topic evaluation of factors affecting the jobs choice decision of economics students after finishing the ojt at fpt university ho chi minh campus

GROUP ASSIGNMENT EVALUATION OF FACTORSLecturer: Nguyễn Thị Thanh NhànTopic: Evaluation of factors affecting the job’s choice decision ofeconomics students after finishing the OJT at FPT

GROUP ASSIGNMENT

EVALUATION OF FACTORS

MKT301 Research

Lecturer: Nguyễn Thị Thanh Nhàn

Topic: Evaluation of factors affecting the job’s choice decision of economics students after finishing the OJT at FPT University, Ho

Chi Minh campus

2.3.1 Article: "Study on factors affecting students decision to choose a job after

2.3.2 Article 2:Factors affecting the decision to choose a job after graduation of

2.3.4 Article 4: Factors Affecting the Career Path Choice of Graduates: A Case of

Table 4.2.1 Statistics on Peer Influencers’s Reliability statistic 23Table 4.2.2 Statistics on Peer Influencers’s Item-Total Statistics 23Table 4.2.3 Statistics on Personal Interests’ Reliability statistics 24Table 4.2.4 Statistics on Personal Interests’ Item-Total Statistics 24Table 4.2.5 Statistics on Financial Benefits’ Reliability statistics 25Table 4.2.6 Statistics on Financial Benefits’ Item-Total Statistics 25Table 4.2.7 Statistics on Job Choice Decision’ Reliability statistics 26Table 4.2.8 Statistics on Job Choice Decision’ Item-Total Statistics 26

Table 4.3.1 KMO and Bartlett’s Test statistics of independent variables 27Table 4.3.2 Total Variance Explained statistics of independent variables 28Table 4.3.3 Rotated Component Matrix statistics of independent variables29

Table 4.3.4 KMO and Bartlett’s Test statistics of dependent variable 30Table 4.3.5 Total Variance Explained statistics of dependent variable 30

The need for quantity and quality of human resources, especially professionals in theeconomic field, has played an important role in the improvement of VietNam’seconomy The purpose of this study is to identify the factors that influence the careerchoices of FPT HCM campus students In fact, peer influencers, personal interests, orsimply financial benefits could also consider that as a fundamental element in thedecision of making a major choice, in their interests it might cause a lot of change in jobchoice which also encourages students to develop their own capacity

CHAPTER 1: INTRODUCTION

1.1 Introduction

Choosing a job is one of the important decisions because a career has a great impact onmany aspects of life including personal, social and professional aspects It isinterdependent with economic security, job and life satisfaction (Jusoh et al., 2011).Many people consider career choice to be one of the most important decisions in astudent's life because this choice will make drastic changes in every student's life

1.2 Theoretical and practical problems

The issue of choosing the work of all students is always concerned and valued byeveryone In the formal training program of FPT University, FPT University spends asemester consisting of 4 months for students to experience working in companies Rightafter the actual internship ended, many students started searching and choosing theirjobs Moreover, many students have found suitable jobs during their internship at thecompany that they previously chose to do the internship Certainly, there are manyfactors that strongly influence a student's decision to choose a career when the OJT termends, we will explore those factors below

1.3 Research objectives

To achieve the goal of this study, we have raised a number of research questions Theaim is to support the research proposal “ What factors influence the decision to choose ajob for economics students after finishing OJT?”

On the basis of measuring the main factors affecting the job selection decision of FPTuniversity students since the end of the OJT term.

1.3.2 Specific objectives

Systematize theoretical issues related to factors affecting career choice decisions ofstudents at Ho Chi Minh campus after finishing OJT And then measuring the actualsituation of factors affecting the job’s choice decision of students and summarizing themain impact of the student's job’s choice after OJT term ends

- How do peer influence factors affect the decision to choose a job?

- How do personal interest factors affect the decision to choose that job?

- How will factors of financial benefit affect the student's job choice?

- What factors are the most important in making business decisions for studentsmajoring in economics?

1.5 Research gaps

This survey was conducted to make a decision on job selection after the end of the OJT

at FPT University Ho Chi Minh campus The survey subjects are FPT universitystudents who are looking for a job In addition, there are challenges and opportunitieswhen looking for jobs in the economic field in Vietnam in recent times and in the future.From there, there will be useful information to help students majoring in economicsmake a decision to choose a job in accordance with their capacity and interests

1.6 Research methodology

Using a quantitative method for this study according to Goddard and Melville (2004).All data is collected directly from students of FPT University, Ho Chi Minh campus,who are majoring in business, economics, and have completed the OJT semester One ofthe most important tools for this research is surveys This survey was conducted bystudents who completed the OJT in economics and business The survey was conductedmainly through sending gmail to the students

Chapter 2: Literature Review

This chapter is the most important part of the entire research paper because this chapterevaluates the research methods, presents the theoretical and practical basis of theresearch for the topic during the research process and the hypotheses study

Chapter 3: Research methodology

This chapter will present the procedures for analyzing the research data to be performed.Specifically, research methods and research model testing results for supplementing andediting theoretical research models and research hypotheses will be presented.Chapter 4: Findings

This chapter covers the data processing procedures through which the research is carriedout Specifically, the research methods used and the discussion of the research results

This chapter is discussed in detail, summarizes the research results, and proposes asolution drawn from the research results In addition, there is a comparison betweenthese studies with other previous studies by many different scholars.

Chapter 6: Limitations, Recommendations & Conclusions

This chapter includes a discussion of the limitations of doing this study Therefore,further recommendations will be better studied than the current one Furthermore, thischapter will summarize the main parts of the study

1.8 Conclusion

Research has shown that in addition to the quality of students such as knowledge, skillsand attitudes, there are other factors that affect the ability to find a job after taking OJT.These factors can include previous work experience, or also external factors such associo-economic situation, labor market situation These factors can affect students' jobopportunities and job choices after the end of the OJT Therefore, surveying these factorscan provide useful and insightful information to help students grasp job searchopportunities

CHAPTER 2: LITERATURE REVIEW

2.1 Introduction

This chapter overview will give definitions of dependent variables including personalinterests, financial benefits, and peer influences These are the 3 variables that will beimplemented in the following sections

2.2 Definitions

This section provides definitions of key concepts with the following 3 sections:

Personal interests refers to regular hobbies or habitual activities that can put the humanmind at ease, happy , joyful and encouraging (Liaw et al., 2017) Individuals choose thework environment that best suits their personality and interests, according to the idea of

a career type (Holland, 1966) Personal interests are formed in the process ofcommunicating with friends, and the educational environment At work, when we have astrong passion, it will make us reach our full potential and achieve success more easily.Pablo-Lerchundi et al (2015) indicated that interests are the main factor influencingstudents' career choice in engineering In addition, Gokuladas (2010) argues thatstudents from urban areas are more likely to prioritize their personal interests over socialgoals when making career decisions According to Atitsogbe et al (2018), personalpreferences have a greater influence on Swiss students

2.2.2 Financial benefits

Financial benefit refers to the salary and bonus that a person receives for adding value tothe company (Fizer, 2013) The amount that a company pays its employees every month

or year is called salary Employers provide a regular payment to an employee, known as

an annual payment Bonuses are another addition to an employee's base salary or hourlycompensation

Financial compensation, known as financial benefits, has been shown to be the mostinfluential extrinsic factor in career choice decisions (Akosah-Twumasi et al., 2018).Morever, Wust and Simic (2017) indicate that a high income is the most decisive factorfor German students to choose a job

2.2.3 Peer influences

Peer influences refer to activities such as sharing, advising, counseling, communicating,and learning from peers (Gokuladas, 2010) In addition, the influence of friends can also

be the feelings that friends bring to the participants For example, an individual decides

to take a job because their friends recommend that they work at this place because itpays well

As social agents, they influence their type through social comparison and approval(Yamashita et al., 1999; Bojuwoye and Mbanjwa, 2006; Gokuladas, 2010) According to

another definition, Hashim and Embong (2015) suggest that students' peer group is thestrongest source of influence regarding career choice.

2.3 Empirical studies

This empirical analysis attempts to discuss various studies on the factors that influencethe job’s choices of students These studies will be classified into empirical analysis inthe world, empirical analysis in University of trade, University of Industry,

2.3.1 Article: "Study on factors affecting students decision to choose a job aftergraduation of economics students in HCM"

The study aims to evaluate the factors affecting the employment decision of economicsstudents after graduating in Ho Chi Minh City The research team conducted acomprehensive survey of a sample of economics students from different universities in

Ho Chi Minh City to identify the main factors influencing their job choice Researchshows that a number of factors, including salary, job security, work-life balance,company culture, and career development opportunities, are important considerations forstudents in the job selection process Furthermore, research shows that family influence

is also an important factor influencing students' career choice decisions Family valuesand beliefs play an important role in shaping students' interests and priorities duringtheir job search The study also revealed that some students face challenges in pursuingtheir preferred career due to financial constraints and parental expectations Byaddressing the identified factors and implementing the proposed recommendations, thestudy aims to support the economic growth of Ho Chi Minh City and improve the careerprospects of economics students

2.3.2 Article 2:Factors affecting the decision to choose a job after graduation ofjunior foreign trade university students 2

This study aimed to evaluate the factors that influence the job choice decisions of juniorforeign trade university students after graduation The study found that several factors,including salary, job security, work-life balance, company culture, and careerdevelopment opportunities, were significant considerations for the students in their jobselection process Moreover, students' academic performance and their level of interest

in the field also affected their job choices The study found that some students faced

Cronbach'sAlpha if ItemDeleted

Cronbach'sAlpha if ItemDeleted

4.3 EFA

Table4.3.1KMOandBartlett’sTeststatisticsofindependentvariables

KMO and Bartlett's Test

Kaiser-Meyer-Olkin Measure of Sampling Adequacy .869

Bartlett's Test of Sphericity Approx Chi-Square 1465.975

KMO number equals 0.869 is greater than 0.5 as well as sig Barlett's Test equals 0.000 islower than 0.05, so factor analysis is appropriate

e Cumulative % Total

% ofVarianc

There are 3 factors extracted based on the criterion of eigenvalue greater than 1, so these

3 factors summarize the information of 13 observed variables included in EFA in thebest way The total variance extracted by these 3 factors is 77.886% > 50%, thus, the 3extracted factors can explain 77.886% of the data variation of 13 observed variablesparticipating in EFA

Table4.3.3RotatedComponent Matrixstatisticsof independentvariables

Rotated Component Matrix

KMO and Bartlett's Test

Kaiser-Meyer-Olkin Measure of Sampling Adequacy .892

Bartlett's Test of Sphericity Approx Chi-Square 496.152

4.4 Regression

Based on the research model, we have the following regression equation:

Y = β0 + β1*X1 + β2*X2 + β3*X3 + e (Unstandardized)

Y = β1*X1 + β2*X2 + β3*X3 + e (Standardized)

Table4.4.1ModelSummarystatisticsModel Summary

Model R R Square AdjustedR Square

Std

Error oftheEstimate

Change Statistics

Durbin-Watson

RSquareChange ChangeF df1 df2 ChangeSig F

of R squared will depend a lot on factors such as research field, research nature, sample size,number of variables participating in the regression, results of other indicators of the regression,etc

The results of this table also give Durbin–Watson values to evaluate the phenomenon offirst-order series autocorrelation The value DW = 2.230, is in the range of 1.5 to 2.5, so theresults do not violate the assumption of first-order series autocorrelation (Yahua Qiao, 2011)

a Dependent Variable: JD

b Predictors: (Constant), FB, PI, PIFL

H0: R 2 = 0 statistically significant, the regression model is not suitable

H1:R 2 ≠ 0 statistically significant, the regression model is suitable

The ANOVAtable gives us the results of the F test to evaluate the hypothesis of fit ofthe regression model The F-test sig value is 0.000 < 0.05 (H0 is rejected), so theregression model is suitable It means that β1≠ β2 β3≠ ≠0

Table 4.4.3 Coefficients statistics

t Sig

95.0% ConfidenceInterval for B Collinearity StatisticsB

Std

Error Beta

LowerBound

UpperBound Tolerance VIF

H0: the regression coefficient of the variable is zero statistically significant, the variable has noimpact on the dependent variable.

H1: the regression coefficient of the variable Xi is statistically different from zero, and thevariable X1 has an impact on the dependent variable

The Coefficient table gives us the Sig value of 3 factors (PIFL, PI, FB) and sig < 0.05 it meansthat 3 factors have an impact on the dependent value So that based on the StandardizedCoefficients beta the regression equation is:

Y = 0.212*PIFL + 0.383*PI + 0.309*FB + e

H1: There is a statistically significant relationship between the influence of

friends and the job choice of economic students

Accepted

H2: There is a significant relationship between personal preference and job

choice

Accepted

H3: There is a significant relationship between financial gain and job

choice of economics students

Accepted

CHAPTER 5: DISCUSSION

After statistics and data processing, the analysis results show that the researched factors allinfluence the job’s choice decision of economics students after finishing the OJT at FPTUniversity, Ho Chi Minh campus The research model is maintained and no hypothesis isrejected Among the three factors, the main factor affecting the job’s choice decision ofeconomics students is the factor of personal interest, followed by financial benefits and peerinfluence In addition, it is also influenced by other factors in the research model

CHAPTER 6: LIMITATION

6.1 Limitation

With this study, our group encountered many limitations The first limitation is the timeconstraint, we did not have much time to do this study in the short study period Thesecond limitation is the size of the study population, we conducted a small sample sizebecause there were not too many students filling out the survey form, so the sample size ofthis study was lower than expected The third limitation is that the selection of variables isnot good, leading to low quality of the research model Finally, there is a limitation of datasources, we have very little data for this topic, so the study still has many places to fail

6.2 Recommendations

After this study, we make some recommendations such as: you need more time to researchand sample size with a large number, the research will be more feasible You should choose