As students near graduation from college, or are starting back to class, more often than not their thoughts turn financial. Whether they chose a major with an end career in mind or they use their college education as a springboard for new opportunities, all students must consider their return on investment. With the cost of higher education averaging anywhere from $9,000 – $35,000 per year, a lucrative life after graduation is becoming even more important. In a competitive economy, having a profitable degree from a highly sought after field of knowledge could be the key in gaining career success. What degrees bring in the big bucks? We’ve listed some below. All salary information comes from the 2008 NACE (National Association of Colleges and Employers) salary survey.

Engineering

Not surprisingly, engineering majors in every category earn an average of $60,000 their first year after college. Chemical engineers are paid the most, working for a variety of companies in different fields including manufacturing, healthcare, and business. Chemical engineers design equipment and develop products. Electrical engineers rank second, with an average starting salary of around $55,000. Electrical engineers focus on the design and implementation of equipment used in all aspects of life- automobiles, aircraft, and electrical utilities. Both of these majors apply to a variety of different fields, contributing to the overall success of their earning potential. Mechanical engineers are a close third, with an average starting salary of $54,000. Mechanical engineers are also employed in a number of different industries ranging from agricultural to business.

Computer Science

As our society becomes more and more reliant on the internet and the advancements in computer related technologies and networks, working knowledge of the systems becomes a valuable tool. Computer science majors make an average of $53,000 their first year out of college. This number does include the entrepreneurs who take their computer science background and apply it to business models, advancing technologies and expanding the horizon of development.

Economics

Business markets are highly profitable, and graduates with a thorough knowledge of economics rank high in earnings potential. The average starting salary of a first year economics graduate is around $47,800. Most economics majors work in data research or consulting, and many work for the federal and state governments.

Management Information Systems

Students with an MIS degree work in all facets of business organization. They analyze businesses and contribute to a more efficient management structure. These graduates typically start in the mid $40,000 range their first year after graduation.

Finance and Accounting

Finance and accounting grads have many different options in a plethora of fields. The type of work is varied but always in demand. These positions have very valuable knowledge in intricate areas and generally start at $46,200 their first year out of school.

Business Administration and Management

This is also a lucrative field, as titans of industry are recognized by the efficacy in business management. This major is consistently one of the most popular, and for good reason- business grads can work almost anywhere! The average starting salary is $43,500 for these students, with a chance to accrue more wealth over the length of their employment term.

Keep in mind that a student’s ultimate return on investment is subjective. Yes, these types of degrees offer access to monetarily profitable careers, but it is also important to consider the subjective and completely independent determination of wealth- something that is measured differently by each person.

Occasionally I get asked about recruiters, if the client should use one, how companies find them, and what recruiters do for companies. So here is a little article on what recruiters are about.

Making the best use of recruiters is something that almost all major corporations do now. Taking advantage of someone that is trained to sort through people means less hassle for the company—and why not? Less hassle means fewer headaches for those businesses.

Recruiters are people who have been trained specifically to hunt for various corporations to fill empty positions. They place ads in newspapers, online and in magazines to get the attention of any individual that might qualify for a job opening that they might have.

Taking the time to find recruiters who know what they are doing is the first important step for a company. Without excellent recruiters, corporations likely will not end up with the type of people that they want working for them.

Finding the best use of recruiters is up to the corporations that employ them, however, companies need to pick and choose where the need is for new hires in particular. In other words, will the corporation be expanding in Asia and the Western United States? If so, recruiters look for individuals who might have the ability to speak Japanese or Chinese, or are bi-lingual/fluent in other languages.

Another possibility would be if a company has decided to open a whole different operation. For example, Company A typically has been a restaurant chain. Now Company A wants to start some retail stores, and has the means to do it. Using a business plan, Company A will make the best use of recruiters by sending them out in whatever area it defines to find candidates to interview. Company A will have certain guidelines for the recruiters to go by, but the recruiters will pick the potential candidates.

Once the potential candidates are picked, recruiters will typically thin out the crowd somewhat before sending the candidates in for an interview. Recruiters take the time to sit and talk to each candidate for several minutes and are usually tuned in well enough to people that they can spot instantly who would work for the job, and who wouldn’t.

When you have recruiters who are available, it makes life much easier for the corporation. It is one less step that the Human Resources Department has to be concerned with. When there are so many other things that HR people have to do, using recruiters makes their job easier. For large corporations, making use of recruiters on a regular basis is a great benefit and saves them plenty of money. Smaller corporations on the other hand, may not see a benefit except once in a while—perhaps when searching for a new Chief Executive Officer or other high-ranking position.

So here is your little lesson on how recruiters help companies and what that means for you!

Throughout your career, you are definitely going to encounter a situation where you feel entitled to a salary raise but have not been offered one. Learning how and when to ask for a raise is the first towards taking control of one’s future and career. Unfortunately in these tough economic times, raises are not always freely given, in fact sometimes we feel like we are fighting for it. Capitalizing on successes and highlighting your ability to make a difference can often be parlayed in to raises. The trick is to know when to strike.

First, decide just when to ask for a raise. This can be tricky. Many employees opt to only ask for a raise on a yearly basis, but it is possible and sometimes even suggested, to ask for raises on a more frequent basis. When trying to determine the best time to ask for a raise, consider the following:

1. Is your employer financially secure? Even if your company announce it’s earnings from the rooftop, it is generally possible to determine if they are secure or experiencing cash flow difficulties. Obviously asking for a raise when a company is strapped for cash is not a great idea.
2. Has your employer recently won new business, reached a sales goal or other milestone? If so, it is often best to ask for a raise as soon as possible – especially if you contributed to the success.
3. Have you recently done something to change your company in a positive way? Finishing a large project, winning a new client or developing a helpful program for the company can make you shine and is the best way to successfully ask for a raise.

Once you have determined the perfect time to ask for a raise, you next need to learn how to do so in an appropriate manner that is professional but also persuasive (minus the chocolates and sucking up). Remember to keep all communications regarding your request positive, and be prepared for a ‘no’ or an offer that is less than you expected.

When asking for a raise, remember that your best weapon is your record of successful accomplishments. Properly documenting and presenting them is critical towards a successful request. Carefully and concisely outlining your accomplishments as well as your growth is the first step towards asking for a raise.

Finally, always remember that professionalism is key. Because of this, it is vital that an employee not ignore the management structure of their organization. Every employee should first approach their manager or supervisor with their salary raise increase request. Jumping ahead is little more than stepping on the toes of the manager and will likely not result in a raise.

If you are not satisfied with cost of living or non-existent raises, don’t be afraid to approach your manager about your needs. An employee who recognizes their strengths and contributions and is willing to learn and grow is an asset to any organization – raises simply make sense. Find the best time to present your request and documentation and you will likely see your salary increase.

Problems arise when you have to decide how to let go of an employee who has become your friend. This is not a pretty situation by any means, because it may end up costing you a friendship that you would like to keep.

If you are in a management or leadership position, there will come a time when you will have to let go of an employee who has become your friend. And it stinks… no getting around it. You will have to develop a thick ‘outer shell’ for the experience, which you may not like. However, by using some guidelines, the process will hopefully be easier on you—and possibly the employee as well. With a little luck, you may be able to save the friendship.

Take the employee/friend off into a room where you cannot be interrupted, and stay calm. Offer a drink (preferably alcoholic, but since you are at work, you probably shouldn’t), and sit down.  Do not take a drink for yourself—your hands will be occupied, but the drink will give them something to occupy their hands.

Explain that the two of you need to have a talk, and bring out any documentation, such as performance reviews, that you may have to back you up. When the friend/employee hears the words “we need to have a talk,” be prepared for them to automatically become defensive.

In my opinion, workplace relationships should consist of regular reviews—whether they are quarterly, annually or based on a different time period, it doesn’t matter. Using these reviews as a method to help back you up when having to let your friend go makes the process easier—you have documentation. Reviews are summaries of an employee’s performance, and if done properly, will help you when if it is time to let go of the employee/friend. Pay increases, behavior issues, as well as timeliness, and a variety of other things.

When it comes time to actually let go of an employee who has become a friend from their job, you will have to have a good reason why. Don’t come up with an excuse—be truthful.

If there are too many employees on the payroll, and your friend happens to be one of the newest ones, and budget cuts are happening, it’s just a fact of life. They must go. Serious behavior issues are a simple (but uncomfortable) reason to get rid of your friend. For example, has it been proven that this person sexually harassed another employee? That can bring on a lawsuit that you don’t want, so be careful.

Be fair though, and listen to the employee/friend’s objections. If they offer a solution to the situation that you had not considered, tell them you will take it under advisement. Then think about it for a specific amount of time. If it still doesn’t work for you, the firing stands.

During the process of letting the employee go, above all stay calm. Don’t yell, but be firm and truthful. Make sure that you empathize with them. Letting go of an employee that has become your friend is not easy, but sometimes necessary.

Although the Internet has been a boon to networking over the past decade or so, there is something to be said for a face-to-face networking over business lunches or trade shows. Adding a personal touch that might be missing from cold emails and Twitter, a lunch with a colleague can be an invaluable tool for you to use for everything from job leads to getting advice about a venture or idea. Trade shows offer the chance to speak with peers in your field. They know that you are interested in finding a place of employment.

People are more apt to share more personal details, and are definitely better able to read you as a person when sitting across from you at a business lunch, or spending a little time with you at a trade show. The chance to understand a person’s inflections, and gauge their sense of humor (or lack thereof), their personal foibles and idiosyncrasies or how much you might even want to engage with them outside the business milieu can only be had in a face-to-face encounter.

There are certain protocols involved when you are considering networking through business lunches or trade shows. Some are common courtesy: such as not interrupting a vendor while he’s currently dealing with a peer or customer. Wait for your opportunity to introduce yourself with a firm handshake and a business card, and get to know the person a little bit before you dive right into a lunch invitation. You might find that after a little personal interaction that you are no longer interested in getting to know someone better, or it might cement in your mind that this is someone to get on your side. Be interested in their products or sales pitch (it’s a hard, sometimes thankless job working a trade show), and ask pertinent questions.

Know that once you’ve proffered a lunch invitation to a potential networking connection, he or she may not want to talk business. Trade shows often carry with them grueling schedules, and lunch may be one of your new contact’s only break in the day.

You might consider making initial contact through the trade show venue, then following up with a lunch invitation. Be sure to let your contact know the agenda of lunch; don’t lull them into thinking a personal relationship or friendship is on the table when you’re really looking for a networking or job opportunity. Be sure to propose a firm date and time, with the offer of alternatives available. When you are networking through business lunches or trade shows do not invite anyone other than the main person (i.e., don’t show up with coworkers, or your girlfriend). Be prompt, be appropriately dressed, be courteous, and thank your invitee for their time. Once you have had lunch, remember, it is up to you to pick up the check, even if they insist. You certainly wouldn’t be impressed if you were invited to lunch and were expected to either pay or go halves; neither will they.

It seems unbelievable to me that Americans are still faced with employment discrimination when we there are so many other options available. While once rampant discrimination was perpetrated based on race, sex or religious affiliation, today one of the worst forms of discrimination is discrimination against primary caregivers (a.k.a. parents and children of sick/aging parents). Many people do not realize that there are several different kinds of primary caregiver discrimination. Learning the different types of discrimination that are practiced against primary caregivers is the best way to learn how to prevent it.

In some cases, there are laws that help prevent primary caregiver discrimination. These laws often include not only those who care of their children, but also those who care for a sick or aging parent as well a sick spouse. In 1964, the Civil Rights Act was passed. Under this act, specifically Title VII, primary caregiver discrimination is declared illegal. The law gives primary caregivers protection without declaring them a ‘protected class.’

It is also true that women are the primary targets of this type of discrimination. This is because gender stereotyping is still rearing its ugly head, making many people assume that only women can be primary caregivers. This stereotyping can lead to an additional kind of discrimination against women. Some companies will refuse to hire young married women – specifically because there is a high chance that those same young women will soon have children and thus become a primary caregiver.

Preventing discrimination against primary caregivers is a tricky matter. The truth is no company would refuse to hire a primary caregiver and give that as the cause. Instead they will site lack of experience or even too much experience. Companies that have successfully implemented a program of primary caregiver discrimination prevention have typically taken one step: they disallow interviewers or hiring managers from asking questions designed to determine if a particular candidate is or will become a primary caregiver.

The Equal Employment Opportunity Commission or EEOC has developed a list of guidelines specifically aimed at preventing discrimination against primary caregivers. These are merely guidelines and not legally binding, but it’s still important to know and perhaps implementing a similar program might ensure that a company is not actively discriminating. The following is what the list includes:

1. Develop a list of qualifications for each open position
2. Focus only on a candidates abilities, strengths and weaknesses
3. Actively recruit primary caregivers
4. Engage in careful review programs to monitor performance and compensation evaluations
5. Whenever possible offer flex time as an option for employees

Remember: an employer IS NOT ALLOWED TO discriminate against primary caregivers. Because of the prevalence of lawsuits, employers are recommended to follow the guidelines set forth by the EEOC and to actively monitor their hiring practices as well as the terms and conditions of employment. Primary caregiver discrimination is still a problem today, but it doesn’t have to be.

Almost everyone is faced with the prospect of leaving their job at some point. Whether you have decided to move, change fields, accepted a better offer, or just wanted to quit, the very idea of offering your ‘two weeks’ notice’ can drive fear into the most forthright employee. Even worse, many employees do not know the various options they have for leaving a job – especially when you leave for another, more lucrative, position. Deciding how much notice you should give when leaving a job is anything but easy.

Before even considering the alternative options available for leaving a job, you must first perform your due diligence. In some cases, an employment contract may exist which specifically details the conditions under which you are allowed to leave your position. These terms must be followed exactly. This information is typically easy to find. If you did not retain a copy of your employment agreement yourself and do not wish to tip off your employer that you may be leaving, you are entitled to a review of your employment file and can easily locate the information.

Next, you must consider the nature of your job. Those in unique positions that may be hard to fill or those in management positions may need to consider giving some additional notice. In some instances it can be helpful to discuss your move with a manager to determine what their expectations are. The general rule of thumb is two weeks and most employees tend to stick with these guidelines.

Unfortunately, in some cases it may be necessary to leave with less than the typical two week notice. This is especially true when an employee that is leaving to pursue another position which they need to start soon. While an employee has the ability to leave their current job immediately, unless otherwise prohibited, it is often not suggested. When determining how quickly you can leave your current position, always remember the old adage: Don’t burn your bridges. In the employment world, many times specific industries are very small and it is easy to get a bad reputation – especially if you leave a position with little or no warning to your employers.

Or, in other cases, the employer may ask you to leave immediately. This happened to me. Twice. In both cases, the reasons had to do with the competition and clients (even though I wasn’t going to a competitor either time).  When that happens, you have no choice but to leave. I didn’t mind. That meant some much needed time off before the next job.

Like many facets of employment, how you handle your departure from a current position says a lot about you as a person. By handling an exit with grace and professionalism, you can easily begin to establish yourself as an employee with integrity. It is important to handle every aspect of your departure in a professional manner. From letters of resignation to the goodbye lunch, behaving in a professional way will make you stand out.

Knowing how much time to give your current employer is a complex issue. It is one that is best handled by following the guidelines set forth in your employment contract. If one does not exist, be sure to approach the issue professionally and to work as closely as possible to ensure a smooth transition.

The world is moving faster than ever. In fact, it often seems like everything about our lives is changing – sometimes on a daily basis. From online shopping to cellular phones that access the internet, technology has often driven the changes we see. Our work place is no different. Once it was expected that a 9 – 5 job was just that. Today employers have the ability to offer their staff a variety of work methods. Telecommuting is particularly popular. Less well known is the idea of flex time. While not as many employers offer flex time, those that do believe it allows their work staff to be more productive. Learning about work options should be an important part of every candidate’s research and decisions making process when looking for and interviewing for a new position.

I love the idea of flex time. When I was around 10, my mom went back to work. She was offered flex time. It went like this: she worked Monday, Tuesday and Wednesday morning, and Pat worked Wednesday afternoon, Thursday and Friday. It was perfect. They both worked hard those 2 1/2 days to make sure their work was done. Their bosses never once complained, in fact the opposite. You couldn’t find harder workers. It gave both women time with their children and families while earning a little extra income. Awesome. Why don’t more employers offer it? I decided to do a little more research on it to find out.

The idea of flex time isn’t that new. Employees are offered the ability to create a schedule that works for their particular needs. The employer typically publishes a set of guidelines and then works directly with an employee to pick a flexible schedule that will allow the necessary work to take place in a timely manner while still allow the employee to be flexible. This concept has worked particularly well for working mothers or employees with unique family obligations. For example, an employee with a school age child may wish to adjust their hours in order to be home when their child arrives back from school. They may request a flexible schedule of 6 am – 2 pm. The employee will still work a full 40 hour week but will have the ability to address the needs of their child.

Typically both the employer and the employee see flex time as beneficial. Employers tend to see a higher rate of productivity in their employees; after all happy employees are productive employees. Additionally, the absentee rate typically drops as employees schedule allows them to focus their work time on work and their off hour time on other pursuits, such as family. They also note that the ability to work during off peak hours often gives them quiet time that can be used to focus on larger projects without the worry of customers or coworkers bothering them.

Deciding to ask for flex time is very much a personal decision. Anybody considering the move should first determine if their company is even open to the idea. Try approaching your manager about your particular needs–it might be the next step in creating a flexible schedule. Whenever possible this discussion should take place during the hiring process to prevent conflicts.

Flex time can be an excellent tool to keep employees happy, healthy and productive. It can also help manage that all too often forgotten balance between home and work life. If you are interested in the idea of flexible scheduling, don’t be afraid to ask. A clearly presented explanation of your request and the ability to work within the guidelines of your company often go a long way.

It may be true that getting an interview is half the battle, but what about the interview itself? Nerves can often overwhelm you when you are placed in the position of interviewing for a long sought after job. Learning to control your nervous habits, tics or even a stutter is one of the most important job seeking skills you should master.

It is important to consider the psychology behind nerves during an interview. Often, so much seems to ride on an interview. Desperation for a job or simple longing for a change can make an interview seem like a life or death situation. Sit back, take a deep breath and recognize that it is nothing more than a simple conversation about who you are as a potential employee. No matter how desperate your work situation is, an interview is nothing more than a chance to sell yourself. If you interview poorly, the sun will still rise the next day. By removing some of the pressure a typical interview can generate, you will already begin to realize that some of your nervousness is dissipating.

Preparation comes next. The more prepared you are for an interview, the easier it will be for you. From dress and grooming to a careful review of the company website, preparing for an interview should be done precisely. Leave nothing to chance. Collect your interview attire several days in advance and carefully review it. Have a backup suit prepared as well. Make several copies of your resume and portfolio, if needed, and have them ready. Stow a copy in your briefcase and one in your trunk. Remove all of the potential headaches the interview day may bring. If you don’t have to rush about searching for your tie or your other shoe, you are more likely to arrive at the interview with all your nerves and wits about you.

Common sense plays a role here as well. Be sure to get a good night’s rest the night before, no matter how hard it is to sleep. Eat a well balanced meal an hour or so before the interview and take several practice drives to the interview locations. Being well rested, fed and knowing exactly where you are going is a giant step in the right direction.

If you suffer from a particular nervous tick, like sweating under pressure, prepare for that as well. Practice relaxation exercises that can be performed in the waiting room or place tissue in your pocket for wiping your hands with. Try to counter each nervous tick to remain calm.
Those that suffer from a stutter have it a bit harder, but even still there are things that can be done to make the interview go more smoothly. Practice saying common words and phrases that are likely to come up during the interview. Carefully note letter or sound combinations that cause you difficulty and find alternatives before the interview so you can use them instead of the words that give you difficulty.
Confidence plays a major role in landing a job. Don’t let your nerves get the best of you. Relax, breathe and be yourself. You’ll do great!

Job rejection is an inevitable and discouraging part of the job search process–we’ve all been there. Even so, each rejection is a lesson learned; with this in mind, you can maintain the confidence necessary to move forward to your ideal job. When dealing with job rejection, the two most important things to do are to ask for feedback from your interviewer and keep in mind that being passed over for a job isn’t necessarily within your control.

Getting Feedback

Although job rejection might cause you to feel disappointed in your efforts, you can still gain something positive from each experience. Ask hiring managers what you can do to improve your chances in the future – some might be more than willing to give you some pointers if they felt you were a viable candidate who simply lost out to someone more qualified.

When you speak to the hiring manager, you can ask whether there are other opportunities within the company that might be a better fit for you. Even if there are no other open positions at that company, it doesn’t hurt to let them know of your interest in working for them. Your perseverance might pay off by landing you an even better job later on.

Your interviewer is not your only valuable source of information; you can also talk with your friends and family. Some people are reluctant to do this because they feel that speaking about job rejection means admitting failure – as mentioned, this isn’t the case. Your friends and family can provide valuable guidance to steer you in the right direction. The more people you open up to, the more potential you will have to get interview tips or even job leads.

What You Can Do in the Future

There are a few ways that you can improve your chances of being called back after a job interview. Most importantly, remember that job rejection is not a measure of your worth, so don’t take it personally. The job market is always competitive, even when the economy is thriving. Your confidence in yourself, or the lack thereof, will show, so always maintain a positive outlook in your job search.
After each interview, step back from the experience and think of the things that you could have done differently. Many people become nervous at job interviews and as a result, they slip up in one way or another. Whether you stutter or don’t make enough eye contact, recognize those mistakes so that you don’t make them again.

In your future interviews, send a thank-you note to the interviewer as soon as possible. Thank him or her for speaking with you, and say that you look forward to hearing about the position. It’s assumed that job applicants are searching in more than one place for a job at any one time, so following up shows that you are genuinely interested in the job.

Dealing with job rejection can be tough, but it is something that everyone encounters at one point or another. Seeking feedback and realizing that some factors are beyond your control will help you to move forward in your job search and find an ideal fit for you.