University of Kansas School of Business graduating seniors seeking full-time jobs can breathe a sigh of relief as positive news travels throughout the business community. Employers intend to increase college hiring by 13.5 percent over the previous year, according to a 2011 job outlook report by the National Association of Colleges and Employers (NACE).
The report also notes a 3.5 percent increase over last year in the overall average starting salary. Class of 2011 bachelor’s degree graduates will receive an average salary offer of $50,034. This is the first year since 2008 that the average starting salary has been on the rise. The Business Career Services Center has noticed the positive trend in college hiring.
“We can get a general sense from business students and recruiters that things are on the up,” said Jennifer Jordan, Business Career Services Center director. “Our early findings show an average $45,895 starting salary for 2011 graduates; more recruiters are interested in our students.”
Last fall, the BCSC saw a total 45 recruiting companies and 1,065 student interviews with recruiters, up from 32 companies and 908 interviews in 2009. The NACE 2011 salary survey indicates business majors – specifically accounting and finance – have the biggest increase in average salary offer from 2009.
For seniors feeling the pressure to land full-time jobs after graduation, BSCS advisors give ample advice.
“Do something forward-moving for your career every day,” Jordan said. “Whether logging on to LinkedIn for 20 minutes, writing cover letters, applying for jobs or participating in mock interviews, students should devote a little time each day to the job search. The biggest mistake in job hunting is doing nothing, especially in a down economy.” Momentum and persistence are crucial, Jordan adds.
The BCSC also offers many other job hunting resources, including free resume paper, thank you notes and fax machine use. The benefits don’t end once students walk down the hill. School of Business graduates are encouraged to seek continued career support, phone advising and networking opportunities from the BSCS, even after they find full-time employment.
“Take advantage of all the career resources on campus – not just at the BCSC,” Jordan said. “Visit other KU career centers and use job databases, attend KU job fairs and leverage your online networks to find career opportunities. Don’t focus on the amount of time you spend job searching. Focus on the quality of effort you put into the hunt.”