ℂm¢Numbers: Get Money, Get Paid

By: Nathan Falk and Katya Abazajian | Feb 28, 2013 | 521 Views Life, ℂm¢Numbers |

Have you ever considered the possibility of full-time employment after graduation? Great, we’re sure your classmates haven’t either.

In case you change your mind and decide to spend some time appraising your post-graduation opportunities, however, we’ve put together some lovely charts to let you know where you (probably) will end up and how much you (probably) will make. Hopefully this will calm your career-driven panic attacks and spring season spasms. Or not…

While we would love to present where graduates physically end up, at which companies they each work, and how much they each earn compared with possible indicators such as their majors, gpa’s, number of TNCs attended, etc., the Career Services Center can’t legally release past graduates’ individual information. Instead, let’s consider averages over time:

The following infographic displays the industries in which CMC grads tend to end up. As you can see by flipping through the years, the non-profit/education sector fluctuates greatly, and the leading industries for recent graduates mostly stay the same. But don’t let the prominence of finance and consulting career paths scare you into cursing Robert Day, remember the sample size for this survey is small, both due to the class’s size and the low response rates.

 

CMC Grads: Hiring by Industry | Infographic

 In the Class of 2012, 30 students went into consulting, giving that industry the first place prize for most young CMCers captured. Second place was a tie between the financial services industry and education/non-profit careers, with 20 students each. This provides an interesting contrast with the Class of 2011, for which education/non-profit careers took first place, consulting took second, and science and technology took third. Going even further back, the Class of 2010 had almost the same career breakdown as the Class of 2011, but financial services took the place of science and technology, and the science and technology industry didn’t even rank. One can presume that the seven students who went to Google in 2011 accounted for the “large” spike in the domination by the tech industry. In the Class of 2009, the education/non-profit industry didn’t rank in the top five recruiters out of CMC, setting this class apart from more recent classes significantly, in which finance, accounting, and consulting were the top three recruiters. It seems that this is unique to the Class of 2009, however, since both the class of 2007 and 2008 sent either the most or second most number of students to jobs in education or at non-profits.

Not surprisingly, the swings in industry preferences are mirrored almost directly in the starting salary for CMC graduates. In the above graph, you can see the general upward trend of salaries starting in 2002, with or without taking inflation into account. Even after adjusting for inflation, however, CMC class of 2012 grads make about 25% more on average than their counterparts did 10 years ago.

As if you need any more proof that the financial services, accounting, and consulting industries are more lucrative than working in education or for a non-profit, the median starting salary spiked heavily in 2009. This means that graduates of this year, who were more likely to go into one of the top three industries listed above, benefited monetarily from the lack of students sent to programs like Teach for America, which for at least the past four years has been the leading single organization hiring CMCers. However, the number of students who have gone to Teach for America each year have hovered between eight and twelve, showing that it does not take much to be the “top employer” at CMC.

Although the data appear to show that trends at CMC send graduates to consulting or finance, there remains one aspect of the data to be considered. The small margin (as small as one or two hires) by which a single company, or a single industry, can take the lead for recruiting CMCers speaks to the dispersion of our graduates through various industries. Though a few industries do remain “on top”, there are options for everyone, and CMCers to be found in every realm of the working world.

Nate and Katya, the Forum's math majors, are here to save the day with oversimplified charts, eye-catching tables, and statistics for you, the people. Because as you probably know, statistics are correct 94.7% of the time.

  1. just wondering February 28, 2013 at 11:26 am -

    where did you get your numbers? I know, as a senior, I was not surveyed. JW.

    • Nate February 28, 2013 at 11:47 am -

      Thank you for your comment. We used data from the CMC Career Services Office.

      According to their 2012 report: “Information from 90% (289 students out of 320) of the graduating class [of 2012] is included in this report, which includes Fall 2011, Spring 2012 and Summer 2012 graduates. This data is self reported by the student using a survey sent out during the months of April, May and June. Individualized follow up is done when answers are incomplete or unclear. We follow up with graduates multiple times through June 15.”

      I am not sure which year you graduated, but the methodology remains similar over the years although the response rate varies.

    • former staff February 28, 2013 at 5:27 pm -

      seniors are surveyed during rehearsal the morning of graduation. if you remember having directions barked at you from a bullhorn while hungover from no regrets, it was then.

  2. Alum February 28, 2013 at 1:37 pm -

    Worth noting that very few of the people who go into consulting from CMC stay in consulting for more than 2-3 years. Similar (but less) truth with banking.

  3. alum February 28, 2013 at 5:07 pm -

    hmm, what about the few cmc grads who go into grad school right after?????