Is College Job Market Starting to Thaw?

Posted by: Louis Lavelle on March 31, 2011

More good news on the undergraduate job front: the latest polling results indicate that employers plan to make big increases in the number of college students they hire this year, both for permanent full-time jobs and internships.

The National Association of Colleges and Employers (NACE) is reporting that employers now expect to hire a whopping 21 percent more new college graduates this year than they did last year, up from an expected 13.5 percent increase reported in August. The survey concerned undergraduate hiring only; it covered all majors, not just business.

At the same time, NACE says surveyed employers plan to hire 7 percent more college interns for 2010-11 than they did for 2009-10, with 93 percent of employers saying they planned to hire interns this year. Salaries for interns will remain stable, NACE says, with undergraduates earning an average of $16.68 an hour and graduate students earning an average of $24.21.

NACE didn’t report which industries are generating the demand for interns and full-time hires, and which majors will be the big beneficiaries. If you’re a college student (or recent graduate) in the market for a summer internship (or full-time job) let us know what you’re seeing on the job front—continued bleakness or signs of a thaw.

Reader Comments

Henna

March 31, 2011 1:37 PM

I am a recent college graduate. I finished school in May 2010 and landed a full-time job in February. I definitely see signs of a thaw for business majors. I can't speak for the other fields.

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