1997's job market for college graduates remains very strong and is expected to grow by 6.2 percent, according to Indiana University School of Business placement officials.
Most employers are satisfied with the overall health and progress of the economy.
Demand for students in these areas is very strong because companies are cutting costs and increasing efficiencies by automating systems such as finance, production, marketing, etc. Professional service firms, including financial services, management consulting and accounting, are the beneficiaries of increased corporate outsourcing. According to Powell, several important trends and challenges likely will affect the college graduate job market over the coming years. He warned that today's graduates need a wide variety of skills and experiences to effectively compete in the job market and perform well in their new positions. Traditional hierarchies are being replaced by organization in teams.