Today’s new grads are increasingly following their passions over a lucrative paycheck, according to a new survey by Indeed.com. Using Indeed data, jobs being clicked the most by recent graduates today fall into more art, media, and social services compared to four years ago, when the economy wasn’t as robust.
Indeed economist Nick Bunker reveals today’s tight labor market is giving recent graduates more confidence, allowing them to look for work that gives them personal fulfillment rather than following a more traditional path. When compared to grads from four years ago, today’s graduates are predominantly looking at job opportunities in graphic design, film editing, and writing. Social work is particularly popular as well.
Here’s the Top 10 list:
Indeed found today’s graduates are also less interested in business and financial operations jobs than they were four years ago. When the economy was weaker, recent grads were more drawn to jobs that promised security.
Today, however, grads have more opportunities to choose something other than jobs on a more traditional path. For example, actuaries, economists, and nuclear engineers are getting less attention from today’s recent graduates.
“A decade ago, recent college graduates faced a labor market still in the throes of the worst economic downturn since the Great Depression,” wrote Bunker. “Things couldn’t look more different for the Class of 2019. Today’s job market looks more like the heyday of the late 1990s, the last time the job outlook was as strong.”
That eventually ended in recession, but for now times are good for the touchy-feely jobs, though not so much for a lot of other opportunities.
Here’s the list of occupations quickly losing favor in today’s highly competitive market:
“These new grads feel free to look for the types of work they enjoy, but might have passed up in a weaker economy,” wrote Bunker. “The fact that today’s grads are seeking out occupations that might be a better fit for them personally doesn’t mean that they aren’t concerned about future pay prospects. But, for some, high pay isn’t as important now as personal fulfillment.”
Of course, for companies hiring workers in the arts and social services, this trend is great news. However, employers who need to fill number-crunching positions should know that some of these jobs have lost their shine. Recruiters in these industries will have to work harder to elicit interest, according to Indeed data.
Parents need not fret, however. Indeed says annual salaries for such touchy-feely jobs don’t necessarily translate into a pauper’s existence. The occupation that gained the most interest from grads is graphic designer, where the typical worker makes $48,700 per year. Moreover, the median film and video editor makes $61,180 annually.
That’ll still buy a lot of beer.
Indeed defines a recent college graduate as a worker with a college degree between the ages of 22 and 27. They only included occupations and occupational groups for which we had at least 1,000 annual observations. Calculations were made between 2014-18. Click here for more on the methodology.
