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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> college grads

Financial services industry biggest firer of young college grads last year

Posted by RJ and Makay on Oct 06, 2010

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According to FinancialServicesImageBusinessInsider.com, the next generation of workers won’t find jobs on Wall Street or in the productive industries. They will find them with the U.S. government and in the professional and technical services industries.

Mike Mandel, chief economist at Business Week and responsible for formulating Business Week's coverage of economic policy, recently created a table illustrating where young college graduates (aged 25-34) have found jobs over the past year.

The table shows that the U.S. government has been the main hirer of young college grads over the past year, says Mandel. And this is due to the fact that government jobs are safer, pay well, and have better benefits than the private sector.