Alumni of the undergraduate Class of 2013 have the highest rate of employment or post-graduation study of ϳԹ graduates in recent years, according to results of the Career Center’s 2013 First Destination Survey. Eighty-eight percent of the Class of 2013 either is employed full-time or seeking advanced degrees. This is in comparison to 86 percent of 2012 graduates, 84 percent for the Class of 2011, 81 percent for 2009 and 2010 alumni, and 84 percent for the Class of 2008.
In recent years, the job market has been grim for many college graduates, with the Federal Reserve Bank of New York that 44 percent of new college graduates were underemployed—or in jobs that did not aptly use their degrees—and up to 8 percent were unemployed, depending on major.
But, according to ϳԹ’s First Destination Survey, 46 percent of 2013 graduates were employed full time—74 percent of whom reported their jobs required college degrees and were related to their fields of study—while 42 percent sought advanced degrees. Five percent were available for employment, while 7 percent pursued other opportunities.
The annual study sought data from 871 graduating seniors; overall, post-graduation data was collected for nearly 80 percent of the Class of 2013 (684 graduates).
The data shows the lowest rate of unemployment in the past 10 years; the 5 percent rate is down from 13 percent in 2006 and 8 percent for the Class of 2012.
“It’s really one of the most interesting reports that we’ve seen in a number of years, and I think a part of that is our students are doing really interesting, exciting and relevant things by way of graduate and professional school studies as well as starting their careers,” said Tom Matthews, executive director of the Career Center. “Our students are being very broadly educated, and I think that affords them a greater myriad of opportunities.”
Employment opportunities
Just where are these young alums starting out? Some organizations hired multiple ϳԹ graduates, including:- University Hospitals (13 alumni)
- Teach for America (11)
- Epic Systems (10)
- Accenture (9)
- Cleveland Clinic (8)
- General Electric (8)
- Microsoft Corp. (8)
- ϳԹ (6)
- Swagelok (6)
Starting salaries
Overall, the median salary range for the Class of 2013 was $50,000-54,999. When divided by school, median salary ranges were:- Case School of Engineering: $60,000-64,999 (increase of $5,000 from prior year)
- College of Arts and Sciences: $30,000-34,999 (no change from prior year)
- Frances Payne Bolton School of Nursing: $45,000-49,999 (decrease of $5,000 from prior year)
- Weatherhead School of Management: $45,000-49,999 (no change from prior year)
Higher education
More than 280 students were pursuing graduate/professional degrees at a variety of schools across the country, such as:- Harvard University
- Johns Hopkins University
- Northwestern University
- Stanford University
- University of Pennsylvania
- Yale University
Experiential learning
Whether heading to full-time careers or full-time education, the majority of Class of 2013 alumni noted the experiential learning opportunities—including faculty-led research, internships, practicums or community service—at ϳԹ helped prepare them for life beyond campus. Further, the recent alumni noted these experiences helped them most improve:- technical job content skills (51 percent)
- communication skills (46 percent)
- strong work ethic (44 percent).