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Published byCathleen Terry Modified over 8 years ago
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For Class of ’08, A Scramble for jobs By: Anjali Athavaley April 8, 2008
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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
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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bought by J.P. Morgan Chase & Co. Resulted in thousands of layoffs Half of 100 job offers to graduating seniors were rescinded
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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%
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Starting Salary
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Finding the Right Job Stanford University’s career Development Center worksheets Skills Worksheet Values Worksheet Work Environment Worksheet Good Grades Co-ops/ Internships
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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.
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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.
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Questions???
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