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GM and Chrysler to add a combined 2,000 jobs in Detroit

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Here’s some great news on the jobs front.

General Motors Co. and Chrysler Group LLC will be hiring engineers and other technical staff, creating a combined 2,000 high-tech jobs.

GM will add 1,000 engineers and researchers in Michigan over the next two years to work on technology behind vehicles like the Chevrolet Volt. And Chrysler said it is actively recruiting on 35 college campuses and encouraging resumes in a bid to add the professionals by April of next year.

The new Chrysler hires are for the automaker’s global work force, but most will be located at the Auburn Hills headquarters and technical center.

At GM, the new hires will work to expand GM’s vehicle electrification expertise to lead in the development of hybrids to electric vehicles with extended-range capability like the Volt.

The auto bailout last year was very unpopular at the time, but it’s clear now that it’s a huge success following the GM IPO, the success of GM and Chrysler and the fact that the auto companies are hiring again. Thousands of jobs were saved, and now new jobs are being created.

Only 22 percent of students at for-profit colleges graduate

We’ve done a number of posts about for-profit college scams, so we aren’t too surprised by the terrible graduation rates reported in a new study.

For-profit colleges graduated an average of 22 percent of their students in 2008, according to a new report from Education Trust.

That average palls in comparison to bachelor’s-seeking graduation rates at public and private non-profit colleges and universities for the same year, which averaged 55 percent and 65 percent, respectively.

The report, titled “Supbrime Opportunity” (PDF) also reveals that for-profit colleges increased their enrollment by 236 percent from 1998 to 2009.

The median debt of for-profit college graduates — $31,190 — far outpaces that of private non-profit college graduates, which stands at $17,040, and is more than triple the median debt for those from public colleges, which is $7,960.

The government has helped to create this monster with easy access to student loans for these institutions, who now have the incentive to accept as many students as possible. Then they make money regardless of whether they provide value to their students.

Fortunately, the Obama administration has proposed new rules to make it more difficult for many of these for-profit colleges to waste taxpayer dollars.

How to transition to a new job

Hopefully, this is a topic that will become even more popular as the economy rebounds and more unemployed people start finding work. Naturally, this is important for anyone switching jobs or moving to a new career. The advice is simple – you need to figure out how to work with your new manager and adjust to what inevitably will be an environment that is different from your old work environment. Be flexible and helpful!

Journeying from GMAT Prep to a Great Career

No matter what level of education you have right now, you may want to go on to graduate school. If you decide to do that, you’ll need to take the GMAT so you can get into business schools that offer advanced study. If you don’t pass the test you won’t get in – and you generally need to get a certain score before you’ll be admitted to a particular program. The good news is that you don’t have to flounder through the test, hoping that you’ll get a good score. You can take the GMAT prep and be better-prepared.

While the course won’t give you all of the answers, it will help you see what kinds of questions are offered on the test. It will also allow you to pinpoint your weaknesses. If you do this early on, well before you actually have to take the test, you can find those weaknesses and work on them. You might not fix them completely, but you’ll have time to improve them so that you can be better suited to take the test and do well on all portions of it. Some people are better at certain areas of the test than others, so finding where you do well and where you struggle is vital.

Once you take the course and then take the test, you can go on with your schooling. Having an advanced degree in business is something that not everyone is able to achieve. This will set you apart from the rest and set you up for higher chances of promotion. You’ll also be better able to start your own business if you decide that you want to do that. Your options will be a lot more open and interesting.

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