The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-04
HORDES OF NEW
GRADS SOON ON
HUNT FOR JOBS
E37,500 Ready for Their
Initia! Invasion of the
Business World.
BY PAUL w. WHITE
United Press STAFF Correspondent

NEW YORK, June 4.-This is the
time Of year when Robert Ulysses
Cadwallader, 30, accepts the A. B.
cegree that theoretically has been
his goal for four academic years
and steps forward into what vale
d.ctorians are wont to call "the
great adventure Of business"
Robert, leaving the ivy-strung
wills Of Siwash behind him, wants
70 know whether he can get job.
The gaiety of commencement is
n.3rrCS unless one knows when and
row res going to commence. BY
tie end CT this month there will be
approximately 5000 Roberts look
irg for work.
n addition, according to figures
gwen the United Press by the As
ISOLATION of American colleges, there
viii be $4,000 graduates or profess
si0nal schools, 1880 graduates OF
graduate schools and an army of
some 100000 students who, by fac
u ty request or their own desires or
circumstances. will not return to
school next September.
Eager for Expansion
Thus into an onomic society
where already unemployment is such
as to awaken considerable anxiety,
there soon viii be thrown some
437 500 young men and women hith-
erto dependent or at best only lin
tied wage-earners. Small wonder
that the youths and their parents
are eager to learn whether there
are any openings"
Directors of the employment Ill
reaus of three large eastern uni
versities we're interviewed today and
their views varied widely.
A. B. Caldwell of Yale, for in
stance, said he had been surprised
to note that the number of posi-
tons offered Yale men this year
was fully equal to that of any pre-
Vious year.
Apparently" he said in explana-
ton, "the demand for college,
trained men is not dependent upon
temporary fluctuations in business.
Large corporations realize that
eventually they will need executives
and the best time to prepare for to-
morrow is today"
Law Situation Tough
Nicholas Mcknight of Columbia
university, on the other hand, has
found that the placements this year
were approximately one-third less
than in 1929. This percentage ap-
plies not only to holders of bacca-
laureate degrees, but also to school
or journalism graduates. AS for law
students, they are facing an even
worse market for their services, a
drop of rs per cent being noted.
The reason for the decrease"
Mcknight declared. "is the fact that
small business houses and corpora
tons have failed to order as many
men as heretofore"
Lawrence thinner of New York
university announced that his bu-
reau had made more placements
than last year. but that he was in
clined to think the quality of jobs
inferior He as yet has no figures
on the general employment situa-
ton, he said.
An interesting sidelight on the
entire problem is provided by an ar
ticle by Donald Bridgman of the
American Telephone and Telegraph
Company in the current issue of
"The Personnel Journal"
Bridgeman, studying the results
achieved by some 2,108 students who
entered the employ of his concern
after graduation. has come to the
conclusion that those students who
made a success of xtra-curricular
activities in college are most apt to
succeed in business.
Another table. prepared from a
study Of TOT graduates five years
after the close of their school ca
reers showed that these who IN COL
lege went in for editorial and loren
sic activities were on the average
holding better jobs than those of
any other group.