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Students Seek Career Development, Personal Growth and a Balanced Lifestyle According to PricewaterhouseCoopers Global Survey.


NEW YORK--(BUSINESS WIRE)--June 2, 1999--

Graduating business students around the world are seeking career development and personal growth while expecting to balance work and life responsibilities according to PricewaterhouseCoopers' second International Student Survey. Students rate career development (56 percent) and personal growth (55 percent) as their first and second life priorities with attaining a balance between work and personal life as their most important career goal.

Though 57 percent of the respondents state that balancing work and personal life is their primary career goal (up from 45 percent two years ago), they don't believe that this desire competes with their long-term career development and personal growth goals. The question is not whether personal development is more important than career, but rather how these goals can be achieved in tandem.

"The corporate world today is a demanding one and the students' concern is a reflection of the juggling act that employees all over the world have to perform to meet their work and personal obligations as they build their careers," said William O'Brien, global leader of human capital at PricewaterhouseCoopers.

The International Student Survey examined student views on future career goals, life priorities, international careers and desirable characteristics in first employers. Universum International conducted the survey of more than 2,500 students from 36 of the world's leading universities across 5 continents in 11 countries for PricewaterhouseCoopers. The findings of the first such survey were released in April 1997. PricewaterhouseCoopers intends to conduct the survey on a regular basis.

A key factor that respondents believe would facilitate a balance between personal life and career is a working schedule that allows them to see their family and friends on a predictable basis.

"Increasingly, both employers and employees realize that work is one part of life and that work and personal life cannot be treated as separate entities," added Mr. O'Brien. "Which is why we believe in working together with our people to provide choices that will enable them to have fulfilling professional and personal lives not only because it is the right thing to do, but because it is a business imperative."

While students all over the world make balancing work and personal life their top career priority, they are willing to work hard for it. The survey found that on average respondents expect to work at least 47 hours a week at their first jobs.

In addition to balancing career and personal life, 42 percent of the students rate a company's reputation for offering a good future career reference as "crucial" when choosing their first employer and they anticipate making an average time commitment of four and a half years to that employer. The factors that most frequently would motivate the respondents to extend their anticipated time commitment to their first employers include a higher salary, ability to balance work and life and rapid promotion.

International Experience

The survey findings indicate that approximately a quarter of the students have studied in a foreign country and slightly less than a fifth have worked abroad. Most consider themselves to be proficient in two foreign languages. More than 70 percent of respondents surveyed are interested in an international career and 81 percent in working and living abroad for at least one year.

"As 'globality' becomes a business imperative for the coming millennium, it is encouraging to see future business leaders keen on expanding their horizons. At PricewaterhouseCoopers we believe in providing our people, members of the world's first truly global generation, with an opportunity to live and travel abroad so that they are equipped to not only service our clients efficiently but have fulfilling professional careers," said Mr. O'Brien.

The students who express an interest in an international career most often associate this type of career with frequent international travel, adapting to foreign cultures and business practices and project-based work abroad.

PricewaterhouseCoopers (www.pwcglobal.com) is the world's leading professional services organization. Drawing on the knowledge and skills of 155,000 people in 150 countries, we help our clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance.

PricewaterhouseCoopers refers to the US firm of PricewaterhouseCoopers LLP and other members of the worldwide PricewaterhouseCoopers organization.

Note to Editors: The name PricewaterhouseCoopers is one word, with upper case P, upper case C, and all other letters in lower case.

Universum is one of the world's leading providers of information about graduates and students, including their opinions on work and education and their priorities in life. We assist our clients in understanding what motivates today's students and graduates around the world. Our mission is to help companies to increase their profitability by attracting, recruiting, and retaining top talent.

Sample

The second International Student Survey targeted undergraduate students in their final year of study with several different majors: Auditing/Accounting/Taxation, Business Administration, Management, Finance, International Business, Marketing, Economics and Mathematics. The survey respondents comprise of more than 2500 students from 36 leading universities across 5 continents in 11 countries. A detailed list follows:

Australia The Queensland University of Technology The University of Melbourne
  • AsiaWeek is now discontinued.
Comments:

In 2006, Times Higher Education Supplement ranked the University of Melbourne 22nd in the world. Because of the drop in ranking, University of Melbourne is currently behind four Asian universities - Beijing University,
 The University of Sydney The University of Sydney, established in Sydney in 1850, is the oldest university in Australia. It is a member of Australia's "Group of Eight" Australian universities that are highly ranked in terms of their research performance.  

Brazil Fundacao Getulio Vargas Universidade de Sao Paulo Universidade Federal do Rio de Janeiro The Federal University of Rio de Janeiro (Portuguese: Universidade Federal do Rio de Janeiro, UFRJ) is the largest federal university of Brazil, where state-owned universities are the best and most qualified institutions.  

Canada Queen's University The University of British Columbia Locations
Vancouver
The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7.
 University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells,  

France ESCP, Paris School of Management GROUPE ESSEC School of Management HEC School of Management
For other schools named Hautes Études Commerciales, see Hautes Études Commerciales.
The HEC School of Management or École des Hautes Études Commerciales, is a business school, and one of the most prestigious French Grandes Écoles.
 

Germany Johann Wolfgang Goethe-University University of Cologne The University of Cologne (German Universität zu Köln) is one of the oldest universities in Europe and, with over 44,000 students, the largest university in Germany.  Westfalische Wilhelms-Universitat Munster

Japan Hitotsubashi University Keio University The University of Tokyo “Todai” redirects here. For the restaurant called Todai, see Todai (restaurant).

The University of Tokyo (東京大学
 Waseda University

South Africa The Rand Afrikaans University Rand Afrikaans University (RAU) was founded as an Afrikaans language university in 1967 with just over 700 registered students. The campus is situated in Auckland Park, Johannesburg, South Africa. Today, approximately 22 000 students are registered.  The University of Witwatersrand University of Cape Town Coordinates:
“UCT” redirects here. For other uses, see UCT (disambiguation).
 

South Korea Korea University Seoul National University Not to be confused with the University of Seoul.
Seoul National University (SNU) is a national research university in Seoul, South Korea. Founded in 1946, SNU was the first national university in South Korea, and served as a model for the many national and public
 Yonsei University

The Netherlands Erasmus University Rotterdam Rijksuniversiteit Groningen The Vrije Universiteit Amsterdam

United Kingdom The London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden  The University of Manchester The University of Manchester is a university located in Manchester, England. With over 40,000 students studying 500 academic programmes, more than 10,000 staff and an annual income of nearly £600 million it is the largest single-site University in the United Kingdom and receives  University of Oxford

United States Boston College University of Illinois at Urbana-Champaign Early years: 1867-1880
The Morrill Act of 1862 granted each state in the United States a portion of land on which to establish a major public state university, one which could teach agriculture, mechanic arts, and military training, "without excluding other scientific
 University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission  The University of Texas at Austin “University of Texas” redirects here. For other system schools, see University of Texas System.
The University of Texas at Austin (often referred to as The University of Texas, UT Austin, UT, or Texas
 The Wharton School, University of Pennsylvania
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Date:Jun 2, 1999
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