Blog

Category: Career development and mentoring

Student Debt can Hurt Job Prospects. Income Share Agreements can Help.

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May 06, 2019
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Income-share agreements, Student loans, Career development and mentoring

Figure 1: Average MentorWorks ISA Income Prediction Error after Grace Period. Higher prediction errors reflects higher than expected income. Source: MentorWorks EdCap (www.mentorworks.io) An important effect of student debt that has not received a lot of attention is that it reduces the amount of time available to finding a job and leads to compromises during job searches. Students have to make debt payments after graduation and must find employment as soon as possible, rather than search for a...

Mentor Spotlight: Moe Bachouti, Career advice for Class of 2018

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Jun 18, 2018
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Career development and mentoring

Moe Bachouti   As the class of 2018 put on their caps and gowns to receive their diploma, they start an exciting new chapter in their lives. For many of them, this marks the end of their formal education and the start of their continuous lifelong learning. Moe Bachouti from Cambridge College speaks about how his constant thirst to learn from different people throughout his life has shaped him to become the person he is today. Below is a transcript of our conversation, it is lightly edited...

Mentor Spotlight: Soumen Ganguly and TMT Consulting

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May 02, 2018
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Career development and mentoring

Today’s Mentor Spotlight focuses on Soumen Ganguly, a Director at Altman Vilandrie & Company with a specialty in telecom/media/tech consulting. Sabrina had the chance to sit down with Soumen and learn more about his path into the industry, as well as the lessons he’s learned along the way.   Sabrina: Can you give me a quick introduction of yourself? Soumen: I’m a Director at Altman Vilandrie & Company which is a strategy consulting firm focused on telecom/media/tech....

Boot Camps Help Graduates Get Jobs Without the Debt

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Apr 19, 2018
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Career development and mentoring, Income-share agreements

For many, a degree from an accredited university represents the promise of a successful career. But as more college graduates find themselves in major debt without any career prospects, some students are turning to a different type of institution: boot camps. Most boot camps, like MissionU and Praxis, focus on coding and connect students with internships in tech. Although graduates of these programs lack a name-brand degree, they tend to make up for it with reduced debt and high-paying jobs...

Seven Steps to Finding a Mentor

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Apr 13, 2018
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Career development and mentoring

The benefits of mentorship are endless: personal development, greater career success, and even higher earning potential. But finding a mentor can be difficult. Here are seven steps to finding a mentor and building a relationship that will last: 1. Find people who inspire you Finding a mentor with values, beliefs, and characteristics you admire is more important than finding one with your dream job at your dream company. While your career goals may change, your character will stay with you...

Mentor Spotlight: Netta Jenkins and Diversity in Mentorship

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Apr 04, 2018
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Career development and mentoring, Social justice

Today’s Mentor Spotlight focuses on Netta Jenkins, a graduate of Cambridge College and Head of Diversity and Inclusion at IAC Applications. Netta uses her experience as an agent for workplace equality to inform how she mentors. Sabrina had the chance to sit down with Netta and talk to her about her career, mentors, and the valuable lessons she has learned along the way. Sabrina: Would you like to start by giving a quick introduction of yourself? Netta: I’m Director and Head of Diversity...

The Benefits of Reverse Mentoring

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Mar 28, 2018
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Career development and mentoring

In a recent article from Quartz, founder of Hootsuite Ryan Holmes illustrates the benefits of reverse mentoring, in which younger employees teach older executives new skills and ideas. Traditionally, mentees seem to reap the most benefits. However, a relationship between a young professional and a more experienced mentor can actually be symbiotic. Holmes points to specific categories that young professionals have more experience with, such as diversity, artificial intelligence, and...

Is College Still Worth the Expense?

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Mar 26, 2018
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Student loans, Career development and mentoring

Is college worth the expense for today’s youth? According to economist Rafiq Dossani, it is. Loans allow students to invest in a college education, and they tend to provide a worthwhile return. With a default rate of about 11%, student loans seem to be affordable for a vast majority of students. However, students can feel the negative impacts of loans even if they don’t default on them. For example, financial stress can damage wellbeing and force students to work extra jobs instead of...

Mentor Spotlight: Jenny Le and Getting out of your Comfort Zone

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Mar 22, 2018
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Career development and mentoring

  This is the start of our new Mentor Spotlight series, where we interview some of the talented individuals who mentor students with MentorWorks. Today’s spotlight is with Jenny Le, an indirect tax specialist at PTC. Joel recently sat with Jenny to talk about her career at PTC. Joel: Thanks for taking the time to meet with me, and before we get started, could you give a quick introduction of yourself? Jenny: So I went to college in the Peter T. Paul School of Business at UNH and I...

LinkedIn Study: 85% get jobs through professional networking

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Jan 30, 2018
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Career development and mentoring

Published By: LinkedIn Author: Lou Adler In 2015&2016, Lou Adler, the CEO of a consulting and training firm that helps companies implement Performance-based Hiring℠ ran a survey regarding how people got their jobs. Adler studied three primary methods that people used to get their jobs; applying (online), professional networking, and internal hiring. The results of Adler’s study showed that networking, by far, was the most commonly used method people used to get their job. For people...

Mentor Spotlight: David Defronzo

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Jan 02, 2018
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Career development and mentoring

David overcame significant economic obstacles to get a college education: through hard work, perseverance, and a maturity that is hard to overstate. “I was admitted to my first choice college but could not go because of financial constraints,” David recalls. He never looked back and graduated from college in 2017 with solid academic credentials, in spite of having to work part-time to make a living. David has a passion that never ceases to impress. One of the first students in the...

Income Share Agreements & Career Mentorship: The Perfect Complement

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Nov 29, 2017
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Career development and mentoring, Income-share agreements, ISA investing

  In our previous blog, we talked about how the features of income share agreements make them a smarter alternative to traditional student loans. On a high level, the key component that makes income share agreements a fantastic alternative is that there is an alignment between you and your financier. If you were to find good and a high paying job, your investors will also do better – plain and simple. This alignment means that your financier has a vested interest in your career...

A New Solution to the Student Loan Crisis: Income Share Agreements Augmented with Career Mentorship

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Jul 04, 2017
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Income-share agreements, Career development and mentoring

  With a headline number of $1.4 trillion and many university students graduating OR dropping out with debt, we are facing a crisis that we cannot see. It shows up in conversations with people who have loans or whose family members and friends have loans. It shows up in news articles like this one. By the way, most student loans are federal loans, so this crisis is reflected in taxpayer costs as well. At MentorWorks, we are working on an alternative to student loans. An...

How Mentorship Can Help Students: Some Advice From Our Chief Mentor

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Mar 20, 2017
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Career development and mentoring

By Ross Krieger MentorWorks’ Chief Mentor, Neal Colman, has some interesting insights regarding mentorship, how to best support your post-graduation job search, and how mentoring can be effective. Here are a few that really stood out: How can mentorship help students? Studies and surveys have shown that university placement offices and resources have not adequately provided guidance and support to graduating students. Many students don’t know where to begin to leverage their university...

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