Feeds

UK graduates face bleak future as teachers

Gis' a job

5 things you didn’t know about cloud backup

Final year students in the UK are steering well clear of jobs in banking, finance and property this year, and only one in three have got themselves a job offer.

The traditional "milkround" of pre-exam recruitment has seen job offers fall by a third. Half of students are worried that even if they were offered a graduate job, the offer could be withdrawn before they start work or they'll get laid off within a year.

Applications to the Armed Forces, public sector, teaching, charities, engineering have all increased, and one in six final year students said they had deliberately aimed for apparent job security over other factors.

More than half of those questioned described their job prospects as very limited.

For the first time, the top destination for soon-to-be graduates is teaching. But investment banking is now the ninth most popular choice - down from second place last year. There was also a growth in applications for jobs in IT - the first growth in nine years. Engineering and public sector applications were up a sixth. Half of those questioned said they'd take any job offered and a fifth said they'd already applied to employers they're not interested in.

Expected starting salaries dropped for the first time since the survey began in 1995 to an average of £22,300.

All this is made worse of course by the level of debt graduates now carry - full-fat tution fees were introduced in England in 2006. So the average debt for the 2009 graduate is £15,700 - compared to £11,600 last year.

More than half of employers have cut their targets for graduate recruitment - finance has cut 2,500 graduate positions. Accountancy firms are still looking for 20.9 per cent of the advertised positions, public sector jobs account for 13.5 per cent and the Armed Forces for 12.8 per cent - a 17 per cent increase on last year.

Full results available from High Fliers Research here.

Researchers spoke to 16,357 final year students at 30 universities. This is about a fifth of the 82,500 final year undergraduates at those institutions. Medics, dentists and veterinary students were excluded. ®

The essential guide to IT transformation

More from The Register

next story
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Redmond resists order to hand over overseas email
Court wanted peek as related to US investigation
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.