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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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LCB Career Services Presents….
Getting Hired in Tough Times
AgendaI. The state of the job marketII. Finding the right internship for youIII. Interviewing effectivelyIV. Accessing resources
In the News…
The Bad NewsBank 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 storesOffice Depot closing 10% of stores in 3 months Stanley Tools cutting 2,000 jobsYahoo! reducing its workforce by 10% Google cutting 100 jobs and engineering dept.Sony reducing its workforce by 5% Motorola cutting 4,000 jobsMicrosoft exploring historic layoffs
The Good News• “Is the Jobs Panic Justified?”
(Business Week)• “Where Jobs Still Are in a Bleak
Market” (Fortune)• “With Crisis Comes Opportunity”
(Forbes)
Internships
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
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?”
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.
Interviewing
Talking About Yourself• Employers are interested in hearing
about what you accomplished—your success stories.• S-O-A-R –Situation–Obstacle/Objective–Action –Result
ExerciseIn pairs:
Take turns in each role: Recruiter – pose question Interviewee – respond using SOAR
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?
Resources
UO JobLink
http://uocareer.uoregon.edu
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
BlackBoard
Reference USA
www.referenceusa.com
Fortune 1000 Compare Tool
http://cgi.money.cnn.com/tools/fortune/compare_2008.jsp
Eugene Chamber
www.eugenechamber.com
More Research ToolsRanked Lists• Book of Lists• Oregon Business Magazine—100 Best• Best Fortune 1000 Companies to Work
For (www. Money.com)
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