College Students Show Extreme Concern over Post-Graduation Job Prospects; 48 Percent of Students Expect Zero Job Offers Upon Graduation
Poll Results Indicate a Marked Contrast to Previous Years' Findings
MAYNARD, Mass., Apr 23, 2002 (BUSINESS WIRE) -- Signaling the belief that they will encounter a tight job market this spring, college students and recent graduates are not optimistic about their future employment opportunities. 48 percent of students expect to have zero job offers when they graduate, according to a recent MonsterTRAK poll. In comparison, 23 percent of students did not expect to have a single job offer last year. Additionally, in this year's survey, just 11 percent of students expect to have four or more job offers. In comparison, nearly three times as many students (30 percent) expected to have four or more job offers upon graduation in 2000 and 2001. MonsterTRAK, the definitive career resource for college students and alumni, is a product of Monster(R), the leading global online careers site and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW).
In an online poll conducted April 1st -April 8th, MonsterTRAK asked,
"How many job offers do you think you'll receive when you graduate?"
-----A total of 1,999 votes were cast, revealing:
-- 48% (965 votes) said: "None."
-- 18% (352 votes) said: "One."
-- 17% (337 votes) said: "Two."
-- 11% (223 votes) said: "Four or more."
-- 6% (122 votes) said: "Three."
This same poll was conducted for each of the last two years. Below is a historical comparison of the results:
None One Two Three Four or more April 2002 48% 18% 17% 6% 11% March 2001 23% 10% 20% 17% 30% May 2000 27% 9% 19% 15% 30% "With the tightening job market, college students are becoming increasingly concerned about finding post-graduation employment, according to this recent poll," said Ken Ramberg, senior vice president of MonsterTRAK. "Opportunities still exist; as students broaden their geographic, salary and industry preferences, they'll find that there are a large number of employers who are looking to fill entry-level positions. And, unlike the class of 1991, which graduated during the last recession, the class of 2002 has access to Internet and a wealth of job listing information from across the globe. The slow economy coupled with new low-cost recruiting methods has been a windfall to more traditional, smaller and less geographically desirable companies that previously had trouble recruiting top college talent."
Recently recognized as the Best College/New Grad Jobs Site by Yahoo! Internet Life magazine (May 2002), MonsterTRAK teams-up with over 1,350 college and university career centers, MBA programs, alumni associations and student groups, providing more entry-level jobs than any other career management entity, on- or offline. Since its inception in 1988, more than 500,000 employers have utilized MonsterTRAK to post full-time, part-time and internship opportunities.
The results of the current MonsterTRAK poll are based on votes cast by MonsterTRAK users from April 1st to April 8th, 2002 on the homepage of MonsterTRAK (http://www.monstertrak.com). Only one vote per user is counted toward the final tabulation. The content of the MonsterTRAK site is targeted specifically to college students and is a password-protected site. Only students and alumni who have a password from their career center can go further than the homepage. Anyone interested in voting in MonsterTRAK's current online poll may do so by logging onto MonsterTRAK at www.monstertrak.com. Users may review the results of past polls by going to http://content.monstertrak.monster.com/polls.
Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 43 million unique visits during the month of March 2002 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 11,000 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.
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