1.How can you prepare for the workforce? 2. What are important factors when choosing a career? Job, career, standard of living, cost of living, aptitude, network, internship, mentor, cooperative education, interest inventory, occupational cluster, cover letter, resume, benefits,

College Costs College Costs MO residentNon-MO resident Student fees for undergrads $6,598$12,418 Room and board $6,582 Books and supplies (estimate) $ Personal & Transportation $3,000 T O T A L $17,080$22,900 MO State MO residentNon-MO resident Student fees for undergrads $8,501$20,516 Room and board $8,600 Books and supplies (estimate) $1,070 Personal & Transportation T O T A L $3,110 $21,288 $3,110 $33,303 University of MO

© Family Economics & Financial Education – Revised Education training Professi onal degree s Take the longest amount of time and varies depending on the profession Doctor ate degree s 4-6 years beyond undergraduate degrees in college Masters degree 2 years beyond undergraduate degrees in college Bachelo rs degree 4 years beyond high school Associa tes degree 2 years beyond high school Earnings

Living Standard of living: Level of material comfort measured by the goods, services, and luxuries available Cost of living: The average cost of goods/services thought to be essential: ( Housing, food, transportation) Vs.

Vocabulary Job: Employment position obtained to earn money. B&PF: p. 32 Career: A commitment to a profession which requires continued training and offers a clear path for occupational growth. B&PF: p. 32 Aptitudes: Natural abilities that people possess

Ranking Order of Key Employee Skills Click Here to Find Out What Employers Want Source: Job Outlook 2006, National Association of Colleges and Employers

Career Information Sources Networking: Using contacts to get job information Job Fairs Employment Agencies Library/Newspaper College & Career Center Professional Organizations Counselor

Experience Part-time work: (Working for wages) Volunteer work: (Working on behalf of others/cause without payment for their time and services) Learn new skills & develop good work habits Internships: (Position of on the job training, typically supervised. Paid or unpaid) Training from experienced people Cooperative Edu: (Structured method of combining classroom-based education with practical work experience) Enhance classroom learning Mentor: A trusted counselor or guide

Applying for a Job 1. 1.Interest in a particular field 2. 2.Research in a job/career field 3. 3.Application 4. 4.Cover letter & Resume (References) 5. 5.Interview (References) 6. 6.Follow up & Thank You Letter Interest Inventories: Self assessment of personal interests and values to suggest potential career paths. Occupational clusters: Career paths with many job opportunities.

COVER LETTER & RESUME Resume A resume is a personal summary of your professional history and qualifications. It includes information about your career goals, education, work experience, activities, honors, and any special skills you might have. (See cover letter & resume ppt.) Cover Letter Personalized business letter (about 3 paragraphs), highlighting an individual’s skills, qualifications, and experience that make them an ideal applicant for a job

© Family Economics & Financial Education Institute at The University of Arizona No spelling or grammar errors (PROOFREAD) Show your experience as well as writing ability (quantify) Should be typed with size 10 or 12 basic font (nothing to fancy) Try to avoid using too many “I”, “me”, & “mine”s Keep formal, short, and on topic Use active language (organized, initiated, managed, created) Cover Letter & Resume Tips

Employee Needs Benefits: Benefits: Rewards obtained in addition to pay - Cafeteria-style allows employee choice (B&PF p.49) Retirement Plan: Retirement Plan: An arrangement to provide people with an income during retirement when they're no longer earning a steady income (Ex. 401K, 403B, IRA, Roth IRA) What Impacts Your Earning Potential? Business Downturn Changing Careers Promotions Relocation Business Upturn Additional Training A New Job Being Fired Advanced Degrees

Comparing Job Offers Base Salary $$$ Fringe Benefits Paid sick time & parental l. Holiday & vacation time Health/life/disability ins. Workman’s compensation Retirement Opportunity for advancement & incentives Performance-based pay Bonuses Services Gym membership Flexible hours Discounts Child care Perks Relocation allowances Company car Repayment of education loans Stock options Location and environment Commute time Affordable housing Low crime rate Good schools Desired climate