![]() Others, like Pace University senior Alessandro Seni, want to work on their own startups full-time after graduation. “I feel like everyone at some point is like ‘I want to go work for Google-I can go slide down some slides ’-but I’ve been pulled away from that thought process,” Cusack says. After looking since February, she’s getting more creative, sending along video with applications and zeroing in on jobs that use her analytics and consumer insights skills.Īs tech companies have made big cuts, she thinks it could have an impact on her peers. Sophia Cusack, who is about to complete a master’s in marketing at the University of Tennessee, says she had always wanted to move to New York and work for a major beauty corporation like L’Oreal after graduating, but amid a tougher job market, is targeting jobs at agencies or smaller firms and looking to move back to Charlotte, N.C. Meanwhile, government sector job applications are up 104%, according to Handshake’s new report. In a separate data analysis, Handshake saw an 8.1 percentage point drop in applications to tech employers and an increase in applications for all other industries for students with technology majors applying to internships this year. Like Zhukovets at Yale, this year’s graduating class is showing an increased appetite for tech roles in other sectors. ![]() When companies were hiring even more people than they knew what to do with and the economy was “super hot,” Dearborn says, “new grads had so many choices that they felt frozen.” Some even hesitated to “say yes to something good-because something great might be right down the line.” Now, Dearborn says, “new grads are more pragmatic.” Plagued by the pandemic throughout their college career, the class of 2023 is more comfortable with change, says Jenny Dearborn, a veteran human resources executive who has held C-suite positions such as Hewlett Packard Enterprise and SAP. While she’s hoping to still get a job in tech, “I’m trying to find those alternatives and compromises.” “I’d rather work in a smaller company where I can get more hands-on experience and have more impact in my job,” she says. Zhukovets is just one of many students resetting both their expectations-and their goals. “I think the luster is definitely lost,” she says. While young job seekers will certainly jump at jobs in big tech firms when hiring increases again, says Cruzvergara, the large-scale layoffs of the last few months and “ perk-cession” that’s gotten underway could have a lasting impact on how young workers view the culture and security of tech jobs. data from a survey of 954 student users of Handshake, a job search platform for college students The percentage of students who prioritized a fast-growing company in their job search sank from 39% last summer to 19% this spring. Handshake’s survey also shows that 36% of respondents said they are opening their job search to more industries, companies and roles while 71% said they’re willing to move to a different city for the right job. They’re not just attracted to the big name, fast-growing companies-the flashiness of what you saw a lot of previous classes gravitate toward.” ![]() “You see this shift in what they’re looking for. She says this year’s graduating class is unique in that it has had all four years of college disrupted by Covid-19, saw ChatGPT explode onto the scene during their senior year and watched their parents’ lives disrupted by the financial crisis during elementary school. “They’re thinking ‘I don’t want any more instability,’ ” says Christine Cruzvergara, chief education strategy officer at Handshake. Over the same period, those who prioritized a fast-growing company in their job search sank from 39% to 19%. According to a survey of 954 student users of Handshake, a job search platform for college students, the share of 2023 graduates who say company brand is a factor in their job search dropped 10 percentage points between summer 2022 and spring 2023. Now, many in the class of 2023 are shifting their focus.
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