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University degree no longer comes with promise of stable job

The unwritten promise of a post-secondary education has been to earn a degree in an applied field such as engineering and you’ll end up with a good, stable job, but the millennial generation is finding that can no longer be counted on. I have been thinking about this issue for some time. Last year, I posted an article on this blog by Robert Reich, Professor of Economics at UC Berkeley and former Secretary of Labor under Bill Clinton. I was stimulated to share that article by what I was seeing with my own students from the University of British Columbia, and contrasting that with my own experience years ago, walking into my Silicon Valley dream career by sheer chance. That simply no longer happens. Grads must begin plotting out a plan early, no later than the beginning of their third year, and begin to execute on it in order to find an entry-level position commensurate with their education. Networking and cold calling is imperative, but as this article points out, even that may not guarantee solid employment.

Tax havens

The Rules of Sewage

This is a metaphorical essay on personal ethics, worthy of a serious read and contemplation. When I saw the title I was intrigued but suspected it had something to do with Andy Grove’s adage, “sewage flows downhill,” which means “if anything bad happens it will eventually flow down to you.” This is about ethics. The points made here are particularly apt in light of the huge number and sheer scale of recent business frauds: the Volkswagen fraud, LIBOR, Lehman Brothers, Bernie Madoff’s pyramid scheme, Conrad Black in Canada, Olympus in Japan, Bernie Ebbers and Worldcom, Tyco International, stretching back all the way to Enron, Michael Milken’s junk bonds, and the 1980’s savings & loan debacle.

Argumentation & Debate

Need To Deliver An Inspirational Speech? Start With a Big Idea

I noticed the following post on LinkedIn, and thought that it was important to share it. When I first came to UBC to teach Industry Analysis and Entrepreneurship in the Faculty of Management, I was struck by how utterly unprepared Faculty of Management students were to stand up and communicate their ideas. Most students used 3 x 5 cards and stared at the floor. One student, without realizing it, stood up and crossed his arms across his chest, projecting only his personal discomfort with the situation. Clearly this problem needed to be addressed. If there is one thing I have learned since graduating with a Speech-Communication degree, it is the importance of being able to stand up and communicate your ideas, what you believe, and most importantly, who you are. It is crucial to career success.

Canada

10 Best Industries To Target For Internships and Entry Level Positions

Let’s be frank. Finding a decent job commensurate with your new UBC degree in Management has become extremely difficult. I have blogged previously here on the discounted value of a degree, as explained by UC Berkeley economist and former Secretary of Labor, Robert Reich. For those living in the Okanagan or hoping to stay here to enjoy the sunshine, I urge you to relocate to a region with better employment prospects. BC Business recently published a ranking of BC cities for employment prospects. Kelowna ranked 17th, despite being the second largest region in B.C.. Calgary is no better option for jobs these days.

Industry Analysis

Entrepreneurs Can't Fix What They Don't Understand

Francisco Dao is one of my favorite bloggers. Francisco focuses like a laser beam on the tough issues of entrepreneurship with unfailing logic, sometimes tough for some to hear. In a previous post, Francisco spoke openly about the frothy enthusiasm and euphoria surrounding entrepreneurship, suggesting that there were too many entrepreneurs producing too many mediocre ideas. In this post, Franciso explores the current shift in entrepreneurial profiles, bemoaning their ignorance of how businesses work, and the embarrassing consequences.

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