The Career Path Is Broken

 

Today, new college graduates are forced to choose between profit & purpose...


But millennials want to do well & do good

  • 71% of millennials want to work for a company that encourages global or community social responsibility

  • 55% of millennials want to spend 1-2 years in community service after graduation if financially feasible

  • 10% of Ivy League seniors apply to Teach For America—including 15% of African Americans and Latinos


What's stopping them?

#1 DEBT

 
  • 7 in 10 college seniors have an average of $30,000 in student loan debt

  •  The amount of debt at graduation has increased 6% per year since 2008

  •  11% of student borrowers are 90+ days delinquent on their loans
     

#2 [NON] DEFERRAL

 

College Senior on WallStreetOasis.com:

“I received an [investment banking] analyst offer.  I'm excited to start but also would really like to take a year off first... Would it be acceptable to ask to defer my start date by a year?”

 
 

Banker #1:

“I would think that you're just an immature kid that is not determined and passionate enough about investment banking and would regret having given you the offer in the first place.”

Banker #2:

“I had a friend who tried to defer the start date to pursue an opportunity abroad.  Request denied.”  

 

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