Graduates need to plan ahead in turbulent job market - WKOW 27: Madison, WI Breaking News, Weather and Sports

Graduates need to plan ahead in turbulent job market

UW seniors are growing anxious. Excited to graduate, but nervous about what lies ahead in the real world.

Especially today where getting a job is getting a lot harder.

"I am legitimately scared, because we are going into the job market, and it's going to affect our futures," says UW senior Danielle Frydman.

Steve Schroeder of the UW's Business Career Center tells students companies are still hiring, but because of the downturn in the economy, they may be hiring less.

According to a new poll released by the National Association of Colleges and Employers, 1/3 of companies surveyed dropped hiring projections by seven percent since August.

"They're not sure if they're going to be hiring, how many people they're hiring and it seems with the roller coaster we've been on. That the job market is just as turbulent as well," Schroeder says.

Graduates will also have more competition than just other graduates.

They'll be competing for jobs with people with more experience. Many of whom were just laid off.

"So a company who is still standing can come here and hire a brand new person, or hire someone with experience and not pay them as much," Schroeder says.

Like many seniors we spoke with, Nick Africano admits he's a bit nervous, but says he's ready to do whatever it takes to get a job.

"It definitely poses some challenges, defiantly wants me to make me to concentrate more on the job search earlier than i planned," Africano says.

Schroeder tells students they should plan ahead and keep an open mind.

An example, they may have to lower their expectations on salary and should have more than just a plan A or plan B.

Schroeder says the hardest hit fields in today's economy are investment banking and the mortgage business.

Some safer careers are in accounting and nursing.

Powered by Frankly