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Peter D HART RESEARCH A S SOC I A T ES How Should Colleges Prepare Students To Succeed In Today’s Global Economy? Key findings from survey among 305 business leaders and 510 recent college graduates conducted November 2 – December 5, 2006 for Methodology Employers: 305 executives at companies that have at least 25 employees, who report that 25% or more of their new hires hold at least a bachelor’s degree from a four-year college, conducted November 2 – December 5, 2006, margin of error = ±5.7 percentage points Recent College Graduates: 510 people who graduated from a four-year college between 1997 and 2001, conducted November 13 – 19, 2006, margin of error = ±4.4 percentage points Employers On Importance Of College Education To Business And The Country % of employers who say colleges play a very important role Ensuring U.S. ability to compete in the global economy Ensuring my company’s ability to compete successfully Ensuring U.S. companies’ ability to develop innovative new products and services * 76% believe innovation is a very important factor in the growth and strength of the U.S. economy. 73% 70% 70% Employers Express Concern About Skill Level Of College Graduates of employers agree that “too many recent college graduates do not have the skills to be successful in today’s global economy.” 63% Room For Improvement In College Graduates’ Preparedness How well has college education prepared recent graduates in each area? Employers Recent Graduates Extremely/very well Getting good entry level job Somewhat/less well Success in entry level job 49% 50% 55% 44% Long-term career success Advancement in my company 46% 53% Broad skills/knowledge to change career 44% 55% Success in changing global economy 39% 59% 49% 49% Contribute to company’s innovations 48% 50% Balance of Broad Knowledge And Specific Skills Preferred Which of the following should be the main objective for our nation’s colleges and universities? Focusing primarily on providing well-rounded education Employers 11% Recent graduates 10% Focusing primarily on providing knowledge and skills in a specific field 22% 13% Focusing on providing a balance of both 56% 72% Depends/not sure 11% 5% Half Of Employed Recent Grads Expect To Always Work In Current Field Employed Recent Graduates (80% of all recent grads) Expect I will change to another field at some point in my career 35% Expect my job/career will always be in the field in which I currently work 51% 14% Not sure Three in four graduates who expect to remain in their current field (75%), as well as their colleagues who expect to change fields (73%), think a college education should provide a balance of a well-rounded education with knowledge/skills in a specific field. Employers: Top Priorities For Increased Emphasis By Colleges % saying colleges should put more emphasis on each learning outcome Science and technology developments Teamwork skills in diverse settings 82% 76% Applied knowledge in real-world settings 73% Written/oral communication 73% Critical/analytical thinking 73% Global issues 72% Information literacy 70% Creativity/innovation 70% Employers: Other Areas In Need Of More Emphasis By Colleges % saying colleges should put more emphasis on each learning outcome Complex problem solving 64% U.S. role in the world 60% Quantitative literacy 60% Ethics and integrity 56% Cultural values/traditions Civic engagement Foreign language skill Democracy/government 53% 48% 46% 42% Recent Graduates: Top Priorities For Increased Emphasis By Colleges % saying colleges should put more emphasis on each learning outcome Applied knowledge in real-world settings Science and technology developments 67% 59% Global issues 56% Critical/analytical thinking 55% Written/oral communication 55% Creativity/innovation 54% Ethics and integrity 52% Foreign language skill 51% Recent Graduates: Other Areas In Need Of More Emphasis By Colleges % saying colleges should put more emphasis on each learning outcome Complex problem solving 49% Information literacy 48% Teamwork skills in diverse settings 47% Cultural values/traditions 46% Civic engagement 46% Democracy/government 39% U.S. role in the world 38% Quantitative literacy 34% Most Important Skills Employers Look For In New Hires Which TWO skills/abilities are most important to you? Recent graduates* Employers Teamwork skills Critical thinking/ reasoning Oral/written communication Ability to assemble/ organize information Innovative/thinking creatively Able to work with numbers/statistics Foreign language proficiency 44% 33% 30% 21% 20% 9% 3% * Which two skills/abilities are most important to employers? 38% 37% 37% 10% 21% 4% 6% Real-World Application Of Knowledge And Skills Is Seen As Critical Employers: “They [students] learn the book knowledge: it’s all theory; it’s not actual practice, and I do believe we need more practice.” Atlanta business executive “I think internships do an amazing job in terms of educating people versus your day-to-day everyday sitting in a class learning from a book.” Fairfax business executive Recent graduates: 60% of graduates engaged in an internship. 88% rate it as very (56%) or fairly (32%) important in preparing them for their professional and career goals. 51% of graduates engaged in leadership of an oncampus student organization. 79% rate it as very (42%) or fairly (37%) important in preparing them for their professional and career goals. Educational Approach Assessment How important is it for today’s colleges and universities to provide the type of education described below? This particular approach to a fourEmployers year college education provides both broad knowledge in a variety of areas of study and more in-depth knowledge in a specific major or Less/not Not field of interest. It also helps important sure 1% students develop a sense of social 4% responsibility, as well as intellectual and practical skills that span all areas of study, such as Fairly communication, analytical, and problem-solving skills, and a important 26% demonstrated ability to apply knowledge and skills in real-world settings. Very important 69% * 76% of employers would recommend this type of education to a young person they know. Educational Approach Assessment How important is it for today’s colleges and universities to provide the type of education described below? This particular approach to a fourRecent year college education provides both broad knowledge in a variety of areas of study and more in-depth knowledge in a specific major or Less/not Not field of interest. It also helps important sure 1% students develop a sense of social 5% responsibility, as well as intellectual and practical skills that span all areas of study, such as Fairly communication, analytical, and problem-solving skills, and a important demonstrated ability to apply 31% knowledge and skills in real-world settings. Graduates Very important 63%