JobTrak: 50 Percent of College Students Expect to be Millionaires
College students and recent graduates have high expectations of their earning potential. 52% of students expect to be millionaires by the time they are 40 years old according to the results of a survey released by JobTrak.com the nation’s leading online job listing service for students and alumni.
More than 2000 college students and recent graduates responded to the question “How old will you be when you make your first million?”
Following are the findings:
“With the American economy being bolstered by the e-commerce wave and game shows giving it away becoming a “millionaire” is a much more obtainable goal than it was 15 years ago” said Carolyn Ford Campus Recruiter at Deloitte Consulting. “In the past the main way for people to make a lot of money was to pick the right stocks and have the cash to invest in them. Now-a-days you just need to pick the right company start-up or technology and invest your time and effort in order to have a chance at the big money.”
James J. Tarbox Associate Director University of San Diego Career Services commented “The optimism that these results show with over 50% of the respondents reporting that they would make their first million by age 40 tends to reflect the strong economy in which students find themselves favorably positioned to secure jobs and internships.”
Ken Ramberg Co-founder of JobTrak.com commented “During the past few years new college grads have been wooed by companies offering stock options signing bonuses and high salaries. In addition they read story after story about young people striking it rich at dot com firms. It’s no wonder that these graduates have such high expectations. I’d counsel new grads however to find a profession that they enjoy and find challenging first and foremost.”
One job seeker said “All you need is a dollar and a dream.”