why is every degree and job ‘oversaturated’ now and why does everyone wanna be a finance bro (1 Viewer)

[Study to success]

is business analytics or accounting an oversaturated field?

 

[idkkdi]

How are you saying that IB is easier than CS, that's just wrong. IB requires top marks, extreme amounts of connections, and preferably a private school education.

Getting a grad position as a Software Engineer in a bank, requires luck, and passing psychometrics. Defo NOT easy, but in comparison to Commerce, Law, I'd say CS is FAR easier.

THe problem is that most CS students aren't citizens/PRs, and they don't qualify for grad positions, and this is why you see "85 wam crazy internships, UNSW grad no job offers".

did not say ib is easier than cs. law/comm meant law & comm double which is more employable than cs from what ive seen

A big issue that is occurring across multiple sectors is a lack of graduate/entry level opportunities which is destroying the talent pipeline. So you have this weird situation where businesses are struggling to fill experienced roles in a sector, but at the same time they're experiencing a glut of graduates. This is a major issue and unfortunately, organisation's of today (including government departments) are very short sighted by not investing in graduate/entry level roles, meaning people arent getting trained up to fill those more experienced roles. This is also compounded by technological change (pre-dating AI) which has destroyed the need for entry level staff.

Take the HR profession for example. When I started nearly 13 years ago, a HR Team servicing 1,000 staff had a Manager, maybe 2-3 Advisors and 3-4 Admin staff (entry level roles). Those admin roles mainly did simple tasks (processing paperwork, doing employment letters etc). These days, better HRIS systems mean there is less admin work so HR teams have pivoted away from the junior staff. As a result, currently a similar HR Team might have 1 Manager, 2-3 senior advisors and 3-4 advisors and maybe 1 admin staff. So they have similar staffing numbers, but far less junior roles. So what's happening is without those junior roles, people cant get the experience needed to occupy senior roles, thus creating a shortage.

So my advice generally is when going into a non-professional area of business (HR, Marketing, some areas of Finance etc), your priority should be finding any role in corporate, even if it isn't related to your field. Call centres, data entry etc regularly employ entry level people. If you work for a bigger company (QANTAS, an FMCG, CBA etc), you can leverage internal opportunities to move into your desired area. The days of doing a degree and getting a graduate program are over for all but the top tier candidates. So dont waste your time with a degree, look for an in to any corporate role you can - you can always go back to uni later.

So for example, a relative of mine studied HR at Uni (couldnt convince him not to go), but he got a job doing call centre work in government. He was able to leverage that opportunity into doing an internal call centre role within the Department's payroll team. From there, he eventually got a HR Admin role in the same Department and he now is on track for a career in the field.

this is true

is business analytics or accounting an oversaturated field?

do sth ur interested in that is somewhat connected with a job and be really good at it. as above u do need to be fairly above average to land graduate positions these days

 

[idkkdi]

also wtf is your pfp

its from sao

 

[Study to success]

did not say ib is easier than cs. law/comm meant law & comm double which is more employable than cs from what ive seen


this is true


do sth ur interested in that is somewhat connected with a job and be really good at it. as above u do need to be fairly above average to land graduate positions these days

Yeah that’s why I need my parents to let me do something I’ll actually enjoy and be good at. I’m scared that if I do something like commerce I’ll be average and I won’t get a job. The only reason why they want me to do commerce is cause they think there’s job security but there’s no point unless I’m actually good at it or else I still won’t get a job

 

[jonolad69]

now I'm thinking if stuff like commerce has a good pay/job security then everyone's gonna flee to it making it more competitive and it will end up making it harder for u to find a job meaning that there's no point of doing it for job security or good pay. atp the only way to find good job security is the stuff that no one wants to do like nursing and teaching or trades

if ur good enough you won't need worry to about an industry being more competitive to get into

 

[jonolad69]

just back yourself

 

[enoilgam]

now I'm thinking if stuff like commerce has a good pay/job security then everyone's gonna flee to it making it more competitive and it will end up making it harder for u to find a job meaning that there's no point of doing it for job security or good pay. atp the only way to find good job security is the stuff that no one wants to do like nursing and teaching or trades

The advantage of many business/corporate type jobs is they pay more, the working environments are nicer (managers, culture etc) and they have good work life balance. That said, corporate jobs in general have never had great job security outside of government. The most secure professions will always be either those with difficult to obtain qualifications (Doctor, Actuary, Engineer) or those which are necessary but undesirable to most people (Nursing, Teaching etc).

I have a fairly secure job in Government, but if there are cuts to staff Ill be the first out the door. The Nurses, Teachers, Emergency Service etc will have jobs even if the country starts collapsing. Everything is a trade off.

 

[Study to success]

if ur good enough you won't need worry to about an industry being more competitive to get into

Yeh that’s the thing idk if I’m gonna be good enough unless I try. But I have this gut feeling that I won’t cause math isn’t even my strong point. There’s def stuff that I’m much better at

 

[HazzRat]

Also, another way of thinking about it is that even though there is an oversupply of lawyers in the job market, it is not necessarily the top universities that are flooding the market. Before 1980, there were 12 law schools in Australia. Nowadays, there are 38 law schools. So between 1980 and now, 26 new law schools were created. If you find yourself the average grad at a Go8, with decent extra-curriculars and experience, in my own observations, I don't think it's that hard to find a position, but that doesn't mean every Go8 grad gets a job in Big 6. However, getting a job becomes much harder at some of the newer law schools.

 

[gammahydroxybutyrate]

Also, another way of thinking about it is that even though there is an oversupply of lawyers in the job market, it is not necessarily the top universities that are flooding the market. Before 1980, there were 12 law schools in Australia. Nowadays, there are 38 law schools. So between 1980 and now, 26 new law schools were created. If you find yourself the average grad at a Go8, with decent extra-curriculars and experience, in my own observations, I don't think it's that hard to find a position, but that doesn't mean every Go8 grad gets a job in Big 6. However, getting a job becomes much harder at some of the newer law schools.

true, last hiring round i saw a bunch of law schools i didnt even recognise the name of and insta tossed their cvs lol

 

[Study to success]

So does the uni even matter?

 

[jonolad69]

So does the uni even matter?

of course it does

 

[Study to success]

of course it does

no I mean like what uni u go to

 

[jonolad69]

what else would i have meant

 

[totally_screwed]

its from sao

is it
I’ve seen sao no one looks like that

 

[jonolad69]

true, last hiring round i saw a bunch of law schools i didnt even recognise the name of and insta tossed their cvs lol

is that what also happened to u for clerkship apps

 

[idkkdi]

is it
I’ve seen sao no one looks like that

it was the game admin for some random arc that was like 2020??? it was a weird arc

 

[totally_screwed]

it was the game admin for some random arc that was like 2022/3??? it was a weird arc

ohh word LMAO idk anything about the game just the anime

 

[idkkdi]

ohh word LMAO idk anything about the game just the anime

no nono like this is anime. so theres the sao game, the fairy tale game, the gun game and then this one

 

[totally_screwed]

no nono like this is anime. so theres the sao game, the fairy tale game, the gun game and then this one

ohh okk thank you