college graduates

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Hordes of Chinese Grads Battle for Scant Jobs

Long hours, tight quarters for members of 'ant tribe'

(Newser) - The number of Chinese college graduates has soared in the past decade—but there aren’t enough white-collar jobs to sustain the highly-educated young population, reports the New York Times . Traveling en masse to big cities, working six-day weeks, and living packed into cramped quarters, young graduates have earned themselves...

US Sinks Like a Stone in College Grad Rankings
 US Sinks Like a Stone 
 in College Grad Rankings 
From No. 1 to No. 12
Jul 22, 2010 8:48 AM CDT

US Sinks Like a Stone in College Grad Rankings

Now in first place: Canada

(Newser) - So along with chronic social networking and oversharing, America's newest generation of young adults has another distinction: Possibly the first to be less-educated than their parents. The US has plummeted from first to 12th place among nations with the highest percentage of 25- to 34-year-olds with a postsecondary degree. Blame...

Welcome to the Real World; It Stinks
 Welcome to the 
 Real World; 
 It Stinks 
joe queenan
May 17, 2010 1:56 PM CDT

Welcome to the Real World; It Stinks

Class of 2010 has dim prospects and unrealistic expectations

(Newser) - A meeting with a childhood friend of his twentysomething son—an Ivy League grad making $250 a week as an intern with a street fair—got Joe Queenan thinking. His inescapable conclusion: the millennials are screwed. "With the obvious exception of youngsters born during the Great Depression," Queenan...

Congrats on Graduating&mdash; Now Life Really Starts to Suck
Congrats on Graduating—
Now Life Starts to Suck
commentary
May 11, 2010 11:33 AM CDT

Congrats on Graduating— Now Life Starts to Suck

Today's the day your student loans start collecting interest!

(Newser) - If you're a graduating college senior who didn't get to hear the president warn you about iPads, never fear: Teddy Wayne has some words of wisdom for you. But first, congratulations: "Your reward is here: compulsory, harder work for the next 40 years!" And don't worry, 18th-century French...

US Business School Grads Seek Work Abroad

Overseas opportunities lure MBAs away from Wall Street

(Newser) - Exports of American business school graduates are soaring as the recession turns grads away from the traditional path to Wall Street. Taking a post abroad generally means a lower salary, but grads from some of the country's top business schools say the career boost from working in thriving foreign economies...

Forget Fetching Coffee: Interns Work From Home

'Virtual internships' take among small business

(Newser) - Companies have long used internships to avoid paying young people, but increasingly they don't want to see their interns at all. "Virtual internships," where recent grads do research and sales or work with social media from home, has expanded from an unheard-of practice to "something almost every...

US Grads Turn to China
 US Grads Turn to China 
Aug 11, 2009 5:41 AM CDT

US Grads Turn to China

(Newser) - Large numbers of American graduates shut out of the job market at home are turning to the East for opportunities, the New York Times reports. A surge of young Americans have left to try their luck in Shanghai and Beijing in recent years, attracted by the strong economy and the...

'09 Grads Picky Despite Grim Jobs Market

Below-par jobs rejected as grads wait for economy to rebound

(Newser) - Many of this year's college grads are confounding career advisers by rejecting suggestions that they can't afford to be choosy about what job to take in a recession, the New York Times reports. The grads say they don't want to be forced into less-than-ideal jobs and career paths by economic...

Kwan, Hughes Skate On to College Diplomas

(Newser) - Figure-skating champions Michelle Kwan and Sarah Hughes both had to step outside the rink to land their latest accomplishment—graduating from college. Five-time world champ Kwan, 28, received a Bachelor's degree in international studies with a political science minor from the University of Denver. Hughes, meanwhile, completed a degree in...

Michelle to California Grads: We Need You

First lady exhorts public service as 12K attend speech to 500 grads

(Newser) - While her husband’s commencement speeches were plagued by controversy, Michelle Obama received adoration from graduates at the University of California, Merced, the San Francisco Chronicle reports. During a 29-minute address on a 100-degree day, the first lady encouraged graduates to pursue public service careers. “We are going to...

Funny Fallon Picks Up Degree

(Newser) - Jimmy Fallon performed 20 minutes of stand-up today and walked away with two college degrees, the Albany Times Union reports. Receiving a bachelor of arts and an honorary doctorate 17 years after entering the College of Saint Rose in upstate New York, the Late Night host kept fellow grads laughing...

College Grads Face Years of Lower Wages

Economists pile on the bad news for the struggling class of '09

(Newser) - The recession will mean paltry pay for the Class of '09 for many years to come, economists tell the Wall Street Journal. College grads are entering the toughest labor market in 25 years and competition is driving down starting wages for those lucky enough to land jobs, an effect research...

Jobless China Faces Grad Glut
 Jobless China Faces Grad Glut 
Apr 28, 2009 10:53 AM CDT

Jobless China Faces Grad Glut

(Newser) - In recent years, the sight of an unemployed college graduate in China was as rare as a panda. But up to one third of last year's 5.6 million college graduates remain jobless, the Wall Street Journal reports. After years of the country's mostly state-run universities upping enrollment by as...

Salaries Down $1,100 for This Year's Grads

Credentialed jobs are faring best in downturn

(Newser) - More bad news for 1.5 million college seniors graduating this year into a tough job market: Less money. The average salary offer to a new recipient of a bachelor's degree is $48,515, down 2.2% from last year's $49,624, says a survey by the National Association of...

College Grads Facing Worst Job Market in 7 Years

Experts say situation unlikely to improve by fall

(Newser) - Employers will hire 22% fewer graduates this spring compared to last year—making this year’s dropoff the largest since the 9/11 attacks and the dot-com bust devastated the economy in 2002, BusinessWeek reports. And the situation could worsen, with 46% of employers unsure if hiring levels will rebound by...

Grads: Be Glad You're Finally Free of This

Wall Street's collapse is a blessing in disguise

(Newser) - The best asset an imploded Wall Street is providing this year’s college grads is their freedom, Ellen Goodman writes in the Boston Globe. During the boom, bright students streamed to Wall Street, but those days seem over. Sure, without a phalanx of white-collar recruiters after them, many have no...

Bummer Economy? Move Home!
 Bummer Economy? 
 Move Home! 
Jan 13, 2009 2:08 PM CST

Bummer Economy? Move Home!

More adult children are moving in with parents

(Newser) - A bleak job market and skyrocketing rents have college grads—even working adults—boomeranging back to their childhood homes, something that's fast losing its social stigma, the Boston Globe reports. About half of adults ages 18 and 24 live with their parents.

Economic Crisis Wallops Business Grads
Economic Crisis Wallops Business Grads
GLOSSIES
Nov 16, 2008 5:37 AM CST

Economic Crisis Wallops Business Grads

Current students jockey for fewer jobs; programs see surge in applications

(Newser) - With the financial world in free-fall, recent business-school graduates are finding fewer jobs and fierce competition for the ones that remain, Business Week reports. “A lot of the factors affecting my future employment are out of my hands,” said one MBA student preparing to hunt for a job...

NBC Pages Seek Bigtime on $10/Hour

Ted Koppel, Regis Philbin alums of yearlong program

(Newser) - Screaming girls, predawn starts, and 6-day weeks are a lot to handle on $10 an hour—but NBC pages see success at the end of the tunnel, the New York Times reports. They know that hours of smiling schlep work—think photocopies and coffee—have led luminaries like Regis Philbin...

Dear Mom, Dad: Please Send Bailout

Parents face tough choices as debt-ridden kids struggle to find work

(Newser) - The families of many debt-laden college graduates are pondering bailouts of their own as the job market sours, the Wall Street Journal reports. With the average student loan now $22,000, parents of some struggling grads face a tough choice—to let their kids learn a lesson about credit the...

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