By Oliver Staley, Douglas MacMillan and Cecile Vannucci
Hamza Afzal had such a hard time finding an internship electrical engineering during the recession, that he took his graduation delayed, pre-med classes, and applied to law school. This year he got two jobs in his field. "I certainly saw a shift in the labour market," says Afzal, a senior at San José State University, May 30 at chipmaker linear technique (LLTC begins).
The class of 2011 is enjoying the best job market for new grads since the financial crisis of 2008, according to the National Association of colleges and employers. It is driven by gains in finance, energy and technology, says Edwin w. Koc, NACE research chief, which provides for younger workers to fill a backlog of jobs after two years of renting stagnant.
In Silicon Valley doubled postings from two years ago when technology career website operator Dice Holdings (DHX). "It is a wonderful comeback," says Lance Choy, Director of the career development center at Stanford University. Postings on Stanford's online job board for full-time positions rose 36 percent to 1900 in the fourth quarter of last year, compared with a year earlier.
Emerging areas such as social media, mobile applications, and e-commerce fueling rapid hiring at big companies like Google (GOOG) and Apple (AAPL), as well as venture capital-backed startups. At San José State vacancies rose 59 percent in the first quarter from a year earlier, according to Cheryl Allmen family-Vinnedge, Executive Director of the school's career center. A scholarship from the University on 12 april attracted more employers than the school had room for, she says.
Zynga, the largest maker of online games on Facebook, this year 35 percent more than last year about 130 hire college grads. That pace is a switch of the last few years, when the recession assembled the hiring of new graduates. The University of California, Berkeley, halved in 2009 her job fair from two days to a result of a lack of interested employers. This year the event returned to two days and established 160 companies, from 95 last year.
Baba Shiv, a professor at the Stanford Graduate School of Business, says the current madness to hire business and engineering students translates into a great opportunity for job seekers at startup of a valuable experience. "For students, it's the perfect time to taking opportunities," Shiv says. "Do it now. In five years, will it be. "
The bottom line: The job prospects for the more than 1.6 million students graduate this year will be the best thing since 2008.
Staley is a reporter for Bloomberg News. MacMillan is a reporter for Bloomberg News and Bloomberg Business week in San Francisco. Vannucci is a reporter for Bloomberg News.
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