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Welcome to the co-op fee comprehensive review page (also known as the co-op fee “deep dive”). In this space, we'll talk about the work that is being done to examine the questions you have around the co-op fee and how it is spent. This page aims to provide the most accurate, up-to-date information available. It was last updated on February 2nd, 2018.
In July 2017 a project team was officially established to perform a comprehensive review of the co-op fee (we're calling it a co-op fee "deep dive"). The Co-operative Education department and the Federation of Students are partnering on this initiative, and our project scope aims to:
Our project team has worked to find the clearest way to break down your fee. It's not as simple as looking at individual units and their budgets, as many of our staff members work to support different areas of co-op. For example:
We've taken into account every role and expense funded by your co-op fee and sorted them into seven distinct categories of work/costs - take a look at the budget breakdown below and see where your $709 went this past year.
Our budget number of $18.9 million reflects the actual co-op fees collected during fiscal May 1, 2016 to April 30, 2017. Learn more about how this number is calculated on our FAQ page.
We've taken into account every role and expense funded by your co-op fee and sorted them into seven distinct categories of work/costs below. We are working to show how much of your co-op fee supports each work category.
In fall 2017, there were almost 14,000 interviews in the first ten days of the first interview round. That’s a 15 percent increase in interviews (including in-person, phone and web-based) over last year. On a single day in October, there were more than 1,700 interviews.
Every term, our co-op program grows. With so many students and employers, it's critical that the core employment process functions as planned. Some key areas that are supported with this funding include:
Student success is critical to co-op, and student advising is an important part of that process. Student advising includes, among other things:
We know that 26% ($4.9 million) of our operating budget goes to co-op student advising, programming, and resource development expenses. We’ve broken this down even further:
With student enrolment growth comes a higher number of employer relationships. In 2017 we had over 6,900 active employers. Many of the best employers in the world hire from Waterloo, and many hire over and over again. St. Joe's Hospital just hired thirty-five Waterloo students in the fall 2017 term to help transition to a fully digital hospital.
Last year we were named #1 in Canada for employer partnerships, and #4 in the world (QS graduate employability rankings). Nurturing employer relationships is crucial to the success of our co-op program. To maintain this level of employer partnership, this funding supports:
Academic programming is very much aligned with the co-op program, and communication between faculties and co-op is integral. Co-op must maintain strong relationships within the faculties to support 120+ co-op programs. This funding helps support:
The University's employer network stretches across 60+ countries. In 2017, Waterloo onboarded more than 1,400 new employers. Our business development team connects face-to-face with prospective employers at hundreds of events, trade shows and meetings across North America each year.
New business is a priority to ensure the growth of Waterloo co-op. This funding supports:
Last year, more than one million co-op job applications were processed by WaterlooWorks. This led to 67,500+ interviews and 19,100 work terms. The infrastructure and administration supports all five of the previously listed areas of work. This funding supports:
University central costs account for our department’s continuous access of centralized resources and services on campus. This includes overheads such as: management of building and space costs (Plant Operations), employee benefits (Human Resources), access to university technology networks and tech supports (IST) and more.
These central costs are automatically deducted by the university, and are not considered part of the operating budget of the co-op program.
The University of Waterloo has more co-op students than Canada's next two largest post-secondary co-op institutions - combined.
With increased size and diversity comes increased complexity. There are 150 full-time ongoing staff members that make the University of Waterloo co-op program possible. There are also contract and casual staff that support the co-op process for special projects and at peak times each term.
Curious about our numbers? Take a look at this interactive chart below.
For more information and metrics around co-op, visit our 2017 Annual Report.
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