Read the article below and answer the following questions in detail.
Even though the article is 5-years old, it does present a case for leaving home for career advancement, especially that first "big" job in your field. It is still the case in 2014 that cities not located on east or west coast are experiencing higher economic growth with lower cost of living expenses than coastal areas. Moving away from home shows employers that you might exhibit a high EQ, because leaving familiar surroundings (even for a few years) indicates that an employee is flexible, confident and is open to risk taking.
Q1 What advice did the author give to new college grad. job seekers?
Q2 Why is Indianapolis a good job market for college grads?
Q3 What are the other top 4 cities on the list (2-are on east coast)?
Q4 Which companies are experiencing growth in phoenix? why do youthin k these companies are growing?
Q5 Are you thinking of re-locating after college? Why and what cities or regions interest you?
Jobs: Top Cities for New College Grads
New York and San Francisco may get all the attention, but for entry-level jobs young people should head to Indianapolis
There's a story, probably apocryphal, told about the legendary bank robber Willie Sutton, who knocked over so many financial institutions in the early part of the 20th century that he made Jesse James and John Dillinger look like a couple of Cub Scouts. A reporter asked Sutton why he robbed banks. Sutton's reply: Because that's where the money is.
It's a good approach to getting what you want, and one that today's job hunters would be wise to follow. Too many young people, fresh out of college, limit their search for gainful employment to their dream jobs, only to discover there aren't any. What they should be doing instead is following Slick Willie's advice. They should go where the jobs are. They should go to Indianapolis.
That, according to an exclusive new analysis of job market data, is where college graduates have the best chance of finding work in an economy where jobs are rapidly becoming an endangered species. By examining job postings for new college grads on AfterCollege.com, a jobs site for young professionals, along with salary, unemployment, and cost-of-living data, BusinessWeek was able to create an "opportunity map" of the U.S.: the 30 metropolitan areas where jobs are, if not exactly easy to come by, at least an attainable goal.
Opportunity in Indianapolis
Why Indianapolis? For starters it's dirt cheap. According to the Council for Community and Economic Research, which collects cost-of-living data on U.S. cities, Indianapolis has one of the lowest living costs of the 30 cities in this ranking, so living there won't break the bank. The average annual pay—$41,420—is a far cry from the salaries enjoyed by denizens of New York, Boston, and San Francisco. But it goes a lot further in Indianapolis, which enjoys one of the most affordable major housing markets in the nation.
And then there are the jobs. On the AfterCollege site, 180 employers—more than almost any other city in the country—posted jobs for new college graduates. Area employers include Eli Lilly (LLY), Wellpoint (WLP), Sallie Mae (SLM), FedEx (FDX), and Amazon.com (AMZN). A healthy local economy and flourishing tourist trade only add to its appeal.
Which isn't to say new college grads will find a job-market Eden in Indianapolis, which like the rest of the country has been hit hard by the housing crisis and recession. "What's happening here is similar to what's happening in all cities," says Pambana Uishi, director of the Skilled Workforce Development for the Indianapolis Urban League. "There is lots of competition for jobs."
With Indianapolis in the top spot, Phoenix, New York, Denver, and Atlanta round out the top five cities for new college grads. Unlike other cities that were crushed by the economic downturn, the Phoenix economy and population are growing. And the city, which has been recognized before for having some of the nation's best job opportunities for young adults, is something of a magnet for Generation Y. With 1.5 million residents and a median age of 31.7, it's one of the youngest big cities in the nation.
"Phoenix is an opportunity-laden city that you could add to your list," says Rick Hamada, COO of the information technology giant Avnet (AVT), a Fortune 500 company that calls the city home. As an employer of about 12,000 people, Avnet has had a presence in Phoenix since the mid-1980s but moved its headquarters there in 1998, says Hamada. "It certainly has felt the economic crisis, but it has not faced the same challenges as those whose economies focus on finance or automotives," says Hamada. "We're not in the same position as New York or Detroit."
The young people who come to Phoenix come, in part, for companies like PetSmart (PETM), a $5 billion maker of pet products that is still growing. And still hiring. Shammara Howell, PetSmart's university relations manager in Phoenix, says the company recently expanded its headquarters campus with an on-site fitness center and child care center. And it's probably the only company in Phoenix where employees are welcome to bring their children—and pets—to work.
Howell, who moved to Phoenix after graduation nine years ago, says she understands why young people find it attractive. "It was a no-brainer," she says of her move. "Phoenix has a lot to offer when you're in your twenties, but as you get older, you can go to the suburbs and have a nice family life."
Job Search Flexibility
While the cities at the top of the ranking may offer young people the best chance for finding work, there are no guarantees, and job-seekers can expect to encounter economic backlash no matter where they go. A willingness to relocate, however, shows flexibility—and in an impossible-to-navigate job market, every little bit helps. Being flexible is how Michael Fineman, president of the Young Professionals of Chicago, landed his job with American Capital (ACAS), a private equity firm in Chicago, three years ago when he was living in Minneapolis. Fineman now works for Maranon Capital, an asset management firm based in Chicago, the No. 7 city in the ranking. He says he liked Minneapolis but doesn't regret the move. "Chicago has a Midwestern feel and tight business community," he says. "You don't feel like you do when you're in New York City."
The advice most experts are offering young people is to keep all options open. "Be flexible," says Uishi. "Keep in mind what you want to do but consider other opportunities as well." Certain fields are seeing more job openings than others. Civil engineering, health care, sales, and customer service are offering a steady stream of opportunities, says Roberto Angulo, CEO of AfterCollege. Angulo and other experts suggest that, during the economic crisis, recent college grads consider volunteering or taking on freelance projects or internships if they can't find full-time work. "It could get your foot in the door when the company starts hiring again," says Angulo.
Your first job out of college might not be what you expect. "You have to look for opportunities in a lot of unique places," says Molly Wilkinson Chavers, the executive director of IndyHub, an organization that mobilizes young professionals in Indianapolis. "Sometimes, our first jobs on paper are not our dream jobs. But we must learn from each opportunity."
1 Answer | Add Yours
1. The author advises college graduates to
- not limit themselves to their "dream jobs" and look into other options
- follow the opportunity maps and move to the cities where there are jobs
- be willing to relocate
- be flexible by considering volunteer work or freelance projects or internships which might "get your foot in the door when the company starts hiring again."
2. Indianapolis is a good job market, because Indiana is a Right-to-Work state and has induced many new businesses to come to this city.
- Indianapolis has one of the lowest cost-of-livings of the 30 cities on the "opportunity map."
- Housing is very affordable
- Indianapolis has 180 employers listed on the AfterCollege site; this is more than any other city in the U.S.
- The city has a good local economy and booming tourist trade
3. Other top cities listed at the top for the job market are
- New York
(The article reads, "With Indianapolis in the top spot, Phoenix, New York, Denver, and Atlanta round out the top five cities for new college grads." So, there is only 1 East Coast city)
4. Companies that are experiencing growth in Phoenix are the following:
Avnet is growing because information technology is in demand, and PetSmart is a growing business because pet products are growing in popularity; in addition, it is an accommodating company to work for since there is a child care center with a fitness center, as well. Employees are welcome to bring both their pets and their children to work; accommodations that truly save them money and stress.
5. This question is for the student to answer. Since the article is a few years old, you may also wish to consider cities in Texas, where the economy is booming. Also, other cities in the Southeast offer opportunities, lower cost of living, and lower property and housing costs.
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