<p>I have one thing NO ONE has pointed out yet. Those of us who don’t have our degrees yet (aka the students SteveMA is saying can put themselves through school) have great difficulty finding jobs. To be a waitress they want you to have worked as a waitress before; to work as a cashier at a grocery store you often need to be 18, a bagger 16 (many states allow 14 year-olds to work). Students often find man more volunteer opportunities than paying opportunities (ex: I volunteer as a camp counselor because I can’t find a paying position). It’s not for lack of trying. Between March and May of this past year I applied for 26 jobs, I wasn’t hired for one; I am currently hoping to be hired by the hardware store near my school, but have yet to hear anything about the job, I will be stopping by and asking about it.</p>
<p>cty4ever,</p>
<p>You think its bad as a student? Wait till you have a 120K + degree and no job. Yes, perhaps region specific, and kids with degrees can relocate(VERY few jobs offering relocation payment, hence hesitant to even interview kids willing to truck 3,000 miles away, and ANOTHER expense for parents).
My D has about 20 HS friends, all were diligent made sure they graduated in the 4 years, went to good schools, employable majors, engineering, finance, business, there is only ONE employed as of September.ONE kid. All very willing to relocate anywhere they can get a job.
They have all applied EVERYWHERE, even local Mall RETAIL jobs, NOT EVEN CALLED BACK for those.So you have 20 kids, one working selling power tools in home depot, all fed up and ticked off. </p>
<p>What a waste of money, time and brain power. Do I see it turning around any time soon? No I don’t if there are 2011 kids unemployed, 2012 kids unemployed, now we are entering the 2013 graduate season. Forget it, these kids will be under water for the next decade or more.</p>
<p>Its a Catch-22. Our kids work really hard during high school, and try to do everything right, and if they succeed, they become eligible for the most expensive schooling on the planet.</p>
<p>samiamy–ok, why would it be a PARENT’S expense and not a child’s to move for a job. I would also say that your experience is not the norm in our area at all. Most kids that graduated in 2012 have jobs or are on to their various post-UG schools (medical, law, grad). I know of one student that is not employed but he is liking the life of leisure a bit too much :D. I realize times are hard in many parts of the country but there are jobs out there and like you said, they may just have to relocate to get those jobs.</p>
<p>“I realize times are hard in many parts of the country but there are jobs out there and like you said, they may just have to relocate to get those jobs.”</p>
<p>Well, statistically, there are not enough new job openings to accomodate all the people looking, much less inexperienced and newly graduated students. So your statement is definitely not true for everybody - perhaps students with top grades, top schools, good majors, and multiple internship experiences, yes. However, I think relocating before you even have a job is very risky and probably not worth it for most - but who knows. </p>
<p>"What a waste of money, time and brain power. Do I see it turning around any time soon? No I don’t if there are 2011 kids unemployed, 2012 kids unemployed, now we are entering the 2013 graduate season. Forget it, these kids will be under water for the next decade or more. "</p>
<p>It goes back further than 2011 ;). In reality, I hope it will turn around (its already easier for current grads than the grads of the past few years, but that is not necessarily saying much). However, I think many of the kids who graduated during the recession will have depressed wages for life - compared to what they would have had if they had graduated during normal times. Those kids working retail will probably never reach the income levels they would have, had they graduated ___ years later. </p>
<p>If employers start hiring in mass again, there will be enough new graduates to interview and hire, they’ll likely just skip over the kids who’ve already been skipped over due to tough times.</p>
<p>If a kid accepts a job across the country and a new grad with zero $$, who in the heck is going to foot the bill? If the company does not reimburse, who has to lay out the money for the apartment/furniture? Yes, my kid will pay us back however, we will have to lay it out, what if the job doesn’t work out? Who is on the hook? </p>
<p>Speaking from personal experience cause we are currently living it, and know quite a few STEM graduates no less, have sent applied to anything they would be qualified for as Engineers, with internships/research/published as undergrads/TA experience. </p>
<p>If they aren’t CS engineers, no companies are hiring inexperienced entry level Engineers. Don’t tell me differently. Everyone of the kids I know are ready willing and able to relocate. Next stop is overseas. It isn’t happening in the US. </p>
<p>whatdidyou, That is my fear for my kid. The next hiring cycle is coming up with new grads, if a job is not secured soon, so out of luck. Read McDowells book “Outliers” it is all spelled out in black and white from a perspective history and depressed economic times. These kids are screwed.</p>
<p>If I were going to college today I would have done community college, even aware of the end result right now (which is a great job).</p>
<p>
</p>
<p>I know it’s a tough market out there, but lots of 2012 engineering grads have gotten jobs, and not just in CS. Iowa State, for example, is reporting that of 481 May 2012 B.S. engineering grads, 279 are employed, another 86 are in grad school, and 116 are still looking. That’s a lot of people still looking, but it’s a far cry from “no companies are hiring.”</p>
<p>Most colleges aren’t as transparent about such stats, or haven’t yet released reports on their 2012 graduating class.</p>
<p>would you happen to know the names of these above companies that did hire? Honestly not seeing it on our side. Trying to figure out what is behind the kids I know not getting any leads/interviews, no not all from same schools either.</p>
<p>samiamy–what has said child been doing since May? It’s almost Oct. I would sure HOPE they got at least a part time job and banked that money…</p>
<p>Also, what area of the country are you in? For the Iowa State grade, the unemployment rate in the Midwest is VERY low, thus, more jobs available to new grads. 2.5% unemployment rate is considered “fully employed” by the Department of Labor, meaning those people aren’t really looking for jobs but might be sending out feeler, maybe. Unemployment rate in many areas of the Midwest is at or below that figure and the rest is not far above that figure. In contrast, NYC has an unemployment rate of close to 10%.</p>
<p>“If they aren’t CS engineers, no companies are hiring inexperienced entry level Engineers. Don’t tell me differently. Everyone of the kids I know are ready willing and able to relocate. Next stop is overseas. It isn’t happening in the US.”</p>
<p>Nonsense. Go to the gulf coast region. Plenty of companies are hiring inexperienced entry level engineers.</p>
<p>HOWEVER - this is a VERY good reason to actively seek out CO-OP opportunities in the summer!</p>
<p>Penn publishes really detailed statistics. Here are those for its engineering school 2011 graduates, as of December 2011: <a href=“http://www.vpul.upenn.edu/careerservices/undergrad/reports/SEAS_2011cp.pdf”>http://www.vpul.upenn.edu/careerservices/undergrad/reports/SEAS_2011cp.pdf</a> </p>
<p>The comparison to bclintonk’s Iowa State 2012 numbers is interesting. About the same percentage was in graduate school. Very few Penn graduates were looking for work and not finding it, and the vast majority of the graduates had gotten their jobs before they graduated. But . . . very few of them are working in engineering fields other than CS. Not that there were so many CS graduates – Penn is not necessarily a leader in that field at this point. Lots of the graduates were working in financial jobs or consulting.</p>
<p>Vassar doubled, from $22K to $44K in about 25 years. </p>
<p>“Per capita personal income” for NY state more than doubled in that time though, from about 22K to 48K.</p>
<p>[Per</a> Capita Personal Income by State — Infoplease.com](<a href=“Columbia Encyclopedia | Infoplease”>Per Capita Personal Income by State)</p>
<p>Do you think the Ed bubble will burst?</p>
<p>Ya really its right there is a lot difference when I completed my engineering that time my fees was only 20000 and now brother is doing his fees is 70000, this is Inflation in only 7 years.:)</p>
<p>“Nonsense. Go to the gulf coast region. Plenty of companies are hiring inexperienced entry level engineers”</p>
<p>Well tell me why they aren’t responding to applicants that are applying? Not just my child either. Again, unless one is going thru the no jobs issues and a frustrated graduate in a field specific career and wants to work in the field they were educated in, save me the plenty of jobs speech. It is not true.</p>
<p>By the way, most of the entry level postings are requiring greater than 2 year experience</p>
<p>1976 - $225 a semester (I thought the out-of-state students who had to pay $800 a semester must be insanely wealthy.)
2012 - $4,210 a semester (Still pretty darn reasonable by today’s standards)</p>
<p>When I joined UT Austin in 1984, the instate tuition was $50/semester. Now it is $5000/semester.
Who can top that?</p>
<p>I guess I didn’t really answer the thread title. As I said, when I started tuition and fees were $800 a year.</p>
<p>Now: </p>
<p>Guaranteed undergrad (entered Summer 2012 through Spring 2013) Resident: $16,556 Out of State: $30,698 International: $33,498</p>
<p>With mandatory fees that is 22X increase. It doesn’t touch father91’s 100X increase but I think it illustrates the problem. I don’t think minimum wage or starting salaries have increased 2200% in the same time frame unless there are some entry level jobs paying $660,000 that I haven’t seen.</p>
<p><a href=“http://i.mktw.net/_newsimages/pdf/college-rankings-20120925.pdf[/url]”>http://i.mktw.net/_newsimages/pdf/college-rankings-20120925.pdf</a></p>
<p>[Which</a> colleges help grads snare top salaries? - MarketWatch](<a href=“Which colleges help grads snare top salaries? - MarketWatch”>Which colleges help grads snare top salaries? - MarketWatch)</p>
<p>See how much graduates from various colleges earn. And this data ranks colleges by how much they earn relative to how much they paid.</p>