A new survey has found that 85 percent of recent college graduates are interested in relocating in the United States for an entry-level job.
In its "2008 Hot Cities Survey," Experience, Inc., a provider of career services for college students and young alumni, found that the most popular reason these Gen Y job seekers would relocate was for career opportunities. However, one-third of survey respondents also indicated that a high cost of living could be a factor in turning down an otherwise promising job opportunity.
The survey asked Gen Y respondents to identify which cities would be the most desirable. The top five desired cities were:
- New York (12%)
- Washington, D.C. (8%)
- Chicago (8%)
- San Francisco (7%)
- (tie) Seattle/Tacoma; Atlanta; Boston; Charlotte (5%)
The survey also found that 70 percent of college grads would consider relocating outside of the United States for an entry-level job.
"Employers have the opportunity to attract a larger entry-level talent base by sourcing beyond their geographical boundaries," Jenny Floren, founder and CEO of Experience, said in a press release announcing the survey results. "It's imperative that recruiters understand what motivates Gen Y and then promote the comprehensive benefits of their job opportunities, including the aspects of living in a specific region. When organizations can attract and retain large numbers of young professionals with optimized workforce development efforts, there can be a real economic boon to the city."