how are the 22/23/24 grads faring with this job market
I’m not sure if it’s just me but it seems like the job market has been so bad. I’m scared and I feel like others out there are landing jobs so it seems to be just me
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The job market for recent graduates, including those from 2022, 2023, and 2024, has indeed been challenging, especially in industries like investment banking and private equity. Based on the most helpful WSO content, here are some insights:
Tough Competition: Jobs in high finance are still available, but they are primarily going to top-performing candidates with strong pedigrees and connections. This means that even highly qualified individuals are facing intense competition.
Networking is Key: Success stories from tough economies highlight the importance of networking. For example, one individual from a non-target school with below-average grades managed to secure internships and eventually a front-office role through relentless networking, a strong work ethic, and adaptability.
Economic Cycles: Graduating into a recession or a slow economy can feel isolating, but it's not uncommon. Many graduates from the 2008-2010 period faced similar struggles, with some pivoting to adjacent roles or even leaving the industry temporarily.
Persistence Pays Off: The job market may seem bleak, but persistence and adaptability are crucial. Exploring adjacent roles, gaining experience, and continuing to build your network can help you stay competitive until the market improves.
If you're feeling discouraged, remember that you're not alone. Many others are navigating the same challenges, and with the right strategy, you can still find opportunities. Keep networking, refining your skills, and staying proactive!
Sources: Graduating into a Bad Economy, Graduating into a Bad Economy, End to a Rough Quarter | The Daily Peel | 6/30/22, Recent Grads - Do we still have jobs??, https://www.wallstreetoasis.com/forum/school/mba-summer-associate-2021-recruiting?customgpt=1
so bad. haven't been able to start my career and know others in similar shoes.
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