Overall hiring is expected to increase 3 percent, with bachelor’s-level and MBA-level hiring both surging 10 percent, said Phil Gardner, director of MSU’s Collegiate Employment Research Institute, which conducted the survey of some 4,600 employers.
Geographically, the Great Lakes region, which took the brunt of the recession, will see a robust 13 percent increase in bachelor’s-level hiring, which is tops in the nation, Gardner predicts. The region consists of Illinois, Indiana, Michigan, Ohio and Wisconsin.
But the good news should be taken with a word of caution, Gardner said. An uptick in job growth is simply the first step out of a very deep hole, he said, and hardly represents a return to the heady economic days of the late 1990s and early 2000s.
“The national economy is certainly not returning to its previous high production base,” Gardner said. “And even though the economy has shown early signs of sustained recovery, the overall job market has remained relatively anemic.”
From an industry perspective, hiring will be driven by a core group of employers in manufacturing, professional services, large commercial banking and the federal government, the annual survey found.
Gardner said smaller banks that didn’t receive federal bailout money will continue closing their doors and slashing positions. And unlike the projected growth in federal government hiring, state governments and colleges and universities could see a drastic reduction in hiring, he said.
While mid-size companies (500 to 3,999 employees) will continue shedding positions, Gardner said large companies (at least 4,000 employees) plan to hire 114 bachelor-level employers per company next year.
That’s good news for graduates – but only if they are prepared and start working toward a position early in their college careers, said Kelley Bishop, MSU’s career services director.
Typically, Bishop said, large corporations now hire about 50 percent to 75 percent of new employees from their own intern pool.
Among the fast-growth companies (nine to 100 employees), hiring is expected to increase 19 percent, the survey said.
“These fast-growth companies in many ways represent the new economy – that bold employer that can adjust quickly, that sees a niche and runs with it,” Bishop said. “This is an important group for our students getting jobs.”
Other details of the report:Hiring is expected to decline for those with associate, master and professional degrees, with professional-degree hiring seeing the biggest drop at 13 percent. The professional category includes law, medical and veterinary degrees.
The Northeast, Southeast and Pacific Northwest could see a much weaker expansion of jobs than the Midwest.
For the past two years, starting salaries have remained stagnant for college graduates. “Remember the words ‘signing bonus?’” Gardner said. “Don’t expect to hear them again anytime soon.”
Some 36 percent of all companies said they’d consider any major for a position – an all-time high. “Most employers are out there are looking for the best candidate they can find, regardless of major,” Gardner said.
Media note: For reporters and editors wanting a copy of Recruiting Trends 2010-11, contact Andy Henion at email@example.com. All others can contact Phil Gardner at firstname.lastname@example.org
Michigan State University has been advancing knowledge and transforming lives through innovative teaching, research and outreach for more than 150 years. MSU is known internationally as a major public university with global reach and extraordinary impact. Its 17 degree-granting colleges attract scholars worldwide who are interested in combining education with practical problem solving.
Phil Gardner | EurekAlert!
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
For the first time ever, scientists have determined the cosmic origin of highest-energy neutrinos. A research group led by IceCube scientist Elisa Resconi, spokesperson of the Collaborative Research Center SFB1258 at the Technical University of Munich (TUM), provides an important piece of evidence that the particles detected by the IceCube neutrino telescope at the South Pole originate from a galaxy four billion light-years away from Earth.
To rule out other origins with certainty, the team led by neutrino physicist Elisa Resconi from the Technical University of Munich and multi-wavelength...
For the first time a team of researchers have discovered two different phases of magnetic skyrmions in a single material. Physicists of the Technical Universities of Munich and Dresden and the University of Cologne can now better study and understand the properties of these magnetic structures, which are important for both basic research and applications.
Whirlpools are an everyday experience in a bath tub: When the water is drained a circular vortex is formed. Typically, such whirls are rather stable. Similar...
Physicists working with Roland Wester at the University of Innsbruck have investigated if and how chemical reactions can be influenced by targeted vibrational excitation of the reactants. They were able to demonstrate that excitation with a laser beam does not affect the efficiency of a chemical exchange reaction and that the excited molecular group acts only as a spectator in the reaction.
A frequently used reaction in organic chemistry is nucleophilic substitution. It plays, for example, an important role in in the synthesis of new chemical...
Optical spectroscopy allows investigating the energy structure and dynamic properties of complex quantum systems. Researchers from the University of Würzburg present two new approaches of coherent two-dimensional spectroscopy.
"Put an excitation into the system and observe how it evolves." According to physicist Professor Tobias Brixner, this is the credo of optical spectroscopy....
Ultra-short, high-intensity X-ray flashes open the door to the foundations of chemical reactions. Free-electron lasers generate these kinds of pulses, but there is a catch: the pulses vary in duration and energy. An international research team has now presented a solution: Using a ring of 16 detectors and a circularly polarized laser beam, they can determine both factors with attosecond accuracy.
Free-electron lasers (FELs) generate extremely short and intense X-ray flashes. Researchers can use these flashes to resolve structures with diameters on the...
13.07.2018 | Event News
12.07.2018 | Event News
03.07.2018 | Event News
19.07.2018 | Earth Sciences
19.07.2018 | Power and Electrical Engineering
19.07.2018 | Materials Sciences