Bloomberg Businessweek
Class of 2024 Can’t Land Jobs as Hiring in Tech, Finance Wanes
Dec 14, 2023
Bloomberg News Finance Reporters discuss the struggles college seniors face in finding entry-level positions at top firms in the US. Topics include declining job offers, changing value of internships, impact of the job market on college graduates, and how reduced hiring affects new graduates.
07:45
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Quick takeaways
- College seniors are struggling to secure entry-level roles at prestigious firms in the US due to cost-cutting and reduced hiring in tech, finance, and consulting industries.
- The current job market for college graduates is disproportionately impacting industries like finance, tech, and consulting, with sectors like healthcare and hospitality seeing more opportunities.
Deep dives
Tough Job Market for College Seniors
College seniors are facing a challenging job market as major companies in tech, finance, and consulting have cut costs and reduced entry-level hiring. In contrast to previous years when seniors had multiple job offers and could land their dream jobs, these students are now struggling to get interviews and are not receiving the return offers they expected from prestigious internships. Graduating seniors are left grappling with the decision to delay recruitment by going to grad school or extending their graduation dates. The tightening job market has made it even harder for students who have had internships to compete with those who haven't.
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