College Students Drop Dreams Amid Wall Street Woes

"This is a little more dramatic because so much money is at risk and it's so quick and so global," Matthews told ABCNews.com. "But this has been going on forever, where kids come out of school completely able and can't find jobs in their areas of study."

"There's a generational aspect to this," he said. "They want choices anyway -- it's like air to them -- and don't want to be locked to one company. People will still get hired."

Matthews encourages students to turn to their strengths, be determined and don't give up.

"Try to find something more stable, give it a year and after the presidential elections and things stabilize, the recruitment will start again and they'll have prestige with those good degrees. Like the housing market, it will rebound at some point."

"Network, differentiate yourself, leverage your past experience," he said. "It's still a good market."

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