Saturday, December 23, 2006

A new year with new opportunities

Summary: After some initial research, it seems like the job market is further developing for 2007. If you are a graduating senior, there will be ample opportunity to acquire a desired position. The salary range for certain majors, has broadened from 2006 and expect growth for 2007. The demand for certain majors, such as IT and auditing are ever increasing, while majors such as engineering remain constant. Entry-level sales positions will have increased salaries and higher commissions.

Suggestions: Although there are new opportunities and wages have increased, competition has also increased at an even higher rate. Saying this, it is still necessary to put in that extra effort to get yourself ahead of the curve. I would suggest meeting with a career adviser, preparing your resume ahead of time, engage in practice interviews and plan your strategy accordingly. Your adversaries for your desired jobs will be taking the same kind of initiative, so you must position yourself with more experience and skills. Those that will pull the higher salaries in each range, are the ones that work the hardest, establish the key relationships and interview properly.

"Overall, 52 percent of employers responding to the Job Outlook 2007 Fall Preview Survey reported that they expect to hire more new college graduates in 2006-07 than they hired in 2005-06. While that number is down from the 66.5 percent of employers that planned to increase hiring last year, the number of employers that expect to decrease hiring this year is just 5.4 percent compared to 18.2 percent last year. The remaining 42.6 percent plan to maintain their hiring numbers, making an impressive jump from 15.3 percent in the Job Outlook 2006 Fall Preview Survey. "

Salaries by title (entry-level)
  • Marketing associate: 30,000 - 50,000
  • IT Associate: 40,000 - 60,000
  • Financial Analyst: 48,000 - 58,000
  • Accountant: 42,000 - 60,000
  • Sales Consultant - 40,000 - 50,000

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