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- Job advice for the class of 2022: Execs from SAP, Citi, and PwC on how to leverage the job-seekers market for long-term success.
Job advice for the class of 2022: Execs from SAP, Citi, and PwC on how to leverage the job-seekers market for long-term success.
Ebony Flake,Reed Alexander,Marguerite Ward,Josée Rose,Tim Paradis
- Class of 2022 college graduates can expect more job options and higher pay.
- C-suite executives advise grads to prioritize development over money when choosing their first job.
It's commencement time and college graduates are entering a competitive job market as US employers are hiring 31.6% more graduates compared with last year, and paying them 2.5% more than starting salaries for hires from the Class of 2021.
The market gives the Class of 2022 the advantage of a plethora of employment choices and a higher career-earning trajectory. However, C-suite executives advise new grads to consider more than just earning potential when choosing their first role.
Insider spoke with top leaders who shared career advice for new graduates. They said to prioritize development and relationships over money, and make sure graduates' values are aligned with their employers'.
The responses have been edited for brevity and clarity.
Tim Ryan, US chairman and senior partner at PwC
PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms.
Align your values with your employer:
We know money matters, but look at the company's reputation, look at their culture, look at how they stand by people. How did they react to the financial crisis? How did they react to the pandemic? How are they reacting now?
Advice for long-term success:
I try to give advice, not only for today but 40 years from now. The first piece of advice is to treat people with respect. We all make those mistakes, including me, but when you make a mistake, say "sorry."
The second piece of advice is, don't just point out problems, but point out solutions and be part of the solution. It's easy to point out problems, and God knows there are plenty of them, but get involved in resolving them.
Don't forget your personal life:
And, the last one is to remember it starts at home. If someone is not happy at home, it's hard for them to be sustainably satisfied at work. So, therefore, the biggest job people have is at home.
Jonathan Johnson, CEO of Overstock.com
Overstock.com is an online retailer of furniture and home goods.
Advice for long-term success:
My best employees, the people that get promoted, are people that make my life easier. They see problems, they identify problems, and they work to solve problems.
Someone who comes to me and says, "Jonathan, here's something that's wrong." That's useful. But someone who comes to me and says, "Jonathan, here's something that's wrong. Here's what I think we should do — and I'd like to do it." That's what managers are looking for.
Also, having a friend at work makes all the difference. Today, so many of us are remote or part-time. If you have a friend, that person can help you when you're down, they can serve as a peer mentor.
Prioritize your development:
You may think that your learning is over after college, but it's just beginning. When I graduated from law school, e-commerce wasn't a thing, and I became the CEO of an e-commerce company.
When I first became the president of Overstock, blockchain wasn't a thing. And eight years later, I was the president of our blockchain investment arm. That's because I like to learn what I'm going to be doing 10 years from now. So I always tell my kids, what you're going to be doing in 20 years may not exist today, so be a constant learner.
Nancy Hauge, chief people experience officer at Automation Anywhere
Automation Anywhere is a global software company that develops cloud automation services.
Choose the right company:
Some years ago, I read a study on the presidents of the United States. They've been asked through the ages: "Who's the most influential person in your life?" Of course, the number one answer is always their mother. The second one, though, is their first employer. And that's profound.
As a first employer, you think about what that responsibility is to young people as they start their careers. It's massive in terms of how you set the framework and expectations for how they will be treated in the workplace and what their potential could be in the workplace.
My advice to new grads is to choose their first employer really well. The first employer you have out of college helps define who you're going to be in the future. You have to seek a place that is going to share your values. Remember, you make the choice. They make an offer to you, and you get the final word about whether you'll take it. You have all the power in that relationship.
Richard B. Handler, CEO of Jefferies Financial Group
Jefferies Financial Group is an investment bank based in New York City with more than 4,750 employees worldwide. The firm's asset-management division holds $39 billion in assets.
Find your passion:
Find a job that you genuinely have a passion for, and make sure the people you choose to work with will take a personal interest in you as a person.
Prioritize your development:
You want to work with people who will allow you to ask questions and make mistakes — expose you to the people and situations that will enable you to learn, and want you to have a career with them and not just a job.
Don't forget your personal life:
Force yourself to have some quality-of-life balance, build as many positive and real relationships as humanly possible, act like a long-term owner of your company even if you have only been there for a week, and remember that your reputation and integrity will always be your most valuable asset in life.
Sarah Dunn, global human resources officer of Tapestry Inc.
Tapestry, Inc. is a multinational luxury fashion holding company. Originally named Coach, Inc., Tapestry is the parent company of three major brands: Coach New York, Kate Spade New York, and Stuart Weitzman.
Prioritize your development:
Make sure you can see a career path where you can grow. Whether that's an assignment in a different part of the world or an assignment in a different brand or different discipline, having mobility opportunities will broaden your horizons. My biggest advice to anybody is to always be broadening their career path. You never want to cut off your avenues of growth.
Align your values with your employer:
You have to be you. Ensure that you're working in a company that respects your values.
Ravi Saligram, CEO and board member at Newell Brands
Newell Brands is a global manufacturer, marketer, and distributor of consumer and commercial products, with brands including Rubbermaid, Mr. Coffee, Marmot, Elmer's, and Yankee Candle.
Prioritize your development:
Make sure it's a place where you can learn. Don't worry about what they pay you or your title. If you have two or three offers, be courageous enough to reject the higher offer if you can learn more. Find a place you'll stay and learn and learn and learn — where they'll move you to different areas. Learning is so critical in those formative years. Don't be lured by who will pay you an extra buck.
Align your values with your employer:
Find a company that fits your ethos your values. Fit is pretty essential, especially in that first job. Those early formative years are so crucial to your career. Also, make sure you have good chemistry with your hiring manager.
Jennifer Weber, senior vice president and chief human resources officer for ADM
The Archer-Daniels-Midland Company, is a nutrition, food processing, and commodities company whose broad product lineup ranges from high-fructose corn syrup to products used in gasoline and cosmetics.
Advice for long-term success:
I have adult children who are entering the workforce and my advice to them is, be patient. They are of this digital generation with everything available to them right at their fingertips. They have information, they have answers, they have pictures, they have insights. They have been raised in a culture of immediacy — immediate satisfaction, immediate information. That's just not the way companies work.
Rod Little, president and CEO of Edgewell Personal Care
Edgewell Personal Care manufactures, distributes, and markets personal care goods, including feminine, skin, sun-care, and shaving products.
Find your passion:
I've had these conversations with my daughters. What I would tell grads is what I've told them: Do what you like and like what you do. When you like what you do, you want to do it. It's not a long slog. When you're doing something you don't like, you don't look forward to it. You try to minimize the time you do it.
Align your values with your employer:
Make sure your values match not only with the company but also with your hiring manager. If you don't walk away from an interview with the hiring manager feeling really good about that interaction, pay attention to that. If you don't leave the discussion saying, "I like that person. I think I can trust them," you probably want to pass on that job. You'll know when it's right.
Choose the right company:
Pick a company that will invest in you and challenges you to grow and develop. It's not just the formal training, go with a company that will give you real work to do — a real job — and trust you to make mistakes and recover.
Look for companies that try to develop their leadership from within. There are many companies out there that are learning and growth-oriented, and there are many that are not. Procter & Gamble, for instance, has a reputation for promoting from within. And military organizations, any branch of the military, they don't hire general officers or admirals, they develop them.
This article was originally published on May 31.
Becky Frankiewicz, chief commercial officer and president, North America, at ManpowerGroup
ManpowerGroup is a global staffing firm.
Align your values with your employer:
"College graduates are walking into the hottest job market in history. I would remind them that they are in high demand. My advice would be to choose a place that fits your values and has a path for you to continue to develop yourself. You only get the chance to enter this economy once, so make it worthwhile."
Lars Seier Christensen, CEO of Saxo Bank
Saxo Bank is a Danish investment bank specializing in online trading and investment with more than 2,500 staff worldwide. Saxo Bank Group holds more than €86 billion in client assets.
Advice for long-term success:
Focus on what you love, not what you think pays best. Otherwise, you may earn a good living, but you will not enjoy life to the fullest and become wildly successful if you don't love what you do. Be open-minded about not always using your education. Maybe there are better opportunities somewhere else. Most people end up doing something else than they thought they would in school and university. Always do your very best. Don't cut corners and be very persistent. Someone will notice sooner or later.
Katy George, senior partner and chief people officer at McKinsey & Company
McKinsey & Company is a management consulting firm with offices in 65 countries and annual revenue estimated at $10 billion. The company advises corporations, governments, and other organizations.
Prioritize your development:
My son just graduated from college, and I advise him to seek out great developmental opportunities: to work with people who care about apprenticeship and to take some adventures just for the sake of learning.
Advice for long-term success:
You're not in a race. Learn new things, become a lifelong learner; cultivate personal flexibility and resilience; take care of your health and well-being. Do work that has meaning to you, and work with people you like.
Sandra Ozola, global head of human capital at KKR & Co.
KKR & Co. is global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its partners, hedge funds. KKR holds more than $471 billion in client assets and has more than 1.900 staff worldwide.
Choose the right company:
The job market today is still incredibly strong for new graduates, but we know that hiring often lags behind the financial markets. So we anticipate a normalization and slower pace of hiring as part of that dynamic. So our advice would be to join a company that has a strong, cohesive culture that can help it withstand the challenges that may lie ahead.
Chris Kibarian, CEO of Emsi Burning Glass
Emsi Burning Glass is an analytics firm specializing in labor market data, analyses, and consulting services for employers, higher education institutions, and economic/workforce development professionals.
Advice for long-term success:
You're entering a great job market for new workers—deceptively great. It's true that talent is scarce, but skills rule when it comes to the labor market. More employers are willing to train, but the person who shows up ready on day one will still have an advantage.
Go where the jobs are. While remote work is much more practical than it used to be, the ability and willingness to move to a location to work with an office-based team can still be an advantage.
Bruce Larson, chief human resources officer at Carlyle Group
The Carlyle Group is a global investment firm specializing in direct and fund-of-fund investments with more than 1,800 staff worldwide. The company has more than $325 billion in assets under management.
Advice for long-term success:
I would encourage new grads to take a long-term view of their careers as we do from an investment standpoint. Fads, trends, and cycles are temporary, so you need to have conviction in the long-term philosophy of whatever you are pursuing.
Elizabeth Crain, chief operating officer at Moelis & Company
Moelis & Company is a global investment bank whose clients include corporations and governments. The company has $6.9 billion in assets under management.
Advice for long-term success:
Building relationships and developing deep experience early in your career helps build the foundation for long-term success. The ability to do this is one of the reasons I feel strongly about having our team together in the office. Each of our team members brings perspectives that are critical to ongoing learning and the quality of advice we provide our clients.
The past 10–15 years have been defined mostly by growth, which is relatively easy to navigate. But as we experience economic challenges, our network and experiences provide a foundation to help navigate the turbulence. Those are the keys to enduring career success.
Laura Miele, chief operating officer at Electronic Arts
Electronic Arts develops and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets.
Advice for long-term success:
While career plans are important, it is even more important to remain open to new experiences that come your way and embrace new trends, opportunities, and things that genuinely interest you to accelerate your career. What you study in school may or may not matter. Most kids in school right now will have a job in the future that doesn't exist today!
Also, when you face a roadblock, you must believe in your ability to overcome challenges. With all the challenges I've had in my career, the fact that I have gotten up more than I have fallen down is how I've been successful.
Kate Burke, chief operating officer of AllianceBernstein
AllianceBernstein is a global investment management firm that offers research and investment services to institutional investors, individuals, and private wealth clients. The company has more than $600 billion in assets under management and more than 4,000 staff worldwide.
Prioritize your development:
Embrace teaching moments, be inquisitive, and ask questions. This is how you grow. Always raise your hand for new opportunities and challenges. Even if you are not an expert and do not know an answer, look at that challenge as a professional-development stepping stone and another tool to add to your toolkit.
Joan McGrail, chief human resources officer at New Balance
New Balance sells footwear, in particular for running, and apparel in more than 120 countries.
Align your values with your employer:
I would say to new grads: you have a lot of choices. There is no shortage of opportunity. Take your time, do your research, and consider a company's core values and culture while researching different companies and roles because it will be essential to your experience.
Dan Healey, head of people, SAP Customer Success
SAP provides software for enterprise resource planning, business intelligence, and related services.
Advice for long-term success:
Try to identify areas or topics that you are passionate about and find opportunities that align with those interests. You won't have everything — or much — figured out the first day on the job. Give yourself time to experience as much as possible so you can identify what drives you and what you aren't interested in doing. Have a bias for action, and don't be slowed by inertia. And don't be afraid to fail and fail fast. It's the best way to learn!
Jennifer Alessandra, senior vice president and chief people & communications officer at Frontdoor, Inc.
Frontdoor, Inc. is a appliance repair and maintenance company. Its brands include American Home Shield, HSA, OneGuard and Landmark.
Find your passion:
Before going into a new job, understand your sweet spot — what you're drawn to that naturally leverages your talent and approach. Especially in the current environment of virtual and flexible work arrangements, it's important to feel empowered to bring your whole self to your work environment.
Prioritize your development:
Try to avoid the expectation of immediate success or advancement. You need to be willing to learn, experiment, and take on stretch assignments. Continuous learning unlocks growth. It's not often comfortable to be in that situation, but it can be fun. If you develop a sense of ownership over your own achievements and understand their value to the big picture, you'll be successful — and the glory will follow.
Sara Wechter, head of human resources at Citi
Citigroup is financial services holding company that provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.
Prioritize your development:
Look for opportunities to learn. Rather than thinking about how to move up, think about what new experiences and skills you'll gain from a role and who you'll work with and learn from. Exposure to diverse perspectives and areas of the business helps round out your thinking and can be of more value over the long term. When I started in investment banking 18 years ago, leading HR wasn't on my radar. By focusing on learning and having a growth mindset, you open yourself up to career possibilities you may not have imagined.
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