Wall Street isn’t the only victim of the economic crisis.
“Hiring is in the deep freeze”. “Last one hired, first one fired”. “Your offer has been rescinded due to downsizing”. These are the all too common employer responses new graduates are receiving, many of whom are graduating this May with no job prospects in sight.
Graduate school and fellowships have become a recession refuge. But there is another option.
Non-profit. It is 10% of the US workforce (2008 Nonprofit Almanac) and a multi-billion dollar sector that is constantly evolving and adapting to society’s needs.
However, in this post-Madoff world, donors are unable to afford to keep up with their original pledges and others are forced to keep a tight fist on their wallets. In this current economic climate, many would consider a person insane for intending to go into non-profit work. There is no sustainability, there is no money, and there is no guarantee.
So, as a new graduate, why go non-profit?
Moral satisfaction. Imagine waking up every day knowing you are doing something positive for others. It’s like coffee for the soul. You are working not for the CEO and board members in the fancy offices 20 floors up but for yourself, your family, friends, and neighbors.
Hands On Experience. Non-profits, especially smaller ones, allow you to wear many hats. With limited resources, multi-talented people are a gold mine for organizations. For example, if you are hired for the communications department, you would have the opportunity to get your feet wet in public relations, marketing, web design, journalism, and even event planning. It offers the opportunity to be flexible and explore your strengths -- without having to sit in a classroom.
Training. Non-profits offer a great training ground. In non-profit everyone is dependant on everyone else. When you succeed, the organization succeeds. Often times, you have the ability to work closely with directors and other key members of the organization and learn directly from them. Furthermore, you learn to adapt and to accomplish goals with limited resources. If you can succeed in non-profit, you can succeed anywhere.
Passion. You have the ability to fuse passion with paycheck. Non-profits cover a broad spectrum of fields from medicine to government policy to technology and offer opportunities for every major and skill, including accounting and finance. Choose your passion. Now, walk into work being surrounded by it and a team of like-minded individuals.
Growth. Since you have the opportunity to perform many job functions, you have a constant opportunity to prove yourself and your abilities. As a result it is easier to advance up the ladder whether within your current organization or another one.
Benefits. Salaries may not be as high as those in the corporate world, but there are family-friendly policies and more generous vacation plans to make up for smaller wages.
If you aren’t interested in paying truckloads of money for more classroom time, then it might be worthwhile to look into the non-profit sector, even if temporarily. You will be afforded the opportunity to hone your skills and build up, as well as diversify, your resume in order to re-enter the corporate world with a little more punch. Who knows, you may even like all that moral satisfaction and decide to stick it out long term.
Contributed by Tamar Klein, JSET Fellow '08-'09