Archive for the ‘Blog’ Category

Employment Advice for 2010 College Grads: Finding the Light at the End of the Tunnel

Monday, December 14th, 2009

Going to the dentist and giving a public presentation consistently rank as two of the most universally dreaded activities. The Class of 2010 could add a third: going through the senior job search.

When the economy tanked in 2008, college juniors watched with a sense of horror as their carefully laid internship plans were destroyed. But the horror was tempered with relief that the major impact of the collapsing job market would fall not on them, but on the Class of 2009.

One year on, it is clear there is no lucky escape for the college grads of 2010….

Career Advice For New College Grads: Find Your Hook

Monday, December 14th, 2009

This is the fourth post in a four part series.
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To find a group of students who have been as adversely affected in their career options by the economy as grads in the classes of 2009 and 2010, you have to go back to the early 1970s. Then, as now, the number of new college grads far outstripped the number of positions requiring a college degree. And, to be sure, many graduating seniors—particularly liberal arts grads without relevant work experience—found work for which they were overqualified, or in which they were only minimally interested. But there is nothing to suggest that 1970s grads were any less successful in finding their ideal work than their peers who graduated in better economic times. The same will be undoubtedly true for those graduating in 2009 and 2010.

This article is excerpted from a presentation to students and faculty at Grove City College in Pennsylvania, in November, 2009. This post describes the third career strategy described in the presentation: Find your hook.

Career Advice for New College Grads: Think Like An Employer

Thursday, December 10th, 2009

This is the third post in a four part series.
—————————————–
To find a group of students who have been as adversely affected in their career options by the economy as grads in the classes of 2009 and 2010, you have to go back to the early 1970s. Then, as now, the number of new college grads far outstripped the number of positions requiring a college degree. And, to be sure, many graduating seniors—particularly liberal arts grads without relevant work experience—found work for which they were overqualified, or in which they were only minimally interested. But there is nothing to suggest that 1970s grads were any less successful in finding their ideal work than their peers who graduated in better economic times. The same will be undoubtedly true for those graduating in 2009 and 2010.

This article is excerpted from a presentation to students and faculty at Grove City College in Pennsylvania, in November, 2009. This post describes the second career strategy outlined in the presentation: Think like an employer.

Career Advice for New College Grads: Leveraging Your Connections

Thursday, December 3rd, 2009

This is the second post in a four part series.
———————————————–
To find a group of students who have been as adversely affected in their career options by the economy as grads in the classes of 2009 and 2010, you have to go back to the early 1970s. Then, as now, the number of new college grads far outstripped the number of positions requiring a college degree. And, to be sure, many graduating seniors—particularly liberal arts grads without relevant work experience—found work for which they were overqualified, or in which they were only minimally interested. But there is nothing to suggest that 1970s grads were any less successful in finding their ideal work than their peers who graduated in better economic times. The same will be undoubtedly true for those graduating in 2009 and 2010.

This article is excerpted from a presentation to students and faculty at Grove City College in Pennsylvania, in November, 2009. The career strategy described in this post is about leveraging your connections.

Understanding How Careers Work: Advice For New College Grads

Sunday, November 29th, 2009

This is the first post in a four part series.
———————————————–
To find a group of students who have been as adversely affected in their career options by the economy as grads in the classes of 2009 and 2010, you have to go back to the early 1970s. Then, as now, the number of new college grads far outstripped the number of positions requiring a college degree. And, to be sure, many graduating seniors—particularly liberal arts grads without relevant work experience—found work for which they were overqualified, or in which they were only minimally interested. But there is nothing to suggest that 1970s grads were any less successful in finding their ideal work than their peers who graduated in better economic times. The same will be true for current new and recent grads.

Good News for College Grad Employment

Sunday, November 8th, 2009

The latest government (BLS) unemployment statistics for October, 2009, were accompanied by a collective national groan. Across all populations, the average unemployment rate rose to a high of 10.2%–up four tenths of a percent from September, 2009, and 54% higher than a year ago. But unemployment woes have not affected every group equally. There is a whopping discrepancy between individuals with no high school diploma, and those with a college degree.

Higher Education: Don’t Ignore Your Liberal Arts Majors

Thursday, November 5th, 2009

In an Interfolio blog article on November 5, Mike Lovell makes the case that careers offices should pay more attention to their liberal arts majors. He cites a recent article in the Chronicle of Higher Education by Katharine Brooks. I applaud Ms. Brooks’ idea of partnering with faculty. I also like the idea of offering students a course through which they identify their transferable skills, whether through a credit or a not-for-credit program. But I’d like to go much further. In the 21st century, when an economic return on tuition investment is so important to both students and parents, it is incumbent upon everyone in a college or university—from the President on down—to be talking about education and graduate success in the same breath, and to do so from the first year on. Because if talking about a student’s future is confined to the upper-class classroom and the occasional visit to the careers office, we will still end up with graduates who can’t make the connection between college and career.

2009 College Graduates: Unemployed and Forgotten

Sunday, October 18th, 2009

What has happened to the college graduates who received their diplomas last Spring? Since that time, the word on the street—or at least on Wall Street—is that we are no longer in recession. But the improving public mood has not translated yet into hiring. According to the Bureau of Labor Statistics, the overall unemployment rate inched up to 9.8% in September, with no demographic group being spared.

On the surface, the 9.3% unemployment rate for college grads with a bachelor’s degree under the age of 25 seems quite positive. After all, the National Association of Colleges and Employers survey of 16,000 college seniors, conducted through April 30, 2009, concluded that only 19.7% had jobs lined up by graduation. Unfortunately, the Bureau of Labor Statistics data hide some more troubling information.

Is starting your own business a good idea for unemployed new grads?

Thursday, September 17th, 2009

Q. I’m a recent college grad with a true entrepreneurial spirit. Since I’m currently unemployed, I’m thinking of starting my own business. Unfortunately, I have debts rather than investments. What do I need to consider before I put “CEO” on my resume?

Do You Need An Ivy League Degree to Rise to the Top in Business?

Monday, September 14th, 2009

Thousands of high school seniors will apply to Ivy League universities this fall. For most, receiving a fat acceptance package is considered equivalent to winning the financial and career lottery. Rejection, however nicely expressed, is cause for huge disappointment—even despair. But how important is it to get into an Ivy if you want to reach the highest echelons of business? A new survey of the educational background of Fortune 100 CEOs suggests it may be much less important than you might think.

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