Feeds

UK graduates face bleak future as teachers

Gis' a job

The Power of One Infographic

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 Half of students are worried that even if they were offered a graduate job, the offer could be withdrawn before they start work or they'll get laid off within a year.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. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.