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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 »

Hunger Striking New Lawyer Says, “A Law Degree Does Not Guarantee Employment”

Dissafected, unemployed law school grads are raising a huge stink about about being misled by law schools. One blogger, Ethan Haines, is going on a hunger strike to bring attention to the situation. Today's Inside Higer Ed has the scoop on all the controversy. The abridged version is thus: Law degrees are expensive and law schools are not being honest about the putrid job market for new lawyers. Be very careful before investing $50-200,000 on a law... 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 »

More Nonsense About MBA Salaries

Business Week is adding suspicious fuel to the fire in the argument about the value of Business School.  Citing non-scientific, user-submitted salary data from Payscale is the first clue as to the dubious-ness of the massive salaries earned by MBAs from top business schools.  Second, even if the data were true, historical performance is no indicator of future success.  Just ask the MBAs from the Class of 2010.  Offers are way down and salaries are too. In the last month, we've received feedback regarding  job offers and salaries from contacts at MBA programs at UTexas-Austin, Yale, Babson, and Georgetown.  While this is not scientific data either, we've heard the same thing from all:  few job offers and much lower than... Read More »

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