College Career Planning Orientation

How Will You Spend the Next 40 Years?

How Global Workplace Dynamics Will Affect You Impact of Early Career Decisions Impact of Industry Choice Impact of Company Choice Your Best, Free Career Management Resource What You Will Learn Today

Quiz Career choice is one of life’s most important decisions. Selecting a career that matches your interests, skills and values increase your chance for success and happiness. Tools/resources are readily available to make an informed career choice. Today, most students/parents use these tools. True False True or False?

“My son just graduated from college. He doesn’t have a clue what he wants to do. Maybe forensics. Maybe art.” Results “My daughter is a sophomore in college and she hates her major (accounting). She is changing majors, but doesn’t know what to choose. That means at least one more year of college that we cannot afford. “Now that I have a college degree, I need to think about a career. I majored in Marketing, but I’m not sure that’s what I want to do.” Today, 57% of yr. olds in the U.S. live with their parents.

Motivate! Motivate! Empower! Empower!

A Different World

Internet Outsourcing Free, Global Communication Workplace Competition

“Internet” is a tool that is greatly increasing consumers power. Virtually free, “real-time”, global communication has eliminated geographic barriers to workplace competition. Outsourcing has increased job mobility and increased workplace competition.

Retire Early? Consider These Challenges Few employers offer traditional “defined benefit” company pensions and the number is shrinking. In a March, 2005 Survey by Bureau of Labor Statistics only 22% of workers in private industry had access to “Defined Benefit” retirement programs. Social Security’s future is uncertain. Life expectancy continues to rise (49 yrs. in 1900 vs. 75 yrs. in 1990). You may live to be 90 or 100 years old. Recently many household costs (i.e., housing, electricity, insurance, gas, health care) have risen much faster than family incomes. Major obligations (e.g., kid’s college, parent care) place additional strain on financial resources and may limit savings.

Future investment returns are generally expected to be much lower than the levels experienced in the recent past. Average returns for U.S. stocks exceeded 15% in the 1980’s & 1990’s. Future estimates vary, buy many analysts think average annual returns of 6-8% are more likely. According to the National Association of Realtors the median sale price of an existing house in Tampa Bay area climbed 30% in the past year. (vs. a national average of 4.4%/yr. during the past 20 yrs.) To be confident of not running out of money, you’ll likely need about $300,000 in appreciating assets (i.e., stocks, bonds, real estate) for every $10,000 per year you need to spend in retirement. Need to become a millionaire before retirement is viable. Retire Early? Consider These Challenges

Choose an occupation that “fits” your interests, skills and values. Make Good Early Career Choices. Choose Attractive Industries. Choose the Best Companies. To Maximize Your Chances To Succeed

More Opportunities for Promotion More Fun! More Opportunities for Personal Growth More Opportunities for $$$ Attractive Industries

More Opportunities for Personal Development More Pride! Be part of a Winning Team. More Opportunities for Advancement More Opportunities for $$$ Best Companies

Impacts Future Opportunities Many Applicants. Screened for Fit. Characterized by Industry Experience Characterized by Functional Experience First “Job” – Important Decision Perception: You Are What You Have Done!

Your generation (On Your Own) No Defined Pension plans. Fund your own healthcare. Social Security is questionable. Live to be yrs. old. Your grandparents generation (Social Safety Net) Worked for the same company. Retire at 65. Full company pension w/health care. Social Security Enjoy retirement for 3-5 years, then died.

To be confident of not running out of money, you’ll likely need about $300,000 in appreciating assets (i.e., stocks, bonds, real estate) for every $10,000 per year you need to spend in retirement. Need to become a millionaire before retirement is viable. Retire Early?

The Goal SHOULD NOT BE: “JUST GET INTO COLLEGE” SHOULD BE (in this order): 1) Select a career that “fits” my interests, values, and skills. 2) Select an education path that prepares me for this career. 3) Obtain the required education/training. 4) Choose an attractive industry and a “winning” company.

Why Care? Think about all the time the typical student invests in school (K-12). That is the amount of time you will spend in …………. Multiple that amount of time by 600% Your Career 14,000 Hours

Think about all the time the typical student invests in school (K- College). That is the amount of time you will spend in …………. Multiple that amount of time by 500% Your Career 18,000 Hours

Hours Invested

Comprehensive Career Management Tool Kit Quality: Best Content from the Best Sites Comprehensive: One-Stop for Hundreds of Tools Fast, Easy Access No Clutter: No Ads. No Pop-ups. No Hassle: No Log-ons. Nothing for Sale. Unique Content: Get Motivated, Global Workplace, Presentations for Students/Parents, Company/Industry Analysis and more! No Cost: Absolutely Free!

Final Exam Your PRIMARY goal of college should be: A)Party and have fun! B) Get a Degree C) Acquire “Marketable Skills” that increase your chance for Success & Happiness in an increasingly Competitive Global Workplace.