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Market Opening up for Millennials; Having Technical Skills Helps 20130603-NEWS--0055-RG1-CCI-CD_-- 5/30/2013 5:22 PM Page 1 ® www.crainsdetroit.com Vol. 29, No. 22 JUNE 3 – 9, 2013 Special Mackinac Edition , ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved From Mackinac Mary Kramer: Ask parents about school reform, Page M4 Dillon: Reports of DIA art sale premature, Page M6 State budget talk shifts to next year, Page M8 Inside KENNY CORBIN “I was just trying to get by ... I knew I Degree of difficulty: had these years ahead of me trying to get out of debt,” Michael Hall says of Challenges await Wayne his post-college work experience. State’s new leader, Page M13 NATHAN SKID/CDB Special Report Roundtable talks talent: How to find it, develop it Jobs for a generation — and keep it, Page M21 Business Education Market opening up for millennials; having technical skills helps BY NATHAN SKID AL GOLDIS CRAIN’S DETROIT BUSINESS LIFE AFTER COLLEGE: WHERE MILLENNIALS GO AFTER GRADUATION very day, at exactly 7:43 a.m., The Destination Survey is administered annually by the Michigan State University Career Services Network to provide a snapshot of how students are transitioning out of college after graduation. The Michael Hall, 27, pulls out of his survey targeted only students who graduated in spring and summer 2012. driveway to put in his eight This year’s survey included data from 4,937 of 5,994 graduating students who received a hours driving a forklift, water- bachelor’s degree. E 2006 2007 2008 2009 2010 2011 2012 ing plants and working as a cashier at Panetta’s Landscape Supply in Employment: Graduates who left academia and found full-time employment 52% 54% 55% 47% 46% 53% 57% Liberal arts colleges change Taylor. It’s only a 10-minute drive from his Placement: Graduates who either have course to have sporting found employment, started a business or are 850-square-foot house in Lincoln Park, but continuing their education 84% 85% 89% 82% 85% 88% 91% chance, Page M31. it provides Hall enough time to reflect on Continuing education: Graduates who decided to how his life is different than he expected. pursue an additional degree instead of entering the labor pool 30% 30% 33% 34% 36% 33% 31% Crain’s Lists Hall says he formed a lawn-cutting service at age 15, graduated third in his class in high Employed in Michigan: Graduates who found Largest engineering school, earned his real-estate license at age 18 full-time employment in the state of Michigan 51% 51% 46% 59% 56% 57% 61% companies, Page M30 and owned three rental properties before he could legally drink a beer, and graduated from Wayne State University in 2008 with a 3.6 But in 2008, Hall’s rental properties became knew I had these years ahead of me trying to Graduate degree programs, grade-point average and a degree in business unsustainable; they were in the wrong part of get out of debt — just trying to survive.” management. town and drew unreliable tenants. His biggest In 2009, Hall, with a young bride and a 2- M37-M38 But his degree was almost an aside; at the lawn-care client stopped paying, and he could- year-old in tow, took his current job to put time, he had a thriving lawn-care business n’t make up the loss. food on the table, to support a family, to hold with 80 yards to maintain and three rental “It came to a point where I was just trying on while he looked for a job to put his degree properties to help pay the bills. to get by,” Hall said. “It was tough because I Private 200, Pages M47-M54 See Millennials, Page M3 Welcome to the 2013 Mackinac Policy Conference 20130603-NEWS--0001-RG1-CCI-CD_-- 5/30/2013 5:01 PM Page 1 June 3, 2013 CRAIN’S DETROIT BUSINESS Page M1 2013 Mackinac Policy Conference From Mackinac “ I didn’t have preconceived notions that someone had a briefcase full Mary Kramer: Ask parents of money for me when I graduated.” about school reform, Page M4 Jordan Fylonenko, Quicken Loans Inc. Dillon: Reports of DIA art sale premature, Page M6 State budget talk shifts to next year, Page M8 Panel: Auto industry needs to rev up talent pitch, Page M10 Study: Nearly 1 in 5 UM, MSU, WSU alumni have started a biz, Page M12 Special Report NATHAN SKID/CDB “I was just trying to get by ... I knew I had these years ahead of me trying to get out of debt,” Michael Hall says of his post-college work experience. NATHAN SKID/CDB Roundtable talks talent: How to find it, develop it, keep it, Page M21 Jobs for a generation Business Education Market opening up for millennials; having technical skills helps AL GOLDIS BY NATHAN SKID CRAIN’S DETROIT BUSINESS LIFE AFTER COLLEGE: WHERE MILLENNIALS GO AFTER GRADUATION very day, at exactly 7:43 a.m., The Destination Survey is administered annually by the Michigan State University Career Services Network to provide a snapshot of how students are transitioning out of college after graduation. The Michael Hall, 27, pulls out of his survey targeted only students who graduated in spring and summer 2012. driveway to put in his eight This year’s survey included data from 4,937 of 5,994 graduating students who received a hours driving a forklift, water- bachelor’s degree. E 2006 2007 2008 2009 2010 2011 2012 ing plants and working as a cashier at Panetta’s Landscape Supply in Employment: Graduates who left academia and found full-time employment 52% 54% 55% 47% 46% 53% 57% Liberal arts colleges change Taylor. It’s only a 10-minute drive from his Placement: Graduates who either have course to have sporting found employment, started a business or are 850-square-foot house in Lincoln Park, but continuing their education 84% 85% 89% 82% 85% 88% 91% chance, Page M31 it provides Hall enough time to reflect on Continuing education: Graduates who decided to how his life is different than he expected. pursue an additional degree instead of entering the labor pool 30% 30% 33% 34% 36% 33% 31% Crain’s Lists Hall says he formed a lawn-cutting service at age 15, graduated third in his class in high Employed in Michigan: Graduates who found Largest engineering school, earned his real-estate license at age 18 full-time employment in the state of Michigan 51% 51% 46% 59% 56% 57% 61% and owned three rental properties before he companies, Page M30 could legally drink a beer, and graduated from Wayne State University in 2008 with a 3.6 But in 2008, Hall’s rental properties became knew I had these years ahead of me trying to grade-point average and a degree in business unsustainable; they were in the wrong part of get out of debt — just trying to survive.” Graduate degree programs, management. town and drew unreliable tenants. His biggest In 2009, Hall, with a young bride and a 2- M37-M38 But his degree was almost an aside; at the lawn-care client stopped paying, and he could- year-old in tow, took his current job to put time, he had a thriving lawn-care business n’t make up the loss. food on the table, to support a family, to hold with 80 yards to maintain and three rental “It came to a point where I was just trying on while he looked for a job to put his degree properties to help pay the bills. to get by,” Hall said. “It was tough because I Private 200, Pages M47-M54 See Millennials, Page M3 Welcome to the 2013 Mackinac Policy Conference DBGateFlap_DBGateFlap.qxd 5/15/2013 4:13 PM Page 1 The sooner you know the cost impact of health care reform on your company, the better. So we’ll start by throwing out a number… DBGatespread_CDB gatefold spread 5/15/2013 4:28 PM Page 1 hap.org/business (800)427-7587 Calling HAP at this number is your fi rst step to getting real answers about health care reform Fully Insured PPO, EPO and HMO Plans I Self-funding/Shared-funding Plans and what it all means for your business. Including a variety of aff ordable plans perfect Consumer-Driven Health Plans (CDHP) for business in this changing health care environment. Plus advice on private exchanges, individual plans, the Michigan marketplace and more. But timing is crucial, so call us at (800) 427-7587 while you still have the most options at your disposal. DBGatespread_CDB gatefold spread 5/15/2013 4:28 PM Page 1 hap.org/business (800)427-7587 Calling HAP at this number is your fi rst step to getting real answers about health care reform Fully Insured PPO, EPO and HMO Plans I Self-funding/Shared-funding Plans and what it all means for your business. Including a variety of aff ordable plans perfect Consumer-Driven Health Plans (CDHP) for business in this changing health care environment. Plus advice on private exchanges, individual plans, the Michigan marketplace and more. But timing is crucial, so call us at (800) 427-7587 while you still have the most options at your disposal. 20130603-NEWS--0003-RG1-CCI-CD_-- 5/30/2013 5:02 PM Page 1 June 3, 2013 CRAIN’S DETROIT BUSINESS Page M3 2013 Mackinac Policy Conference Millennials: Job market opening up, but technical skills helpful ■ From Page M1 to good use. And for every Rembisz, there is ly good, about 20 percent of our to the social media manager at ers in Southeast Michigan has Now Hall says he is taking class- a Matthew Debuel, 28.
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