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The H1 2024 Benchmarking Report for University Recruiting was created from a survey of 63 companies. The survey focused on the following:
- University Recruiting Programs
- Program Experience
- Hiring Outcomes
- Compensation & Benefits
- On-Campus Recruiting (OCR)
- Platforms & Tools
- Diversity, Equity & Inclusion
- Recruiting Globally
- University Recruiting Teams
Key Takeaways
- Among companies that hire Software Engineering new grads, 64% have new grads making up just 1-10% of their entire Engineering organization and only 23% have set a specific target percentage for hiring new graduates within their Engineering organization.
- The majority of our respondents indicate that the headcount for Software Engineering interns and new grads in 2024 has remained consistent with 2023 levels.
- Similarly, most respondents report that the intern conversion rates for both Software Engineering and non-Software Engineering roles in 2024 have remained unchanged from 2023.
- Among companies that hire Software Engineering interns, 89% reported reneges in 2024. This represents a significant increase of 21% compared to 2023, when 68% of companies reported reneges among their Software Engineering intern hires.
- The top reason cited for Software Engineering intern and new grad reneges was “Accepted Another Offer – due to Compensation,” while for non-Software Engineering roles, the leading reason was “Accepted Another Offer – due to Location.”
- There was a slight increase in intern offers rescinded compared to 2023, however a decrease in new grad offers rescinded.
- Among companies that hire interns and new grads globally, India remains the top-ranked country for these hires.
