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This report includes a summary of key changes, including the salary level test and salary basis test.

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November 03, 2003
Graduates Consider Relocation and Career Changes
Seventy-four percent of college students and recent graduates would relocate in order to find employment, according to a survey by the Wall Street Journal's and Peterson's.

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Survey respondents included 719 college students and recent graduates.

Respondents said the Northeast has the most promising job outlook, while they said the Midwest has the worst. However, the September unemployment rates in the Northeast and Midwest were virtually identical (5.7 percent versus 5.9 percent), pointing to a misconception among respondents that the Northeast is the clear choice for employment opportunity, according to the creators of the survey.

"College students and recent graduates are faced with a difficult occupational outlook," says Mary Gatsch, president of Peterson's. "Job seekers may want to consider relocating if there are jobs they qualify for in other parts of the country. The Internet is a great place to start when looking for employment outside your current geographic area."

The survey also found that 21 percent of respondents have changed careers in the past two years, in order to find employment.

"Recent college graduates have been among those hit the hardest by the poor employment market," says Tony Lee, editor in chief of "Waiting it out by going to graduate school, taking a part-time job or relocating are options that college graduates should consider."

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