Saturday, March 21, 2009

Looking for a job?

The Morningstar Investment Research Center Job Search
The Training Corner | by Lars Wasvick, Associate Product Manager

The unemployment rate rose to 7.6% in January 2009. Did you know Morningstar's Stock Screener can assist in your job search?

Access the Morningstar Investment Research Center by going to our website, www.missoulapubliclibrary.org. Click on "E-databases" and then click on the "Morningstar" link. You will need to enter your library card number if you are accessing the database from home.

When looking for a job, it's important to identify your criteria. Where would you like to work geographically? Would you like to work for a small, medium, or large company? What industry would you like to work in? And maybe most importantly, is that a financially healthy company? When you take this sort of reverse approach, you can really dig down and find companies that you may like and want to work for.

So let's get started with a company search using my preferences: I want to find a company in Illinois that has around 2,000 employees and is in the publishing industry. (One caveat: The companies we cover are only on the major exchanges, so that limits searches to public companies, but that still leaves more than 10,000 companies to screen from.)

To set up my screen I go into the Stock Screener. Under General information I choose Location of Company, Illinois. The next point is Number of Employees. Don't worry about the distinction between big and small. We have that broken down in quartiles, for some context on size. For my final screen setting, I find Stock Industry and set that equal to Publishing.

Voila! I've found two companies that fit my criteria. Now I can look at company profiles, access their Web sites, and find job openings.

Obviously, this is a far stretch from searching job sites and the classifieds, but for the persnickety job seeker, it's something to consider. For anyone else, brushing up on company information before an interview is always a good idea.

(C) Copyright 2009. Morningstar, Inc.

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