The Job Market:
What’s Hot and What’s Not
In an effort to help Robinson students and
alumni move beyond the latest headlines and better understand what’s
really happening in the job market, the Career Management Center
recently called our top 100 employer contacts. Here’s what they told us.
Our
contacts in accounting, consulting, consumer products, energy,
government, health care, insurance, IT, risk management, and actuarial
science plan to continue to fill entry-level and experienced positions
through the second quarter of 2009. Furthermore, a number of employers
in these sectors view the downturn as a prime opportunity to hire
talented people who typically are hard to attract. By contrast, many of
the firms we contacted in financial services, banking, construction,
and real estate have slowed or frozen hiring. Several are reorganizing
internally and reducing head count. Except for internships in sales and
marketing, these companies are hiring few newly minted BBA and MBA
grads. That said, healthy firms within these categories are building
bench strength by recruiting individuals with industry-specific
expertise.
Moving from hiring trends by sector to activity by
size of enterprise, a number of small to midsize employers (500–10,000
staff) plan to continue to hire. Many job-hunting professionals are
unaware of opportunities within firms of this size because they tend to
be less well known. Moreover, many are so lean that their recruiting
function is minimal to nonexistent. We recommend that individuals spend
more time researching organizations of this size. Keep in mind that
many small companies provide products and services to larger ones.
Thus, working at a smaller firm is often an excellent way to gain
experience that you can leverage later on.
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