Jobs Outlook for 2014 College Graduates
An NACE study found employers plan to hire eight percent more for recent grads than in 2013
As 2014’s college grads hit the jobs market, they can take heart from a recent study by the National Association of Colleges and Employers that found employers focused on hiring new college grads are optimistic about the job market for this year. It found employers expect to hire almost eight percent more of the class of 2014 than they hired from the class of 2013.
What areas of the workforce are most focused on hiring new grads? Here’s what the experts say.
The healthcare industry is facing a shortage of employees and so new grads with health care training and education are likely to do well. “The healthcare industry will experience sweeping changes as new and tighter medical guidelines are presented,” says Linda Parry, CEO of Product Launchers. And some of these guidelines will be drastically different from what has been accepted practice for the past few decades, so retraining older employees and bringing in new ones with updated knowledge will be key.
Demand for health care majors may vary in some areas, though, says Robert Swanson, director of career services at Niagara University. It has slowed nationally, there are still areas of the country with a growing demand for health care professionals, “so graduates in those majors need to be open to casting a wide geographic net.”
Innovation and new technology have made public power and other utilities ripe for job growth, Parry says. “The utilities industry will dramatically change their business model to include heavy inclusion of power generation due to renewables such as solar, wind and others. All these will be seamlessly integrated into the delivery system to the customer.”
Energy storage systems will also be included in this job growth, resulting in savings to customers and a decrease in oil imports, she says. Engineering and construction management majors will be needed in this sector.
While Swanson says teaching positions are another career that has slowed somewhat, Brian Stewart, president of BWS Education Consulting, says recent graduates should consider other jobs in the education industry. With the emphasis many districts put on standardized testing, education consultants can be in high demand.
“[Recent grads’] familiarity with college courses and standardized tests will often be at an advantage over applicants who are further removed from school,” Stewart says. “They may be able to better relate to the pressures that today's students face when it comes to high stakes standardized tests and college applications. We just hired five new educational consultants for our business and we are optimistic about our growth prospects.”
Swanson says several broad industries can provide good prospects for recent grads. Those include engineering, accounting, management and computer science. “Within these broad categories, more specific fields report good employment prospects,” Swanson says. “Supply chain management and software development are two examples of this.” Pharmaceutical companies in particular are looking for chemical engineers and communications and public relations professionals are also in demand, according to the NACE study.
Monster Wants to Know: Have you had any luck with your job search in one of these industries? Share with us in the comment section.