BusinessWeek Magazine Names Enterprise Rent-A-Car Among Top Five Places to Launch a Career
ST. LOUIS (October 16, 2006)--Ready to graduate? Sure. Robe? Check. Course requirements? Check. Future? Uh oh.
Enterprise Rent-A-Car, North America’s largest rental car company, has again been listed as one of the best places college graduates and young professionals can turn to for a promising career. The company recently earned the No. 5 spot on BusinessWeek’s inaugural list of “Best Places to Launch a Career.”
BusinessWeek used three sources of data – a survey of career-services directors, a survey of employers, and a student survey conducted by Universum Communications, a market-research firm based in Philadelphia – to develop its rankings.
“It’s a great honor to be on the BusinessWeek list and we thank everyone involved for supporting our business and employees,” said Marie Artim, assistant vice president, recruiting at Enterprise. “We especially appreciate the fact that career services directors surveyed ranked Enterprise as the No. 1 employer for entry-level workers.”
Enterprise, which hires about 7,000 college graduates a year, has a well-developed management training program that teaches employees how to run their own businesses. In fact, nearly 100 percent of Enterprise’s current senior management – including the president and CEO – started as management trainees, learning the ins and outs of the business.
“We recruit a lot of our candidates right out of college. Universities are one of the best places for Enterprise to find employees who want to learn to run a business from the ground up,” Artim said. “We’re a company that believes in training and developing employees to become the future of our business.”
The company’s management training program enables employees who work in the rental car offices to learn how to manage profit-and-loss statements, control expenses and implement a comprehensive business plan – a sort of MBA crash course. Within nine to 12 months, managers in training are typically eligible for promotion and get the opportunity to run part of the rental branch business as if it were their own, including sharing in the profits they help create.
“At Enterprise, we instill a fun, exciting atmosphere, where employees are in charge of their careers and set their own pace for career growth,” Artim said. “Because we strongly encourage a promote-from-within philosophy, as individuals learn, they move rapidly into branch management positions and beyond, typically becoming branch managers within two to three years.”
Other recent recognition for Enterprise includes being named the No. 1 entry-level employer by CollegeGrad.com, being featured in the 2007 Princeton Review book as a best company for entry-level jobs, and the No. 1 spot on Diverse: Issues in Higher Education's list of “Top 30 National Firms Most Effective at Diversity Recruiting.“
For students looking for an internship, Enterprise offers spots for more than 1,500 interns a year. Fortune.com named Enterprise one of the “Five Best Internships for Real Work” during the summer of 2006. Interns at Enterprise are involved in all aspects of running the business and are given the responsibilities of a full-time employee.
For more information about Enterprise or its management training program, students should contact their career center or go to www.enterprise.com/careers.
About Enterprise Rent-A-Car
Enterprise Rent-A-Car operates more than 850,000 rental and fleet services vehicles worldwide and has annual revenues of more than $9 billion. Last year, Enterprise opened more than 400 new locations, increasing its total locations to nearly 7,000. The company operates more than 900 offices in Canada, United Kingdom, Germany and Ireland. Enterprise is currently number 16 on the Forbes '500 Largest Private Companies in America' list. For more information about Enterprise visit www.enterprise.com.