6th “continental student survey” 2009€¦ · studentenumfrage 2009 kernaussagen fin en author:...

6th “Continental Student Survey” 2009

Select Key ResultsFinancial Crisis and Recession, Economic Systems, Ethics

2 / September 4th 2009 / 6th "Continental Student Survey" 2009 © Continental AG

Overview

Focus

Survey Basics

Central Statements

Key Results


Overview

Focus

Survey Basics

Central Statements

Key Results


Focus of the Current Survey

Having continuously conducted representative opinion surveys among German graduates since

2003, we are able to point up tendencies and developments in the graduates's set of beliefs.

The current study focused on the following:

Career opportunities and competitiveness

Financial crisis and recession

Economic systems

Ethics


Overview

Focus

Survey Basics

Central Statements

Key Results


Survey Basics

At the request of Continental, TNS/Infratest Bielefeld surveyed

1,004 students, 516 of them female and 488 male, in January 2009

1,001 students, 510 of them female and 491 male, in June/July 2009


Survey Basics

Those interviewed

in January 2009

258 in engineering

484 in the natural sciences

350 in economics/business

in June/July 2009

263 in engineering

444 in the natural sciences

376 in economics/business


Overview

Focus

Survey Basics

Central Statements

Key Results


Central Statements from the Study

The state has done “more than was needed” to combat the crisis

In June/July around 42% of the students in Germany were of this opinion. In January 2009 just

under 24% were of this opinion.

Whereas in June/July 2009 one out of every four students felt that the government had acted

"completely correctly", in January 2009 close to a third still thought so.

Only a negligible minority rated the government's action as ”too little”.


Central Statements from the Study

At the same time, about half of the university graduates polled call for the public sector to get more

involved in key industries.

The majority of the students favor a redefining of market rules.

The prolonged recession does not cloud over the respondants‘ outlook as regards career chances.

Despite the serious recession, academics continue to assess their own career prospects as

generally “good” or “very good”.


Overview

Focus

Survey Basics

Central Statements

Key Results


2004 2006 2007 2008 2009

Career Prospects

How would you describe your own future career prospects?

1 percentage point

10.8 percentage

points

top 2 Agreement

"very confident" /

"fairly confident"

2006 2007 2008 20092004

63.267.8

72.9 75 74


no

yes

Negative Impact of Financial Crisison Start of Professional Career

Because of the global financial crisis,

politicians and financial experts are

predicting a serious recession worldwide.

Do you fear this will have a negative

impact on your career start?

The aspect most commonly cited to back

up a negative assessment: "Difficulties in

landing the preferred job (February 5.3%

/ July 21.2%)

Feb 09 Jul 09

50

50

52

48


2006 2007 2008 2009

Personal Competitiveness for Attractive Jobs in International Comparison

On the whole, how high do you rate your own personal competitiveness -- viewed in international

comparison -- in landing an attractive job?

1.3 percentage

points

top 2 Agreement

“very good” / “good”

57.5

52.755.1

56.8

2006 2007 2008 2009


Redefinition of Market Rules in Course of Globalization

The prolonged worldwide recession and

financial crisis have made the social

market economy a much discussed

subject.

Do you think that market rules have to be

redefined or reinvented in the course of

globalization?

yes

no

Feb 09 Jul 09

52.2

47.8 47.9

52.1


New Market Rules Required

What redefined or new market rules do you

feel the social market economy needs?

Note down all market rules that occur to you.

Feb 09 Jul 09

10.4

don’t know/no answer

more state regulation /

checks

limitations / prohibitions

of (highly) speculative /

risky financial products

11.5

16.318.7

27.7 28.5


Position on Public Influence over Key Industries

In the course of the financial crisis, demands

have been raised for more state influence over

key industries like banks, utilities and the

transport sector.

What is your basis position on this?

those in economics and business

natural science grads

the state should have a greater stake in key

industries and thus ensure itself more

influence over them.

the state should should not get involved in

business.

Feb 09 Jul 09

51.7

31.4

38.2

46


Assessment of State Action as Regards Support and Guarantees

Feb 09 Jul 09

don‘t know

was too reluctant

did just what was required

did more than needed

In the course of the financial crisis and the

looming recesssion, the scope of state help

and guarantees -- especially for banks and

the auto sector -- has also been under

discussion.

How do you feel the German government

has acted so far?27.3

23.7

30.2

21.4

41.7

25.1

18

10.4


Position on Manager Salaries

In the course of the financial crisis, the salaries

of managers have also been under discussion.

What is your take on this topic?

determining how much a manager earns

is up to companies concerned.

manager salaries should be limited

by law.

Feb 09 Jul 09

54.1

41.5

48.7

48.2


Level Manager Salaries

You favor a statutory limit on manager

salaries.

What should be the maximum annual

salary limit for managers?

natural science students

economics/business students

engineering students

average

Feb 09 Jul 09

543,000520,000

751,000754,000

712,000

561,000


dishonesty of actors

obfuscation of actual circumstances

wrong incentives (e.g. high bonuses for

high-risk financial products)

Position on "Wrongdoing of the Elites"

61.8

54.8

48.6

60.6

62.7

61.3

58.8

55.6

59.6

55.9

Feb 09

Jul 09

insufficient liability on the part of

those responsible

excessive willingness to take risks without

having to be accountable

In your view, what is meant when the

misdeeds perpetrated by elites is brought up

in connection with the financial crisis?

Note down everything that comes to mind.


rules for interpersonal relations

general standards

sense of right an wrong

correct behavior and/or action on the part of humans

moral

Associations with Term “Ethics”

What do you understand under the term "ethics"?

12.7

33.5

12.112.5

45.3


just compensation /

the same pay for the same work

sustainability / sustainable management /

eco-friendly production and action

Associations with Term “Ethics in Business“

What do you understand under the term "ethics in business"?

sense of responsibility

in general

fair treatment of employees / suppliers / customers

a corporation's goal cannot merely be one of maximizing profits

13.714.8

10.611.3

21.3


Thank you very much for your attention!

6th “continental student survey” 2009€¦ · studentenumfrage 2009 kernaussagen fin en author:...

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