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How to Overcome the ‘Curse of the Class of 2009’

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Posted by Libraries, September 30, 2009
View all posts for September 2009

I hesitated to blog on this article for fear that its negative news might be too discouraging. This fascinating article by Sarah Murray was found in the Career section of the Wall Street Journal and its message on the career prospects of this year’s graduating class is not short of frightening. However, besides being really interesting, the article is worth the read for its positive spin and advice. Plus, it might be comforting to know that if you are caught struggling in this job market – it’s not you - things really are tough!

In a nutshell, this article reports on the career implications that are entailed when graduating during a recession. Research from the 1980s recession reveals that entering the workforce during a downturn can have lasting effects on your career. This is especially the case with regards to your expected wages. During an economic slump there tends to be fewer good opportunities and graduates end up accepting jobs with lesser pay, and less prestige. Sometimes this results in a decreased rate of skill attainment and a slower climb in salary for several years.

According to the National Association of Colleges and Employers, employers report that they will hire 22% fewer college graduates this year. Meanwhile, colleges are expected to turn out the highest number of college graduates in 10 years.

All this being said, the reference assistants at the CRL have little time for doom and gloom. We have lots of creative tools for you to combat this supposed curse. And this is definitely the time to use them! For example, have you considered grad school? Perhaps entrepreneurship is a route you will take. And of course, mastering your networking skills and polishing up on your career etiquette are always highly recommended. So don’t be a fatalist – do what you can to steer your own future.

The Career Resource Library is located at One Palace Road, Room P304E. Come by for all sorts of career information. We have great books and lots of online material. For reference appointments, give us a call at 617-521-2515, or email us as crl@simmons.edu. We’ll be happy to set up a session for you.

blogged by Julie Waddick