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Graduates Remained Immune from Recession

Posted on by Leona Sharon




Much contrary to anticipation, hiring rate for some jobs has not been impacted by recession. Rather, despite much premonitions in the year 2008-09 ninety percent graduates found jobs. The 4.6% increase in the number of vacancies, which is although lower than the pre-recession levels, is the highest rate since 2008. This shows that graduates are still in the position to enjoy good career ahead.


The career prospects have not, however, been uniform for these newly university-leavers. The statistics published by the Higher Education Statistics Authority (Hesa) show that in 2008-09, 18.8% got jobs in health and social work sector, 14.1% in professional, scientific and technical industry (ranging from book keeping, to legal advice or architectural services). But, the largest number of them found jobs in the education sector (25.5%).


Part of this huge supply of candidates straight to schools for teaching owes much to the mentoring institutes that fast-track university students into teaching careers in state schools. Young people going for this profession show the attitude to help their society. And, in a time when most of the young people do not plan a job for life, adherence to this profession is quite remarkable.


Portfolio Career is in the Vogue

The idea of having a portfolio career is, however, emerging among today’s graduates who unlike their parents do not target on any fixed career for lifetime. There are many such cases that people after completing their graduations on subjects like politics and international relations, are working as teachers. But as they reveal, they have different plans in the long run.


Employers are after creativity

Employers, on the other hand, are more concerned about one’s creative skills and good thinking skills than his academic qualification. A person completing his engineering degree can easily switch on to management sphere provided he shows necessary skills. As deputy vice chancellor of Arts University Bournemouth, Emma Hunt points out towards the students who with their arts background could succeed to show their creative skills in as diverse sectors as engineering and entertainment, education and career does not seem to follow any fixed equation.


Traditional Careers are Re-shaped

The definitions of any traditional profession like artist, designer etc have taken new forms and shapes. For example, artistic demonstration is now more eloquent with web designing, animations etc. With these sphere of skills creativity of an artist or designer does not remain limited into any particular medium. Rather, scope of being creative on any skill is now vaster than ever. So is the opportunity of playing around any field of proficiency.


Pay Roles

Among these graduates those who are in investment banking are getting an attractive average salary of £45,000. Those who are in law firms are getting on an average £38,000, and £32,500 in oil and energy companies. In comparison with other large recruiters public sector employees get the lowest sum of £22,200. Graduates from creative art and design courses as well as mass communication and documentation are worst paid with just fewer than 50% getting more than £21,000.


Classification of one’s degree definitely plays a role. How one’s grade impacts one’s salary is not, although, available as a concrete evidence, yet it is obviously prominent that unemployment rate is higher among those having lower grades.

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