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How To Boost Your Financial Status Rapidly After Graduation

You just graduated from college and you’re more than ready to face the “real world.” You want your own apartment, you want to use everything you’ve learned and you want to be that responsible adult that college prepared you to be. Most of all, you want a job.

But that job doesn’t come easily. You cannot settle for any job opportunity, since you’re ready for the big break. You’re done with those part-time jobs that you balanced throughout your studies. Now, you have a loan to pay, increased living costs since you moved out of the dorm and plans for a better life. This means that finances are your biggest concern and you need a good job that would solve this problem.

According to LendEDU’s Class of 2017 Career Report, good pay was the most important aspect of the job hunting process. 72% of the respondents preferred good salaries above good training programs, strong ethical culture, and other factors. Most of the respondents (36%) said they expected to make $40K to $60K per year.

If you’re anything like your peers, you are done spending money on your education and training. Now, you’re ready to start earning some money.

And how do you do that? The job market is ridiculously competitive, so it’s not that easy to get a job that makes you happy and pays well at the same time. However, there are plenty of options out there to help you earn money now, as you search for that perfect job. We’ll give you tips that help you boost your financial status as rapidly as possible.

How to boost your finances after graduation

According to the analysis of the business sector in the UK, these are the most promising positions for graduates who are after a good salary:

  • Investment banking and fund manager
  • Law firms
  • Banking and financial services
  • IT and telecommunications
  • Energy, water and utilities companies

These are well-paying industries all over the world. In the USA, engineering and computer science degrees bring the highest salaries for college graduates.

But there’s a problem: we can’t tell say “get a job in investment banking” if that’s not your choice of career. You already chose your career. Now you need tips that help you benefit from it. Maybe it’s not easy to get a well-paying job in your sector, but you need experience and money nonetheless.

1. First and foremost, focus on the big picture

Do not let the struggles disappoint you. No, it won’t be easy to get a great job straight out of college. Does that mean you should settle for less and give up on your big dreams? Of course not!

Draft out your career path. Where do you want to be in five or ten years from today? If you studied business and you want to start your own brand at some point, mark that goal and work towards it. No matter what temporary job you get, it has to work towards that big dream. You won’t get a mediocre office job and settle there for life. You may still get that job, but it won’t be mediocre when you make it relevant to your progress.

2. Try online tutoring as a temporary job

Are you good at math, English, or any other subject area? If you’re not attracted by the idea of becoming a tutor, get this: it will boost your finances. According to the information provided by PayScale, tutors make $17.28 per hour on average.

This is a good temporary job for people who have patience, desire, and skill to transfer the knowledge they have. It’s also beneficial along the career path, since it helps you enhance the skills you need for the job you want. Tutoring makes you look like an expert, and that’s always a good thing!

3. Write academic papers

Cheap writing services are relatively affordable for students and they are certainly a good source of income for recent graduates. These platforms hire people with degrees and exceptional writing skills. You already have the degree. If you’re great at writing essays, research papers, and other types of academic content, you can benefit from that fact.

Depending on the urgency and complexity of the project, you’ll start making up to $50 per page of written content. That’s a good deal, don’t you think?

This is a part-time job, so it won’t be a distraction from your primary goal. You can work few hours per day and save the rest for online courses, certifications, and job hunting.

4. Start a website/blog

We won’t say “start an online business,” since that would require more finances. A website, however, is a pretty affordable project, and you can turn it into an actual business if you’re smart enough. With WordPress, you can have your website up and going in a matter of hours.

And what will this website be about? Just follow your passion. It would be best to relate this website to your future career, in one way or another. If, for example, you’re after a “real” job in finances, make your website all about finances. If you just want to start an online business and make it successful, choose something you’re really passionate about. Gain as much knowledge as possible about your niche, and make this online project absolutely unique.

Keep in mind that not all websites make it big. Many start and fail somewhere along the way. If you want to make it big and start making actual income, you must be willing to work really hard! Websites make money by selling advertising space, selling products, recommending products through affiliate links, and reviewing products from an influencer’s point of view.

Final thoughts

When we’re talking about a rapid boost of your financial situation, the best alternative for you would be getting the job you want. Since that’s not as easy as it seems, you’ll spend some time looking for that perfect job. To fill in the gap, we gave you few options that help you earn money. Are you ready to make that extra effort?

Thinking of hiring a career coach to help you find a job after college? Browse our directory of career coaches and get a FREE consultation or request a personalized coach recommendation!

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About the Author Susan Saurel

Susan Saurel is a passionate writer from Texas. Also, she’s in love with traveling, moreover she’s already tried almost all the traveling ways. Teacher of higher category, project manager in an IT company, lovely mom, and wife. She’s ready to share her experience with her readers, and she has something to say, for sure.