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With an election focused on jobs and the economy, Vault.com asked more than 1,500 students and professionals to share their thoughts on how Donald Trump’s presidency will impact their careers and hiring, and how his policies will affect the economy over the next four years.
Here are the results:
1. “Which candidate did you vote for in the Presidential election?”
Of those surveyed, 59% said they voted for Hillary Clinton; 22% voted for Donald Trump; 7% voted for a Third-party or Write-in candidate; 9% did not vote; and 3% preferred not to share their voting choice.
Breaking down the data by industry revealed even more interesting results. Respondents in the education field overwhelmingly voting for Clinton (71%). Lawyers, health care workers, consultants and tech professionals also tilted heavily toward Clinton, while accountants were nearly as likely to vote for Trump as for Clinton (38% compared to 40%). Bankers were the most likely not to have voted at all.
2. “What effect do you believe the outcome of the election will have on your industry?”
1-5 rating scale: 1 = Extremely negative, 2 = Somewhat negative, 3 = Neither positive nor negative, 4 = Somewhat positive, and 5 = Extremely positive
Effect on Industry
(according to employees)
Effect on Target Industry
(according to interns)
The average results show that both employees and interns seem to see a somewhat more negative impact on industries as a whole due to the election results. The data is more revealing when examining the information based on specific industries.
The following are quotes from survey respondents:
“A trade war with China would severely damage my company's sales and other operations in the PRC [can you spell out the PRC?]. We're heavily dependent on the PRC as a market and a supplier.”
“Our big oil and gas clients were pro-Trump and believe his corporate tax cuts will be beneficial to the industry.”
“Our focus is on M&A and while deal volume may go up, I expect investigations to be shorter and require fewer staff to complete.”
3. “Do you believe the election’s outcome will have any effect on hiring in your industry?
As a whole, a majority of respondents were either unsure of the effect the election would have on hiring or believed it would have zero effect whatsoever, while 31% felt it would lead to a decrease in hiring opportunities.
Broken out by industry, bankers and accountants believe that the election results are more likely to increase job opportunities in their field or to have no effect, while workers in other areas — especially health care and education, but also technology and consulting — believe that hiring will decline. Lawyers are more inclined to withhold judgment.
4. “What effect do you believe the outcome of the election will have on the economy as a whole?”
1-5 rating scale, where 1 = Extremely negative, 2 = Somewhat negative, 3 = Neither positive nor negative, 4 = Somewhat positive, and 5 = Extremely positive
Effect on Economy
Overall, respondents believe that the election will have a somewhat negative effect on the economy. Broken out by industry, only accountants express optimism about the effect of the election on the economy as a whole, while other groups believe the results will be at least somewhat negative. See chart below:
The following are quotes from survey respondents:
“Trump is going to bring jobs back to the US and turn things around for many states that have had industry leave for overseas. Ford keeping its plant in Kentucky and not moving to Mexico as originally planned shows his business influence already. He has the business knowhow to get Americans working again and be the great producers of quality material.”
“Historically, trickle-down economics has not worked. While I agree that regulations need to be reduced, especially for small businesses, I don't have high hopes that the tax cuts proposed are going to do anything other than make the rich richer.”
5. “What effect do you think the new administration will have on each of these issues?”
Survey respondents believes Trump’s policies towards workplace diversity, sustainable development, health benefits, gender equality and trade agreements will have an overwhelmingly negative impact on the workplace and economy. While not as decisive as the aforementioned categories, respondents also felt that the new administration’s policies on wage/salaries and government regulation will have a negative impact. Respondents seemed to have a more positive outlook when it came to Trump’s stance on income taxes and even more so when it came to his views on corporate tax.
Vault is the most comprehensive resource for employer, university and internship program rankings, ratings and insight. Vault’s influential rankings and reviews are sourced from directed surveys of professionals and students, and evaluate companies, schools, and internships in terms of prestige, best place to work, diversity, quality of life, compensation and other categories. Vault provides users with in-depth information on employers, industries, interviews, and available jobs and internships. In addition, Vault partners with employers to help build their brands and assist with recruiting efforts, and with universities to help their students with employment placement and career selection.
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About Matt Krumrie
In addition to writing resumes, Krumrie has published over 2,000 career and job search articles for CollegeRecruiter,