College hiring outlook near 10-year high
College hiring outlook near 10-year high
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Companies plan to hire more recent college graduates this year than in the past 10 years, according to a CareerBuilder survey released today. Of employers surveyed, 67% said they plan to hire recent college graduates this year, up from 65% last year and the highest outlook since 2007. More than a third, 37%, plan to offer recent college graduates higher pay than last year, and 27% will pay a starting salary of $50,000 or more.
“In addition to an improving economy, we are beginning to see a rising number of retirements, which is creating more room for advancement and creating opportunities for entry-level candidates,” said Rosemary Haefner, chief human resources officer for CareerBuilder. “But just because there are vacancies doesn’t mean college students are always ready to fill them.”
The survey found employers are concerned that new college grads may not be ready for the real world: 24% do not feel academic institutions are adequately preparing students for roles needed within their organizations, up from 21% last year.
Business majors ranked as the most sought-after major, named by 35% of employers. Other in-demand majors include:
Computer and information sciences: 23%
Engineering: 18%
Math and statistics: 15%
Health professions and related clinical sciences: 14%
Communications technologies: 11%
Engineering technologies: 11%
Communication and journalism: 8%
Liberal arts and sciences, general studies and humanities: 7%
Science technologies: 7%
Social sciences: 6%
Biological and biomedical sciences: 6%
Architecture and planning: 6%
Education: 5%
IT and customer service jobs topped the list of position types hiring managers are primarily looking to fill, at 27% and 26%, respectively. Finance/accounting and business development followed, both at 19%, while 17% of hiring managers seek to fill sales positions.
The survey found 37% of employers who plan to hire recent college graduates will offer higher starting salaries than they did last year. More than half, 53%, expect no change in salary offers, and 11% expect a decrease in starting salaries. Half of employers, 52%, said they will make offers to students before they graduate and the majority of employers, 67%, said they are willing to negotiate salary offers.
Harris Interactive conducted the online survey in the US on behalf of CareerBuilder among 2,186 hiring and human resource managers. The survey was conducted between Feb. 10 and March 17, 2016.