For Class of ’08, A Scramble for jobs By: Anjali Athavaley April 8, 2008

College Grads Face Rockiest Job Market in Years  Economy sputters  Credit crunch  Financial markets struggle  As financial markets struggle financially, fewer entry-level positions are available

Statistics  March jobless rate rose to 5.1%  Nonprofit, large employers expected to boost hiring of new graduates by 16%  After February NACE planned a more modest boost of 8%  Hiring is anticipated to fall 7.5%  Bear Stearns bought by J.P. Morgan Chase & Co.  Resulted in thousands of layoffs  Half of 100 job offers to graduating seniors were rescinded

Stats cont.  Citigroup Inc. says that its hiring of undergrads is down 10%  Starting Salaries  Finance and Accounting grads rose 1.9%  Business Administration and Management increased less than 1%  Computer-science majors rose by 7.9%  Engineering grads increase by 5.7%

Starting Salary

Finding the Right Job  Stanford University’s career Development Center worksheets  Skills Worksheet  Values Worksheet  Work Environment Worksheet  Good Grades  Co-ops/ Internships

What Businesses Are Doing  Holding, or dropping intake of graduates levels  Will not completely stop intake due to lack of skilled VPs  Don’t call them, they will call you.

Tough Times for Students  Seniors getting fewer offers.  Rates of jobs up because accepting 1 st offer.  Juniors and other underclassmen have tougher times finding job offers due to economy.  People change interests from Accounting, and Finance to Health Care.

Questions???