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As a recruiter I definitely have a lot of insight on negotiations. Others are correct in stating that having these loans actually makes people more desperate f
by withdavidli 12y ago
As a recruiter I definitely have a lot of insight on negotiations.
Others are correct in stating that having these loans actually makes people more desperate for any job. It's very different in the Silcon Valley where we see a lot of high salaried tech workers. Their skills are high in demand and in the capital of tech. This isn't the case for most fresh grads.
There's also the situation of the last recession where people went back to school to wade out the downturn in the economy. I had fresh MBAs taking offers lower than what they were making pre-MBA.
This makes the situation much worse as students increase student loans, lose 1-2 years of earning, still accruing 6-9+% interest rate on undergrad loan, and then coming back into a market that's overflooded with cheaper undergrads and more master level graduates looking for jobs.