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As seniors finish up their final days of their undergraduate college career and prepare for their graduation, an abundance of questions lurk over many of their heads: what’s next? How does one translate their undergraduate education into something tangible, something that can actually make an impact on a company? Moreover, which companies hire the most college graduates, and what are some of the most popular entry level jobs? If these questions are on your mind, don’t worry, we have the answers for you.
Firstly, we realize that finding your first job can be very stressful and may take a long time, but everyone finds their fit eventually. Further, you may be hearing about how difficult it is for Millennials to find jobs in today’s market; however, this isn’t entirely true. In a study conducted by Forbes, optimism for hiring grew more than last year with 83% of employers indicating that the labor market for college graduates is either “good” or “excellent,” which is three percentage points higher than last year’s hiring outlook. Additionally, this has marked a percentage point increase for the seventh straight year and companies of all sizes stated a stronger hiring outlook, on average.
On top of the hiring outlook, Time reports that the class of 2016 graduates’ average starting salary was just under $53,000, and this number is expected to grow for the following years. They also identified that companies pay the most to students graduating with an engineering or math degree: in a study conducted by Time MONEY, 16 of the 35 top-paying jobs included some sort of engineering field. Furthermore, the Bureau of Labor Statistics reports that our economy needs approximately 1 million more STEM professionals than the United States will produce over the next decade, which portrays the need for STEM degrees in the labor force.
However, we understand that the majority of college graduates are not so technically focused in their studies, so don’t fret. According to LinkedIn, the most popular companies for recent college graduates include Deloitte, EY, PwC, Amazon, Target, and Lockheed Martin. At such companies, the most popular entry level jobs include Business Analysts, Account Managers, Software Engineers, Consultants, Staff Accountants, and Investment Banking Analysts. So, whether you leave college with an engineering degree or liberal arts major, there is a job that will match your skillset!
If you’re still searching for a job, a great place to start your search is within the professional services industry. Companies such as Deloitte and PwC keep hiring more college graduates as Accountants and Analysts each and every day. It is no surprise that this industry makes up 20.3 million jobs, or 14% of all non-farm jobs in the U.S. economy, per Forbes. However, the news gets even better: because the professional services industry encompasses jobs from accounting to engineering services to management consulting, employers are expecting to hire 19% more people over the next year than the last year. Other industries that are expected to hire more people this year include construction, administrative services, finance, and insurance. Again, no matter your college degree, a vast variety of industries are hiring college graduates.
As you continue your job search, it is important that you stay focused on making yourself the best that you can be. According to Business Insider, while searching for a job, you must continually tweak and tailor your resume to match whichever company you are applying to. Depending on the industry that you are applying to, the “perfect” resume may look different than what you have. Therefore, a quick Google search can show you how you can change your resume to reflect what your employers are looking for. Furthermore, network, network, and network! Reach out to family members, friends, and even friends of friends that could potentially set you up with an employer looking for candidates. You never know who could help you find a job, so keep networking and connecting with people!
While you edit your resume and network with professionals, another great resource to assist you with your job search are recruiters. Here, at Collabera, our recruiters devote their time to finding you a job, and they will not stop until they find you what you’re looking for. Our recruiters work hand-in-hand with our clients and know the different skills they are looking for. They will help you find the right job that matches all of your personal preferences and specifications. If you’re interested in speaking with a Collabera recruiter, you can contact them at firstname.lastname@example.org. Kickstart your job search today with Collabera by your side!