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Not What You Know But Whom, Studies Confirm - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Not What You Know But Whom, Studies Confirm

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We've all heard the adage, "It's not what you know; it's whom you know," and two new studies confirmed it Thursday. 

 

A study by the Center for College Affordability and Productivity has found that nearly half of recent college graduates are working in jobs that don't require a college diploma. 

According to the findings, about 48% of college students who graduated in 2010 are in positions that don't need a bachelor's degree, and 38% work jobs which don't even require a high school diploma.  It's a sobering statistic for young people heading into the workplace, especially those saddled with thousands of dollars in student loans. 

The prospects are brighter for those who went to well-regarded private colleges, who on average make more than graduates of state universities; yet even a college degree from a reputable institution doesn't guarantee work for recent grads. According to a new study by one large corporation, it seems you might want to ask a friend when it comes to searching for a job.

Why? Analysts say it's become increasingly more difficult for people to get their foot in the door of a company without connections, while referred job candidates in the study were twice as likely to land an interview over other applicants; the most desirable candidates came from internal recommendations, while resumes from applicants through corporate web sites or Internet job boards tended to fall to the bottom of the pile.

Perhaps more importantly, the study indicated that these preferences carried over into the interview phase; there, referred candidates enjoyed a 40% better chance of getting the job.

The lesson in this? Networking with your friends may be the best way to find new employment. 

 

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