High School Student Career Planning Orientation

College, Career & Life Planning

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Questions for Students

1. How many hours have you invested in school between grades 1-12? 2. Why do you go to school? 3. Is it smart to select a HS extracurricular activity at random? A career? 4. What is the best career in the world? 5. When are you required to decide on your career?
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Think About It
People Often Invest More Time Planning Their Vacation Than Planning Their Career.

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Career Decision Determines

1. How you spend most of your "awake" hours for the next 40 years?
2. Your opportunities for personal satisfaction and growth? 3. Your ability to meet your family's needs (e.g. housing, medical, college)?

4. Your ability to eventually retire with the financial resources to enjoy it?
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Career Planning Dilemma

The Stakes Have Never Been Higher

The Tools are Available

The Challenge is to Inform & Motivate

College, Career & Life Planning

Lifetime Value of Education

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$0
Less than High School Diploma High School Diploma Some College w /o Degree Associates 2 yrs. Bachelors 4 yrs. Masters 6 yrs. Prof essional 7+ yrs. Doctoral 8 yrs.

College, Career & Life Planning

Hours Invested
90000 80000 70000 60000 50000 40000 30000 20000 10000 0 Grades 1-12 College Working

College, Career & Life Planning

How Much Income Do I Need?

Annual Income Required
(Given Various Interest Rates)

House Price $100,000 $150,000 $200,000 $250,000 $300,000 $400,000

Assumptions

6.0% $32,857 $49,286 $65,714 $82,143 $98,571 $131,429

6.5% $34,229 $51,343 $68,457 $85,571 $102,686 $136,914

7.0% $35,643 $53,464 $71,286 $89,107 $106,929 $142,571

7.5% $37,143 $55,714 $74,286 $92,857 $111,429 $148,571

8.0% $38,600 $57,900 $77,200 $96,500 $115,800 $154,400

o 30 yr. fixed rate mortgage. Property tax & Insurance is 2% of market value. o No downpayment. 100% of house price is financed to simplify analysis. o Principal, Interest, Prop Tax & Insurance will be 28% of Gross Income o House is a family's biggest expense and a reasonable indication of lifestyle.

College, Career & Life Planning

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$0

College, Career & Life Planning

How Much Will A House Cost?

Yo un gs to w n, O El H Pa so Sy ,T ra X cu se Pi ,N tts Y bu rg In h, di PA an ap ol is ,I N O ca la ,F H ou L st on ,T D X al la s, TX At la Ta nt m a, pa G /S E Ft tP .L et e/ au C de W rd al e, Bo FL st on N ,M ew A Yo Lo rk s ,N An Y ge le s, An C A ah Sa ei n m Fr ,C an A ci sc o, C A

Median Price of Existing Single Family Homes (Select U.S. Cities) 2004

Why Motivating Youth is Difficult

Easy to procrastinate.
Parents fell into their jobs.

Too scary to think about.

Too busy. No more homework!

Dont know where to begin.

Dont see the value.
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Result: Poor Choices, Waste and Frustration

My son just graduated from college. He doesnt have a clue what he wants to do. Maybe forensics. Maybe art.
My daughter is a sophomore in college and she hates her major (accounting). She is changing majors, but doesnt know what to choose. That means at least one more year of college that we cannot afford. Now that I have a college degree, I need to think about a career. I majored in Marketing, but Im not sure thats what I want to do. I hate my major, but switching involves two more years of college. My parents would kill me. Ill gut it out. Maybe Ill learn to like it. I wish I had known four years ago what I know now. I would have taken career and college planning more seriously. My major was easy and fun, but now I cannot get a decent job.
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Typical Resources Used to Pick a Career

1. TV => There is a big difference between TV drama and real life. 2. Friends => Theyll know what sounds cool, but unless they have proactively used the career /college tools available, they are probably not a knowledgeable source of information. 3. Lifes Interactions => OK, you have used the services of Dentists, Pharmacists, Teachers, etc. but Do you really know what it is like to do their job?

4. Parent => A great source, if your parents career happens to be the right one out of several hundred possibilities for you.

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Better Resources to Pick a Career

Free on-line resources
1. To clarify your interest/fit with various careers 2. To compare your personal skills/strengths against those required by various careers 3. To determine which careers offer the most opportunity

4. To develop your list of careers for consideration

5. To learn about the nature of work, education requirements, job outlook, earnings, etc.
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Better Resources to Pick a Career

Talk to People in Careers of Interest
1. Parents Friends

2. Friends Parents
3. Acquaintances from Lifes Interactions (e.g. teachers, dentists, store managers)

4. Career Day Presenters

5. Volunteering, Internships, Job Shadowing
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Suggestions Before Starting

1. Don't select a career based solely on $$$. 2. Do pick a career for which jobs are available with income levels adequate to meet your family's financial needs. 3. Don't expect a quick, easy answer. The career planning process requires time and effort. Invest the time to identify/evaluate careers that "fit" your needs, interests and abilities. 4. Do use a variety of tools and talk to several people in each career of interest. 5. Don't get discouraged or discredit the process when some obviously unacceptable careers appear on a list generated by an interest assessment tool (they will). Career planning is not a precise science. Reason and judgment must be applied.
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Suggestions Before Starting

Do think about the process as a way to significantly improve your odds (with no guarantee) of selecting a great career. The following table is my rough estimate of how your odds for choosing a great or "perfect" career improve by making an informed decision. Random Gut Informed Decision Feel Decision Perfect Career 1% 5% 20% Great Career 4% 20% 50% Acceptable Career 60% 50% 20% Terrible Career 35% 25% 10%
For example, I estimate that your probability of selecting a "perfect career is about 1% if you make a random decision vs. 20% if you make an informed decision. College, Career & Life Planning
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Career Planning Process

Your Strengths (e.g., creativity, leadership, writing) Your Interests (e.g., people, math, science) Your Needs (e.g., income, growth, personal fulfillment)

Identify Career Possibilities

Occupational Outlook Summaries

Networking, Internships, Job Shadowing, Volunteering

CareerOneStop Job Summaries & Videos

Evaluate/Select a Career
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Career Planning Process

1. Get motivated
2. Self Analysis 3. Develop a list of jobs to consider

4. Get on-line information for evaluation

5. Evaluate job options 6. Prepare a job comparison summary 7. Talk to people in occupations of strong interest. 8. Choose the right industry and company.
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Web Site Tool Demo

www.collegecareerlifeplanning.com
Tools College Planning Tools (Selecting, Applying & Financing) Career Planning Tools (Self-assessment, Identify Careers Prospects, Retrieve Required Information, Evaluate Careers, Company/Industry Information, Evaluate Companies/Industries, Job Basics)

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The Door is Open. Will You Enter?

Invest time to review/use the tools to make informed decisions. Tell others who might benefit (friends, cousins, neighbors, siblings) Your Future Depends On It
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