A new survey from American Society of Employers (ASE) named Lawrence Technological University in the top five universities where Michigan companies recruit new graduates.
The “2020 Starting Salaries for Co-op Students and Recent College Graduates Survey” was released Wednesday by the ASE, a Livonia-based nonprofit that provides HR services to businesses.
The survey of 121 businesses, 80 percent of which are in the Detroit area, listed Lawrence Tech in the top five of campuses recruited, along four much larger state-supported schools.
The ASE survey found the top three most popular technical bachelor’s degree disciplines hired in the past year were Mechanical Engineering, electrical engineering, and computer science. The top three non-technical disciplines hired in the past year were supply chain management, business administration, and finance, which tied with human resources and labor relations.
Topping the pay list for those disciplines was computer science, at $71,581 a year for recent graduates, followed by electrical engineering, $70,236, Mechanical Engineering, $67,600, business administration, $65,597, supply chain management, $63,589, HR and labor relations, $59,975, and finance, $59,142.
In the survey, 77 percent of respondents said their company has hired, or plans to hire, a recent college graduate in 2020, three percentage points higher than in 2019.
Most survey respondents were small businesses, with 76 percent having less than 500 employees, and 59 percent were classified as automotive suppliers
The top three knowledge factors and skills that organizations consider when making hiring decisions, in order, are coursework related to the work required on the job; computer skills; and internship or work experience.
The citation in the ASE survey is one of many accolades from neutral third parties attesting to the value of a Lawrence Tech education. LTU is ranked by U.S. News & World Report 2020 Best College Guide in the top quarter of Midwest Regional Universities, and is cited by U.S. News as a Best Value School and a Top Performer on Social Mobility, which measures a university’s performance in enrolling and graduating large populations of disadvantaged students. LTU is also ranked as a Military Friendly School, as a Best in the Midwest university by the Princeton Review, and among America’s Top Colleges by Forbes magazine. The compensation software and data company PayScale also ranks LTU in the top 11 percent for the salaries of its alumni. Also, a 2017 study from economists at Harvard University, Stanford University, the London School of Economics, MIT and the U.S. Treasury found that LTU alumni received more patents than any four-year university in the tri-county Detroit area during the study period.
ASE is a non-profit membership organization offering HR professionals member benefits and discounted services spanning recruitment, engagement, development, and retention, while minimizing compliance risk. More at www.aseonline.org.