Trading Cap & Gown for Coat & Tie

There's mixed news for college students who'll be going from diploma to resume: the job market is better but the competition will be stiff.

According to the National Association of Colleges and Employers, hiring of new graduates is up more than 11 percent from a year ago. But the class of 2004 will also have to compete with the class of 2003 and graduate students.

Because of a still tough market, 16 percent of grads plan to further their education.

And internships seem to be a good way for students to get the valuable work experience required by some jobs. Eighty-seven percent of grads hired had some form of internship experience in 2003. That's up from 79 percent the year before.