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The Most Preferred Benefit For New College Grads and the Runners Up

Want more evidence that the Great Recession has altered the job hunting landscape for new grads? Historically, they wanted health benefits. Now that’s changing. Read the rest of this entry »

Does Your Resume Reflect Your Strengths?

In an age of Facebook, Twitter, Pinterest, Tumblr and LinkedIn, there is a lingering question about whether the traditional resume is even necessary, especially for digital natives. Read the rest of this entry »

Hiring Expectations for the Class of 2013

In a press release last week the National Association of College and Employers had some good news for the Class of 2013. Hiring Hiring   will be up 13% ov the Class of 2012.

Finance, computer and information science and accounting majors are expected to be in greatest demand. Engineering, marketing and economics graduates are also expected to fare well.

Paid Vs. Unpaid Internships

Should you take an unpaid internship? It’s a question students, their colleges and their families debate. Will it make a difference in a job search later? The answer, according to a new study from the National Association of Colleges and Employers is unclear. Read the rest of this entry »

College Majors, Starting Salaries and Job Growth

The National Association for Colleges and Employers recently released a report that shows job growth and starting salaries by major. Salaries increased the most for business and computer science majors and barely budged in math and sciences. What does this say about the presumed shortages STEM professions (Science, Technology, Engineering, Math.)

Separately, the Bureau of Labor Statistics   released data last week about job growth between 2010-2020 and anticipates much of the growth will be in health professions and education. And the report gives credence to education beyond a B.A. or B.S. with jobs requiring a Master’s degree are expected to grow over 21% faster than for any other education category.

Choosing a College Major with a Career in Mind

Last week a report entitled  What’s It Worth The Economic Value of College Majors was released by the Center on Education and the Workforce at Georgetown University in Washington, D.C. and made a big splash, covered by Time Magazine and The New York Times among others.    Read the rest of this entry »

Pay Gap Persists for Female Undergraduates and MBA’s

It’s graduation season. And those lucky graduates who have landed jobs, may have some disappointing news if they are female. The wage gap is alive and well. Read the rest of this entry »

What’s Ahead for Summer Employment

With the jobs numbers due out on Friday, once again attention is turning to the youngest entrants into the labor market, low income young adults between 16-24. Tomorrow Secretary of Labor Hilda L. Solis will be speaking about the importance of summer jobs for young people as part of the Summer Jobs USA: Make the Commitment! Summer Jobs USA: Make the Commitment! initiative. The department’s goal is 100,000 jobs this summer.

That’s not a lot when you consider that within the next few weeks, as strains of Pomp and Circumstance are heard on college campuses nationwide, 1.7 college graduates will receive their diplomas, toss their mortarboards into the air and begin to flood the job market. 

We’ll be following what to expect from a job market that has been inhospitable to these groups for the last few years.

Equal Pay

Yesterday was Equal Pay Day which comes from the amount of time women need to work into the following year to make the equivalent men made the year before. Read the rest of this entry »

How Much Does College Major or School Size Influence Earnings?

There’s a Wall Street Journal chart circulating this week. Engineering and computer science pay more than English and Communications. There are no surprises there.

But as the college applications season shifts into higher gear, and the economy continues to quiver does size of school matter for long term earning potential? According to an analysis by Knowledge @ Wharton out today, the answer may be a qualified yes.

It quotes a study by Till Marco Von Wachter, a Columbia University economics professor who studied Canadian college graduates who entered the job market in the two decades from 1976-1995. His research showed those who graduated during a recession had a substantial initial loss of earnings, around 10% from an average downturn. The loss persisted for some years, with the effect fading out after a decade.

Perhaps most surprising was that the earning pattern differed not only by major but by type of school the graduate attended. “We ranked people based on their expected labor market success,” von Wachter said. “Those who graduated from better, bigger schools and those who had more math-intensive majors, such as engineering or hard sciences, did the best. They took a small hit but recovered after a few years. The people who majored in social sciences were in the middle [of the spectrum]. But those who graduated from smaller schools and who majored in humanities did not fare as well. They lost access to a career trajectory and it never came back. There seems to be a group who are permanently stuck at lower level, lower paying jobs. If they don’t get access to good jobs in a critical time period, say ages 20 to 30, it appears that, on average, they never do.”

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