Job Market to Rebound for College Grads

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According to a recent report, college grads should see a jump in hiring in certain key industries in 2011.

By Reese Nelson

There's good news for grads in 2011.

College graduates - especially those with bachelor's and MBA degrees - should see a jump in hiring by certain employers in 2011, according to a new report.

Michigan State University's 2010-11 Recruiting Trends report, which surveyed about 4,600 employers, indicates that the national job market for college grads should experience a slight rebound next year.

Hiring of bachelor's and MBA degree holders is expected to grow 10 percent, said Phil Gardner, director of MSU's Collegiate Employment Research Institute, which conducted the survey.

[Click here to find the right degree program for you]

The positive trend in hiring for college grads, according to the report, will come as large corporations end hiring freezes and small, fast-growth companies (those with nine to 100 employees) start to hire.

Hiring growth will be focused in certain sectors of the economy, mainly professional services, financial services, and the federal government.

So what can you do to improve your employability in 2011 and the years to come?

Check out these degrees that could help you get on the right track.

Degree #1 - Accounting/Finance

Think a career crunching numbers and analyzing data is for you? Look into bachelor's degree programs in accounting or finance. In 2010, accounting majors received the most job offers before graduating, according to the National Association of Colleges and Employers (NACE) 2010 Student Survey. [Search for Accounting/Finance schools now]

Related Careers and Average Salaries:*
Accountant/Auditor: $59,430
Budget Analyst: $65,320
Financial Analyst: $73,150

[Find the right Accounting/Finance school for you]

Degree #2 - Business

Business majors were right behind accounting majors when it came to getting job offers, according to NACE's Student Survey. That's no wonder when you consider the real-world applications you could take away from a business degree program. In addition to being a requirement for many entry-level business positions, you can take this degree to other industries too (including health care and technology). [Find online and local Business schools now]

Related Careers and Average Salaries:*
Retail Sales Worker Supervisor: $35,310
Employment, Recruitment, and Placement Specialist: $45,470
Sales Rep (Wholesale and Manufacturing): $70,200

[Find Business degree programs now]

Degree #3 - Computer Science/Information Technology (IT)

If you want to earn a degree that's really in-demand, consider a bachelor's degree in computer science or information technology. According to the MSU report, IT workers should see "very strong" demand for their services in the coming year. NACE's survey backs up MSU's findings ...computer science majors also made it to the top of the list of college graduates most likely to receive job offers before graduation. [Find the right IT/Computer Science school]

Related Careers and Average Salaries:*
Computer Support Specialist: $43,450
Computer Programmer: $69,620
Computer Systems Analyst: $75,500

[Search for IT and Computer Science schools]

Degree #4 - Paralegal Studies

According to the U.S. Department of Labor, paralegals with experience and formal preparation should enjoy the best job opportunities. If you already have a bachelor's degree, you might want to consider earning a paralegal certificate, which can be completed in less than one year. [Find Paralegal schools and programs now]

Related Careers and Average Salaries:*
Paralegal: $46,120
Legal Secretary: $30,611 - $53,159

[Search for Paralegal schools near you]

Degree #5 - Master of Business Administration (MBA)

If you want to advance your career - and your earning potential - an MBA could help you make it happen. According to a 2006 report from the Graduate Management Admission Council (GMAC), new professional hires from MBA programs could have an estimated average salary of $80,292 per year. [Search for local and online MBA degree programs]

Related Careers and Average Salaries:*
Management Analyst: $73,570
Medical and Health Services Manager: $80,240
Marketing Manager: $108,580

[Find the right MBA degree program for you]

*All related careers and average salaries data is from the U.S. Department of Labor's May 2008 data, except for Legal Secretary, which comes from PayScale.com.

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