About 1.5 million college graduates younger than 25 were jobless or underemployed in a survey released last April, the highest mark for unemployment among that group in 11 years, when the dot-com bubble burst and temporarily halted job growth among young college grads.
The unemployment numbers were based on a 2011 Current Population Survey data by Northeastern University researchers and supplemented with material from Paul Harrington, an economist at Drexel University, and the Economic Policy Institute, a Washington, D.C., think tank.
IU business school officials said the Kelley Compass will emphasize the importance for the campus’s newest business students to pinpoint their strengths and weaknesses before they progress in the program without a set plan for what they’d like to do with a business degree.
“A fulfilling career goes beyond making money,” said Susan Vargo, co-director of communication, professional, and computer skills for the university’s business school. “Students will identify their talents, passion, and related career paths—perhaps ones they didn’t even know existed.”
Daniel Smith, dean of the Kelley School, said in a statement that intensive study of the political and economic factors that impact the subjects studied during a student’s three years in the Compass program would safeguard against a class of recent graduates floundering in the job market.
“Pursuit of learning, in all its levels and forms, should always be a goal, but a college degree is not enough to land a dream job,” Smith said. “We believe that our deliberate approach to career planning will give graduates a surer start and the skills to flourish in global job markets that may be equal parts uncertain and exciting.”