What Students Don't Know About the Job Market

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May 13 (Bloomberg) -- Ben Carpenter, vice chairman of CRT Capital Group and author of "The Bigs," explains his advice to students about developing a successful career. He speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Why you decided to write the book.

I decided to write the book has my eldest daughter avery got her first job post college almost exactly two years ago and the first thing she wanted to do was to ask to start a week later . i realized at that moment that this daughter of mine who is so engaging and so bright and so well educated did not understand what the real world was going to demand of her.

In an absolute panic i sat down and typed out on my library very 22 bullet points of what she needed to know in the real world and then i did not stop writing.

Part of the book describes the actual process of you writing and staying up until 2 a.m. for many nights jotting down all of these legs.

Describe a little bit about your itinerant life and how you felt the rug financially had been pulled out from underneath your family and how that cause due to reach inside yourself to be a success.

That is it.

It was actually very emotional running about all those things.

My family started out very stable, nice community am a lake forest, illinois.

My dad was working at a bank.

And he lost his job and he ended up getting a job as a plant manager in new hampshire.

He had the job for two years then he lost that job and we moved down to saint louis and the same thing.

We ended up in williamstown, massachusetts.

This downward spiraling of the families finances definitely gave me the incentive to want to make a living.

Let's go through some of the major pieces.

Why is it called "the bigs"? it goes back to avery.

My daughter had been even an opportunity to play in the big leagues as if she had been given the position with the new york yankees and she did not realize it.

And so that is why i called the book "the bigs." think of your boss and your company before you think of yourself.

It is an interesting dynamic here.

Because in a lot of ways, no one is going to look after your career by yourself so you do need to be self-centered about where you work.

But when you're on the job you have to think about the company first.

Your boss, your coworkers and one of the things that people do not understand, young people do not understand is that it is not just your boss you have to make happy.

The way your boss feels about you is the way everybody else in the company feels about you.

That is what you need to focus on as an employee.

This idea of putting yourself second to the company and to the boss, that also brings rewards that may not the apparent at the present but happen in the future.

I think that is absolutely the case.

You need to keep the company first and a lot of people often think particularly new managers think they need to represent their department.

And they need to fight tooth and nail for their people or themselves.

All managers and employees have to put the company first.

They have to be creative in both.

Absolutely.

You mentioned that comfort and success don't necessarily go hand-in-hand.

I think not being comfortable i think is -- really stretching yourself is very important.

Do not you what you love, do what you are good at.

That sounds like a very practical advice.

Is it a shock to you that this is not more widely known?

I do think it is counterintuitive to the follow your passion.

I think that in my experience, people are most happy doing what they are most good at.

And so if you really have a talent for something i think you will grow to love it.

If you have something that you are passionate about doing it may will be better kept as a hobby rather than as your primary focus of that is that where your real talent lies.

The best one an example, try different fields while you're young.

You do that as well because you had a career running a very famous are in new york city.

Yeah.

I think that is absolutely true.

I think i feel like it is easy being in my position even advice to young people, college students.

It is difficult to give advice to a 40-year-old about whether he should stay at his jobs

This text has been automatically generated. It may not be 100% accurate.

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