Job Market for College Grads: What Will It Look Like in 2022?

Job Market for College Grads: What Will It Look Like in 2022?
Share this:

Entering the job market for the first time after graduating from college has always been quite tough. And, though the job search process is getting easier and easier every year, it is still a real challenge.

If you are going to graduate in 2022, now is just the perfect time to start thinking about your future career. The competition in the job market is fierce. So, if you want to survive it, you should start preparing in advance. Start by delegating your assignments to EssayService to save enough time for seeking out opportunities and preparing your applications. And, to help you get on the right track, we’ve prepared an outlook on the job market for college graduates in 2022. Let’s dive in!

Employer Hiring Plans for Class of 2022

To better understand your chances of being hired fresh out of college, it is important to analyze employer hiring plans. And we have some good news for you!

Apparently, it will get easier for college grads to get hired this year. According to the Job Outlook 2022, in 2022, American employers are planning to hire 26.6% more college grads than they planned to hire in the previous year.

As employers report, due to the dropping unemployment rate and the growing number of job openings, companies get very competitive in terms of winning over the so-needed talent. Due to this reason, many employers now consider inviting young specialists who have just graduated college to cover their workforce needs.

In fact, the predicted 26.6% of hiring plans for the class of 2022 is the highest indicator in the last 11 years. That is, the next year’s graduates have pretty high chances of getting employed soon after they complete their college degrees. And you have to be prepared for this. So, as was already mentioned, don’t hesitate to get write my essay online and start getting ready for your future job search ASAP.

Some more insights were provided by the Collegiate Employment Research Institute in its latest annual survey. According to the institute’s report, the expected rate of hiring BA degree holders will be about 15%, which is higher than usual. At the same time, the rate of hiring MA degree holders is going a bit down to 40% compared to 42% last year.

Industries That Will Hire College Grads in 2022

Every year, a wide variety of industries are hiring college graduates to satisfy their needs for talent. Some industries tend to hire more grads, whereas others seek more experienced specialists.

This year, we expect the following industries to hire the largest share of grads:

  • Education services;
  • Health services;
  • Transportation;
  • Construction;
  • Agriculture.

Each of these industries has reported on its plans to hire talents from the class of 2022. If none of these go in line with your education or the career path you’ve chosen for yourself, some other sectors that are expected to be graduate-friendly include:

  • Recruitment and human resources;
  • IT;
  • Engineering;
  • Sales;
  • Finance and accounting;
  • Scientific and quality assurance;
  • Manufacturing;
  • Customer services.

Knowing about these trends should really help you make the job search process simpler and less stressful. And, now, let’s move on to the most exciting part.

Entry-Level Salaries in 2022

Before you enter the labor market for the first time in your life, it is natural to wonder what salary expectations you should have for your first job. So, the last section of our outlook on the job market for the class of 2022 will focus on salaries.

As always, in 2022, we can expect the median salaries of fresh grads to depend on a wide range of factors. These include your level of education, prior experience, skills, as well as the industry you choose.

The good news is that according to the survey by the Collegiate Employment Research Institute, there is expected a 53% increase in starting salaries. It basically means that landing your first job in 2022 will mean a higher starting salary. That can’t help but feel encouraging for future graduates.

Recruitment Process and Work Conditions

Finally, there are a few additional things you need to know about the job market in 2022.

First of all, the recruitment process is expected to change a bit. According to surveys, employers are planning to have from seven to eight job interviews before making an offer. That is, the recruitment process is expected to get faster. But, at the same time, it also means that the competition is only going to get tougher.

Secondly, due to the ongoing pandemic, the work conditions are also expected to change in 2022. At this point, 46% of employers report on planning to hire on-site staff, whereas 28% are actually planning to hire new specialists to work in a hybrid schedule.

The Bottom Line

So, this was our outlook on how the job market will look for fresh grads in 2022. Using this information, each of you should be able to nail your job search and jump-start your career with ease. Good luck!

Design and Profitability: How to Benefit from a Great Branding? – PCRIVER