Archive for the ‘Career Advice’ Category
More Jobs, Higher Unemployment: A Confusing Message for the Class of 2010
Monday, August 9th, 2010The Class of 2010 has graduated into the worst economy in living memory. Those with bachelor’s degrees are joining their under-25 peers in a job market where 11.7% of their cohort is unemployed. And, while other segments of the market recover, the situation for recent graduates is deteriorating. In July 2009, the unemployment rate for college graduates with bachelor’s degrees was 10.1%. A year later, it is 15% higher. Those who chose to “ride out the economy” when the job market first slipped, made a serious error in judgment.
There is no doubt that it is hard for college graduates to find work. But dig deeper in the Bureau of Labor Statistics data, and the news is less gloomy. More that a 100,000 more college graduates are employed in July, 2010 than were employed two years ago.
College Seniors: Don’t Go To Graduate School
Monday, April 5th, 2010The Class of 2010 must be cursing their collective bad luck. For most of their college career, they watched employers wooing their older classmates with promises of high salaries and signing bonuses. Then they sat back, dumbfounded, as the Class of 2009 confronted the worst hiring situation in decades. Now, they have to face the fact that the jobs recovery still remains elusively over the horizon.
Careers and the College Grad: Predictions for 2010 and beyond
Saturday, January 2nd, 2010December 31, 2009: The Wall Street Journal’s lead story proclaims that 2009 was a banner year for stocks. This is great news for parents paying for their children’s increasingly expensive college education from hard-earned savings. Yet the good economic news disguises an ugly fact: unemployment figures continued to rise throughout 2009, only flattening out towards the end of the year. And, none of the experts expect a significant improvement in the employment picture anytime soon.
Based on my reading of the statistical tea leaves, along with anecdotal data from clients, I have five predictions each for college students, and for the career services offices that help them figure out and find their futures.
Employment Advice for 2010 College Grads: Finding the Light at the End of the Tunnel
Monday, December 14th, 2009Going 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, 2009This 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, 2009This is the third 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 second career strategy outlined in the presentation: Think like an employer.
Understanding How Careers Work: Advice For New College Grads
Sunday, November 29th, 2009This is the first 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 true for current new and recent grads.
How Can I Transition From a Career in Law to Business?
Tuesday, September 29th, 2009Q. After six years in corporate law, I have decided to go into business. I’m having a hard time getting my foot in the door. What do you advise?
Is starting your own business a good idea for unemployed new grads?
Thursday, September 17th, 2009Q. 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?
Getting out of Law
Friday, September 11th, 2009Q. I’m a lawyer who’s never taken to the legal profession. Can I look forward to other career options?
A. What your question does not tell me is if you’ve “gone off” the law entirely, or simply don’t want to work in a law firm, where you have to bill in excess of 2,000 hours a year and never see your family.