Traditional Careerists Beware - Young Entrepreneurs Take the Stage
If you’re a recent graduate, and have been considering your options for kick-starting your career, chances are you’ll understand where I’m coming from.
Over the years, the way we tackle the progression of our career (so called ‘moving up the career ladder’) has changed significantly. Whilst glancing through a copy of the Evening Standard sitting helplessly on the underground, I came across an article that touched on this shift in a negative light … And the more I’ve thought about it over the last week, the more it seems to me that whilst it’s undeniable that our options today aren’t the same as they used to be, they haven’t necessarily changed for the worst.
What we’re witnessing is increased competition in the job market to penetrate large firms - whether we look in the fields of law, investment banking, or management consultancy - the list of talented candidates is increasing faster than ever, and the jobs just aren’t there for the taking. The result is in fact not great for traditional careerists. With so much supply, and increasingly limited demand, it’s only natural that entrance ‘incentives’ and salaries are actually being forced downwards by employers, and working hours together with employer expectations are increasing steadily.
But rather than look at this perhaps harsh reality and sob, let’s look at the brighter side of the equation. With limited jobs available for the ‘brightest’ minds, and an economy and society that every day embraces entrepreneurship and young start-ups more fervently, I think we’re starting to witness an increasing number of graduates look at the ‘work for yourself’ side of the job market, partner up and go into business from quite a young age… And no matter how we look at it, this can only be considered a good side-effect to this decrease in demand.Continued on the next page