How Students Can AI-Proof Their Careers
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,730,998 (-1.35%)       Melbourne $1,052,750 (-0.63%)       Brisbane $1,213,162 (-0.55%)       Adelaide $1,088,669 (-1.01%)       Perth $1,109,065 (-0.03%)       Hobart $857,011 (-0.15%)       Darwin $850,231 (-5.88%)       Canberra $1,057,418 (+2.13%)       National Capitals $1,179,457 (-0.85%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $812,882 (-0.02%)       Melbourne $547,522 (-0.39%)       Brisbane $775,633 (-1.81%)       Adelaide $583,866 (+1.25%)       Perth $661,533 (-0.91%)       Hobart $583,528 (+2.34%)       Darwin $488,291 (-0.29%)       Canberra $502,282 (+1.20%)       National Capitals $640,074 (-0.20%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 14,388 (-149)       Melbourne 16,400 (-697)       Brisbane 9,524 (+147)       Adelaide 2,995 (+70)       Perth 7,340 (+170)       Hobart 758 (-2)       Darwin 142 (+4)       Canberra 1,228 (-5)       National Capitals 52,775 (-462)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,737 (+19)       Melbourne 6,931 (-54)       Brisbane 1,794 (+10)       Adelaide 449 (+21)       Perth 1,390 (+12)       Hobart 145 (-6)       Darwin 212 (+3)       Canberra 1,245 (+31)       National Capitals 21,903 (+36)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $870 ($0)       Melbourne $610 (+$10)       Brisbane $700 ($0)       Adelaide $650 ($0)       Perth $750 ($0)       Hobart $625 ($0)       Darwin $875 (+$25)       Canberra $730 (-$20)       National Capitals $739 (+$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $815 (-$5)       Melbourne $630 ($0)       Brisbane $680 ($0)       Adelaide $555 (-$5)       Perth $700 ($0)       Hobart $545 (+$45)       Darwin $655 (+$5)       Canberra $600 ($0)       National Capitals $658 (+$3)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,162 (+59)       Melbourne 7,192 (+17)       Brisbane 3,645 (-54)       Adelaide 1,428 (+38)       Perth 2,339 (-34)       Hobart 280 (+15)       Darwin 38 (-7)       Canberra 456 (+28)       National Capitals 21,540 (+62)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 9,135 (+92)       Melbourne 5,909 (+25)       Brisbane 1,996 (+38)       Adelaide 446 (-20)       Perth 714 (-5)       Hobart 70 (+3)       Darwin 78 (+8)       Canberra 695 (-26)       National Capitals 19,043 (+115)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.61% (↑)      Melbourne 3.01% (↑)      Brisbane 3.00% (↑)      Adelaide 3.10% (↑)      Perth 3.52% (↑)      Hobart 3.79% (↑)      Darwin 5.35% (↑)        Canberra 3.59% (↓)     National Capitals 3.26% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.21% (↓)     Melbourne 5.98% (↑)      Brisbane 4.56% (↑)        Adelaide 4.94% (↓)     Perth 5.50% (↑)      Hobart 4.86% (↑)      Darwin 6.98% (↑)        Canberra 6.21% (↓)     National Capitals 5.34% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 1.5% (↑)      Brisbane 1.2% (↑)      Adelaide 1.2% (↑)      Perth 1.0% (↑)        Hobart 0.5% (↓)       Darwin 0.7% (↓)     Canberra 1.6% (↑)      National Capitals $1.1% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 1.4% (↑)      Melbourne 2.4% (↑)      Brisbane 1.5% (↑)      Adelaide 0.8% (↑)      Perth 0.9% (↑)      Hobart 1.2% (↑)        Darwin 1.4% (↓)     Canberra 2.7% (↑)      National Capitals $1.5% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 32.7 (↑)      Melbourne 32.4 (↑)        Brisbane 33.3 (↓)     Adelaide 27.4 (↑)        Perth 37.9 (↓)       Hobart 27.4 (↓)     Darwin 27.7 (↑)      Canberra 29.7 (↑)      National Capitals 31.1 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND         Sydney 30.5 (↓)     Melbourne 29.9 (↑)      Brisbane 33.2 (↑)        Adelaide 21.3 (↓)       Perth 38.5 (↓)     Hobart 31.1 (↑)        Darwin 38.7 (↓)       Canberra 38.0 (↓)       National Capitals 32.6 (↓)           
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How Students Can AI-Proof Their Careers

Artificial intelligence is going to eliminate a lot of jobs in the future. It’s possible to reduce the risk that it will be yours.

By JAMES R. HAGERTY
Thu, Nov 21, 2024 10:17amGrey Clock 5 min

The current generation of college students is facing a challenge that those who came before never had to worry about: They’ll be competing with AI for jobs.

What can they do to get ready?

After all, artificial intelligence is likely to eliminate at least some jobs that formerly served as first rungs on career ladders. “We have to accept and embrace the idea that in fact with AI we are going to have jobs that are going to be eliminated and jobs that are going to be created, and we don’t know which ones,” says Joseph E. Aoun , president of Northeastern University.

That uncertainty leaves today’s college students struggling to prepare for a workplace that is changing faster than ever. We asked a range of career counselors and employers how they would suggest students AI-proof their careers. One consensus: It’s important to master skills not easily matched by machines, such as human-style communications and the ability to understand and work smoothly with people who have different perspectives and personalities.

“In many ways the human skills are going to be more fundamental than they are now,” as machines take over some routine tasks, Aoun says.

A survey of 255 employers by the National Association of Colleges and Employers last year found that the three top “competencies” they sought in job candidates were communication, teamwork and critical thinking.

Communication and teamwork rely on emotional intelligence, or EQ. “AI has probably won the IQ battle,” says Tomas Chamorro-Premuzic , chief innovation officer at Manpower Group and professor of business psychology at Columbia University, “but the EQ battle is up for grabs.”

Of course, that doesn’t mean students shouldn’t master AI. Skill in using AI as a productivity-enhancing tool can give them an edge over older workers who haven’t mastered ChatGPT and other AI programs.

But knowing how to use AI effectively isn’t enough. Here are some suggestions from the experts on how students—or really anybody—can reduce the risk they will eventually be replaced by AI.

Cultivate your ability to work with other people, including jerks

AI can write computer code, improve grammar and solve math problems, but so far it lacks the ability to mediate squabbles among colleagues, charm potential clients over cocktails or soothe angry customers. So developing those skills may be one of a job applicant’s best selling points.

Anything that requires talking and cooperating with strangers is helpful. That includes volunteering in a nursing home or an after-school youth program, or leading an on-campus club or sport. Jobs that require dealing directly with lots of other people, including jerks, are an educational opportunity. “If you’re a waiter you will understand human beings better,” says Chamorro-Premuzic.

Go wide and avoid hyper-specialisation

Focusing too heavily on one type of expertise could be a mistake if, as expected, AI eliminates lots of jobs in some specialties. It isn’t a risk only for technology fields like computer science; other fields such as accounting and finance are also being transformed by AI.

Instead, experts recommend having a portfolio of skills.

“If you have one skill, you compete with the masses that have that same one skill,” says Anna Esaki-Smith , author of “Make College Your Superpower.” In contrast, she says, “Should you stack on another skill, you become qualified for a wider range of opportunities.”

That could mean adding a minor or two to a major or going for a double major. It also could involve a strategic selection of electives. D. Raja , chief executive of CEI, a Pittsburgh information-technology consulting firm, says he increasingly looks for job candidates who have both technical skills and a grounding in business, enabling them to understand clients’ needs. An M.B.A. stacked atop a computer-science degree is one good strategy, he says.

Though a range of skills and knowledge is an advantage, it’s still important to develop deep expertise in at least one or two areas. “AI has disrupted superficial expertise,” Chamorro-Premuzic says. In other words, you have to know more than generative AI programs can spit out in a minute or two.

Show you can organise a big project and get it done

If AI will do at least some of the grunt work, people will still be needed to devise strategies and carry out complicated projects. Machines do pieces of work, but “we still need big-picture humans to put it all together,” says John Behrens , director of the technology and digital studies program at the University of Notre Dame.

To help students learn how to manage complexity, many universities require them to complete a capstone project before graduation. Those can include primary research, ambitious artworks or community-service projects.

Vanderbilt University calls such projects “immersion.” For his Vanderbilt project, Logan Glazier is converting an old school bus, once consigned to the junkyard, into an RV with solar panels mounted on the roof to power his refrigerator and other appliances.

He expects to finish the project within a few months, before graduating next spring with a degree in civil engineering. Glazier had to sell his idea to university administrators, persuade them to give him space to work on the bus, develop a plan and find materials. He watched dozens of YouTube videos and consulted with Vanderbilt professors.

He recalls the reaction he got from people at the engineering consulting firm HNTB when they heard about the project: “Wow, that’s really cool!” He got an HNTB internship in 2023 and recently accepted a full-time job at the firm starting in May, after his graduation.

Be open to new experiences

As AI and other technological changes make career paths less predictable, adaptability will be an advantage. “We don’t know what the world is going to be like in five years or 10 years,” says Behrens.

Students can develop their adaptability by seeking out new experiences, such as studying abroad or taking unconventional courses. At Carnegie Mellon University, renowned for computer science and robotics, one of the most popular electives is “Acting for Non-Majors,” offered by the Pittsburgh school’s drama department. Students have long taken the course, but now demand has soared as students see it as a plus in the job market, forcing them to shed their inhibitions and engage with other people in unscripted ways.

This year, to accommodate demand, CMU quadrupled the capacity of the course.

“It’s exhilarating,” says Emily Ma , a math major. “Acting forces you to step outside your comfort zone.” That’s particularly important for a generation of young people who were isolated during the Covid-19 pandemic and spent far more time staring at screens than they did engaging directly with people.

Be a moderate misfit

Amid all the changes AI is bringing, companies want fresh thinking. So one route to success is to be a “moderate misfit,” unhappy with the status quo and ready to innovate, says Chamorro-Premuzic. By moderate, he means that “you fit in well enough and work well with others but are not so bland and risk-averse as to lose the desire for change and progress.”

Chamorro-Premuzic advises young people not to seek employers that fit perfectly with their values but rather to “look for places they like but which they also dream of transforming and improving.”

AI is like a B+ student and can tell you what the average person would say, says Matthew Rascoff , vice provost for digital education at Stanford University. A+ work, he says, is the product of an individual brain with a distinctive voice. So he urges students to develop their own voices and identities. “The more you outsource” to AI, he says, “the less you are developing that muscle.”



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The recent budget has forced a reckoning for property investors.

Negative gearing now restricted to new residential builds, the CGT discount gone and on paper, the numbers look different.

And many investors are responding by pivoting toward yield, prioritising cash flow over capital growth in a way that property strategists say misses the point entirely.

“The debate has shifted to yield versus growth as if they are opposing forces,” says Abdullah Nouh, founder of Melbourne-based buyers’ agency Mecca Property Group. “But that framing is itself the mistake.”

Nouh, who works with high-net-worth families and investors on long-term acquisition strategy, argues that capital growth remains the primary driver of genuine wealth creation and that the post-budget environment has made quality assets more important, not less.

The numbers make his case plainly. An additional $500 per week in rental income is welcome. A prestige asset appreciating by $1 million over a market cycle is transformative.

These are not equivalent outcomes, and portfolios built around yield at the expense of location and land value tend to generate income while wealth stands largely still.

The more nuanced shift Nouh is seeing among sophisticated investors is a move toward assets where both outcomes can be engineered simultaneously – established homes on substantial land in quality locations, where the existing dwelling can be repositioned, rental returns improved, and the underlying land value compounds independent of what sits on it.

For investors with existing equity, commercial property is also entering the conversation in a more serious way.

Prestige industrial assets, medical centres and long-leased essential retail offer income profiles that residential property in most capital city markets cannot currently match: longer lease terms, tenants covering outgoings, and greater predictability than the residential tenancy cycle.

“The investors who build lasting wealth are rarely the ones who chased yield or growth exclusively,” says Nouh.

“They are the ones who built a strategy they could sustain – one that generated enough income to hold quality assets through multiple cycles while those assets compounded in value.”

The budget has changed the settings. It has not changed the fundamentals.

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