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re: People who graduated college around the Recession

Posted on 5/2/17 at 2:43 pm to
Posted by tigerbandpiccolo
Member since Oct 2005
49437 posts
Posted on 5/2/17 at 2:43 pm to
Well surely you overcame it considering you're always reporting in from CCL ;)
Posted by yellowfin
Coastal Bar
Member since May 2006
98758 posts
Posted on 5/2/17 at 3:05 pm to
quote:

What about post 9/11 graduates? Let's say from Fall of 2001 to spring of 2003. That wasn't a great job market either.


That wasn't a bad time in south la


Oil and gas was gaining stream for a pretty good run

Posted by whodatdude
Member since Feb 2011
1474 posts
Posted on 5/2/17 at 3:17 pm to
While I was partly content at my previous job, it just wasn't worth the low pay. I just didn't want to go from stable/slightly bad to unstable and really bad.

I didn't change jobs again until 2013 and I've been here (LSU) ever since.
Posted by whodatdude
Member since Feb 2011
1474 posts
Posted on 5/2/17 at 3:19 pm to
Completely agree. Many people graduate and find "jobs" working as a receptionist because many entry level jobs require "2-3 years of professional experience". Basically, if you didn't do an internship or work part-time at a local law firm in college, you're screwed (unless you're in fields like engineering).
Posted by The Levee
Bat Country
Member since Feb 2006
11677 posts
Posted on 5/2/17 at 8:46 pm to
Thanks for all the honest responses. Looks like our generation could write a book
Posted by marie antoinette
Member since Nov 2007
6012 posts
Posted on 5/2/17 at 9:00 pm to
I graduated with a bachelors in 08, masters in 11. I've have a full time job at 2 different non profits since then. Still owe on my grad student loans which is my only debt besides my mortgage.
Posted by Bossier2323
Bossier CIty
Member since Sep 2014
1917 posts
Posted on 5/2/17 at 9:01 pm to
You're a pussy
Posted by MrSmith
Member since Sep 2009
8319 posts
Posted on 5/2/17 at 9:02 pm to
Unless you went into software development. I was '09. We switch jobs every 3 years on average
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297021 posts
Posted on 5/2/17 at 9:20 pm to
Which recession? 70s, 80s? 2008?
Posted by The Great McGinty
Member since Jan 2017
1384 posts
Posted on 5/2/17 at 9:45 pm to
quote:

scared to leave it out of the fear of going through another job search
Posted by member12
Bob's Country Bunker
Member since May 2008
33055 posts
Posted on 5/2/17 at 10:21 pm to
quote:

There needs to be a study or article written about the mindset of those college students who graduated with run-of-the-mill average grades and degrees during the time period 2008-2012.


What would you say the findings would be?


Graduated in 2007. I did okay for about 18 months. Then had to totally reinvent myself.
Posted by Samso
nyc
Member since Jun 2013
5036 posts
Posted on 5/2/17 at 10:23 pm to
Was in undergrad from 2008-2012.

Majored in accounting solely to get a job.


It worked.
This post was edited on 5/2/17 at 10:25 pm
Posted by Thib-a-doe Tiger
Member since Nov 2012
36573 posts
Posted on 5/2/17 at 10:23 pm to
quote:

less risky with investments.



And they are making a mistake
Posted by beaverfever
Arkansas
Member since Jan 2008
35454 posts
Posted on 5/3/17 at 4:36 am to
quote:

I think that most of them, after getting that first or second job, are scared to leave it out of the fear of going through another job search. I would also think (mentioned in another thread) that this group of older Millennials saves more for retirement and is probably more frugal and less risky with investments
I graduated in 2011 and this definitely describes me. I'm still working at the place that hired me after college. The job didn't even require a college degree but luckily things have gone well for me there. The thought of having to look for another job seems like a nightmare.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
8518 posts
Posted on 5/3/17 at 6:28 am to
The more I read this thread, the more blessed I feel. I got a ChemE degree from '08 - '13. In a class of 64, 62 had jobs or were headed for a grad degree on graduation day and #63 got a job a week later.

Not the case anymore. I was asked back to judge senior/junior design presentations. There are almost 140 students in the graduating class and maybe 50% have jobs.

That whole "get a STEM degree and you'll always have a job" attitude is done for. It is even worse for mechanical/petroleum. Supply is way outpacing demand.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71067 posts
Posted on 5/3/17 at 6:31 am to
It's terrible in mechanical. Wayyyyy too many students. It's driving the competition up for entry level positions and driving starting salaries down.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
36442 posts
Posted on 5/3/17 at 8:03 am to
quote:

MBAs aren't worth the price now.

This really depends on the school and what applicable experience you have. If you have no valid experience, then yea an MBA probably won't help much. If you have applicable experience, then you can parlay that MBA and your experience to land a decent job though. For example, a friend of mine recently landed an oilfield service company manager of operations job because he had an MBA and some environmental/civil construction experience.
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 5/3/17 at 8:20 am to
quote:

It's terrible in mechanical. Wayyyyy too many students. It's driving the competition up for entry level positions and driving starting salaries down.


I'm not tapped in to what the graduating classes are like now, but I really think ME students can still find jobs. They just may have a hard time finding a job in BR/NOLA/etc. There are tons of jobs that really like engineering degrees, especially mechanical. They may not be true design type jobs, but you can work. And you may not make 70k right out of school, but I bet you can make 45-50k with good chance for raises.

I was terrible at setting myself up for the job market. Hardly any intern experience.....shite, hardly worked while in school . But I found a job. I'll admit I was lucky to get a decent paying one. My whole senior design group wasn't great students. One guy graduated in 7 years and was a complete slacker for half the semester I worked with him and even he found a job. This was all in 2010.

I certainly feel for those who had a general studies degree or something in that time. But even when times were bad, I didn't know anyone personally who just couldn't find work with a STEM degree. It was certainly worse than the good times, but it wasn't like college grads were homeless. Like the OP said, I can see it affecting peoples attitudes towards thinking they are worth tons and can jump from job to job. But I personally don't know people who suffered greatly. Now with this oil turn, I know of people seriously out of work with good degrees. Difference is most of them proved to be terrible employees even though they had that framed piece of paper.
Posted by Gaston
Dirty Coast
Member since Aug 2008
41694 posts
Posted on 5/3/17 at 9:27 am to
I finished in 2000 and moved directly to Si Valley where within a month or two the first tech bubble burst. They already knew it was coming, or so it seemed with hiring just before I got out there. I got a random engineering job, project engineer at UL, instead of getting a microchip manufacturing job like I went to school for. Stuck in it for two years out there and finally got offered a job in the field. Working a lithography machine for 5 12 hr shifts a week.

I said no and we moved to NOLA where it took a while to get hired. Since that first job back home, at NASA, I've not gone a weekday without a job. 15 years and I still can't stomach taking this me off between employment.
This post was edited on 5/3/17 at 9:29 am
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