| | When choosing their first employer, college business students want career opportunities, not salary and benefits, according to a survey conducted by KPMG LLP, the audit, tax and advisory firm.
In the KPMG survey of 2,409 business students from colleges across the country, 57% said that career opportunities would be their primary consideration when choosing an employer, followed by 22% who said work/life balance. Only 12% felt that the salary and benefits package would be their primary consideration.
And while many (53%) respondents only expect to stay at their first job for three to five years, the survey found that students largely have a 'wait and see' attitude. An overwhelming number | |
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| | accepting an offer, new recruits look at the career value proposition and employers must offer a rewarding career path to retain them."
The KPMG survey results show that an international rotation may be important to retention efforts. Nearly half (47%) of college students surveyed indicated that they would like to work abroad for an extended period, while another 40% said they would consider it. And 61% stated that they believe international work experience is important in the business world.
"Many students study abroad and appreciate employers that provide opportunities to explore global assignments," said KPMG's Fernandez. "Firms that place an emphasis on developing people by offering | |
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| | global opportunities will be at the forefront of attracting the best and the brightest, since students realize that this experience is imperative in a global marketplace."
The KPMG survey, which was conducted online in September and October, also found students to be confident about their futures. In fact, 65% of respondents believe they will be more financially successful than their parents. But as to whether they will consult their parents about their first jobs, the responses were mixed. Just under 40% of respondents said that they will consult with them somewhat, 17% said they will spend significant time with them, and 28% said they will "possibly" consult with them. Only 16% said | |
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| | that they would probably accept a job and then tell their parents where they will be working.
Other survey findings:
● 48% of college students said they would like to retire between ages 51-60, with 27% preferring to work until 61-70.
● 44% said they expect to work on average 50 hour working weeks, while 32% expected 45 hours a week.
● 66% are concerned about the social networking opportunities at their full-time employer.
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