December 10, 2007

Job Market is Looking Good for 2007-2008 Grads

While everyone else is busy shopping for holiday presents, there are some of you out there who are busy "shopping" for jobs. While the data compiled in this article are related to upcoming college graduates, post-graduates (old and young) who are ready to move on from their current employment scenario should also take note.

A recent study projected 60 percent of US businesses plan to employ the same number of graduates this year as last year. That is an increase of fifty-five percent from last year, according to the CERI (Collegiate Employment Research Institute) at MSU.

According to recent studies, US Corporations and businesses will employ more graduates with a bachelor's degree in business, biological and physical sciences. Those with construction management, engineering degrees, health care and accounting will also experience an increase in hiring. Other fields will have a slight decline.

A lot of companies are coming out of a slump and are now hiring their interns and looking for more. A lot of companies are posting jobs and coming into different campuses. Most experts advise that during the holidays, whether you're looking for permanent employment or internship, it is time to step up your search.

Take advantage of the holiday events you're going to, discuss what you're looking for and share your goals. As we'll all heard before, one of the most powerful ways to find a job is through networking, and well let's face it, the holidays are a perfect time to network.

So here are some of the highlights for this year's job market:
  • Companies will hire more students earning bachelor's degree in business and management, physical and biological sciences. Engineering, health care and accounting degrees will also experience an increase. Other degrees will experience a decrease in hiring.
  • Businesses expect to employ about the same volume of MBAs this year as last year. Businesses have found employees with bachelor's degrees being able to do some work being done by MBAs.
  • It will be harder for graduates with computer science degrees to find work.
  • Companies are more likely to employ students who have undergone internships. The work experience, they say, makes a lot of difference. Federal agencies will employ more graduates but not nearly enough to offset the decrease in hiring by the state and local government agencies.
  • On average, starting salaries will increase by 1 to 2 percent.

1 comment:

Kevin Thompson said...

Thank you for providing this insight for recent grads. They may also be interested in taking an interview awareness quiz. The quiz in free and you readers will find it informative and insightful. Here is the link to my post:

http://interviewteacher.com/blog/?p=62

In todays job market any tip that you can obtain to be better prepared for your interview is will worth the time. Thanks again for sharing this information with us.