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It’s a Rough Job Market for College Grads in 2014

Accenture, a global leader in management consulting, has published their 2014 College Graduate Employment Report. The employment prospects for recent college grads are still quite bleak.  Even amongst those who graduated in 2012 and 2013, steady and fruitful employment has not yet been acquired by most. Here are some of the highlights:

• 26% of 2012/2013 college grads are making less than $19,000
• 13% of 2012/2013 College Grads have been unable to find a job since graduation
• 46% of 2012/2013 grads are underemployed in 2014, a 5% jump since last year
• 42% of 2012/2013 college grads are living at home w/parents
• Only 21% of employed 2012/2013 college grads are earning more than $40k

Clearly, the lingering affects of... Read More »

If You Think a College Degree Is an Automatic Ticket to Jobs, You Are Mistaken.

Study says 85% of college graduates are moving back in with mom and dad.  Recent Department of Labor employment numbers show near 50% of under 25 year olds unemployed.  Your college and career plans are not working.  Please get expert advice before blindly spending $50-200,000 on an undergraduate... Read More »

Things Are Tough All Over, Part 1,998,753

Two articles of note this morning from NY Times and the Houston Press: In response to tough job market, law schools are inflating grades.  Law students are seeing their grades rise by as much as one grade point as schools adjust their grading systems to make graduates more attractive to hiring managers.  This seems like an awfully crass method of responding to the Great Recession. The odds of this making any difference in potential hires is low and the cost to law school reputations are high.  So why would schools such as UT-Austin and Georgetown play such a devious game? In the Houston Press, Rice University's Shannon Franklin, assistant director of the Jones Graduate School of Business, talks about the... Read More »

Latest Stats on Class of 2010 Show Slight Improvement in Job Market

According to the National Association of Colleges and Employers, only 24.4% of the class of 2010's college grads had jobs upon graduation. Those are not exactly stellar numbers nor a great return on a college education.  However, this is an uptick over last year's job numbers, when only 19.7% of the class of 2009 had jobs upon graduation from college.  Missing from these job statistics are any indication of the quality of the jobs being offered to recent college graduates. I have no data to back this up, but my intuition is that actual hiring for "career oriented jobs" (i.e. those not in retail or restaurant sectors) is flat, with total job numbers up only because more grads are... Read More »

Moving In With Mom and Dad After Graduation

Yesterday's Baltimore Sun reported on the epidemic of college grads moving back in with mom and dad after graduation.  A survey of the Class of 2010 college graduates reported that 7 out of 10 will move in with parents after graduation. But more significant than the short-term inconvenience of living at home again is the real struggle to find a job and start an adult life. Read More »

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