93% of Top-Tier Executives Learn From College Grads; Yet, 53% of Companies Not Hiring Grads

Posted June 06, 2013 by
Group of college graduates with their degrees, certificates, or diplomas

Group of college graduates with their degrees, certificates, or diplomas. Photo courtesy of Shutterstock.

While a majority of company executives say they learn from college graduates, companies don’t appear to be showing much love when it comes to hiring this group of job seekers.

n an April survey, 93% of top-tier executives at global companies said they learn from college graduates.  Executive talent management firm, Korn/Ferry, International (NYSE:KFY) conducted the survey from April 18-25, 2013.  Further, 80% of respondents said college students teach executives all of the following: social marketing, how to connect with 20-somethings, and how to improve tech skills.

Yet, 53% of executives said their companies are not hiring college graduates in 2013.  Of the companies hiring college graduate, 30% are increasing hires for 2013; 70% are reducing hiring levels or keeping them the same.

Of note, 43% of companies have C-level executives that were first hired at the company as a college graduate.

Survey results are as follows:

Q: Do you think that senior level managers learn from new college graduates hired?

Yes – they learn about social marketing                                              3%
Yes – they learn how to connect with the 20 something demographic       6%
Yes – they improve their skills in technology – especially mobile               3%
Yes – all of the above                                                                         80%
No – they learn very little                                                                     7%
(total yes, 93%)

Q: Are you hiring college graduates starting in summer/fall 2013?

Yes                                             47%
No                                              53%

Q: Compared to 2012, are you hiring more/less/the same number of college graduates this year?

More                                            30%
Less                                            36%
The same                                        34%

Q: Do you have C-level executives at your company that were first hired there as a college graduate?

Yes                                                    43%
No                                                     57%

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