Gen Y: No jobs, lots of loans, grim future

Getting more education will not get you a job http://www.msnbc.msn.com/id/38364681/ns/business-eye_on_the_economy/

“Armed with an undergraduate degree in literary journalism from the University of California, Irvine” So you are surprised that this guy is unemployed?

Same old regurgitated material.

its true only getting a job gets you a job. ask a taxpayer.

who the hell takes out massive loans to major in literary journalism? I went to school with a girl who took at $160k in loans to major in sociology? Gen Y may be book smart, but definitely lacking in street smarts. If you want to go to a decent school and take out loans, at least major in something where you have some options should the economy go to hell.

ohai Wrote: ------------------------------------------------------- > “Armed with an undergraduate degree in literary > journalism from the University of California, > Irvine” > > So you are surprised that this guy is unemployed? HAHA. The quotes in these types of articles are always the best. It’s sad at the same time that it is funny…

How does a undergrad degree in literary journalism from UC Irvine cost the same as a Harvard MBA??? Dumb@rse should have spent 2 years in a cc and then transferred over to UC.

Show me the Princeton, Harvard, and Stanford ugrad finance kids that are unemployed.

Chuckrox8 Wrote: ------------------------------------------------------- > Show me the Princeton, Harvard, and Stanford ugrad > finance kids that are unemployed. they are out there. only difference is they may be busy trying to get a job then interviewing with papers

Chuckrox8 Wrote: ------------------------------------------------------- > Show me the Princeton, Harvard, and Stanford ugrad > finance kids that are unemployed. yeah honestly. i’m tired of reading stories about people who shouldn’t have gone to post-secondary and only did so as a result of backwards western culture (“everyone must go to school, even those with 70s in high school”) and predatory/subsidized lending on behalf of western governments that enables those who shouldn’t even consider such education. you shouldn’t be able to get a school loan unless you’re clearly going to be a net add to society.

Chuckrox8 Wrote: ------------------------------------------------------- > Show me the Princeton, Harvard, and Stanford ugrad > finance kids that are unemployed. Well, duh. But the percentage of grads from the aforementioned schools is

Yeah, I think people definitely failed to account for future NPV when choosing their majors. Yeah, I did business, and yeah, it’s not as stimulating as socioliteracology, but you know, I thought a few years ahead and decided I didn’t want to be pumping gas.

Chuckrox8 Wrote: ------------------------------------------------------- > Show me the Princeton, Harvard, and Stanford ugrad > finance kids that are unemployed. My alma mater is one of these. Times are tough for everyone; even though most people from these schools are employed, many settle for positions that they would not otherwise have considered. Many decide to go to graduate school, business school, law school etc. rather than take a chance in the job market.

marcus phoenix Wrote: ------------------------------------------------------- > Chuckrox8 Wrote: > -------------------------------------------------- > ----- > > Show me the Princeton, Harvard, and Stanford > ugrad > > finance kids that are unemployed. > > > Well, duh. But the percentage of grads from the > aforementioned schools is

The Wharton jobless are out there. The valedictorian of C/O 2009 graduated unemployed, not for a lack of options though. He now works for one of GOldmans Internal HF’s

Chuckrox8 Wrote: ------------------------------------------------------- > marcus phoenix Wrote: > -------------------------------------------------- > ----- > > Chuckrox8 Wrote: > > > -------------------------------------------------- > > > ----- > > > Show me the Princeton, Harvard, and Stanford > > ugrad > > > finance kids that are unemployed. > > > > > > Well, duh. But the percentage of grads from the > > aforementioned schools is > As Matt said above, I am tired of seeing these > stories about recent college grades who have > degrees in sociology and can’t get a job. I was a > bio chem major in ugrad until I realized I did not > want to go to med school. The best piece of > advice my dad ever gave me was “Son, you don’t > want to have a bio chem degree outside of med > school, you’ll be working in a lab for $11/hr, get > a business degree”. Who knows what I’d be doing > right now had I stuck with bio chem. Luckily I > developed a passion for the equity markets and I > have been finance hungry ever since. I’d like to point out that your choice of major often has no bearing on your first job out of college. There are plenty of Finance majors working at gas stations, and plenty of English majors working at Goldman. Your Ugrad school and internship experience all have much much more influence over what job you get after college than your major choice.

volante99 Wrote: ------------------------------------------------------- > Chuckrox8 Wrote: > -------------------------------------------------- > ----- > > marcus phoenix Wrote: > > > -------------------------------------------------- > > > ----- > > > Chuckrox8 Wrote: > > > > > > -------------------------------------------------- > > > > > > ----- > > > > Show me the Princeton, Harvard, and > Stanford > > > ugrad > > > > finance kids that are unemployed. > > > > > > > > > Well, duh. But the percentage of grads from > the > > > aforementioned schools is > > > As Matt said above, I am tired of seeing these > > stories about recent college grades who have > > degrees in sociology and can’t get a job. I was > a > > bio chem major in ugrad until I realized I did > not > > want to go to med school. The best piece of > > advice my dad ever gave me was “Son, you don’t > > want to have a bio chem degree outside of med > > school, you’ll be working in a lab for $11/hr, > get > > a business degree”. Who knows what I’d be doing > > right now had I stuck with bio chem. Luckily I > > developed a passion for the equity markets and > I > > have been finance hungry ever since. > > > I’d like to point out that your choice of major > often has no bearing on your first job out of > college. There are plenty of Finance majors > working at gas stations, and plenty of English > majors working at Goldman. > > Your Ugrad school and internship experience all > have much much more influence over what job you > get after college than your major choice. Somewhat true, but how many art history majors want to land internships at GS in their sophomore year? By the time they’ve hit their senior year it’s only then that they realize their fatal mistake. If you decide on finance early in school you’ll be gunning for those internships in your soph, jun, and senior years and will have an incredible leg up on the art history folks who decided too late, although there are still plenty running around wall street.

Black Swan Wrote: ------------------------------------------------------- > Yeah, I think people definitely failed to account > for future NPV when choosing their majors. Yeah, > I did business, and yeah, it’s not as stimulating > as socioliteracology, but you know, I thought a > few years ahead and decided I didn’t want to be > pumping gas. Same here. Economics for me. I always thought psychology would be way more interesting, though that may just have been because there were always plenty of hot chicks doing it. Having said that, if you have the connections do what you like. I went to uni with a couple of guys who attended Eton (school where the British PM is from). One did Art History, one did Medieval Studies. Probably 4 hours a week in lectures… The first went on to become an oil trader, the second an equity analyst. Go figure…

Muddahudda Wrote: ------------------------------------------------------- > Black Swan Wrote: > -------------------------------------------------- > ----- > > Yeah, I think people definitely failed to > account > > for future NPV when choosing their majors. > Yeah, > > I did business, and yeah, it’s not as > stimulating > > as socioliteracology, but you know, I thought a > > few years ahead and decided I didn’t want to be > > pumping gas. > > Same here. Economics for me. I always thought > psychology would be way more interesting, though > that may just have been because there were always > plenty of hot chicks doing it. > > Having said that, if you have the connections do > what you like. I went to uni with a couple of guys > who attended Eton (school where the British PM is > from). One did Art History, one did Medieval > Studies. Probably 4 hours a week in lectures… > The first went on to become an oil trader, the > second an equity analyst. Go figure… this is funny then you think about it… not so much

volante99 Wrote: ------------------------------------------------------- > There are plenty of Finance majors > working at gas stations, and plenty of English > majors working at Goldman. i vivdly remember going to a ubs recruiting event in undergrad and there was this smoking associate from bucknell who was an english major. i never questioned why she was hired.