Job Market Improving for College Graduates
by Emily Luxen
NASHVILLE, Tenn. – This week, thousands of college students across the Mid-State will transition to campus life to real life, and enter a rebounding job market.
According to a new survey from the National Association of Colleges and Employers, companies plan to hire 8.6 percent more graduates from the class of 2014 than last year. Bachelor's degrees are most in demand. Business, engineering and accounting majors are hot commodities, while health sciences and education students are at the bottom of the list.
“There is room for optimism,” said Dr. J. Patrick Raines, Dean of the College of Business Administration at Belmont University. “The unemployment rate among students with a college degree is in the 3 to 4 percent range. The job market for college grads is improving.”
Dr. Raines said the number of firms coming to campus to recruit students increased over the last year. He added that as more companies move to Nashville, local students have more options.
“Usually, our students want to stay in Nashville,” said Dr. Raines. “They enjoy the quality of life, and they find employment relatively easy compared to other large cities.”
Some Vanderbilt University students like Matthew Hirsch, already have jobs lined up before graduation.
“I’m moving back to New York to do investment banking for Bank of America,” said Hirsch. “Among my friends, I think most people did really well in the job market.”
The early outlook for the class of 2015 also looks promising, according to the National Association of Colleges and Employers survey. Approximately 43 percent of employers say they expect to hire more 2015 grads during their fall 2014 recruiting season than they did in fall 2013.