Tuesday, October 26, 2010

Internship or Move Home...

By Miguel Pinto, Campus Representative, Florida International University

As we all know, finding a job after college in your particular field within the first three months is pretty tough.

In a recent article in the Baltimore Sun referenced the following stats:

- 80% of college graduates moved back home following their respective graduation. A 17% increase from 63% in2006. Most of these “move backs” were not by choice. They were the result of very few jobs openings and an excessive amount of applicants for those positions.

- It is estimated that for every job opening there is an average of 70 applicants. When you do the math, it gives each candidate a 1.43% chance of landing the job.

- Another frightening fact, the 14.7 percent unemployment rate for those ages 20 to 24 remains double than what it was in 2007, and is 50 percent higher than that of the overall population. (Note: The percentage of unemployed college graduates is not 14.7 percent. That’s the total percentage of people in that age group who qualify for unemployment benefits.)

On a more positive note, if you are a “lucky” student who has an internship, your job outlook is a staggering 65% higher than those who have not held one. In today’s job market, employers are looking for candidates who have experience in the field. As the old saying goes, “It is not how much you know but who you know”. Experience, experience, experience! This is what employers are looking for. By interning at a workplace, you are only giving yourself an upper hand in the post college job search. The question then becomes -"How do I land that great internship?"

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