Weighed down by student loans, many opt for high-paying jobs at expense of career satisfaction.
By Garry Kranz Comments 0 | Recommend 0
Pay Me More: So much for the notion that young workers prize career growth
more than cold, hard cash. Half of new college graduates say they would rather
have high-paying jobs, even if it means less-satisfying careers, according to
online job board Experience Inc. in Boston. Slightly more than one-quarter cite
student loans as a big factor.
That revelation has recruiting implications: Nearly two-thirds of students
say they are more likely to accept jobs with companies that offer loan repayment
or similar financial assistance. Nevertheless, work appears to be a last resort
for students shouldering high loan balances. Only 11 percent say they work part
time to help pay tuition. Nearly one-third are competing for scholarships and
grants.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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