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Career Workshop for MPhil & PhD Students From Research Degree to Dream Career

V2. Career Workshop for MPhil & PhD Students From Research Degree to Dream Career. Date : 29 April 2009 (Wednesday) Time : 5:00 pm - 6:30 pm Venue : RM419, Knowles Building Keynote Speaker : Mr. Herman Chan, Director of Careers and Placement.

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Career Workshop for MPhil & PhD Students From Research Degree to Dream Career

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  1. V2 Career Workshop forMPhil & PhD StudentsFrom Research Degree to Dream Career Date : 29 April 2009 (Wednesday) Time : 5:00 pm - 6:30 pm Venue : RM419, Knowles Building Keynote Speaker : Mr. Herman Chan, Director of Careers and Placement This PowerPoint will be put in our website : http://www.hku.hk/careers/crp/0809/material.html H:\08-09\CE\WS\Others\CWFRPS\090429.ppt

  2. Outline • Economic environment, job market & career, 2008, 2009, 2010 • 2008 Graduates Employment : Right before the storm • Employment Situation • Employment Sector • Salary Level • Time taken to Secure Employment • Industries, Positions & Companies • ROAD MAP to your Dream Career 2 of 44

  3. Outline • Working tools & support from CEDARS • Job Search Process & Support • Placement Services to PGs • Different Approach for PGs • Workshops • Recruitment Talks • Partnership & Communication 3 of 44

  4. 2008 & 2009Economic & Job Market Picture • 2008 job market & economic conditions • Economic condition • Sub-prime problem : showed up 2007 Oct • Full force 2008 3rd & 4th Q.Lehman / Bear Stern / Citi Group / AIG / Washington Mutual • Global Recession • 2008 Q4 Confirmed • 2009 Q1, Q2 Continued • 2009 Jul-Sept : Expected worse time • 2009 Q3/Q4: Bottom out: China early sign of recovery • 2010 Gradual but slow recovery 4 of 44

  5. 2008 & 2009Economic & Job Market Picture … (Cont’d) • 2008 job market & economic conditions … (cont’d) • Job market : Vacancies • JIJIS : 2008 Sep - Dec : -30% YOY 2009 Jan - Feb : -40 - 60% YOY • HKU job site : 2008 Sep - Dec : -25 - 30% YOY 2009 Jan - Feb : -35% YOY • 2009 Full year : overall - 30 - 40% • Worse time to come : 2009 Jul - Sep 5 of 44

  6. 2008 Graduates (UG, PG)Job Search & Employment • Commence : Sept 2007 • Peak & good opportunities : Oct - Dec 2007 • 2nd round : Jan - May 2008 • 3rd round : Jun - Sep 2008 • Cycle completed just before full subprime impact surged • Full employment 99.4% by March 2009 6 of 44

  7. 2008 Graduate Employment SurveyEmployment Situation : so far, so good Note :1. TPG already employed/with work experience. Thus, higher employment rate2. On YOY basis, no obvious rise in further studies, both RPG & TPG 7 of 44

  8. 2008 RPG Graduate Employment SurveyEmployment Situation • NotePhD: Natural destination: Majority EmployedMPhil: 20.7% continued further studies, similar ratio as UGs 8 of 44

  9. 2008 Graduate Employment SurveyEmployment Sector 9 of 44

  10. 2008 Graduate Employment Survey Basic and Gross Monthly Income 1. 0.9% increase YOY for RPG, 6.9% for TPG 2. Unique exception, not regular 10 of 44

  11. 2008 Graduate Employment Survey Basic and Gross Monthly Income … (Cont’d) Note: MPhil: 6.6% increase YOY in basic income. Others stayed the same 11 of 44

  12. 2008 Graduate Employment Survey Time Taken to Secure Employment (RPG) Note : *RPG July = 50 - 60% Oct = 80 - 90% Feb = 100% **TPG : got jobs earlier, some already worked while studying 12 of 44

  13. 2008 Graduate Employment Survey Time Taken to Secure Employment (RPG) … (Cont’d) Note : Overall progress similar between MPhil & PhD 13 of 44

  14. Examples of Careers & Jobs Diversity among 2008 RPGs 14 of 44

  15. Examples of Careers & Jobs Diversity among 2008 RPGs … (Cont’d) 15 of 44

  16. Examples of Careers & Jobs Diversity among 2008 RPGs … (Cont’d) 16 of 44

  17. Examples of Careers & Jobs Diversity among 2008 RPGs … (Cont’d) 17 of 44

  18. 2009 - 2010 Scenario • Economy & Job Market • L. shape global economic growth at low level 1 -2 % • China recovers faster (8%± economic growth) • Companies still in consolidation phase • Very slow job market recovery • Some 2009 graduates still in job market by 2010 • 2nd half 2010 will show sign of recovery 18 of 44

  19. 2009-2010-2011What Career & Profession will : • Go strong • Engineering consulting, contractor, public utilities • Research : university with government funding, curriculum (3-4) reform • Teaching : Universities, colleges, secondary schools • Research (non-academic) : Pharmaceutical, health care, bio-science • Health care : clinical psychologist, psychologist (Note : PG’s have different rich markets, search into your special fields) 19 of 44

  20. 2009-2010-2011What Career & Profession will : … (cont’d) • Go weak • Banking / Finance / Investment (2009) • Wealth management (2009) • Audit : • 2008 vs 2007 offer = -35 to 50% • Est : 2009 vs 2008 offer = flat on 2008 • Est : 2010 vs 2009 offer = flat on 2009 • Est : 2010 vs 2011 offer = could recover to 2007 level • Logistics • Manufacturing 20 of 44

  21. Job Market Competition - Next 2 Years Scenario : Tough 21 of 44

  22. 2009 & 2010 Graduates : Act Fast, Be Aggressive, Be Realistic • Recruitment planned by companies in Jun - Aug 2008 to recruit for 2009 • Commenced recruitment 2008 Sep with full recession impact unfolded gradually • Obvious shrink in offer by Dec 2008 • 2009 Jan - Mar “Freeze”, 2009 July “Deep Freeze” • 2009 Graduate : Summer - To ride above the tide : Move fast, be aggressive, contingencies ready • 2009 May-July: Thesis completion and oral defence time 22 of 44

  23. Job Market Competition - Next 2 Years Scenario : Tough … (Cont’d) • Act fast • 2009 graduates commence your job search ASAP, if not from Oct 2008 • 2010 graduates commence from 2009 summer • Be aggressive • Attend recruitment and networking events • Direct dialogue with recruitment team, CV, letter, name card ready on site • Get hold of any slight positive chance. Have perseverance • Look outside your areas into generic jobs (MT business associates etc.) 23 of 44

  24. Job Market Competition - Next 2 Years Scenario : Tough … (Cont’d) • Be realistic • Repeated applications failure will be part of life. Don’t be frustrated, • Accept 2nd or 3rd tier company/organisation jobs as contingencies, • Will be 100% more effort and could be 80% longer time to get result. 24 of 44

  25. Road Map to Dream JobHow to plan your career migration into Non Academic Careers Road Map Institutions • Companies • NGO’s Self Evaluation • SWOT (MBTI, other tools) Non Academic • Commerce • Industry • Non Profit • Gov’t • Teaching Actions • Time • Knowledge • Skill • Contingencies Fit Target 25 of 44

  26. Road Map to Dream JobHow to plan your career migration into Non Academic Careers (Cont’d) • Leverage on your field of major • Take career / personality / job test MBTI (Career Centre Staff can administer) • Cross field opportunities : many successful examples from past record • Job search skill ready 26 of 44

  27. Understand Yourself • What field will suit you or you would be suitable • Self Evaluation • MBTI : Myers-Briggs Type Indicator • It will help you : • Know your personality type • Understand your personality inclination • Learn more about your career inclination • Find the best fit between your personality inclination and the possible job choices 27 of 44

  28. Plan & Set Goals • Your own SWOT • Strength : maturity/academic/research skill/other generic skill • Weakness : too senior for MT job/junior job? Too specialized • Opportunities : what/where/you create? • Threat : competition (from UG? PhD?) • Consult experienced CEDARS professionals (HR Directors, head hunters) • Get advice on what are your transferable skills to particular trade or position (see p36) 28 of 44

  29. Research • Industry – up/down/sunrise/sunset • Company – business/strength, management/value/mission • Position – duties/requirement/career advancement • How about the uncertainty of “ Don’t know the unknown” 29 of 44

  30. Research … (Cont’d) • Consult experienced people : what information 30 of 44

  31. PG Job Market • What’s unique • Campus recruitment job may provide half of market • Your research & network, the other half • Support from Careers & Placement 31 of 44

  32. PG Job Market … (Cont’d) • Experienced advice from Careers & Placement • Director (EMBA + 28 years exp.) • Senior Staff (MBA + 5 – 12 years exp.) • Hon. Career Advisor (Retired HR Directors, Head Hunters, Professors, Businessmen, Civil Servants) • All have substantial commercial work experiences • Reduce your uncertainly : “Not knowing the unknown” 32 of 44

  33. CEDARS Job Search Process & Support • Placement Services available to PG students : • Careers Related Personality Tests • MBTI : Licensed test administrator and interpreter • Ms. Josephine Chan, Ms Irene Szeto, 3/F, Meng Wah Complex • Prospects Planner (http://www.prospects.ac.uk/links/Pplanner) • Self administer on line test on careers and placement centre website. • Targeted mailing • NETmatch (http://www.hku.hk/careers/netmatch) • Job sites • NETjobs (http://www.hku.hk/careers/netjobs) • JIJIS (http://www.jijis.org.hk) • Useful links for postgraduates • Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI) (http://www.astri.org) • Hong Kong Science and Technology Parks (HKSTP) (http://www.hkstp.org) • The Hong Kong Institute of Biotechnology Limited (http://www.hkib.org.hk) 33 of 44

  34. CEDARS Job Search Process & Support …(Cont’d) • Placement Services available to PG students … (Cont’d) : • Circulars • Weekly Bulletin (http://www.hku.hk/careers/bulletin) • Urgent Job Notices (http://www.hku.hk/careers/NEW/news.html) • Career Centre nominations and shortlisting for various companies on request. Look out for notice 27/4 : Calyon Bank : PGs in Maths, Science, Statistics, Engineering for Exchange & Interest Rate Derivatives Trading 34 of 44

  35. CEDARS Job Search Process & Support …(Cont’d) • Placement Services available to PG students … (Cont’d) : • Industry Talks • Mix-n-Mingle Sessions, Alumni Experience Sharing Sessions • Recruitment Talks (http://www.hku.hk/careers/events/regist.html) • Special Talks arranged for PGs • Science & Technology Park Visit & Career Fair • Parexel Apex International (Clinical research, data management, report preparation, bio science, medical science) 35 of 44

  36. CEDARS Job Search Process & Support …(Cont’d) • Placement Services available to PG students … (Cont’d) : • One-to-one Consultation: Booking 3/F, Meng Wah Complex • Director of Careers and Placement • Hon. Career Advisors • All are experienced professionals from various fields. • Total : 12 (Retired HR Director, GM of motor car dealer, Sr. HR Manager of public utility, HKU retired History professor, Senior Civil Servants etc.) 36 of 44

  37. CEDARS Job Search Process & Support …(Cont’d) • Placement Services available to PG students … (Cont’d) : • Different approach for postgraduates individual coaching : • Non business background adjustment to business / banking • Intensive multiple sessions coachingby Director of Careers and Placement and other experienced Hon. Career Advisors, some examples : • PhD : Engineer, MTR MT or HSBC MT (Operation) (2009) • MPhil : Science to BNP Equity Derivative Trader (2008) • MPhil : Sociology to HSBC Commercial Banking (2007) • PhD : Physics / Engineering to investment banking (2007) • PhD : Communication to business consulting, market research company (2006) • MPhil : Civil Engineer to Architectural Modelling Executive UK Engineering Consulting Firm to work on Dubai project (2007) • PhD : Civil engineer to property project manager (2007) • MSc : Electronic Engineer to Immigration Officer (2006) • PhD : Physics to research QC in textile group (2005) • Coaching Focus • Transform R&D, academic, strength and project management experience into job competencies 37 of 44

  38. Hon. Career Advisors (Some of them) • Book Appointment : 3/F, Meng Wah Complex Others: - Mr. Edwin Pang - Mr. Garek Hui - Mr. Samuel Wan 38 of 44

  39. CEDARS Auto Job Search & Matching : NETmatch, NETjobs • NETmatch • This is a database of résumés. Put up for full time & part time jobs. Accessible by Employers. • Take particular care to fill in the ‘Supplementary Information’ section of NETmatch and provide adequate details about your career objective and relevant achievements. • NETjobs : Employers post job notice. Accessible by students. • To register on NETmatch, please follow the instructions at (http://www.hku.hk/careers/netmatch). 39 of 44

  40. CEDARS Auto Job Search & Matching : NETmatch, NETjobs … (Cont’d) • Application, interview and assessment centre procedure workshops • Altogether 10 topics will be covered within this series of workshops. They are: • Application writing - application form, cover letter, résumé and supplementary sheet; • Interview technique - one-on-one interview and group interview; • Essay writing - English and Chinese; • Reasoning tests; • In-tray exercises; • Group discussions; • Presentation and impromptu talk; • Occupational Interest Questionnaire; • Business Cases Simulation; and • Group exercise. • Details regarding these workshops are posted on (http://www.hku.hk/careers/events/regist.html) . 40 of 44

  41. CEDARS Auto Job Search & Matching : NETmatch, NETjobs … (Cont’d) • Recruitment talks • Every year more than 150 employers visit the campus to present their organisations to students. These are announced through the Weekly Bulletin. • Internship, graduate trainee and postgraduate employment opportunities • Employment vacancies are posted on either the Joint Institution Job Information System (JIJIS) or NETjobs. • Check the job boards at least once a week. JIJIS is located at (http://www.jijis.org.hk), while NETjobs is at (http://www.hku.hk/careers/netjobs). • Part-time jobs, private tuition positions, and summer or temporary jobs for students are also posted on NETjobs at (http://www.hku.hk/careers/netjobs). 41 of 44

  42. CEDARS Auto Job Search & Matching : NETmatch, NETjobs … (Cont’d) • Careers Education • The Programme topics : (e.g.) • Concepts of career and factors affecting career development (Career Week); • Experience sharing of new and recent graduates; (UG, PG) • Inspirational talks by community leaders; • Mix-n-Mingle sessions between students and practicing executives. 42 of 44

  43. CEDARS Auto Job Search & Matching : NETmatch, NETjobs … (Cont’d) • Partnership & Communication • Some job notices also released via PGSA • Targeted email to specific student societies on specific job opportunities and recruitment events • Other communication channel • Let us know: Too many emails, how to make more effective communication 43 of 44

  44. Contact Us • For further information, please contact : • 2859 2314 • Individual & Group Training Support : • 1 to 1 : Careers Advisors • Group : Organise according to size and need • Appointment Booking : • 3/F, Meng Wah Complex, Help Desk • Direct approach to our staff 44 of 44

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