getting hired in tough times - mba seminar (1.15.09)

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