TMCnet Feature
December 23, 2020

You've Just Graduated with a Tech Degree - What Next?

The period after graduation is a challenging time for most ex-students. You’ve spent the previous years of your life receiving clear instructions regarding what to do and where to focus your efforts - and suddenly, you only have yourself to answer to. If you’ve recently finished a tech-related degree, you’re probably going to be looking for a job in a related field. But how do you do that, and what are the other steps involved in building a life after college? This article includes a few tips to help you.

Look into Graduate Support

You won’t be the first to have asked questions about your future and you definitely won’t be the last. For this reason, many colleges and universities employ on-campus specialists or even full departments dedicated to supporting their graduates. Whether you need to be pointed in the direction of a tech company that regularly employs graduates of your alma-mater or you’re simply struggling with the pressures of life outside of education, it’s likely that there will be someone you can ask for help.

Get a Grip on Your Finances

One aspect that can significantly help or hinder a graduate’s progress is their money situation. Some student bank accounts offer a free overdraft, so it could be helpful if you have one of those, as you’ll have access to something of a cushion. However, this will only support you so far, and it’s best not to rely on it as a source of funds. Take a look at your financial situation and be ruthless when it comes to making cuts.  Do you need a gym membership or could you just go running regularly instead? How necessary are your entertainment subscriptions? You can always take these things back up when you start earning.

Consider Your Loan

You should also consider your student loan as you may qualify for student loan interest deduction. You could be able to subtract up to $2,500 of interest paid on that loan from your taxable income. The deduction can be claimed on your 1040A. To do this, you must have been enrolled at least half-time in a program that led to a recognized qualification. That program must have been offered by an eligible institution. You can research these institutions via the U.S. Department of Education or IRS websites. Your loan must have been used within a reasonable period of time, meaning disbursements must have taken place within 90 days of the course starting or outside of 90 days of it finishing. Finally, you can only apply for the full deduction if your modified adjusted gross income (MAGI) is $70,000 or less - and you can only get a partial deduction if it is over $70,000 but less than $85,000.

Begin Applying and Networking Gradually

Try not to panic when looking for work. You need to find a job that suits your skills and keep you feeling fulfilled. You won’t perform well in a position you hate and this means you’ll end up looking for a new role before long. Carefully read all job descriptions and weigh them up against your strengths and qualifications. Take your time creating a shortlist of all of the suitable roles currently available in the tech industry and carefully craft your application for each instead of firing out multi-purpose communications in all directions. A great way to build your knowledge and understanding of the current job market is to attend as many events and networking sessions as possible. Talking to tech professionals and asking their advice will not only help you decide where to turn and what to do, but it will put you on their radar, and they may even have something for you at their own place of work.

» More TMCnet Feature Articles


» More TMCnet Feature Articles