Some job markets for new grads
So you just graduated college and you’re having a very difficult time finding a job in this job market, what are you going to do? What are the best markets to try to find work in the current economy?
In a recent Business Week article, writer Prashant Gopal, tries to answer these questions.
The graduating Generation Y job seekers have an advantage over others because they are young, single and familiar and comfortable with technology. For these reasons, they are more likely to be able to move and work long hours. They are also less expensive to employers, with both labor cost and health insurance (overall). One would think that with all these benefits, Gen Y job seekers would find work easily because that is what employers are looking for.
Well, this is obviously not the case today. Right now, graduates are having a very difficult time finding work even with all the benefits listed.
There are a few fields, however, that new grads are having a bit more luck in.
Many twentysomethings are having a bit of luck making their own work. Taking their strengths into account, new grads are starting more online businesses. When starting a business, you can expect a few things:
- You will work long hours
- You will have to be mobile
- You must know technology well and be fluent in more than just Microsoft Word.
Some other job markets that is typically dominated by twenty somethings and recent college graduates include:
1) The Airline Industry – With jobs like flight engineers and aerospace engineers, these jobs require more professional and trained employees.
2) Banking – Yes, bank tellers and analysts are some of the jobs open and surprisingly Utah is the best place to get into this field..
3) Retail Stores – Retail sales is where many business, particularly marketing, students end up after graduation.
4) Computer and electronics – It is always easy to deem the electronic and information technology field as a field that is particular to new graduates. The youngest job seekers have always been the ones that are more likely to know the most about advancements in technology.
5) Education
6) Government jobs in DC – The District of Columbia has a high median salary for those under 30.
At just over $55,000, the median salary of government jobs for those under the age of 30 keeps new grads interested in DC.
7) Hospitals – Jobs in nursing offer high median salaries for new graduates and the jobs are often plentiful right out of college.
Of course most of these jobs still aren’t hiring at the rate that people are graduating college. There are still a lot of issues surrounding the fact that more people are graduating than there are jobs.
So, when you graduate there may have to be a little bit of settling when it comes to just paying the bills.
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I must say this will surely be a bigger problem as the years go by. We should all remember that the base and foundation of economy is Food, and thus now days, the food chain is being dominated by industries which is bad ! in some terms and long term.
The Big problem with this economy is the following: ” People should try and go back to the old days, where having a business was the ideal thing. During the time of Rome, sons of fathers worked where their fathers worked because they had the road to it opened, and most probably learned the tasks early on..
We should all go for what we really have oportunities, and know, and try to make a small business.
One thing to add, the people guilty of this are those that have lots and lots of money, millionaires, and that they just stay with the money without fluent reivestment. These people take money off the market and put it away, meaning less money is moving, which means the harder the economy. Moving money is like the grease to a wheel.
Well said, William. It will be a bigger problem as time goes on. The government will readily admit that the heart of the American dream and the success we have is the entrepreneurial spirit and small business nature (i.e. “Joe the Plumber”). That is the way this country and its people will survive. When industry is replaced with initiative, we will truly be successful as a people, wealth will naturally spread itself out more without the socialist agenda of the left or the capitalist agenda of the right. It will also mean that more money is moving, like you stated. Wonderful point.
By the way, Jennifer, wonderful related article to mine from the same day! I like how we related ideas there.
I feel sorry for the new grads. It is a tough economy, but it may create a new generation of entrepreneurs and it may be the beginning of the next Microsoft.
Don’t forget the oil industry… oil just doubled in value over the last 5 months… I bet they’re hiring plenty right now…
In contrast, most fuel companies are making redundancies, although crude is up since month, London prices are still half the high.
I think that although there are obviously going to be immediate economic problems, here is massive potential for future wealth. Hard times drive great new business ideas.
I myself finished a Biochemical degree last year, and have decided to do a masters in Medicine and Surgery because there was no prospect of getting a decent wage. Times are tough, but people can flourish when placed under sufficient stress.