Fortunately prospects for graduates are steadily improving and are currently at their best since the beginning of the financial crisis, regardless of the fact that competition for jobs remains intense.
A survey of fifty of the largest organizations hiring graduates, including: Apple; Oxfam; Marks and Spencer and MI5 – have found a 4.6 growth in employment, this has subsequently increased graduate recruitment to its highest stage, since 2008. The most significant developments were in the public sector and armed forces. However, salaries have not increased, as presently a top graduate can expect £29,000 the same amount as it was from 2010 to 2012.
On the other hand, the typical graduate who has a bachelor’s degree employed in the UK on average receives £21,000. But, interestingly the majority of women pick up less than £25,000 for their annual salary. Whilst men receive above £25,000 and statistically there are a lot more women graduating from university than men.
Approximately 29% of male graduates had salaries commencing at £25,000 and higher, in contrast to 17% of female graduates.
There are approximately 45 applications for every graduate vacancy. Employers can afford to be selective and insist on nothing less than a 2:1 degree as well as asking for A-level grades in the ratio of, for example: CBB; BBC or AAB as a minimum – nothing less than a ‘C’ grade and preferably at least three ‘A’ levels.
The majority of graduates are going into the professional sectors – for example, this year ‘sales and customer service occupations’ represented only 13% of all graduates in employment.
The above statistics demonstrate that it is worthwhile studying for a degree, although nowadays it is expensive, if you decide to study either part time or full-time you will be securing your employment and future career.