Further evidence that education pays for logistics managers
Many graduates are accepting higher starting salaries than finance and accounting majors.
in the NewsState of Logistics 2016: Pursue mutual benefit New legislation calls for key changes to be made to NAFTA DAT says spot market activity dips in January from December while posting annual gains AAR reports U.S. carload and intermodal gains for week ending February 11 Ports in South Carolina post record numbers in container throughput More News
As we discover every year with our Salary Survey, education pays. Further evidence of this has just emerged in a new report.
Among key findings:
• University supply chain programs’ relevance to modern supply chain organizations has improved markedly through a combination of applied course work and more frequent and applied work experience.
• A combination of program scope, internship and co-op participation, and perceived value by industry differentiates a school’s position relative to other programs.
Supply chain undergraduate placement rates are between 85 percent to 100 percent and, in many cases, graduates are accepting higher starting salaries than finance and accounting majors.
Gartner’s recommendations to employers include:
• Work with a select set of university partners to build programs that start with internships and naturally develop into entry-level on-ramps to secure strong talent that’s also a good fit for your supply chain organization.
• Target recruiting activities for the fall semester, rather than spring, or risk the near 100 percent placement rates shutting you out of that year’s candidate pool.
• Prepare to pay a premium for top talent. The average starting salary for undergraduates is $53,584, and top students are commanding premiums $25,000 or more beyond this.
Gartner’s supply chain university research is intended to support chief supply chain officers, heads of supply chain strategy and supply chain HR partners in building a strong portfolio of university recruiting and internship partners. U.S. undergraduate supply chain programs have made impressive progress since we formally began this research in 2008, efforts which have helped grow and improve the supply of supply chain talent.
Rounding out the top-ranked listing of schools are:
Auburn, Arizona State, Rutgers, Wisconsin, South Carolina, TCU, Oklahoma, Georgia Tech, Miami (Ohio), Texas A&M, North Carolina State University, Rider University and Kansas.
About the AuthorPatrick Burnson, Executive Editor Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at firstname.lastname@example.org.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Carrier Consolidation Keeps Shippers Guessing Getting Value from the Cloud View More From this Issue