An increasingly large pool of unemployed workers, many who are highly qualified and have killer resumes, means that getting an interview and landing a new job is a longer and more challenging process these days. After sorting through piles of resumes, hiring managers are now holding more rounds of interviews than before. Get through the first round of interviews with these tips.
Most of you have jobs related to your college majors, but have you wondered what your old major mates might be up to? PayScale put together a list of some of the most popular majors along with the most popular jobs and median salary for each. Their list includes the ten most popular jobs for each major, but you can find the two highest paying jobs for the majors they provided listed below. Are any of these occupation / major pairings surprising to you?
Business Management Majors: Human Resources Director ($86,000), Project Manager, Construction ($86,000).
Criminal Justice: Operations Manager ($81,000), Detective or Criminal Investigator ($63,000).
ZipCar is the name most often affiliated with car sharing, but Enterprise is moving in to create some friendly competition. The company is expanding its WeCar car sharing service to capitalize on what The Wall Street Journal says is a growing industry. Enterprise is moving slowly with its venture, and will at first only supply cars in business-to-business arrangements with companies that will make the cars available to employees.
Much of the banking drama from the last few weeks can be traced back to bad mortgage bets, making us wish that homeowners were never approved for loans they never could have afforded. Yesterday, a government drafted mortgage aid program launched into action that aims to contain the mortgage crisis from causing more trouble. The $300 billion, three-year initiative aims to allow about 400,000 homeowners to exchange their existing mortgages for more affordable ones, therefore staving off potential foreclosures.
Lenders must first decide if they want to participate in the program as they'd be taking losses on the existing loans, and it's not clear if the so-called "Hope for Homeowners" program will go over well in the industry. A report by the State Foreclosure Prevention Working Group is critical of the initiative and found that in the past year, about one in five loans that were adjusted to give more favorable lending terms became delinquent again. What do you think of the mortgage aid program? Are you hopeful that it will prevent more foreclosures?
ABC News tried to come up with the simplest explanation for the credit crunch and why the government has been debating a potential bailout, and its efforts resulted in a quick cartoon. Treasury Secretary Paulson and both Presidential candidates say that without a bailout package, there will be a credit crunch where businesses won't be able to meet payroll and consumers won't be able to get loans for college and homes. Check out the animated explanation of the credit crunch below.
It's clear the economy is on everyone's minds lately — I can't hop in a cab these days without the driver asking me if I think we're headed for another Depression. While there's nothing I can do to predict the fate of our financial system, it makes me feel more in control to protect what I have and try to save more in uncertain times like these.
Foolishly, I've even caught myself checking my bank accounts a bit more often just because it makes me feel better to know my money is safe. On a more productive note, I've also been watching my spending more carefully and putting more consideration in to every purchase. Have recent economic events made you more mindful of your money?
Fortune released its annual list of the 50 most powerful women in business, and while most of the honorees are in their 40s or 50s, the youngest woman to ever claim a spot on the list is only 33 years old. Marissa Mayer, VP of Search and User Experience at Google debuted the list at number 50, and it seems likely that she'll move her way up the list in years to come.
A self-proclaimed geek, Marissa was Google's first female engineer and her job is to oversee thousands of engineers while shaping the design of services like Google.com, Google Maps, Earth, Health, iGoogle. As one of the most powerful women in business, she is in the company of inspiring and accomplished women like Oprah Winfrey, Indra Nooyi (CEO of PepsiCo), Andrea Jung (CEO of Avon), and many more.
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