The Job Outlook for the Class of 2003

1
The Job Outlook for the Class of 2003
2
Outlook For 2003
What Well Cover

• Job Market for New College Graduates
• Whos in Demand?
• Preferred Methods of Hiring
• Maintaining a Program During Times of
  Reduced Hiring Needs

3
The job market for new college graduates
Outlook For 2003
Hiring Projections

• By Sector
• Manufacturers plan to cut by 6
• Service employers plan to cut by 2.4
• Govt/Nonprofit plan to hire the same amount as
  last year

Overall, employers plan to cut back hiring of new
college graduates by 3.6 percent this year
4
The job market for new college graduates
Outlook For 2003
Best Bets, Worst Bets For New College Students
Best Bets Food Beverage Processing
Manufacturers Merchandising Firms Accounting
Firms Utilities Companies Computer Software
Development Data Processing Services
Worst Bets Financial Services Firms Automotive
Mechanical Equipment Manufacturers Communicati
on Services Firms Computer Business Equipment
Manufacturers
5
The job market for new college graduates
Outlook For 2003
Employer intentions for on-campus recruiting
during Spring 2003
6
The job market for new college graduates
Outlook For 2003
Analysis By Region-Projected College Hires
11.2
Northeast
Southern
Western
Midwest
-8.1
-1.5
-15.7
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The job market for new college graduates
Outlook For 2003
Northeast

Spring recruiting plans
76 plan to recruit on campus.
Targeting business
administration, electrical engineering,
mechanical engineering, accounting, and computer
science majors Midwest

Spring
recruiting plans 70 plan to recruit on
campus.
Targeting accounting, economics/finance, business
administration, mechanical engineering, and
computer science majors South


Spring recruiting plans More than 73
plan to recruit on campus.
Targeting business administration, accounting,
mechanical engineering, economics/finance, and
electrical engineering majors West


Spring recruiting plans More
than 80 plan to recruit on campus.
Targeting electrical engineering,
computer science, business administration,
computer engineering, and mechanical engineering
majors.
8
Whos In Demand?
Outlook For 2003
Top Degrees In Demand

• Doctoral Level
• Electrical Engineering
• Computer Engineering
• Chemistry
• Chemical Engineering
• Physics
• Mechanical Engineering

• Bachelors Level
• Accounting
• Business Administration
• Electrical Engineering
• Economics/Finance
• Mechanical Engineering
• Computer Science
• Information Sciences
• Marketing Management
• Management Info Systems
• Computer engineering

• Masters Level
• M.B.A.s
• Electrical Engineering
• Mechanical Engineering
• Computer Science
• Computer Engineering

9
Whos In Demand?
Outlook For 2003
Whos Hiring? (Bachelors level)
Major most
interested
of
employers

respondents Accounting..accounting
services.. 100

utilities... 80

financial services...
67 Business admin...merchandisers
. 79
food/beverage process
.mfg....... 70
financial
services.... 58 Electrical
Engineering.Electrical./electronic machinery
equip. mfg... 90
Utilities
.... 80
Government
(federal)......70 Mechanical
Engineering.Utilities.
90
engineering/surveying..
64
electrical/electronic machinery
equip. mfg. 62
Government
(federal). 62 Economic/Finance
..Financial services.. 75

Utilities...... 70

Merchandisers .63

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Whos In Demand?
Outlook For 2003
Associate Degree Candidates
Overall Projections 27.8 of employers plan to
hire associate degree candidates this year (down
from 33.3 last year) By Sector
Government/Nonprofit Employers 40.7 plan to
hire associate degree candidates Service
employers 27.6 plan to hire associate degree
candidates Manufacturing Employers 26.8
plan to hire associate degree candidates Best
Bets Insurance companies Utilities
companies Electrical Electronic Machinery
Manufacturers Salary Projections Engineering
Technology(includes civil, computer, electrical,
mechanical engineering technology) Average
salary expected 39,417 Increase over last
year 2.2 Business (Includes accounting,
general business, marketing , and
telecommunications) Average salary expected
29,500 increase over last year 0.6
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Whos In Demand?
Outlook For 2003
International Students
Overall Projections 23.7 of employers plan to
hire international students for full-time
permanent positions in the U.S. this year
(down from 34.1 last year) By Sector
Government/Nonprofit Employers 7.4 plan to
hire international candidates Service
employers 28.9 plan to hire international
candidates Manufacturing Employers 19.8
plan to hire international candidates Best Bets
Engineering/Surveying Firms Electrical
Electronic Machinery Manufacturers Computer
Software Development Data Processing Services
Firms
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Whos In Demand?
Outlook For 2003
Employers rate the importance of candidate skills
Communication Skills
4.7 Honesty/Integrity .
4.7 Teamwork skills
4.6 Interpersonal skills
4.5 Motivation/Initiative .
4.5 Strong Work ethic .
4.5 Analytical skills
4.4 Flexibility/Adaptability .
4.3 Computer skills .
4.1 Organizational skills .
4.1 Detail oriented ..
4.0 Leadership skills
4.0 Self-confidence .
4.0 Friendly/Outgoing
3.9 Tactfulness 3.8 Well
mannered/Polite .. 3.8 GPA (3.0 or
better) .. 3.7 Creativity
... 3.6 Entrepreneurial/Risk
taker . 3.3 Sense of humor
. 3.3
Top Qualities Skills Employers Look for in New
Graduates
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Whos In Demand?
Outlook For 2003
Top Skills Lacking In New Graduates

• Communication Skills
• Maturity/business etiquette
• Unrealistic expectations/work ethic
• Interpersonal skills
• Teamwork skills

14
Whos In Demand?
Outlook For 2003
Employers Give Advice to Students

• Research, research, research
• Be open-minded
• Gain relevant work experience

15
Preferred hiring methods
Outlook For 2003
Employers Most Effective Recruiting Methods

• Organizations internship program
• Organizations co-op program
• On-campus recruiting
• Employee referrals
• Career/job fairs

16
Preferred hiring methods
Outlook For 2003
Benefits of Experiential Education
Conversion Rates Interns 31.9 Co-ops
33.6 Percent of Respondents With Intern
Programs 79.8 Co-op Programs 39.6 Percent
of Hires With Internship Experience 54.2 Co-op
Experience 25.2
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Maintaining a program
Outlook For 2003
For Employers Strategies for gaining upper
management support for your program

• Outline past successes
• Offer hard data
• Outline the consequences of eliminating your
  college program
• Focus on the future

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Maintaining a program
Outlook For 2003
Benefits of
Respondents that
identified this as a benefit
Opportunity to mold future leaders of the
organization 88
New grads have cutting edge skills

51.9 Easier to identify a diverse

applicant pool
35.4 Easier to fill positions
because
students are centrally located
21.2 New college grads will accept lower
salaries
than experienced college grads 21.2

Benefits of Hiring New Graduates
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Maintaining a program
Outlook For 2003
Employers Effectiveness of activities to
maintain your image on campus Participate in
campus career days/fairs, open houses, site tours
3.9 Provide info about your
organization through company web site...
3.9 Offer info sessions
3.6 Visit with faculty for informal exchange of
information. 3.4 Participate in
programs for student clubs, fraternities,
sororities 3.4 Offer experiential
education programs
3.3 Participate in conferences for career
services officers and faculty .
3.2 Sponsor hospitality-oriented events for
students, organizations,
faculty and career center staff
.. 3.2 Offer a speakers bureau, lecture
series, and/or seminars, to student and/or
faculty group. 3.2 Offer
resume critiques..
3.0 Participate in mock interviews
. 3.0 Provide scholarships and/or
grants.. 3.0
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Maintaining a program
Outlook For 2003
How Career Services can help employers

• Ask what you can do to help
• Provide info about opportunities available
  through your office as well as other campus
  departments and organizations
• Help employers get out the message out to all
  campus offices and students
• Let employers know where they will get the most
  bang for the buck on your campus