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Empolyer outlook

In a recent study, employers have said that they are likely to be 12 percent more graduates this year than last year. It is the first projected increase since the year 2000. In another study, a projected 60 percent of US businesses plan to employ the same number of graduates this year as with last year. That is an increase of fifty-five percent from last year, according to the CERI (Collegiate Employment Research Institute) at MSU.

Some studies indicate that US Corporations and businesses will employ more graduates with a bachelor’s degree in business, biological and physical sciences; and those with construction management, engineering degrees, health care and accounting will also experience an increase in hiring from their ranks. Other fields will have a slight decline.

Expert advice

On the average, companies are hiring forty three percent of its interns to fulltime and regular positions. The expected increase in the hiring of graduates coincides with an expected growth forecast of the economy next year according to a recent survey by the Federal Reserve Bank. A lot of companies are coming out of a slump and are now hiring their interns and looking for more. A lot of companies are also posting jobs and coming to different campuses on recruiting tours.

Most experts advise that during the holidays, whether you’re looking for permanent employment or internship, it is a good time to step up your search. Take advantage of the holiday events you’re going to attend, discuss what you’re looking for and your goals. Businesses don’t want to be flooded with calls and faxes of resumes. They will probably rely on word-of-mouth to get a handful of candidates and the holidays are a perfect time to network.

What to expect

Companies will hire more students earning bachelor’s degree in business and management, physical and biological sciences. Engineering, health care and accounting degrees also would experience an increase. Other degrees will experience a decrease in hiring

Businesses expect to employ about the same volume of MBAs this year as last year. Businesses have found employees with bachelor’s degrees being able to do some work being done by MBAs.

It will be harder for graduates with computer science degrees to find work.

Companies are more likely to employ students who have undergone internships. The work experience, they say, makes a lot of difference. Federal agencies will employ more graduates but not nearly enough to offset the decrease in hiring by the state and local government agencies.

On average, starting salaries will increase by 1 to 2 percent.