Executives more optimistic about graduates this year, survey finds
The vast majority of executives (82%) readily acknowledge that jobs are still harder to come by today than when they graduated.
Today’s College Degree – Not What It Used to Be?
When it comes to building their own careers, executives are in lockstep on the critical role that education played. Nearly nine in 10 (87%) say that their studies prepared them for the jobs they’re in now. More than six in 10 (62%) believe their college degree was “necessary” for their career success.
However, when looking at the class of 2014, surprisingly, most (54%) believe that a college degree today is “less valuable” than it was when they donned their caps and gowns years ago.
“An education determines a worker’s earnings for life. Increasingly the value of today’s graduate degree is the equivalent of yesterday’s undergraduate degree,” said Korn Ferry CEO Gary D. Burnison. “For the class of 2014 entering a workforce that is fast changing and complex, there is a strong premium placed on those who are learning agile – the college graduates who can adapt, grow and evolve in a dynamic environment.”
Echoing the importance of securing an advanced degree to prepare for today’s increasingly complex environment, 77% of executives say that a graduate degree is “worth the investment.”
From April 1-14, Korn Ferry surveyed nearly 200 corporate executives.
Full Korn Ferry Executive Survey Results
Do you think that the prospects for college graduates this year are better or worse than a year ago? Than three years ago?
One Year Ago
Three Years Ago
Is a college degree necessary for career success?
Is it easier or harder for a 2014 college graduate to get a job compared to the year you graduated?
Do you think your education prepared you for the job you have now?
Is the US education system preparing students to be highly competitive workers?
Is a college degree today more or less valuable than it was when you graduated?
Do you think a graduate degree (doctorate, masters etc.) is worth the investment?