American Society of Employers (ASE) releases 2019 Starting Salaries for Co-op Students and Recent College Graduates Survey

Media Contact: Heather Nezich, Manager, Communications, ASE, 248.223.8040, hnezich@aseonline.org

Livonia, Mich. —March 26, 2019 — The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, released the organization’s 2019 Starting Salaries for Co-op Students and Recent College Graduates Survey today. The annual survey provides a comprehensive look at the current state of wages and benefits provided to co-op students and recent college graduates. The survey also presents employers a snapshot of the recruitment and retention trends associated with these new entrants to the workforce.

Mary E. Corrado, ASE President and CEO, stated, “The data shows that college graduates have higher expectations for career growth and work environment than they do for compensation. Employers must realize that it takes more than fair and competitive compensation to create an engaging employee experience and retain these new workers.”

115 companies responded to the 2019 Starting Salaries for Co-op Students and Recent College Graduates Survey. The majority (76%) of the respondents have under 500 employees. Just over 80% of respondents are located in the metro Detroit region with 51.3% of those classified as automotive suppliers.

2019 Starting Salaries for Co-op Students and Recent College Graduates Survey Highlights:
• Nearly three out of four (74%) respondents say their company has hired, or plans to hire, a recent college graduate in 2019, similar to what was reported in 2018.
o 30% of the companies have increased their hiring efforts for college graduates this year compared to last year, an increase of 7% from 2018.
• The data suggests that the top five in-state institutions Michigan organizations actively recruit from are: 1) University of Michigan; 2) Michigan State University; 3) Oakland University; 4) Lawrence Technological University; 5) Kettering University.
• The top three most popular technical Bachelor-degree disciplines hired in the past year were: 1) Mechanical Engineering; 2) Electrical Engineering; 3) Computer Science.
• The top three most popular non-technical Bachelor-degree disciplines hired in the past year were: 1) HR/Labor Relations; 2) Finance; 3) Accounting
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: related coursework; computer skills; and internship/work experience.
• The top three perceived shortcomings of recent college graduates are: 1) career expectations (62%); 2) adaptation to work environment (60%); 3) compensation expectations (53%).
• Of the six disciplines named above (Accounting, Finance, HR/Labor Relations, Mechanical Engineering, Electrical Engineering, and Computer Science) the highest starting salaries went to the engineering disciplines. The average starting salary for Electrical Engineering was $68,330; and for Mechanical Engineering the average was $66,305. Finance came in at $53,981; Computer Science $53,445; HR/Labor Relations $49,144, and Accounting came in at $44,646.
• Pay rates for high school and college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.84 an hour and $16.20 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.72 an hour and $15.17 for a non-technical field.
Pricing
• This survey is available free of charge to ASE members and for $525 to non-members.

About the American Society of Employers (ASE) – a Centennial Organization
American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

American Society of Employers (ASE) releases 2016 Starting Salaries for Co-op Students and Recent College Graduates

The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, today released the organization’s 2016 Starting Salaries for Co-op Students and Recent College Graduates survey. The annual survey provides a comprehensive look at current workforce conditions and reveals what co-op students and recent college graduates can expect in terms of job availability and compensation. Mary E. Corrado, president and CEO of ASE, says the 2016 survey reveals strong interest by employers to invest in students, as well as a high demand for graduates with technical and business-related degrees.

“In addition to providing updated salary information, this year’s survey reflects that the investment by Detroit area employers in co-op and internship programs remains strong,” Corrado said. “It also affirms the financial rewards available to new graduates with degrees in key engineering and business fields.”

170 companies responded to the 2016 Starting Salaries for Co-op Students and Recent College Graduates survey, which was distributed to 2200 employers in an online format in February. 75% of respondents are located in the metro Detroit region with an average of 590 employees (median employee count of 164); 48% are classified as automotive suppliers.

2016 Starting Salaries for Co-op Students and Recent College Graduates Survey Highlights:
• The “Labor Market” (62%) and “Performance of the Company” (50%) continue to be the two largest reasons for a change in hiring and recruiting practices for recent college graduates.
• There was a 5% overall increase from 2015 in organizations providing benefits to co-op students. Auto suppliers providing benefits to co-ops increased 9%.
• For college co-ops, the following benefits were provided at least 10% more often than in 2015: medical coverage, prescription drug coverage and dental coverage.
• There was a 10% increase in service industry companies who have hired recent college graduates in the past year, or plan to in 2016.
• Hiring of MBA students has increased since 2015. Hiring of MBA students with a technical undergraduate degree increased 12%; for MBA students with a non-technical B.A., the hiring increased 14%.

Hiring Trends:
• Nearly four out of five (79%) respondents say their company has hired, or plans to hire, a recent college graduate in 2016.
o Three out of five (60%) of those companies say hiring practices have remained the same in 2016 as 2015.
o Nearly two out of five (38%) of the companies who have hired or plan to hire a recent graduate in 2016 have increased their hiring efforts this year.
• Statistically, the top five in-state institutions the responding companies actively recruit from are: 1) University of Michigan; 2) Michigan State University; 3) Oakland University; 4) Wayne State University; 5) Kettering University.
• The top three most popular technical Bachelor-degree disciplines hired in the past year were: 1) Mechanical Engineering; 2) Electrical Engineering; 3) Computer Science.
• The top three most popular non-technical Bachelor-degree disciplines hired in the past year were: 1) Business Administration; 2) Accounting; 3) Human Resources/Labor Relations.
• Automotive suppliers have decreased their hiring of Bachelor-level mechanical engineers, resulting in a 16% decrease in hiring among automotive suppliers compared to a year ago.

Candidate and Salary Trends:
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: 1) computer skills; 2) related coursework (i.e., to the work required in the job); 3) work experience/internships.
• As in 2015, the top three perceived shortcomings of recent college graduates are: 1) adaptability to the work environment (58%); 2) career expectations (55%); 3) compensation expectations (46%).
• Fewer companies are paying a premium for graduates from specific schools. Overall the percentage dropped from 6% in 2015 to 3% this year. But in Non-Auto Supplier organizations, the percentage dropped from 14% to 0%.
• However, more organizations are instead paying premiums for graduates with certain qualifications. 15% more service organizations, 18% more organizations with under 100 employees and 9% more Non-Auto Suppliers reported paying these premiums than what was reported in 2015. The overall increase was 5%.
• Of the six disciplines previously named (Mechanical Engineering, Electrical Engineering, Computer Science, Business Administration, Accounting and Human Resources/Labor Relations), the highest starting salaries went to the engineering disciplines. The average starting salary for Mechanical Engineering was $60,574 and $59,096 for Electrical Engineering. Computer Science came in on average at $57,115; Accounting at $49,918; Business Administration at $48,483; and Human Resources/Labor Relations at $49,485.
• Pay rates for college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.36 an hour and $15.40 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.09 an hour and $14.59 for a non-technical field.

To obtain a copy of the 2016 Starting Salaries for Co-op Students and Recent College Graduates survey, contact Kevin Marrs, Vice President at ASE, 248-223-8025 or kmarrs@aseonline.org.

About the American Society of Employers (ASE) – a Centennial Organization
The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

American Society of Employers (ASE) releases Starting Salaries for Co-op Students and Recent College Graduates survey

Results show demand for technical degrees, need for students to be adaptable

Livonia, Mich. —May 4, 2015 — Today, the American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, released the organization’s Starting Salaries for Co-op Students and Recent College Graduates survey. The annual survey provides a snapshot in time of current workforce conditions and what co-op students and recent college graduates can expect in terms of job availability and compensation. Mary E. Corrado, president and CEO of ASE, says the 2015 survey reveals a high demand for graduates with technical degrees and the ability to adapt behaviorally to different work environments.

“The economy is cyclical and unpredictable, and the hottest job today may not exist four to six years from now,” Corrado said. “However, this annual survey confirms that organizations are continuing to invest in co-ops and interns, jobs will again be available for students with technical degrees and, regardless of industry, students need to make sure they can adapt to different work environments.”

A total of 168 companies, 80% of them located in the metro Detroit region with an average of 760 employees, and more than half classified as automotive suppliers, responded to the 2015 Starting Salaries for Co-op Students and Recent College Graduates survey. Survey highlights include:

Hiring Trends:
• Three out of four (74%) respondents say their company has hired, or plans to hire, a recent college graduate in 2015
– More than half (56%) of those companies say hiring practices have remained the same in 2015 as 2014
– 40% of the companies who have hired or plan to hire a recent graduate in 2015 have increased their hiring efforts this year
• Statistically, the top six in-state institutions the responding companies actively recruit from are: 1) University of Michigan; 2) Michigan State University ; 3) Kettering University; 4) Oakland University ; 5) Michigan Technological University and Wayne State University (tied)
• The top three most popular technical bachelor-degree disciplines hired in the past year were: 1) mechanical engineering; 2) electrical engineering; 3) computer science
• The top three most popular non-technical bachelor-degree disciplines hired in the past year were: 1) business administration; 2) accounting; 3) human resources/labor relations
• Automotive suppliers have increased hiring of bachelor-level mechanical engineers, resulting in a 16% increase in hiring among automotive suppliers compared to a year ago

Candidate and Salary Trends:
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: 1) computer skills; 2) related coursework (i.e., to the work required in the job); 3) work experience/internships
• The top three shortcomings of recent college graduates are: 1) adaptability to the work environment (63%); 2) career expectations (60%); 3) compensation expectations (51%)
• Only 6% of survey respondents would pay a premium if a graduate was from a specific school. However, when a company is willing to pay a premium, the majority will do so for University of Michigan graduates
• Of the six disciplines named above (mechanical engineering, electrical engineering, computer science, business administration, accounting and human resources/labor relations), the highest starting salaries went to the engineering disciplines. Depending on the specific specialty, the starting engineering salaries ranged from $57,000 to $63,467; computer science came in on average at $54,495; finance at $51,038; accounting at $48,493; business administration at $46,099; and human resources at $45,488.
• Pay rates for high school and college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.23 an hour and $15.10 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.02 an hour and $14. 20 for a non-technical field.

To obtain a copy of the Starting Salaries for Co-op Students and Recent College Graduates survey, contact Kevin Marrs, Vice President at ASE, 248-223-8019 or kmarrs@aseonline.org.

About the American Society of Employers (ASE) – a Centennial Organization
The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

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