First Jobs, Last Words

Posted by: Louis Lavelle on September 14

For a little more than a year now, the First Jobs blog has been bringing you news, opinion, and features (Job Hunter's Toolbox, Best of the Web, and The Good, the Bad, and the Ugly). But like all good things, this too must end. This will be the last post on the First Jobs blog.

In an attempt to pare the BusinessWeek blogosphere down to size, First Jobs and a few other blogs are being eliminated. You can continue to stay up to date on all the news and trends of importance to young job seekers at the Managing Channel.

This blog was born as part of BusinessWeek's annual Best Places to Launch a Career ranking. BusinessWeek will contintue to publish the ranking and all the related content you've become accustomed to over the years. We hope you continue to find it provocative and useful.

More Depressing News For Grads (Unless You're An Engineer)

Posted by: Lindsey Gerdes on September 11

The National Association of Colleges and Employers (NACE) has some depressing news for 2009 grads. Apparently, their salaries are down 1.2% from last year, according to data from career services offices nationwide.

This doesn't seem particularly substantial until you consider the fact that the norm is at least a slight increase year over year and decreases are almost unheard of. In 2008, for instance, salaries actually increased 7.6% over 2007 grads' pay. Furthermore, less than 20% of grads had a job at the time of graduation.

One bright spot? Average starting salaries for engineering grads actually increased 4.2% to $59,670 in 2009. Freshmen and sophomores, it may not be too late to change your major..

Bad Economy Hasn't Changed Gen Y's Desire For Work/Life Balance

Posted by: Lindsey Gerdes on September 03

Apparently students still value work-life balance above all else when listing top characteristics of an ideal entry-level employer, placing it well above other factors such as salary and meaningful work.

This according to Tracy Lynn Drye, the Senior VP of Employer Branding & University Relations at Universum USA, the research firm BusinessWeek partners with for the student data portion of our Best Places to Launch a Career ranking.

Drye says that work/life balance usually drops on students' lists of priorities during recessions, but not this time around. "I think this goes back to the fact that this generation is not afraid to ask for what previous generations didn't," says Drye. "They want more work/life balance and more flexibility and the ability to work on their own time and their own hours."

But right now aren't people more concerned with getting a job in the first place and having some security? It would seem that work/life balance would be the last thing on their minds. Or that it should be, at least..

If these statistics are true (Universum surveyed over 60,000 undergrads about the most important characteristics of ideal employers), they seem to play into the stereotype of Millennials/Gen Y as a rather entitled, spoiled group of young workers.

However, one could also argue that having balance in one's life actually improves effectiveness and is a much more realistic goal in this era of internet and cell phones because it's far easier to have flexibility that eluded prior generation.

Your thoughts?

Women's Networks Get Mixed Reviews From Female MBAs, Young Professionals

Posted by: Lindsey Gerdes on July 14

I've always had mixed feelings about women's organizations. On one hand, they're undeniably effective networking tools and experienced female mentors can provide a valuable source of information and advice when you're starting out in your career.

On the other hand, I've always worried about being pigeonholed or limited by basing my identity on gender first.

Continue reading "Women's Networks Get Mixed Reviews From Female MBAs, Young Professionals"

Stimulus Package Positions

Posted by: Lindsey Gerdes on July 10

By: Anne Vandermey

A lot of ink has been spilled about the “shovel-ready” construction projects that will be funded by the $787 billion stimulus package now winding its way through the legislature. But what you might not know about are the many white-collar, entry-level jobs that will also be created by the coming wave of federal dollars.

Continue reading "Stimulus Package Positions"

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Read daily reports and special features from BusinessWeek editors and reporters Lindsey Gerdes and Louis Lavelle about companies, careers, and other topics of interest to young professionals.

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