By Andy Hirsch
LEWISBURG, Pa. — While the struggling economy continues to keep unemployment rates above 8 percent, and new national statistics show more than half of bachelor-degree holders under the age of 25 are struggling to find adequate work, Bucknell University alumni are finding their investment in a Bucknell education is paying off.
A new report shows 71 percent of Bucknell's Class of 2011 were employed within nine months, far above the national average and a significant increase from 2010.
The full results are available in The Postgraduate Report of Activity for the Class of 2011.
"That jump indicates that we are seeing some positive movement within the job market," said Pamela Keiser, executive director of Career Services at Bucknell. "It also shows Bucknellians are successfully connecting with employers. In a job market that is highly competitive, applicants must stand out. Clearly Bucknellians set themselves apart from the rest of the field."
According to the report, an additional 18 percent of Bucknell's Class of 2011 enrolled in graduate or professional school, 3 percent were both employed and enrolled in graduate or professional school part-time and 5 percent indicated they were taking time to volunteer, travel or both.
Only 3 percent of 2011 graduates were still job searching, half the number of 2010 graduates that were still looking for work nine months after commencement.
"It's credible evidence of the continued value of a Bucknell education within the marketplace," Keiser said.
The Class of 2011 continued the strong earnings trend among recent Bucknell graduates. The mean salary for a graduate from the College of Engineering was $56,882, those holding a Bachelor of Science in Business Administration averaged a salary of $50,726 and graduates from the College of Arts and Sciences earned a mean salary of $42,620.
Nearly 15 percent of 2011 graduates who gained employment found their position through an alumni or faculty connection, the Bucknell University Career Development Center Employer Expo, or an on-campus interview.
The employers with the most accepted offers from 2011 Bucknell graduates include: PricewaterhouseCoopers; Deloitte Consulting; Teach for America; Bucknell University; United States Navy; Goldman Sachs; United States Army; High Performance Technologies, Inc.; Whiting-Turner Contracting Company; Air Products and Chemicals; Johnson & Johnson; Accenture; Vanguard Group; Epic Systems; Ernst & Young; and General Electric.
Each year the Career Development Center conducts a post-graduate survey. The Class of 2011 provided a strong 97 percent response rate. Results from 812 out of 838 individuals were collected and recorded to compile the data referenced above.
Contact: Division of Communications