A majority of college graduates entering the job market this summer want to work in a collaborative rather than a competitive workplace, but care most about compensation when applying for jobs after graduation, according to a report released by student loan marketplace LendEDU.
The report’s findings are based on a series of surveys of between 1,808 and 3,776 college students conducted nationwide from July 8, 2016, to June 5, 2017. When asked what type of company culture they prefer, 62% of the respondents said they would rather work in a collaborative environment, while the remaining 38% said they would prefer to work in a competitive atmosphere. Men were more likely than women to say they prefer a competitive environment: 43% of the male respondents, but just 34% of the female respondents, said they would rather work in a competitive than in a collaborative workplace.
Moreover, when asked whether they would rather work for a company with excellent benefits/perks but less job security, or fewer benefits/perks but more job security, 52% of respondents chose the latter option, while the remaining 48% said they would prefer to be employed at a company with more job security and fewer perks. Broken down by gender, 58% of the male respondents, but only 46% of the female respondents, chose benefits/perks over greater job security.
Students were also asked whether they would rather work for a very small startup or a larger, more established company. More than two-thirds (69%) of respondents said they would prefer to work for a larger company than a small startup, with a larger share of the male respondents (35%) than of the female respondents (28%) saying they would rather work for a small startup.
In addition, the college students were asked which aspect of a company they consider most important when deciding where to apply. Not surprisingly, the overwhelming majority of respondents (72%) said whether the employer offers good pay is the most important factor, with much smaller shares saying their main concern is whether the employer has a strong ethical culture (14%) or a good training program (8%).
When asked how much money they expect to make at their first job after college, 36% of respondents said they expect to earn $40k to $60k per year, 26% said they expect to make under $40k annually, 21% said they anticipate earning $60k to $80k per year, while 17% indicated they expect to make over $80k annually.
From Benefit Trends Newsletter, Volume 60, Issue 6
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