![]() |
| Want a job in advertising? Go to school. | |||||||
| Subject | Increase in Demand for Education During Economic Slump | ||||||
| Topic | Supply and Demand; Equilibrium | ||||||
| Key Words | Change in Demand; Economic Slump | ||||||
| News Story |
The recent economic slump has caused the advertising industry to shed "tens of thousands" of jobs in the last few years, causing a number of students to conclude that they are better off in school. Advertising schools have experienced significant increases in enrollment over the last two years. Creative Circus in Atlanta reports a 10% increase from a year ago, and the Miami Ad School has experienced an 18% increase over the previous two years. These schools are principally trade schools for advertisers, offering certificates upon graduation, although some schools do offer masters-level degrees. These schools often provide applied training, putting its students into real-life advertising situations. Given the relative scarcity of jobs in the industry, would-be advertising workers are recognizing that emplyers will require additional training and expertise as graduates seek jobs in the industry. As a result of their increased education, students are able to find jobs
more easily. Creative Circus reports that 85% of its 2002 graduates were
working in their chosen field within six months of graduation, some at
very prestigious advertising agencies.
(Updated November, 2003) |
||||||
| Questions |
|
||||||
| Source | "Despite the Slump, Students Flock to Advertising Schools," Erin White, The Wall Street Journal, 14 October 2003. | ||||||
Return to the Supply and Demand and Equilibrium
Index
©1998-2003 South-Western. All Rights Reserved webmaster
| DISCLAIMER