"Busteed identifies a triple-whammy that graduates are facing today: jobs are drying up, young adults are coming into the working world with more debt, and they are now contending with artificial intelligence for many entry-level roles."
"Data from the National Association of Colleges and Employers shows an average offer rate of 72% from companies in the US to their interns, particularly in the creative industries where networks are the not-so-hidden codes to careers."
"A third of internships come through family connections, and not everyone has that social capital, which can limit access to opportunities for many students."
Brandon Busteed emphasizes the importance of both internships and master's degrees in today's job market. Edconic has partnered with Sotheby's Institute to create a fellowship program for master's students, allowing them to gain practical experience at Sotheby's. Graduates face challenges such as job scarcity, increasing debt, and competition from artificial intelligence. Internships are crucial for entry into the workforce, with a high offer rate for interns. However, access to internships can be limited by social connections, highlighting disparities in opportunities.
Read at The Art Newspaper - International art news and events
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