March 23, 2017 by Matt Krumrie
Recent college grads seeking entry-level jobs in the banking industry are heading into the field at the right time. That’s because many baby boomers who hold senior-level positions are expected to retire in the next five to ten years, and community and regional banks are looking for recent college grads and entry-level job seekers to emerge as industry leaders.
“America’s banks employ more than two million people with various backgrounds, skill sets and job functions,” said Mike Townsend, a spokesman for the American Bankers Association. “Thousands of baby-boomer bankers are likely to retire within the next decade, and opportunities for advancement will be abundant for the next generation entering the workforce.”
The need for emerging talent is a real issue across the country, including in the state of Ohio, where many banking jobs are going unfilled because there aren’t any workers to fill the openings, according to Bob Palmer, president of the Community Bankers Association of Ohio.
“There is a talent drain occurring very quickly in our industry,” Palmer said in the article Clark State adds banking program to meet demand for workers.
“The majority of those involved are older and in the later stages of their careers and we are experiencing a large amount of retirement,” said Palmer, who added, “quite frankly if we don’t have the talent to take care of our local community here, there will not be a place for community banks.”
The leaders at the Conference of State Bank Supervisors (CSBS) are aware of the shortage, and working to fill the skills and talent gap. CSBS is a nationwide organization of financial regulators from all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands. The vision of CSBS is to be the recognized leader advancing the quality and effectiveness of regulation and supervision of state banking and financial services.
The CSBS has created the Community Bank Case Study Competition, partnering with representatives from 33 Universities across the county for an engaging and experiential learning opportunity for undergraduate students as they interact with local businesses by partnering with community banks to conduct case studies. Students who participate in the CSBS gain valuable, first-hand knowledge of the banking industry through interactions with bank executives and networking opportunities. The competition is also an opportunity for students to sharpen research and analytical skills, practice problem solving, and enhance communications skills.
“The competition gives students an opportunity to learn in a tangible way about community banking,” said Mike Stevens, Senior Executive Vice President of CSBS. “They also get direct engagement with bankers and other business leaders, expanding their network.”
The case study competition energizes both students/participants and experienced professionals already working in the industry.
“The (students) bring much needed energy to banking,” said Stevens. “When the winning team presents at the CSBS-Federal Reserve research conference, the bankers are happy to see students interested in what they do. The energy and attitude in the room changes dramatically. One thing that surprised me is that everyone who participates in this project – faculty, students, bankers, and judges, all say how inspiring it is to see the work product and engage with the students.”
Stevens says entry-level jobs in community banking are a great career path for recent college grads truly looking to learn a wide variety of skills.
“Community and regional banks provide a lot of opportunities for an entry level banker,” said Stevens. “Community bankers really have to do it all. A recent college grad coming into a community bank has the opportunity to learn about nearly every area of a bank in a relatively short time period.”
What many recent college grads overlook is the fact that they don’t always have to have a background or education in finance to start an entry-level banking career.
“Banks need people with a variety of skills – marketing, information technology, security, legal,” says Stevens. “I hear many hiring managers say, ‘give me someone who can write, speak, and think through issues, and I can teach them about banking.'”
Below, we look at the education, soft skills, and keys to success for recent college grads seeking entry-level banking career opportunities:
March 16, 2017 by Matt Krumrie
Fake email addresses. Copycat web sites. Requests for personal information before a job is offered. Interviews conducted only via instant messaging. Promises of salary that are too good to be true. Requests to submit payment to move to the next step of the job search.
These are just a few of the dirty tactics scumbags use to try and scam job seekers, including inexperienced job seekers like recent college grads and entry-level job seekers. The threat is real, and like any online or cyber threat, the people conducting the fraudulent activity are often trying to gather information to steal one’s identity or money.
The team at College Recruiter takes the threat of job search scams and fake job postings seriously, and has implemented a multi-step process that identifies and blocks the vast majority of identity thieves and other scammers from ever posting a job to College Recruiter. In fact, every single job advertisement placed on College Recruiter goes through an in-depth verification process to prove the job posting is legitimate, and all ads are verified through actual contact with a human with the employer posting the job ad – something not every job board can claim.
“Here at College Recruiter, we take these fraudulent attempts very seriously and work daily to ensure all the jobs that are posted on our web site are from verified employers to protect our job seekers from applying, interviewing, and becoming victims of identity theft,” says Dani Bennett, Sales and Client Services Manager at College Recruiter.
In the article Rise of Recruitment Scams Hurt Both Job Seekers and Employers Alike, the team at global outplacement and executive coaching firm Challenger, Gray, & Christmas identified some recent and unfortunately, popular job search scams. What may be surprising to many is that these scams don’t just target small companies. Here are some examples:
- Scammers created a false ad for Rio Tinto, one of the world’s largest metals and mining corporations. When a job seeker responded, the person who received the email asked for additional personal information, such as tax files, driver’s license, and birth certificate. Scammers then used this information to open credit cards and bank accounts. The messages from these so-called recruiters sound legitimate. In the Rio Tinto case, the recruitment email included an application with the company’s name and logo.
Remember, anyone can set up a fake web site or email account, for example through free email providers like Gmail, Yahoo!, or Hotmail. College Recruiter, however, will not accept any job postings that use a free email provider to receive job applications.
- In another incident in Houston, scammers set up an actual interview, via Google hangout, using the name of a reputable company, and then offered a position. The scammers then asked the job seeker to move around large sums of money, in this scenario, up to $3,000. To carry this out, they sent fraudulent checks made out to the job seeker to start a home office, then asked the job seeker to forward that money to a third party vendor.
“Any time a company asks you to pay or hold money for them, you should immediately see red flags,” said John A. Challenger, CEO of Challenger, Gray & Christmas, Inc. “A credible employer would never ask their employees to move money through their personal accounts. That’s why companies have accounting departments.”
- In July, Shell Oil, one of America’s largest oil and natural gas producers with over 22,000 employees, posted a notice on its careers site warning job seekers that scammers were using the Shell name and logo to recruit for positions.
Besides the obvious problem for job seekers, the toll these scams can take on a company’s reputation is huge, says Challenger. Most employers don’t know these fraudulent job postings are out there until they are contacted by job seekers who have figured out it’s a scam and contacted the legit company directly. By then, the company reputation is already damaged with those job seekers.
“From a recruitment perspective, once a company’s brand has been associated with these fraudulent ads, it may be difficult to attract the talent needed when a position becomes available,” says Challenger.
College Recruiter Founder Steven Rothberg added, “Some job boards, like College Recruiter, have formalized, proactive, anti-fraud measures in place, but many job boards are more reactive and rely upon their users to complain about fraudulent postings before the job board takes any action.”
Not only do cyber criminals post fake job ads, unethical recruiters also post fake job ads, often on sites where they can post free job ads. Why would they do that? To act like they are “well-connected” and have a long list of candidates to choose from. A recruiter may submit these resumes to the employer for which they are hiring for, to show activity – which employers value when working with recruiters – and that they have an active pipeline of candidates, when they have no intentions of responding to, interviewing, or hiring these employees.
How can a job seeker spot a fraudulent job posting, or job search scam? Follow these tips from the Better Business Bureau of Minnesota and North Dakota:
March 09, 2017 by Matt Krumrie
Dear Matt: I’m a recent college graduate who is struggling to get interviews. I have sent in over 30 resumes and applications but haven’t received one call for an interview. What am I doing wrong?
Matt: I still remember the very first resume I ever sent after graduating from college. I applied for a research position with a local business publication. I never got a call. And I know exactly why. In fact, I am 100 percent certain the person never read past the first sentence of my resume. Why?
Because my opening statement included this language: “Seeking entry-level opportunity that will help me advance my career.”
What’s wrong with that?
First, it made it about me. I get it. You are excited. You worked hard to graduate from college and are now eager to start your career. But if you learn one thing from this article learn this:
A resume is never about you!
How so? Isn’t a resume my career biography? The document that tells employers why they should hire me?
A resume is not about you. It’s also not a career biography. It’s a marketing document that quickly tells the employer that you may have the skills and background that fit their needs. For that research position, a more appropriate summary statement should have been:
Recent college graduate with 3 years of award-winning college newspaper leadership experience seeking opportunity as research coordinator for business publication.
In that summary I would have showed them:
- I had college newspaper experience.
- I had leadership experience (resume would show I worked as an assistant editor)
- I was part of a team that won a few college newspaper awards.
- And that I am directing this resume exactly to this position.
The reality is this:
A resume should show that you have skills, experiences and a background that would fit a specific job opening – their job opening! It’s about how you can help the next employer fill their needs and solve their problems. Their problem is they have a job opening. They need someone to fill it. That person, whether it’s you, or someone else, should use the resume to show the employer that you have the skills, achievements and combination of soft and hard skills that would entice them to bring you in for an interview. Then in the interview, the employer can learn more about you, see if you truly are who you say you are, and most of all, find out if you are the right fit for the position, with the team you would be working with, and within the company culture.
The second thing to remember is this: The resume doesn’t get you hired. It does though, help you get you an interview.
March 07, 2017 by Matt Krumrie
Compassion, patience. A willingness to help. A desire to continually learn. Those are all important traits of a successful nurse, say Dr. Kim Hudson-Gallogly, head of the University of North Georgia’s Department of Nursing.
“The medical field is constantly growing and changing,” says Hudson-Gallogly. And recent college grads pursuing a career in nursing or nursing jobs must be prepared to adapt now, and in their future. Especially when it comes to landing that entry-level nursing job.
Those pursuing entry-level nursing careers should “try and expose yourself to many different areas of nursing so that you can know where your interests truly lie,” says Hudson-Gallogly. “That way, you can have at least a couple of areas you would like to work in, in case your first choice is not available.”
According to the American Nursing Association “Nursing is the protection, promotion, and optimization of health and abilities, prevention of illness and injury, facilitation of healing, alleviation of suffering through the diagnosis and treatment of human response, and advocacy in the care of individuals, families, groups, communities, and populations.”
To succeed in a nursing career, college students and recent college grads pursuing nursing careers need excellent people skills with the ability to listen, observe, and communicate with others, says Rhonda Bell, Dean of Health Sciences at San Jacinto College North.
“A nurse is a team member in an ever changing dynamic health care system,” says Bell. “He or she must have the ability to work as a part of a multi-disciplinary team in order to achieve the best outcomes for the patient and family receiving care.”
Nursing can be a stressful career, says Bell. But also rewarding. A nurse must be able to manage stress and deal with emotional situations, as well be flexible and adaptable on short notice. What it comes down to is, a nurse must have a passion for caring for others, says Bell.
Nurses are taught to be unbiased and non-judgmental when caring for all cultures, ethnicities, socio-economic groups, genders and age groups, says Dr. Janet Mahoney, Dean of the Marjorie K. Unterberg School of Nursing and Health Studies at Monmouth University.
“The profession is guided by the code of ethics,” says Mahoney. “Nursing is a highly respected profession and one that the public highly regards as one of the most trustworthy.”
Nurses portray calmness in a sea of chaos, adds Mahoney. As new nurses join the field, they quickly learn how to multitask and delegate appropriately. Each patient’s care experience brings nurses to a new level of knowledge, competency, and confidence. Each experience builds on the other to form a firm foundation.
What are some other skills and traits of a successful nurse? What does it take for current college students and recent college grads to succeed in a nursing career? Nursing industry educators and leaders provide these 10 secrets to success for recent college grads pursuing nursing careers:
March 02, 2017 by Matt Krumrie
Robin Rectenwald graduated from Duquesne University in 2012 with 20 different student loans and $100,000 in loan debt. But through working a full-time job, two part-time jobs, working with a financial planner, and creating strategies to successfully pay off her student loan debt, she is setting herself up for financial freedom from her student loan debt.
Now, in 2017, she only has five loans left, and is quickly whittling down the amount she owes.
Learn about Robin’s story, her strategies for success and how to reduce and eliminate student debt below in this College Recruiter Spotlight on Success:
Name: Robin Rectenwald
City/state: Pittsburgh, PA
Current profession: PR Professional for WordWrite Communications
College/University attended: Allegheny College (1 year) and Duquesne University (3 years) – both private schools
Annual tuition: $42,000 and $25,000
Student loan debt at graduation: $101,527.38
College Recruiter: What do you know now that you wish you knew in college?
Rectenwald: I wish I would’ve saved every penny when I was in college and living with my parents. And…
- I wish I would’ve known that you can start paying the interest on your loans while you’re still in school.
- I wish I would’ve known more about the difference between private and federal loans and subsidized and unsubsidized loans. I also wish I would’ve researched student loan options ever year.
- I wish I would’ve learned more about the cost of living after college (more info on this below).
- I wish I would’ve applied for more private scholarships.
College Recruiter: In addition to working full-time, you also work two part-time jobs, with all money from those part-time jobs going towards paying off student loans. How has that helped?
Rectenwald: My balances would be through the roof! When I graduated from college, I had 20 loans with balances ranging from $1,000 to $12,000 and interest rates as high as 10%. If I would not have really investigated these loans after graduation and made an action plan to pay them off, my payments today probably would only be going to the principal. In other words, my balances would be getting bigger because my payments would only be going towards the interest and because of that the interest would just keep growing and growing, I’d be paying my student loans forever. Recent college grads need to know that yes, you may be sending payments, but is it actually paying down the principal balance or is it just going to the interest? Don’t get caught in this trap!
College Recruiter: How have you handled the mental stress of having student loan debt? What tips do you have for others who have stress from student loan debt? Continue Reading
February 28, 2017 by Matt Krumrie
Looking for truck driving jobs? There’s plenty of opportunity.
The American Trucking Association reports a shortage of 48,000 drivers.
“The trucking industry is similar to other skilled trades that have difficulty attracting young men and women,” says Ellen Voie, President/CEO of The Women in Trucking Association, a non-profit organization with the mission to encourage the employment of women in the trucking industry, promote their accomplishments, and minimize obstacles faced by women working in the industry. “From electrician to welder to diesel technician, these jobs do not seem to be attractive to the next generation.”
Women in trucking
Truck driving jobs were attractive to Abby Langan, however. Langan made a successful career change and is now thriving as an over-the-road truck driver for Schneider, a transportation and logistics company that has a fleet of 10,000 trucks and delivers almost 19,400 loads of merchandise and materials per day. Its customers include two-thirds of Fortune 500 companies. Langan’s story is unique – and inspirational for both men and women seeking truck driving jobs – or a career change in general.
Langan has two associates degrees and was about to attend a four-year college when she landed a job as an internet marketing manager for an automotive dealership. She was highly successful – speaking at conferences, publishing articles and eventually landing a senior-level job that she thought was her dream job. But that life wasn’t for her.
“The fancy office, leather chair and large desk didn’t matter anymore,” said Langan. “I knew there had to be more to life than spending it inside the same four walls and talking to the same people every day.”
Langan has logged over 31,000 miles on the road in 14 months with Schneider.
“Being a truck driver allows you enjoy the freedom of the open road and the ability to see the country – and get paid for it,” said Mike Norder, Director of Marketing at Schneider. “The transportation industry plays a critical role in the economy. Truck drivers are in demand nationwide.”
In addition to a wide variety of truck driving jobs, women are also working in the industry in roles as dispatchers, managers and safety directors.
Truck driving salaries
February 23, 2017 by Matt Krumrie
College is expensive. And student loan debt is on the rise. While many believe the only way to graduate from college debt free is by receiving an academic or athletic scholarship, there are actually several strategies one can implement to graduate from college debt free – or with much less debt than the average college student graduates with – which is just over $30,000.
It’s not easy and it could make the path to graduation more challenging, but it can be done. It starts by planning in advance and digging deep to find ways to accomplish this goal.
“The days of going to college without any real pre-planning or self-evaluation are over,” says Bob LaBombard, retired CEO of GradStaff, a company that helps college students and recent college grads identify where there skills fit in the job force “It’s just too costly and risky.”
Consider these facts: More than half of college students change their major at least once. Further, recent data shows that only about 56 percent of students entering college graduate within six years; almost half drop out.
“Clearly, lack of a clear-cut plan often causes students to waste time, precious tuition dollars and, ultimately, interest in completing a degree,” says LaBombard.
There are many strategies that can help college students cover the high costs of obtaining a college degree, and if done correctly, graduating debt free. We highlight those strategies here:
February 21, 2017 by Matt Krumrie
It’s no secret that college tuition is expensive. And it’s no secret that student loan debt is an issue because of this. In fact, nearly seven in 10 seniors who graduated from public and nonprofit colleges in 2015 had student loan debt, with an average of $30,100 per borrower, according to the Institute for College Access & Success.
But there are surefire ways to lessen student debt load, while gaining valuable job skills and experience at the same time.
By finding a part-time job that offers tuition reimbursement or tuition assistance. As defined by Salary.com, “tuition reimbursement is a contractual arrangement between employer and employee that outlines specific terms under which the employer may pay for the employee’s continuing education.”
Numerous employers (we list 10 below) offer tuition reimbursement programs for part-time employees. This is an attractive recruiting and retention tool for employers – they help support employee education goals, pay for part of it, and get a educated employee in the process. The employee/college student gets help paying for the cost of college, and is loyal to the company because they invested in their future. It can be a win-win for both.
But forward-thinking college students should take it a step further. The right part-time job could provide not only tuition reimbursement opportunities, reducing the costs of college, but also a chance to secure an internship with that company, or perhaps, participate in a training program, or learn additional skills beyond what is required in the part-time job. In other words: Take advantage of both the opportunity to earn tuition reimbursement, but also seek ways to learn and add a combination of soft skills, and real-life work experiences that employers will covet, while working this part-time job. Take on new challenges and opportunities. Learn about operations, management, marketing, distribution, merchandising, sales, e-commerce, technology, how the company uses data and analytics, and much more.
“Students should seek a variety of experiences during their college career-including part-time jobs and internships,” said Mike Caldwell, Director, Business Careers and Employer Development at the Cohen Career Center at William & Mary in Williamsburg, Virginia. “These opportunities help build skills, networking contacts, and professional experience. Part-time jobs that offer additional benefits, such as tuition assistance, also offer an opportunity for employers to identify and develop prospective talent while helping employee’s complete academic requirements along the way.”
Ask yourself: What else does this company do that I could learn about, that would add additional skill sets needed for me to succeed in securing an internship or full time job after graduation?
Below are 10 companies that offer tuition reimbursement or tuition assistance for part-time employees:
February 16, 2017 by Matt Krumrie
Robin Rectenwald has a full-time job working for WordWrite Communications a Pittsburgh, Pennsylvania public relations firm, that she absolutely loves. But that hasn’t stopped her from finding unique side jobs to help pay off her student loan debt. Rectenwald graduated from Duquesne University in 2012 with 20 different student loans and $100,000 in loan debt. Now, in 2017, she only has five loans left, and is quickly whittling down the amount she owes.
Before landing her first full-time job in 2012, Rectenwald worked part-time as a customer service representative at Gateway Clipper Fleet, a Pittsburgh sightseeing organization. She worked in the ticket and sales office, where she learned about marketing, sales and customer service – all valuable skills in her current role – and for any future opportunities. She worked for Gateway Clipper Fleet for four years, using that money to make extra payments towards her school loans. Rectenwald recently switched to a new part-time job as a customer care representative at ShowClix, a ticketing software company. For this job, she works from the comforts of her own home answering phones and responding to emails from customers looking to buy tickets to international events.
“Even though I’ve grown as a professional in the PR field and have had a number of promotions that increased my salary since starting out as an entry-level professional, I continue to work a part-time job because I’m trying to save as much money as possible,” says Rectenwald. “With this part-time income, I’ve been able to pay off several student loans and I’m currently using this extra money to pay tuition out-of-pocket for grad school.”
Rectenwald takes these part-time jobs seriously, and puts in maximum effort – something her managers have noticed. She was offered a full-time job in the marketing department at Gateway Clipper Fleet, and is writing a crisis communication plan for ShowClix as part of her grad school program.
“These part-time jobs have not only expanded my network and presented additional career opportunities, it has also given me a unique perspective on marketing and communication strategies.”
And it’s also helped her greatly reduce her student loan debt, and time it would take to pay the loans back.
That’s what Eric Hian-Cheong is also trying to accomplish. He works full-time for a public relations firm in McLean, Virginia, but also has two, unique part-time jobs. He makes $11 an hour as a part-time rock climbing instructor at a local fitness center, and also works as a second shooter/assistant to a local wedding photographer.
“Why limit yourself to just one other part-time job?” said Hian-Cheong.
He works up to 8 hours a weekend, and nets up to $400 a month as a rock climbing instructor – which is right around what he pays each month for his student loans. That job also provides a free gym membership – saving him another $95 a month in gym membership fees.
These jobs have helped Hian-Cheong improve his self-confidence, he says, and also provides an incredible social life outside of the 9-to-5 job.
“I have several friends whose social lives revolve around their 9-to-5, which can get a little unhealthy at times,” says Hian-Cheong.
It’s also helped him network and communicate with a wide variety, and diverse group of people, helping him develop communication, interpersonal, critical thinking, and speaking skills, as he must provide instructions, detail, and clarity, when instructing individuals and a class.
Rectenwald and Hian-Cheong are among the many recent college grads supplementing their income, and paying off student debt with the help of a unique side job. What are some other unique part-time job opportunities one can pursue to help make extra cash to pay off student loans? Consider some of these options:
February 14, 2017 by Matt Krumrie
Note to those restaurant employees who get frustrated going to work on a Saturday night while friends are preparing for a night out on the town.
Employers understand the sacrifices you are making, and in the long run, it will pay off. Why?
Because employers covet recent college grads and entry-level job seekers who have restaurant industry experience. Sure, that doesn’t help when you feel you are missing the must-attend social event of the year (you’re really not) because you have to go to work, but it’s going to pay off when applying for that first job.
Same goes for that retail worker, who goes to class all day and closes up shop every night, or who has to pull a double shift on a Sunday when other workers call in sick (because they did go to that social event the night before).
Thousands of college students and recent college grads work restaurant jobs and retail jobs, and whether they know it or not, they are developing transferable skills that employees seek in recent college grads and entry-level job seekers.