Getting Hired in Tough Times - MBA Seminar (1.15.09)
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Transcript of Getting Hired in Tough Times - MBA Seminar (1.15.09)
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LCB Career Services Presents….
Getting Hired in Tough Times
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AgendaI. The state of the job marketII. Finding the right internship for youIII. Interviewing effectivelyIV. Accessing resources
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In the News…
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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
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The Good News• “Is the Jobs Panic Justified?”
(Business Week)• “Where Jobs Still Are in a Bleak
Market” (Fortune)• “With Crisis Comes Opportunity”
(Forbes)
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Internships
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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
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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?”
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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.
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Interviewing
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Talking About Yourself• Employers are interested in hearing
about what you accomplished—your success stories.• S-O-A-R –Situation–Obstacle/Objective–Action –Result
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ExerciseIn pairs:
Take turns in each role: Recruiter – pose question Interviewee – respond using SOAR
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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?
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Resources
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UO JobLink
http://uocareer.uoregon.edu
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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
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BlackBoard
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Reference USA
www.referenceusa.com
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Fortune 1000 Compare Tool
http://cgi.money.cnn.com/tools/fortune/compare_2008.jsp
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Eugene Chamber
www.eugenechamber.com
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More Research ToolsRanked Lists• Book of Lists• Oregon Business Magazine—100 Best• Best Fortune 1000 Companies to Work
For (www. Money.com)
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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