Further Confirmation That Education Pays For Logistics & Supply
Chain Professionals
With
so much growth in academic programs, and industry sponsors lining up to invest
in universities' supply chain centers, the sense is that supply chain has
finally "arrived" as a profession.By Patrick Burnson
August 12, 2014
As we discover every year with our Logistics Management
Salary Survey, education pays.
Further evidence of this has just
emerged in a new report.
Forty institutions participated in
the third edition of theGartner report on U.S.
university undergraduate supply chain programs.
Intended to support chief supply chain officers (CSCOs), heads
of supply chain strategy and supply chain HR partners in building a strong
portfolio of university recruiting and internship partners, Gartner’s supply
chain university research is back for its third iteration.
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.
There are four impressive areas of growth, three of which should
be welcome news to industry:
·
The broadening of supply chain curricula to reflect the reality
of today’s supply chain organizations.
·
The exposure of more students to internships and co-ops, and
more applied project work - often for sponsoring companies - in the classroom.
·
Dramatic increases in enrollment across the board, and new
supply chain degree programs being established.
The fourth area of growth, while perhaps not so welcome for the
hiring companies, is great news for supply chain professionals as a community:
salaries are up roughly 10% over 2011.
Top students from top programs can command a 50% premium over
the average and, in many programs, new supply chain graduates handily outearn
finance and accounting majors.
Forty institutions participated in the third edition of our
report on U.S. university undergraduate supply chain programs. Here we identify
program strengths and gaps as well as overall progress made in the past three
years.
Supply Chain Talent Attribute Model
With the Talent Attribute Model as the capabilities framework for the ideal supply chain, we test university curricula for the completeness of their offerings against the 12 stations. Effectively, we are testing for curriculum alignment with the functional integration of a modern supply chain. It continues to be relevant, as our latest surveys continue to show the expansion of the supply chain organization (see “Survey Analysis: Chief Supply Chain Officers Conquer Organizational and Capability Challenges to Grow”) as well as a desire by industry for recruits who can grasp bigpicture, integrated supply chain concepts.
With the Talent Attribute Model as the capabilities framework for the ideal supply chain, we test university curricula for the completeness of their offerings against the 12 stations. Effectively, we are testing for curriculum alignment with the functional integration of a modern supply chain. It continues to be relevant, as our latest surveys continue to show the expansion of the supply chain organization (see “Survey Analysis: Chief Supply Chain Officers Conquer Organizational and Capability Challenges to Grow”) as well as a desire by industry for recruits who can grasp bigpicture, integrated supply chain concepts.
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% to
100% 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 onramps 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% 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 2014
Undergraduate Supply Chain Program Ranking
25. Rider University
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