Study Finds Unemployment Up for University Graduates
A recent analysis conducted by the Council of Ontario Universities shows that while times may not be as rosy as they were before the 2008-2009 downturn for university grads looking for a job, there are ways to increase the chance of finding a career after post-secondary graduation.
The evidence tips to a decline in most areas of career for recent grads of Ontario universities. Actually, since 2006, overall unemployment has increased for college or university graduates and, based on the more than 25,000 respondents of the total annual graduate survey for this year, the prospect of finding work in their field of review has dropped. Average salaries are also influenced, with a lag in wage gains that will not bode well for paying down tuition.
Some areas of study, such as the humanities, have observed real earnings drop worse than in other sectors. On the other hand, Dentistry and medication have seen regular wage gains, as has the part of computer science.
Your choice of what willpower to study may need to be dictated by the reality of the job market, as opposed to personal inclination. Fereshteh Tabatabaei, a graduate with two research degrees in life sciences and health management, had to stay for work as an administrative assistant, and ultimately went back to school to obtain a master’s degree in an attempt to achieve her professional goals. She says, “EASILY acquired chosen business, I would have been in another position, where my student loans would have been paid off.”
Another key to success is getting an early foothold throughout the market, either through a part-time summer months job or a Co-op location through the university. After finding that employers are looking for 3 – 5 years’ experience, political technology graduate Brandon Clim says, “I got fortunate never to have to work on my studies – now that has become an impediment.” Receiving jobs at minimum amount wage might be the only recourse for graduates who lack experience, especially in areas where jobs are harder to find.
More and more universities are providing internships or co-op placements, and students are smart to take advantage of this option, after carefully weighing the options of which field to study in the first place.