1. Alexander Ioffe Economic Undergraduate Job Market for Class of 2004 Gradually Improving By Alexander Ioffe Economic Undergraduate

2. Alexander Ioffe Economic Undergraduate Hiring Michigan State University had its 33 rd annual College Labor Survey. Michigan State University had its 33 rd annual College Labor Survey. 450 employers responded to the survey 450 employers responded to the survey Out of the 450, 40% say that they have set hiring standards that target college grads. This is a 5% increase from last year. Out of the 450, 40% say that they have set hiring standards that target college grads. This is a 5% increase from last year.

3. Alexander Ioffe Economic Undergraduate Hiring The employers that indicated plans to hire, 60% say that they will increase the number of positions for the academic year. The employers that indicated plans to hire, 60% say that they will increase the number of positions for the academic year. Though many will increase the amount they hire, 86% of employers believe that the market will remain poor. Though many will increase the amount they hire, 86% of employers believe that the market will remain poor. Most of the hires seem to be coming from the South, the North is suffering a slow recovery and displacement of workers in manufacturing which continues to hold back the growth in the North. Most of the hires seem to be coming from the South, the North is suffering a slow recovery and displacement of workers in manufacturing which continues to hold back the growth in the North.

4. Alexander Ioffe Economic Undergraduate Manufacturing Manufacturing has had many troubles in the past few years. Some segments are doing well such as: food, beverage, and clothing. But segments in automotive have had many problems and are not looking into hiring young people Manufacturing has had many troubles in the past few years. Some segments are doing well such as: food, beverage, and clothing. But segments in automotive have had many problems and are not looking into hiring young people Some of the segments that have had much difficulty are: Metal Fabrication, Machinery, and Electronics. Some of the segments that have had much difficulty are: Metal Fabrication, Machinery, and Electronics.

5. Alexander Ioffe Economic Undergraduate Trends Trends have shown a positive outlook. Trends have shown a positive outlook. Last year witnessed the bottom of the decline, this years growth is upward. Last year witnessed the bottom of the decline, this years growth is upward. Though outlook is positive, it will take a long time to recover the jobs that were lost from 2000-2003. Though outlook is positive, it will take a long time to recover the jobs that were lost from 2000-2003.

6. Alexander Ioffe Economic Undergraduate Trends In the past, small employers have powered the hire of college grads, this year for the first time they will not. In the past, small employers have powered the hire of college grads, this year for the first time they will not. At first this was a concern, but it has turned to be beneficial to college grads from past years like 2001, 2002, & 2003. These grads have not found desired work, with this happening, it will give them better chances of doing so. At first this was a concern, but it has turned to be beneficial to college grads from past years like 2001, 2002, & 2003. These grads have not found desired work, with this happening, it will give them better chances of doing so.

7. Alexander Ioffe Economic Undergraduate MBA Employers are making more substitutions for who they hire. Many employers have indicated that they plan to hire less MBA’s and insert more BA’s due to salary. Employers are making more substitutions for who they hire. Many employers have indicated that they plan to hire less MBA’s and insert more BA’s due to salary. The MBA market is strained. There are more MBA graduates now than ever, which makes the supply more than the demand for them. The MBA market is strained. There are more MBA graduates now than ever, which makes the supply more than the demand for them.

8. Alexander Ioffe Economic Undergraduate What to Expect Though the past few years have been trouble some, we are recovering. There are more jobs available now for the college grad than in the past years. Though the past few years have been trouble some, we are recovering. There are more jobs available now for the college grad than in the past years. It is important to go into the right field that have a positive outlook and salary that you wish to obtain. It is important to go into the right field that have a positive outlook and salary that you wish to obtain.

9. Alexander Ioffe Economic Undergraduate Salary Expected This Year Accounting $35,200 - $38,200 Finance $38,600 - $42,400 Marketing $34,200 - $38,900 Supply Chain $37,400 - $39,700 Civil Engineering $39,600 - $42,500 Electrical Eng. $46,900 - $51,000 Mechanical Eng. $46,200 - $49,600 Chemical Eng $39,600 - $42,500 Computer Science $50,800 - $57,200 Communications $30,000 - $36,400 Liberal arts $28,000 - $33,000 Sciences $31,900 - $39,000 Accounting $35,200 - $38,200 Finance $38,600 - $42,400 Marketing $34,200 - $38,900 Supply Chain $37,400 - $39,700 Civil Engineering $39,600 - $42,500 Electrical Eng. $46,900 - $51,000 Mechanical Eng. $46,200 - $49,600 Chemical Eng $39,600 - $42,500 Computer Science $50,800 - $57,200 Communications $30,000 - $36,400 Liberal arts $28,000 - $33,000 Sciences $31,900 - $39,000

10. Alexander Ioffe Economic Undergraduate Work Cited Gardner, Philip d, Ph. D. “Job Market for Class of 2004 Gradually Improving” The Black Collegian. Issue Date Unknown. 17, October 2004. Gardner, Philip d, Ph. D. “Job Market for Class of 2004 Gradually Improving” The Black Collegian. Issue Date Unknown. 17, October 2004. http://www.black- collegian.com/issues/2ndsem04/top100_jobmarket200 4-2nd.shtmlhttp://www.black- collegian.com/issues/2ndsem04/top100_jobmarket200 4-2nd.shtml