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Job market mixed for college grads

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Posted November 20, 2013
Job market mixed for college grads
College graduates will experience an improving job market this year, although those with an MBA may find tough sledding, according to Michigan State University’s annual Recruiting Trends report. Credit: Michigan State University
A steadily improving job market will greet most college graduates this year, although those with a newly minted MBA may find tough sledding, according to Michigan State University’s annual Recruiting Trends report.

 

Due largely to huge layoffs in the banking industry, hiring for workers with new MBAs will decline about 25 percent over last year, predicts Phil Gardner, an economist and director of MSU’s Collegiate Employment Research Institute.

Hiring for all degrees, however, is expected to increase 3 percent. This is led by a 26 percent jump for those with doctoral degrees and a 7 percent surge for those with bachelor’s degrees.

“The college labor market is starting to heat up with double-digit expansion in some areas,” said Gardner. “The market has progressed steadily during the past four years and a more robust market may be just around the corner.”

The 2013-14 edition of the report – now in its 43rd year – comes from a survey of nearly 6,500 employers nationwide, making it the largest in the United States for the college labor market.

Read more at: Phys.org

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