Getting Hired in Tough Times - MBA Seminar (1.15.09)
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Workshop about getting hired in tough economic times, originally presented to the MBA students of the Securities Analysis Center at the University of Oregon.
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Getting Hired in Tough Times - MBA Seminar (1.15.09)
- 1. LCB Career Services Presents…. Getting Hired in Tough Times
- 2. Agenda I. The state of the job market II. Finding the right internship for you III. Interviewing effectively IV. Accessing resources
- 3. In the News…
- 4. The Bad News Bank of America cutting 35,000 jobs over 3 years Down Chemical reducing workforce by 11% Best Buy laying off 4,000 corporate employees KB Toys closing all of its 461 stores Office Depot closing 10% of stores in 3 months Stanley Tools cutting 2,000 jobs Yahoo! reducing its workforce by 10% Google cutting 100 jobs and engineering dept. Sony reducing its workforce by 5% Motorola cutting 4,000 jobs Microsoft exploring historic layoffs
- 5. The Good News • “Is the Jobs Panic Justified?” (Business Week) • “Where Jobs Still Are in a Bleak Market” (Fortune) • “With Crisis Comes Opportunity” (Forbes)
- 6. Internships
- 7. Strategies • Apply for internship programs –Cast a wide net • Create your own internship –Develop prospect list, target list –Start building your network, rolodex –Revise your resume –Send out tailored emails, cover letters
- 8. Your Pitch • Establish common ground –i.e. “Bill at CS referred me.” • Get to the ask early • Communicate your value proposition • Suggest course of action –i.e. “I will be in Portland for the next four Fridays. Are you available for a coffee break?”
- 9. Timing • Internship recruiting is happening now. • Majority of positions recruited for between now and March, though one- offs happen throughout the year. • Also consider doing a project-based internship during the regular school year.
- 10. Interviewing
- 11. Talking About Yourself • Employers are interested in hearing about what you accomplished—your success stories. • S-O-A-R – Situation – Obstacle/Objective – Action – Result
- 12. Exercise In pairs: Take turns in each role: Recruiter – pose question Interviewee – respond using SOAR
- 13. Questions • Tell me about a work or school-related problem you solved—what steps did you take and what was the outcome? • How would you go about explaining Net Present Value to your grandmother? • If you had to use just one financial statement to evaluate a company which would you use? Why? • Share with me a time when you failed at something—what did you learn?
- 14. Resources
- 16. Now on JobLink • D.A. Davidson: Financial Services Intern • FDIC: Bank Examiner Student Trainee (6 mo.) • First Investors: Apprenticeship • Fred Meyer: Internship Program (finance) • Late Show: Production Finance Intern • Nike: US Internship Program (finance) • NW Mutual Financial Network: Intern
- 17. BlackBoard
- 19. Fortune 1000 Compare Tool http://cgi.money.cnn.com/tools/fortune/compare_2008.jsp
- 21. More Research Tools Ranked Lists • Book of Lists • Oregon Business Magazine—100 Best • Best Fortune 1000 Companies to Work For (www. Money.com)
- 22. Upcoming Events • Meet the Students – Tonight, 1/15 @ 6 PM in the Lillis Atrium • Employers Tell All: Internships – Regence, Fred Meyer, First Investors, State Farm – Monday, 1/26 from 5:30-7 PM in Lillis 240/232 • UO Internship Fair – Tuesday, 1/27 from 12-4 PM in the EMU Ballroom • MBA Career Fair – Friday, 2/6 from 12-4 PM at the WTC in Portland