Get that resume out because this is the time you’ll get the best chance to score the job you want, a new report released by LinkedIn last week shows.
In 2016, the largest number of student applicants who were hired were those who applied between April and June. After summer ends, the hiring rate steadily dips again.
Around nine percent of those who applied for jobs last May were hired. And the prospect improved slightly for those who applied in June of 2016. That January was the month with the lowest hiring rate.
The study also showed the top 10 US cities hiring fresh grads.
The hotspots were mostly state capitals and major cities – New York City (New York), San Francisco Bay (California), Washington (District of Columbia), Los Angeles (California), Chicago (Illinois), Boston (Massachusetts), Dallas/Fort Worth (Texas), Houston (Texas) and Minneapolis-St. Paul (Minnesota).
The highest paying job goes to investment banking analysts with a total median income of US$105,000, followed by data scientist (US$93,500) and hardware engineers (US$90,000).
But the report also found there aren’t that many lucrative roles in investment banking to go around.
Only about 600 openings are available, a figure 87 times lower than jobs on offer in physical therapy employment, which has the biggest number of openings (more than 52,000) for roles that pay US$70,000 or above.
This is followed by software engineers with more than 33,000 openings and pilots with more than 14,000 openings.
Quartz reports the abundance of physical therapy employment is in preparation to care for the US’s aging baby boomers who will soon need such services.
Physical therapy openings have risen “much faster than the average for all occupations”, and is expected to grow by 34 percent from 2014 to 2024, according to the Bureau of Labor Statistics.
LinkedIn analysed the profiles of its members who graduated between 2015-2017 for this report, while the breakdown of salaries is based on data collected via the employment social networking website’s LinkedIn Salary Tool.
More than 500 million individual professionals use LinkedIn to look for jobs or for networking purposes.