50% business students with jobs at graduation-good or not?

<p>I went to an open house about the business department at a local university. The power point highlighted that 50% of its business students had jobs at graduation. Less than 5% went to grad school at graduation. This department has a great accounting program, among other business majors. What is your opinion about sending your child to a business school with a 50% placement rate at graduation? Is this fantastic during a recession? Is this a concern that 50% do not have jobs at graduation?
What are you hearing about placement numbers at other undergraduate business school presentations? Thanks.</p>

<p>If those statistics are from last year, that's excellent! Overall, I believe only 20% of college grads got jobs last year.</p>

<p>Got</a> Work? - ABC News</p>

<p>At first blush I also thought 50% was a good number. Most business majors who think about gaining an MBA do not go directly to graduate school. Most MBA programs perfer alittle work experience under the belt so the 5% also made sense.</p>


<p>In your case, I think the other factors (single room availability, services provided by disability office, right kind of environment, distance from home) is far far more important than the placement rate. The ability of a student to get hired by a company is much more depedent on the student than on the college he/she graduated from.</p>

<p>To answer your question, 50% is not bad. It's hard getting a job while you are in college because that means the employer is sitting around waiting for you to gradudate even though you have already signed an offer. It's much easier to wait for you to graduate, then interview you and then decide to extend a job offer so you can start right away.</p>

<p>The tour guide said freshmen do not get singles. Also, on campus housing is only guaranteed for 2 years. The university has a parking problem, so I would have to eventually fund an off campus apartment walking distance to classes. The crown jewel of the business school is its accounting program. I told my son if he wants the accounting program, then consider this school. However, he is not sure he wants accounting. I am a bit nervous going through savings to pay for a business school where there 50% do not have jobs at graduation. Therefore, I told my son to start at the local community college and see if he wants to do the math required for accounting or actuary science before starting a 4 year college. He said he only wants a 4 year university, no transferring. It is a hard situation to figure this out.</p>

<p>The economy is already improving. In 4 years it will be booming and placement will>>80% plus grad schools or around 90%+ all together. Last year was the worst in many years.</p>

<p>I think the college choice should have at least 2 or 3 possible good majors/programs which prepare you for a good job at grauduation. I say 2 or 3 programs because some kids change their mind about majors after starting college and it is better to stay at the same school, not transfer for another program. This school's strength is accounting. If my child went there, doesn't want accounting, then what? Don't most business schools have strong programs in various areas of business?</p>

<p>OK, here's what I'd suggest in your case:</p>

<p>Your son seems really interested in 4 year university as opposed to cc. You are concerned about how well he would do because of his skills and abiliites and challenges that he experiences in life. Fair enough.</p>

<p>I think that providing him the opportunity to do well in a university setting is important since he really wants to go and likely has a lot of aptitude. He just might surprise you at how he can do. However, I'd agree to only pay for the first semester and make future conditions contingent on his performance, and for him to be willing to do a cc if he doesn't do well enough at a university.</p>

<p>I'd also give him the tools to make sure that he can do well in a university setting. For example, you have mentioned that he is sound sensitive. It'd be important for him to go to college understand that it's ok to wear earplugs / hearing protectors to block out the sounds that are bothersome, and to probably send a few pairs of earplugs / hearing protector with him. Whether he uses them is up to him.</p>

<p>But I don't think I'd force a student to attend a cc if he wanted to attend a university, because he will always think that he would have suceeded at a university except his mother wouldn't let him. </p>

<p>To answer your original question, 50% having jobs prior to graduation is good, but I don't think that whether your student gets a job during senior year would be dependent on where he attends the first two years of school.</p>

<p>I just checked Cornell's UG business school job placement for 2009 - 77% found employment, 9% went on to graduate school, 12% seeking employment, 2% undecided. </p>

<p>I absolutely believe job placement at an university is important, especially if you are a business major. Looking at "quality" of company that recruits at a school tells you how well regarded a school is. The best time to look for a first job is through school's career center and while still in school. I have posted in other threads before, if a job is the end goal upon graduation then it pays to visit school's career center, see what companies recruit on campus, what percentage of students are employed, and what kind of services they provide to students. Before I decided on which high private school to enroll my kids, I checked out their college placement record and how good their college counseling was. No different than college.</p>

<p>Knowing a little bit about business schools, 50% may or may not be good. </p>

<p>First: From many of the lower ranked institutions and many state schools that do not have many on campus recruiters, 50% is a good figure. For better known schools with strong placement departments, 50% may not be that good.</p>

<p>Second: Where is the school located. If it is in a urban area with a lot of businesses, 50% may not be that good. For a school in a smaller town it may be pretty good as many students may want to go elsewhere and look for jobs and not in the local area.</p>

<p>Third, many accounting students want to get a CPA, in which case they need to find an accounting firm that can give them the necessary internship experience. These types of internships are not often posted and are sometimes the results of private networks and references. They may or may not figure in the 50%. One question I would ask the accounting program is how many students go and get a CPA and how are they placed.</p>

<p>That said, this economic climate has thrown a lot of the conventional notions out of the water, so you may want to check placement statistics for last 3-5 years.</p>

<p>Just throw in another benchmark -
Haas Class of 2009, Destination Survey of graduating seniors:<br>
Graduated 323, Responded 148, Response Rate 46%, Respondents Employed: 121</p>

<p><a href="https://career.berkeley.edu/Haas/HaasEmploymentReports2009.pdf%5B/url%5D"&gt;https://career.berkeley.edu/Haas/HaasEmploymentReports2009.pdf&lt;/a&gt;&lt;/p>

<p>oldfort, does the 77% of Cornell factor in the non-response already, or it's only from the resonsdents?</p>

<p>77% of Cornell students responded, I think that is a high percertange of response. One may say most likely 33% students who didn't respond probably didn't have a job. But that's all any school has to go by, they only have information of students who replied.
<a href="http://aem.cornell.edu/undergrad/job_placement.htm%5B/url%5D"&gt;http://aem.cornell.edu/undergrad/job_placement.htm&lt;/a&gt;&lt;/p>

<p>You mean 23% who didn't respond. :)</p>

<p>Yes, 23% who didn't respond. Just woke up from a nap, time zone difference is killing me.</p>

<p>You make an excellent point about job placement record. The university we visited is driving distance to many businesses and is in a nice suburban location. I told my son to consider community college for 2 years and then try to transfer to the best private university he could get into for business school. He still responds that he does not want the local community college. I am thinking that perhaps he should cast a wider net of applications with the hope that maybe he will get some decent merit aid as I refuse to pay $50k X 4 years.</p>

<p>How about something in between - Transfer from the local univ. to the private if your son refuse community college?</p>

<p>And yes, do apply to many to maximize your chance of merit aid.</p>

<p>My son wants one 4 year college or university. He does not want to do any transferring.
Therefore, we have to search hard for a 4 year school which has a good business department, actuary science degree, plus some other nice amenities (single room, good food).</p>