HS%20Student%20Career%20Planning%20Presentation_1

College, Career & Life PlanningCollege, Career & Life Planning 1

High School Student Career

PlanningOrientation


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?

Questions for Students


People Often Invest More Time Planning Their Vacation Than

Planning Their Career.

Think About It


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?

Career DecisionDetermines


The Stakes Have Never Been HigherThe Tools are Available

The Challenge is to Inform & Motivate

Career PlanningDilemma


Lifetime Valueof Education

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

Less thanHigh School

Diploma

High SchoolDiploma

Some Collegew /o Degree

Associates 2 yrs.

Bachelors 4 yrs.

Masters 6 yrs.

Professional 7+ yrs.

Doctoral 8 yrs.


Hours Invested

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

Grades 1-12 College Working


How Much IncomeDo I Need?

Annual Income Required (Given Various Interest Rates)

House Price 6.0% 6.5% 7.0% 7.5% 8.0%$100,000 $32,857 $34,229 $35,643 $37,143 $38,600$150,000 $49,286 $51,343 $53,464 $55,714 $57,900$200,000 $65,714 $68,457 $71,286 $74,286 $77,200$250,000 $82,143 $85,571 $89,107 $92,857 $96,500$300,000 $98,571 $102,686 $106,929 $111,429 $115,800$400,000 $131,429 $136,914 $142,571 $148,571 $154,400

Assumptionso 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.


How Much Will AHouse Cost?

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

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


• Easy to procrastinate.• Parents “fell into their jobs”.• Too scary to think about.• Too busy. No more homework!• Don’t know where to begin.• Don’t see the value.

Why Motivating Youthis Difficult


• “My son just graduated from college. He doesn’t 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 doesn’t 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 I’m not sure that’s what I want to do.”• “I hate my major, but switching involves two more years of college. My parents would kill me. I’ll gut it out. Maybe I’ll 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.”

Result: Poor Choices, Waste and Frustration


“Typical” Resources Used to Pick a Career

1. TV => There is a big difference between TV drama and “real life”.

2. Friends => They’ll 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. Life’s 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 parent’s career happens to be “the right one” out of several hundred possibilities for you.


Better Resources to Pick a Career

“Free” on-line resources1. To clarify your interest/fit with various careers2. To compare your personal skills/strengths

against those required by various careers3. To determine which careers offer the most

opportunity4. To develop your list of careers for

consideration5. To learn about the nature of work, education

requirements, job outlook, earnings, etc.


Better Resources to Pick a Career

Talk to People in Careers of Interest 1. Parent’s Friends2. Friend’s Parents3. Acquaintances from “Life’s Interactions” (e.g.

teachers, dentists, store managers)4. Career Day Presenters5. Volunteering, Internships, Job Shadowing


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.


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.


Your Interests(e.g., people, math, science)

Identify CareerPossibilities

Your Strengths(e.g., creativity,

leadership, writing)

Your Needs(e.g., income, growth,personal fulfillment)

Occupational Outlook Summaries

CareerOneStop Job Summaries & Videos

Networking, Internships, Job Shadowing, Volunteering

Evaluate/Select a Career

Career Planning Process


1. Get motivated2. Self Analysis3. Develop a list of jobs to consider4. Get on-line information for evaluation5. Evaluate job options6. Prepare a job comparison summary7. Talk to people in occupations of strong interest.8. Choose the “right” industry and company.

Career Planning Process


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)

Web Site Tool Demo

http://www.collegecareerlifeplanning.com/


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

HS%20Student%20Career%20Planning%20Presentation_1

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