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Could the Weak Job Market Be Good For New Grads?


The class of 2009 is well in to its first semester of senior year, and the future could be even more up in the air for this group than it has been for previous graduates. The job market won't exactly be welcoming the class of '09 with opening arms and evidence of that can be seen in the reduction of corporate recruiters on college campuses. A survey by the National Association of Colleges and Employers projects the weakest outlook in hiring for new graduates in six years, while just two months ago the group projected a 6 percent increase in hiring.

The job market is changing rapidly and the decline in hiring projections can be attributed to a number of factors, like a weaker financial sector and tighter budgets all around. The Wall Street Journal spoke with one senior finance major at NYU who planned on making his career on Wall Street, and is now exploring other options like Teach for America. He says the economic downturn makes young job seekers "feel freer to pursue your real passions."

Do you think the weak job market will allow new graduates to choose paths truer to themselves?

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