Competency Modeling: Life Strategies for Recent College Graduates

Competency Modeling

by Avilar Competency

Millions of college students graduate with their Bachelor's degree every year. Unfortunately they are also confronted by a competitive job market, burdensome student loans and an air of uncertainty which surrounds them. There are several steps (e.g. competency modeling), a new college graduate must take in order to ensure that he is in the best position possible to find gainful employment and build personal wealth. By gaining a better understanding of the terms of one's student loans, networking, sticking to a budget, and employing the help of a career counselor, a recent college graduate is more likely to find gainful employment soon after graduation day. Following are several strategies that young adults can use while attempting to get on their feet after graduation.

Many students turn to student loans as a primary means of funding their college education. In most cases, students are not truly aware of the terms of their student loans. Many students falsely view student loans as "free money," and don't ever think about the fact that they will eventually have to pay them back. Prior to graduation day, it is extremely important for a student to understand what his interest rate, expected monthly payment, and length of the loan will be. By keeping up with student loan payments and not allowing them to default, one is more likely to pay off his student loans on time.

For some, moving home is the best way to get on one's feet after graduation. Many parents are willing to house their recent college graduates as they look for work, especially since this generation has had more difficulties finding a job. Be sure to use this time wisely, don't squander money on foolish purchases. Instead, use this time to pay down student loans and save money.

Technology has made it especially easy to network, so use social media to one's advantage. Post virtual resumes on job search engines, reach out to companies of interest, and spread the word of one's employability. Becoming one's own personal advocate is the best way to find gainful employment quickly.

For some who find it difficult to find gainful employment, it may be beneficial to seek the advice of a career counselor. A career counselor is an individual who is able to help a client identify his professional strengths and weaknesses, such as leadership competencies, computer proficiency, and other highly valuable job skills. Competency modeling is a valuable tool utilized by career counselors, which can be highly beneficial for those who are looking for a way to become more marketable. By utilizing competency modeling, a career counselor can help a client gain valuable insight on his leadership competencies, as well as how to employ better job search strategies.

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