Tuesday, May 5, 2015
YOLO COUNTY NEWS
99 CENTS

Survey: New grads can expect modest rise in hiring

By
From page A8 | November 18, 2012 |

By Justin Pope

Modest good news for college students: An annual survey predicts employers will increase hiring of new 4-year college graduates about 5 percent in the coming year. Demand for graduates with associate’s degrees is expected to increase more sharply — by about 30 percent compared to last year’s survey— while MBA hiring appears headed for an unexpected decline.

The 42nd annual survey out Thursday from Michigan State University’s College Employment Research Institute collects responses on hiring plans from more than 2,000 U.S. employers. It paints a mixed picture reflecting an improving economy but also uncertainty over whether Congress and the White House will carry the country off the fiscal cliff in January, potentially sending the economy back into recession.

The hiring numbers are certainly better than for students who graduated at the depths of the recession, but overall indicate less aggressive hiring than the last couple of years, which survey director Phil Gardner attributed to the political situation as well as weakness in sectors like defense. The survey was conducted before President Barack Obama won a second term.

“Everybody just stopped making decisions to see how this election was going to be play out,” Gardner said. “A lot of people are sitting on the fence.”

For 4-year college graduates, the report finds employers are looking most actively for business-related majors but demand is also strong for “all majors” — an indication many employers want critical thinking skills that can be developed in many different courses of study. Demand for engineering, accounting and computer science majors appears somewhat softer than in previous years.

As for those with MBAs — master’s level business degrees — Gardner said it appears companies are more willing to fill jobs with bachelor’s-only recipients, who command less salary. That’s unfortunate for a glut of MBA students still coming up through the system.

“The top-school MBA grads aren’t going to have a problem,” Gardner said. “It’s all these kids without a lot of professional experience that aren’t at the top-tier programs that will probably struggle to find work that is an ‘MBA job.'”

Alex Mitchell, a Michigan State journalism student scheduled to graduate in December, said he and his fellow students have long since reconciled themselves to a tough slog getting their first job. A string of internships and other pre-professional experiences in colleges is essential, and some students, he said, will have to settle for internships even after they graduate.

Personally, he’s realized journalism jobs will be hard to land and is looking for work in public relations. He’s optimistic, but with 15 applications out, is still looking for his first interview. He’d hoped to settle in Michigan or next-door Ohio to be near family but realizes he may have to broaden his horizons.

“I may have to reach out across some different states or maybe elsewhere around the country to get that initial position before I get back,” he said. As for the market, “there’s just a lot of people who’ve been out there a little bit longer, out of school longer, and have more experience than myself.”

While higher degrees generally translate into higher earnings, there are wide variations across fields of study and careers, and students have to factor debt into the equation if they need to borrow for tuition. According to Georgetown University researchers, roughly 30 percent of associate’s degree recipients earn more than people with bachelor’s degrees. Those with mere certificates in engineering earn roughly 20 percent more than the average generic bachelor’s degree recipient.

A recent study by The Project on Student Debt found that two-thirds of the college class of 2011 nationally finished school with loan debt, and those who borrowed owed on average $26,600 — up about 5 percent from the class before. Still, most experts insist that while a bachelor’s degree doesn’t necessarily pay off with a first job, it eventually more than does so, in hundreds of thousands of dollars in additional lifetime earnings.

A major part of that is simply staying employed: For those 25 and older, the unemployment rate for those with a college degree is now just 3.8 percent. For those with some college or an associate degree it’s 6.9 percent, and for those with just a high school diploma it’s 8.4 percent.

— Online: http://www.ceri.msu.edu

Comments

comments

The Associated Press

  • Recent Posts

  • Enter your email address to subscribe to this newspaper and receive notifications of new articles by email.

  • .

    News

     
    Sexual assault awareness campaign recognizes teens

    By Anne Ternus-Bellamy | From Page: A1 | Gallery

    Mother, daughters killed in crash caused by wrong-way driver

    By Lauren Keene | From Page: A1 | Gallery

     
     
    New comic allows readers to ‘Carpe Diem’!

    By Enterprise staff | From Page: A2

    Fire damages Woodland apartment

    By Lauren Keene | From Page: A2

     
    Watering bans, conservation mandates on tap for regulators

    By The Associated Press | From Page: A2

     
    A blessing of the bikes

    By Fred Gladdis | From Page: A2

    Capitol drive collects essentials for young lives

    By Special to The Enterprise | From Page: B3 | Gallery

     
    Sunrise Rotarians honor student role models

    By Enterprise staff | From Page: B3

    Vet Med Large Animal Clinic has a new director

    By Special to The Enterprise | From Page: B3

     
    Party celebrates release of Lescroart’s new novel

    By Enterprise staff | From Page: B3

    Grace Valley hosts open house

    By Special to The Enterprise | From Page: B3

     
    Indoor Fun Fly comes to Woodland

    By Enterprise staff | From Page: B3

    Learn to use walking poles effectively

    By Enterprise staff | From Page: B3

     
    Davis families take a spin at the Loopalooza

    By Anne Ternus-Bellamy | From Page: A7 | Gallery

    Davis Municipal Fiber will give people a choice

    By Enterprise staff | From Page: A8

     
    Independent study enrollment underway

    By Enterprise staff | From Page: A8

    Faulkner featured at Poetry Night on Thursday

    By Special to The Enterprise | From Page: A8

     
    Got bikes? Donate ‘em!

    By Enterprise staff | From Page: A8

    Sunset Rotary hosts Thursday-afternoon bingo

    By Enterprise staff | From Page: A8

     
    Winters agri-tour visits Four Winds Nursery

    By Enterprise staff | From Page: A8

    Fresh cherries at Sutter market

    By Enterprise staff | From Page: A8 | Gallery

     
    Pets of the week

    By Enterprise staff | From Page: A8 | Gallery

    Speakers cancel for health reasons

    By Enterprise staff | From Page: A8

     
    Special KDRT broadcast celebrates Grateful Dead’s 50 years

    By Special to The Enterprise | From Page: A9

    Tour de Cluck participants can get here by train

    By Special to The Enterprise | From Page: A10

     
    Dance, dance, dance for a great cause

    By Wayne Tilcock | From Page: A10

    Information offered on city tax refund program

    By Enterprise staff | From Page: A10

     
    Monthly tour set at Yolo Bypass Wildlife Area

    By Special to The Enterprise | From Page: A10 | Gallery

    .

    Forum

    Think long and hard about our town’s future

    By Special to The Enterprise | From Page: B4

     
    Whom will our council represent?

    By Michelle Millet | From Page: B4

    Weeds pose a threat to pets

    By Letters to the Editor | From Page: B4

     
    Is your bike waiting for you?

    By Letters to the Editor | From Page: B4

    Tips to reduce student stress

    By Letters to the Editor | From Page: B4

     
    John Cole cartoon

    By Debbie Davis | From Page: B4

    New rule: No dough, no art

    By Creators Syndicate | From Page: B5

     
    Ready to cut her off

    By Creators Syndicate | From Page: B5

    .

    Sports

     
    DHS celebrates Senior Day with a fun victory

    By Chris Saur | From Page: B1 | Gallery

     
    Visiting Eagles edge Blue Devils

    By Spencer Ault | From Page: B1 | Gallery

    Majors roundup: Thompson, D’Angelo lead Brew Crew rally

    By Enterprise staff | From Page: B2 | Gallery

     
    UCD roundup: Aggies baseballers fall in 13 innings

    By Enterprise staff | From Page: B12

     
    .

    Features

    .

    Arts

    Student filmmakers showcased at UCD Festival

    By Special to The Enterprise | From Page: A11

     
    Stellar acting brings home Capital Stage’s dark comedy

    By Bev Sykes | From Page: A11 | Gallery

    Student choreographers, dancers stage festival at UC Davis

    By Special to The Enterprise | From Page: A11 | Gallery

     
    From Bach to rock, Regal Beezers will entertain

    By Special to The Enterprise | From Page: A11 | Gallery

    .

    Business

    .

    Obituaries

    Emma Sallie Wing Hale

    By Enterprise staff | From Page: A8

     
    Robert Simpson Loomis

    By Special to The Enterprise | From Page: A8

    .

    Comics

    Comics: Tuesday, May 5, 2015 (set 1)

    By Creator | From Page: B5

     
    Comics: Tuesday, May 5, 2015 (set 2)

    By Creator | From Page: B7