Part three in Heroines of Personal Finance and Entrepreneurship series at IWillTeachYouToBeRich.com: Alexandra Levit is the author of They Don’t Teach Corporate in College: A Twenty-Something’s Guide to the Business World, and a regular corporate and university speaker on Gen-Y employees. She is the founder and president of Inspiration@Work career consultancy and also serves as a VP at Edelman public relations agency. Here are a few questions with her:

Already in this series we’ve heard from Pam Slim, who specializes in helping people transition out of corporate life and into self-employment, but you actually encourage young people to stay and excel within the corporate world. Why?

I’m fond of saying that not everyone is cut out for the life of working for oneself. Not only is being an entrepreneur costly, nerve-wracking, and incredibly hard work, but because of the way our economy is structured, it’s simply impossible for everyone to be one. It reminds me of a psychology study my husband told me about recently, which showed that 75 percent of people believed they were above-average looking.

I bet the same thing is true of would-be entrepreneurs. A lot of people believe they have what it takes to run a successful business, but in reality, few probably do. When considering employment, young people should look at an array of options, including those that involve working in the business world.

At the end of the day, most people will end up employed in a more conventional work environment, so it may be wiser to develop the skills and the attitude that allow you to succeed and achieve your professional goals within the context of that setting. Maybe someday you will have the opportunity to “go entrepreneur,” but your happiness and success shouldn’t be contingent on it.

So tell us about your book They Don’t Teach Corporate in College. What makes you an expert on the challenges facing young employees in the workplace?

Well, you see, I graduated from college as a straight-A student hell-bent on skipping up New York City’s corporate ladder. But after six months on the job, I was so stressed out that I was ready to join the large numbers leaving the business world for graduate or law school. Eventually, though, by sticking around and paying attention to the few people around me who weren’t dropping from stress-induced coronaries, I developed many of the skills crucial to staying sane and building a career.

I wrote They Don’t Teach Corporate in College because I thought that if I shared my experiences with other twenty-somethings, maybe I would save them some of the pain I went through. The premise of the book is that the business world is not a natural fit for graduates who leave school expecting results from a logical combination of education and effort. Suddenly, the tenets of success they were taught since kindergarten don’t apply, because getting ahead in the business world has little to do with intelligence or exceeding a set of defined expectations.

If twenty-somethings want to survive in the corporate world, they have to treat their first jobs like first grade and learn the practical lessons that will help them climb the ladder painlessly. They Don’t Teach Corporate in College focuses on tangible tactics that twenty-somethings can put to work immediately to be successful and satisfied working in the business world.

You say that twenty-somethings experience lower morale and higher turnover in the workplace. What can young professionals do to avoid such challenges? And what can organizations do to improve their employees’ experience and productivity at work?

There’s no doubt that the business world can be frustrating at times, so I recommend that twenty-somethings combat poor morale by understanding their hot buttons (i.e. what pisses them off or stresses them out) and plan in advance how to react without getting angry or upset when those buttons are pushed.

They should also try to banish irrational expectations regarding what their organization or boss SHOULD do (i.e. my boss should give me a raise, the company should have a policy against this). Life does not always play out in a logical or fair way and twenty-somethings do themselves a grave disservice when they hold on to a fantasy of what work or people should be like. Finally, young professionals can motivate themselves by focusing on the big picture and acknowledging little but significant career successes along the way.

I tell managers of twenty-somethings that they should aim to understand each individual’s unique capabilities and go out of their way to develop mutually-beneficial relationships. The manager should position himself or herself as someone who is available to help twenty-something employees grow and improve, taking them to lunch to learn more about their career aspirations and the type of work that get them excited.

Twenty-somethings don’t want to be micromanaged, but they do like to receive timely and consistent feedback, and to have assignments customized in a way that helps them meet their individual performance goals. Managers shouldn’t be fooled by twenty-somethings’ assertiveness and independence – there’s a lot these young professionals don’t know and they’re looking to the more experienced managers to help them learn it!

Continue reading at IWillTeachYouToBeRich.com: Heroines of Personal Finance and Entreprenuership #3: Alexandra Levit. Also pick up her book They Don’t Teach Corporate in College and check out her blog Water Cooler Wisdom.