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When you're graduating and just starting out in the workforce, it may seem that everyone is getting a job faster than you are or no one is moving back home to live with their parents. Well, it's time for a reality check.
The truth is that over a million people graduate from college each year, so I promise that whatever your situation, lots and lots of other people are right there with you. Take this quick quiz to learn the real stats about college graduates and the job market:
1. How long does it take the average college graduate to
get a job?
Answer: b. According to Money magazine and many other sources, it generally takes several months to land a first job, so be prepared not to find a position overnight.
2. What percentage of college graduates move back home
Answer: c. Monster TRAK's survey of 2006 grads found that almost half will move back home. This percentage tends to go up when students graduate in a year when the economy is poor. It's perfectly okay and totally normal to move back in with your parents or parent for a while to save money and get on your feet professionally.
3. How long do most recent college graduates plan to stay
in their first job?
Answer: b. Monster TRAK's survey also revealed that 60 percent of 2006 college graduates said they planned to stay in their first job for two years or less. If you're an average American college graduate, it's highly unlikely that your first employer will be you last. While it's commendable to look for an employer you'll want to remain with for a long time, it's okay to make a decision based on where you want to be for the next few years only.
4. How much more money over a lifetime does a college
graduate make than a high school graduate?
Answer: c. The U.S. Census Bureau reports that over a typical, forty-year working lifetime, the average college graduate earns about 75 percent more. This can equal about $1 million or more. So, yes, that degree is worth it!
5. About how many jobs will the average person have in his
or her lifetime?
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