Going to the dentist and giving a public presentation consistently rank as two of the most universally dreaded activities. The Class of 2010 could add a third: going through the senior job search.
When the economy tanked in 2008, college juniors watched with a sense of horror as their carefully laid internship plans were destroyed. But the horror was tempered with relief that the major impact of the collapsing job market would fall not on them, but on the Class of 2009.
One year on, it is clear there is no lucky escape for the college grads of 2010. According to November, 2009 data from the Bureau of Labor Statistics, 7.5% of college grads under the age of 25 still have no work at all, a figure that has risen 50% from a year ago. College seniors in 2010 will enter a market that is already saturated with unemployed or underemployed graduates.
So how are current college seniors coping? A surprising number of them appear to be putting their collective heads in the sand. Far from flooding to their careers offices and asking for help, they are opting out. By the end of the December, those who were successful in on-campus recruiting will have already accepted job offers. And those who are pursuing further education will have their applications well in hand. But for more than half the class, the future looks so unclear that students would rather postpone reality and concentrate on enjoying their final semester. Small comfort to the parents who have invested two hundred grand in their son or daughter’s education.
It’s tempting for the Class of 2010 to think that there’s little that can be done. After all, the thousands of employers who might seek the talents of graduating seniors have not yet identified their hiring needs. But the light at the end of the employment tunnel will be much brighter for the student who commits to learning the skills, aptitudes and strategy for a successful career search while they are still in college. Those will be the students who can capitalize on employment opportunities as they arise.
Winter break is the time when most parents and their college seniors have the dreaded “career” discussion. Student commitment to a career strategy, which includes a plan to develop essential career skills, attitude and focus, will go a long way towards providing parental piece of mind. Employment at graduation? For students who see finding a post-graduate job as part of their education, it’s a real possibility.
First published on http://www.catapultadvising.com.