There’s good news for the class of 2016, according to the NACE’s Job Outlook 2016 survey. The report cites an 11% increase in college graduate hiring for the coming year, an optimistic figure, and a clear indication that the college graduate job market is on the rise. Here are a few more positive points from the report:
• Employers have a better view of the job market for graduates, with 42% describing prospects as “excellent” or “very good,” up from 18% just two years prior.
• The increase is field-specific, however, with the oil and gas industry citing a 57.9% decrease in college hiring. This is primarily due to the drop in oil prices, a move that has negatively impacted the industry on a tremendous scale.
• Petroleum engineers will see a $14K drop in starting salary as a result of the decline in oil prices.
• Other factors that have affected the hiring increase/decrease include company size, budget cuts, and company restructuring.
• College hiring is viewed by many executives as an important means to counteract retirement and expanding a company’s talent scope.