College Career
Planning
Orientation
How Will You
Spend the Next
40 Years?
What You Will Learn Today
• How Global Workplace Dynamics Will Affect You
• Impact of Industry Choice
• Impact of Company Choice
• Impact of Early Career Decisions
• Your Best, Free Career Management Resource
Quiz
• Career choice is one of life’s most
True or False?
important decisions.
True
• Selecting a career that matches your
interests, skills and values increase
your chance for success and happiness. True
• Tools/resources are readily available
to make an informed career choice.
True
• Today, most students/parents use
these tools.
False
Results
“My son just graduated from college. He doesn’t have a clue what he
wants to do. Maybe forensics. Maybe art.”
“My daughter is a sophomore in college and she hates her major
(accounting). She is changing majors, but doesn’t know what to choose.
That means at least one more year of college that we cannot afford.
“Now that I have a college degree, I need to think about a career. I
majored in Marketing, but I’m not sure that’s what I want to do.”
Today, 57% of 18-24 yr. olds in the U.S. live with their parents.
• Motivate!
• Empower!
A Different
World
Internet
Workplace
Competition
Outsourcing
Free, Global
Communication
• “Internet” is a tool that is greatly
increasing consumers power.
• Virtually free, “real-time”, global
communication has eliminated geographic
barriers to workplace competition.
• Outsourcing has increased job mobility and
increased workplace competition.
Retire Early? Consider These Challenges
•
Few employers offer traditional “defined benefit” company pensions
and the number is shrinking. In a March, 2005 Survey by Bureau of
Labor Statistics only 22% of workers in private industry had access to
“Defined Benefit” retirement programs.
• Social Security’s future is uncertain.
• Life expectancy continues to rise (49 yrs. in 1900 vs. 75 yrs. in
1990). You may live to be 90 or 100 years old.
• Recently many household costs (i.e., housing, electricity, insurance,
gas, health care) have risen much faster than family incomes.
• Major obligations (e.g., kid’s college, parent care) place additional strain
on financial resources and may limit savings.
Retire Early? Consider These Challenges
•
Future investment returns are generally expected to be much
lower than the levels experienced in the recent past. Average
returns for U.S. stocks exceeded 15% in the 1980’s & 1990’s.
Future estimates vary, buy many analysts think average annual
returns of 6-8% are more likely. According to the National
Association of Realtors the median sale price of an existing house
in Tampa Bay area climbed 30% in the past year. (vs. a national
average of 4.4%/yr. during the past 20 yrs.)
To be confident of not running out of money, you’ll likely need about
$300,000 in appreciating assets (i.e., stocks, bonds, real estate) for
every $10,000 per year you need to spend in retirement. Need to
become a millionaire before retirement is viable.
To Maximize Your Chances To Succeed
• Choose an occupation that “fits” your interests,
skills and values.
• Choose Attractive Industries.
• Choose the Best Companies.
• Make Good Early Career Choices.
Attractive Industries
• More Opportunities for Promotion
• More Opportunities for Personal Growth
• More Opportunities for $$$
• More Fun!
Best Companies
• More Opportunities for Personal Development
• More Opportunities for Advancement
• More Opportunities for $$$
• More Pride! Be part of a Winning Team.
First “Job” – Important Decision
• Impacts Future Opportunities
• Characterized by Industry Experience
• Characterized by Functional Experience
• Many Applicants. Screened for Fit.
Perception: You Are What You Have Done!
Your grandparents generation (Social Safety Net)
• Worked for the same company. Retire at 65.
• Full company pension w/health care.
• Social Security
• Enjoy retirement for 3-5 years, then died.
Your generation (On Your Own)
• No Defined Pension plans. Fund your own healthcare.
• Social Security is questionable.
• Live to be 80 - 90 yrs. old.
Retire Early?
To be confident of not running out of money, you’ll
likely need about $300,000 in appreciating assets
(i.e., stocks, bonds, real estate) for every $10,000
per year you need to spend in retirement. Need to
become a millionaire before retirement is viable.
The Goal
SHOULD NOT BE:
“JUST GET INTO COLLEGE”
SHOULD BE (in this order):
1) Select a career that “fits” my interests, values, and skills.
2) Select an education path that prepares me for this career.
3) Obtain the required education/training.
4) Choose an attractive industry and a “winning” company.
Why Care?
Think about all the time the typical student
14,000 Hours
invests in school (K-12).
Multiple that amount of time by 600%
That is the amount of time you will spend
in ………….
Your Career
Think about all the time the typical student
invests in school (K- College). 18,000 Hours
Multiple that amount of time by 500%
That is the amount of time you will spend
in ………….
Your Career
Hours Invested
90000
80000
70000
60000
50000
40000
30000
20000
10000
0
Grades 1-12
College
Working
Comprehensive Career Management Tool Kit
www.collegecareerlifeplanning.com
• Quality: Best Content from the Best Sites
• Comprehensive: One-Stop for Hundreds of Tools
• Fast, Easy Access
• No Clutter: No Ads. No Pop-ups.
• No Hassle: No Log-ons. Nothing for Sale.
• Unique Content: Get Motivated, Global Workplace, Presentations
for Students/Parents, Company/Industry Analysis and more!
• No Cost: Absolutely Free!
Final Exam
Your PRIMARY goal of college should be:
A) Party and have fun!
B) Get a Degree
C) Acquire “Marketable Skills” that increase
your chance for Success & Happiness in an
increasingly Competitive Global Workplace.