As graduation season approaches, the internet is becoming swarmed with surveys and editorials about the current state of the job market. One of the more extensive additions comes from Wallethub. Taking three key factors into account-namely, immediate opportunity, growth potential, and job hazards, the authors composed an objective ranking of the best and worst entry-level jobs.
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All three of the factors mentioned above are worth a total of 40 points each, though more specific metrics contribute to an equitable grading.
Immediate Opportunity is determined by average starting salary, number of job openings, and unemployment rate. Growth potential is graded based on the respective’s job’s projected expansion by 2026, typicality of on the job training, median annual salary, work experience in related occupation needed, median tenure with the employer, and occupation schedule flexibility. Lastly, job hazards refer to the degree of fatal occupational injuries per 100,000 employees in the last three years, and typicality of working more than 40 hours a week.
Using these metrics, Wallethub compared one-hundred and nine different entry-level positions and raked them thusly below.
The authors of the report additionally include some useful tips from several experts. It’s important to remember that determining longevity when diving into a new job, requires a little more than merely examining figures. As Dona Gaynor, director of Career Management Services of the Florida Institute of technology points out, sometimes low-paying gigs are genuinely worth the relevant relationships and experience that they provide. This is important because many job seekers erroneously fear that they linger for too long in an entry-level position based on income alone. Gaynor adds, “My advice would depend on their preferred career field or industry, as well as the financial situation for the job seeker. If the job seekers have the financial means to support themselves while gaining valuable experience in an unpaid or low paying opportunity then this might be a good option for them to advance within that field.”
On balance, Gaynor recommends new graduates stay in an entry-level job for about three years, assuming a better offer does bit appear before then.
Conversely, Kathy Kassissieh, who is the interim Director of Career Services & Employer Relations at Rose-Hulman Institute of Technology, believes a new employee should expect to remain at their position for about a year. After that, it’s perfectly fine to express interest in advancing to your employer. If opportunities to move up are currently unavailable, Kassissieh suggests employees start updating their resume.
As far as predicting which entry-level jobs will yield a career, as opposed to a dead end, Gaynor is much more optimistic than Kassissieh, who believes there’s no real way of predetermining such a thing. Gaynor suggests new employees do a bit of research: look up employee reviews and use employment databases like Linkedin and Glassdoor, to get a gage of worker satisfaction and turnover rate.
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