Femalesalsoplaceahigheremphasisondoing whattheyloveversusgeyngpaidwell.Businessandeconomicsmajors,aswellasgraduatestudents,arethemostlikelytopreferajobthat payswellwithnobeneficialimpactonsociety.Respondentsstudyingbusinessputalsolessemphasisondoingwhattheylovecomparedto othermajorssuchasartsandhumani/es.Similarly,graduatestudentsplaceahigherimportanceonincomethanundergraduates. 2016 Whichofthefollowingwouldyouprefer? Whichismoreimportanttoyoupersonally? Jobthatdoesnotpaywell,but hasabeneficialimpactonsociety Jobthatpayswellwithno beneficialimpactonsociety Beingpaidwell DoingwhatIlove 58% 56% 60% 58% 42% 44% 40% 42% 19% 21% 22% 21% 81% 79% 78% 79% 45% 55% 35% 65% Gender Jobthatdoesnotpaywell,but hasabeneficialimpactonsociety Jobthatpayswellwithno beneficialimpactonsociety Beingpaidwell DoingwhatIlove Female(N=932) Male(N=427) 61% 48% 39% 52% 18% 26% 82% 74% FieldofMajor Jobthatdoesnotpaywell,but hasabeneficialimpactonsociety Jobthatpayswellwithno beneficialimpactonsociety Beingpaidwell DoingwhatIlove Artsandhumani/es(N=100) 66% 34% 9% 91% Businessandeconomics(N=500) 48% 52% 28% 72% SocialSciences(N=112) 71% 29% 20% 80% STEMfield(N=304) 59% 41% 21% 79% Other(N=344) 62% 38% 15% 85% CollegiateStatus Freshman(N=362) Sophomore(N=409) Junior(N=291) Senior(N=243) Inamastersordoctorate program(N=55) Q.1Whichofthefollowingwouldyouprefer? Q.2Whichismoreimportanttoyoupersonally? Figuresinredfontindicatesta/s/callysignificantdifferentresultswithinsegmentsatp<.05 34 ©2016 McGraw-Hill Education. COLLEGEREFLECTIONS 35 ©2016 McGraw-Hill Education. CollegeReflec/ons–HighSchool Asignificantlysmallermarginofrespondentsin2016reportbeingadequatelypreparedtomeetchallengesposedbytheircollege/university coursesbasedontheirhighschoolexperiencecomparedto2015responses. 2016(n=1,360) 2015(n=983) 61% Well-Iwasadequatelypreparedtomeetthechallengesposedbymy college/universitycourses 65% 25% Notwell-Iwasnotadequatelypreparedtomeetthechallengesposedby mycollege/universitycourses 24% 6% Notatall-Iwascompletelyunpreparedtomeetthechallengesposedby mycollege/universitycourses 6% 7% Notapplicable 5% 0% 15% Howwelldidhighschoolprepareyouforyourcollegeoruniversityprogram? Figuresinredfontaresta/s/callysignificantdifferentatp<.05 30% 45% 60% 75% 36 ©2016 McGraw-Hill Education. CollegeReflec/ons-Sa/sfac/on Reportedsa/sfac/onwithcollegeexperiencecon/nuestosignificantlyincreasein2016(79%)comparedto2015(75%). 100% 80% 79% 75% 60% 40% 20% 0% 2016(n=1,360) 2015(n=983) Overall,howsa5sfiedareyouwithyourcollegeexperience? Note:Percentagesreflectrespondents’“top2”choices(“Verysa/sfied”and“Somewhatsa/sfied”). 37 ©2016 McGraw-Hill Education. CollegeReflec/ons–Sa/sfac/onbyGender Femalesreportsignificantlyhighersa/sfac/onwiththeircollegeexperiencecomparedtomales. 100% 82% 80% 74% 60% 40% 20% 0% Female(N=932) Male(N=427) Overall,howsa5sfiedareyouwithyourcollegeexperience? Note:Percentagesreflectrespondents’“top2”choices(“Verysa/sfied”and“Somewhatsa/sfied”). Figuresinredfontaresta/s/callysignificantdifferentatp<.05.N=1,360 38 ©2016 McGraw-Hill Education. CollegeReflec/ons-Cost Morethanhalfofrespondents(52%)statetheywouldhavea^endedcommunitycollegefirstiftwoyearsoffreecommunitycollegewere offereda]erhighschool.Seventy-twopercentofrespondentsin2016considercosttobeoneofthebiggestfactorsindeterminingwhereto a^endcollege,withasignificantlylargermarginof2016respondents(36%)sta/ngcostis“veryimportant”comparedto2015. 2016(n=1,360) A^endedcommunitycollege beforeenrollinginyourcurrent collegeoruniversity 52% A^endedcommunitycollege insteadofyourcurrentcollegeor university 2015(n=983) Veryimportant:Itwasthebiggest factorindeterminingwhereIa^ended college 36% 30% Somewhatimportant:Itwasoneofthe biggestfactorsindeterminingwhereI a^endedcollege 10% 36% 40% 19% Notveryimportant:Iconsideredcost, butitdidn’theavilyimpactmydecision Donenothingdifferently 38% 0% 15% 30% 45% 60% 75% Iftwoyearsoffreecommunitycollegewereofferedtoyouwhenyou graduatedfromhighschool,youwouldhave: Note:Respondentswhodidnota^endacommunitycollegewere askedtoanswerthisques/on.N=947 21% 9% Notatallimportant:Costwasnota factorinmakingmycollegechoice 9% 0% 15% 30% 45% 60% 75% Howimportantwascosttoyouwhendecidingwhichcollegeyou wouldaOend? Figuresinredfontaresta/s/callysignificantdifferentatp<.05 39 ©2016 McGraw-Hill Education. CollegeReflec/ons–byGender Morethanhalfoffemales(56%)wouldhavea^endedcommunitycollegebeforeenrollingintheircurrentcollege/universitya]ergradua/ng highschool.Malesaresignificantlymorelikelytoreportnotchanginganything. Female(N=631) Male(N=315) 56% A^endedcommunitycollegebeforeenrolling inyourcurrentcollegeoruniversity A^endedcommunitycollegeinsteadof yourcurrentcollegeoruniversity 44% 10% 11% 35% Donenothingdifferently 45% 0% 15% 30% 45% 60% 75% Iftwoyearsoffreecommunitycollegewereofferedtoyouwhenyougraduatedfromhighschool,youwouldhave: 40 Note:Respondentswhodidnota^endacommunitycollegewereaskedtoanswerthisques/on. ©2016 McGraw-Hill Education. Figuresinredfontaresta/s/callysignificantdifferentatp<.05 CollegeReflec/ons–CostbyCollegiateStatus& Gender Graduatestudentsseemtoa^achlessimportancetocostswhendecidingwheretogotocollege.Costwasanimportantfactorfor60percent ofgraduatestudents,significantlylessthansophomores(73%)andjuniors(76%).Costisalsosignificantlylessimportanttomales(64%)than females(75%). 100% 80% 72% 73% 76% 75% 68% 64% 60% 60% 40% 20% 0% Freshman(N=362) Sophomore(N=409) Junior(N=291) Senior(N=243) Inamastersor doctorateprogram (N=55) Female(N=932) CollegdiateStatus HowimportantwascosttoyouwhendecidingwhichcollegeyouwouldaOend? Note:Percentagesreflectrespondents’“top2”choices(“Veryimportant”and“Somewhatimportant”). Figuresinredfontindicatesta/s/callysignificantdifferentresultswithinsegmentsatp<.05.N=1,360 Male(N=427) Gender 41 ©2016 McGraw-Hill Education. CollegeReflec/ons Respondentscon/nuetoa^achthehighestimportancetoacademics,costandvaluewhendecidingwhichcollegetoa^end.Studentlife, reputa/on,andjobplacementratesarelessimportanttostudentdecisionmaking. 2016(N=1,359) 1-Most Important 2 3 4 5 6 7-Least Important Academics 20% 23% 22% 18% 10% 6% 2% Cost 32% 18% 12% 9% 9% 10% 10% 15% 20% 23% 16% 14% 9% 4% 13% 13% 13% 11% 14% 15% 20% 9% 12% 10% 16% 17% 19% 17% Jobplacementrates/Internshipavailability 6% 8% 13% 19% 21% 24% 9% Studentlife 6% 6% 8% 10% 15% 17% 38% Value:Thequalityofacademics atthebestprice FlexiblecourseopAons (e.g.remote,part-Ame,weekends) PresAgeandreputaAonofthecollege and/ordegreeprogram 2015(N=983) 1–Most Important 2 3 4 5 6–Least Important Academics 24% 28% 23% 14% 8% 3% Cost 27% 18% 13% 13% 13% 15% 23% 22% 22% 16% 11% 5% 12% 12% 16% 17% 23% 19% Jobplacementrates/Internshipavailability 8% 10% 16% 25% 28% 13% Studentlife 6% 9% 10% 15% 16% 44% Value:Thequalityofacademics atthebestprice PresAgeandreputaAonofthecollege and/ordegreeprogram WhichofthefollowingfactorswasimportanttoyouwhenchoosingacollegetoaOend?Pleaserankin descendingorderfrommostimportanttoleastimportant. Note:Scalesandanswerop/onsdifferfrom2015to2016.Tablessortedbymeanresponse. 42 ©2016 McGraw-Hill Education. DEMOGRAPHICS 43 ©2016 McGraw-Hill Education. Demographics–2016&2015Itera/ons Whatisyourcollegiatestatus? 2016(N=1,360) Freshman 27% Sophomore 30% Junior 21% Senior 18% Inamastersordoctorateprogram 4% Inwhatfieldisyourmajor? 2016(N=1,360) Artsandhumani/es 7% Businessandeconomics 37% Socialsciences 8% STEMfield(science,technology,engineering,ormath) 22% Other(pleasespecify) 25% Whattypeofcollegeoruniversitydoyoua_end? 2016(N=1,305) 2-yearassociate'sprogramortechnicalschool(notpartofacommunitycollege) 4% 2-yearcommunitycollege 27% 4-yearpublicuniversity 48% 4-yearprivatefor-profituniversity 9% 4-yearprivatenon-profituniversity 11% 44 ©2016 McGraw-Hill Education. Demographics–2016&2015Itera/ons Whatisyourgender? 2016(N=1,359) Female 69% Male 31% Roughlyhowmanyundergradsareenrolledatyouruniversity? 2016(N=1,359) Under5,000 23% 5,000to9,999 27% 10,000to19,999 21% 20,000to39,999 20% 40,000ormore 9% Whatbestdescribesyourethnicity? 2016(N=1,359) AmericanIndianorAlaskaNa/ve 1% Asian 12% Black 16% HispanicorLa/no 15% Mul/racial 4% Na/veHawaiianorOtherPacificIslander 1% White 51% 45 ©2016 McGraw-Hill Education. APPENDIX 46 ©2016 McGraw-Hill Education. MarginofError When interpreAng the results it is important to keep in mind the underlying margin of errors, which depend on the sample size, the confidence interval, and the populaAon the sample is drawn from. Hanover uses the standard confidence interval of 95 percent and assumes an underlying populaAon of 150,000 , which leads to the following margin of errors. IteraAon SampleSize Marginoferror(rounded) 2014 607 4% 2015 983 3% 2016 1,360 3% Margin of error with a significance level of 95 percent means that there is a 95 percent chance that the correct answer (i.e. the true but unobserved populaAon parameter) is within the margin of error of the result obtained from the sample. Therefore, the true populaAon proporAon is 95% likely to fall within +-3 percent of the observed proporAon from the 2016 and 2015 surveys. For the 2014 survey, the correct result will likely be within +-4 percent of the sample result. The 2016 and 2015 surveys are more precise in esAmaAng the true parameters due to their larger sample sizes. 47 ©2016 McGraw-Hill Education. Sta/s/calSignificanceTes/ng Hanover uses the two-proporAon z-test to do staAsAcal significance tesAng. The z-test is appropriate to test for staAsAcal significant differences across the 2014-2016 students populaAons because the three surveys consist of large, randomly drawn samples. In addiAon, it is feasible to assume that both samples are independent of each other and are normally distributed. The starAng point of the test is the null hypothesis, which states that the difference between the 2014-2016 unobserved populaAon proporAons equals zero. Null hypothesis: P1 – P2 = 0 à P1=P2 AlternaAve hypothesis: P1 – P2 ≠ 0 à P1 ≠P2 To test if the null hypothesis holds true, one subtracts the proporAon obtained from the first sample by the proporAon taken from second sample and divide the difference by the combined standard error of the sampling distribuAons. Z-score=(p1 – p2) / standard error The higher the z-score the lower the p-value. If the p-value is below the standard significance level of 5 percent, than one can reject the null hypothesis. The proporAons are therefore staAsAcal significant different at the 5 percent significance level. This means the probability is 95 percent that there is a real and profound difference between two sample proporAons from the samples. Put differently, it is unlikely that the two observed sample proporAons just differ by random chance. Consequently, there should also be a significant difference between the actual, but unobserved, populaAon proporAons, i.e. students from 2016 should have real different preferences than students from 2015 based on the fact that the esAmated (observed) sample proporAons are staAcally significant different from each other. Vice versa, if the p-value is larger than 5 percent, one cannot reject the null hypothesis and it is likely that the observed difference between two sample proporAons just occurred by random chance. 48 ©2016 McGraw-Hill Education. Contact: TylerReed Director,Communica/ons Tyler.Reed@mheduca/on.com (646)766-2951 www.mheduca/on.com ©2016 McGraw-Hill Education.