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April 29, 2013

Things are Looking Up for 2013 College Grads!

Filed under: General HR Buzz3:19 pm

I’m always interested in hearing what the outlook is for college graduates.  In the recent years due to the downturn in the economy, the outlook hasn’t been too bright but the last couple of years have indicated a stronger job market.  That’s good news for recent graduates, employers, and those parents who have been investing money in their child’s education with the hopes of securing a steady job (and being removed from mom and dad’s payroll).

The annual Harris Interactive© nationwide survey, conducted from February 11 to March 6, 2013, indicated that more than half (53%) of US employers plan to hire recent college graduates in 2013.   This represents a significant increase from 2010 where only 44% of employers reported the same.

You may be wondering how this varies by industry, so here are the stats:

  • 65% – Information technology employers
  • 63% – Financial service employers
  • 56% – Health care employers

What kind of earnings can a new college graduate anticipate these days?  It seems to be fairly evenly distributed between $30k to > $50k:

  • 25% – Less than $30,000
  • 29% – $30,000 to < $40,000
  • 20% – $40,000 to < $50,000
  • 25% – $50,000 and higher

The top areas for college graduates are focused primarily in two areas:  front-line customer and client facing roles (such as customer service and sales), and jobs that require specific technical knowledge such as IT, finance, or health care.

The survey, conducted by Harris Interactive© on behalf of CareerBuilder, interviewed over 2,000 hiring managers and human resource professionals.  Although the jobs are increasing, it still is a competitive market so new grads should remember to network, do homework on the company they are interviewing with, and also include “non-work” experience in their resume such as internships, volunteer work, and involvement in outside activities.  Welcome to the work world, 2013 graduates!

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