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Why it's important that your first job is a 'good' one

Key Points
  • The quicker graduates land good jobs after leaving school, the more likely they are to earn better salaries.
  • Students who have a desirable job lined up after college are more than twice as likely to be earning $60,000 a year than those graduates who took between two and 12 months.
  • More than a third of recent college graduates who took a year or more to land a good job earn less than $24,000 a year, not much more than they'd likely be making had they never attended college.
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In the race to find a job after college, the slow and steady don't win.

In fact, the quicker graduate land good jobs after leaving school, the more likely they are to earn better salaries — in the short-term and long-term, according to a new study by Gallup.

"Good" is self-defined by the graduate.

"It doesn't matter to us what a good job means to them, it just matters to us that they found it," said Stephanie Marken, executive director of education research at Gallup, which interviewed more than 4,000 adults aged 18 and older who earned a bachelor's degree between 2010 and 2016.

Click on graphic to enlarge.

Current Personal Income by time 180920

Gallup found students who have a job they like lined up right after graduation are more than twice as likely to be earning $60,000 a year than those graduates who took between two and 12 months to secure a good job.

The longer it takes to land that desired job, the bigger the hit to the graduates' earning power.

More than a third of recent college graduates who took a year or more to land a good job earn less than $24,000 a year, not much more than they'd likely be making had they never attended college.

People who can't find the right position quickly confront challenges, Marken said — such as explaining their lack of experience to a prospective employer — along with a greater likelihood of taking a job just to have one, regardless of its appropriateness.

"Some people take jobs that aren't their ultimate dream job or even at the income they need to sustain their expenses, but it may be an offer they feel obligated to accept," Marken said. "It's very difficult to get out of that cycle."

Click on graphic to enlarge.

Percent currently earning $60K or more in personal income 180920

The findings point to the importance of students preparing for the workforce while they're still in school, Marken said.

"If you have an applied learning experience," while in college, she said, "you're far more likely to have a good job waiting for you upon graduation."

While they're still in college, students should enroll in courses, and seek out internships and jobs that will show employers they're prepared for the work.

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