Graduate job vacancies rise

The number of graduate vacancies at leading employers is now at its highest level since the onset of the financial crisis in 2008, boosted by openings in the public sector, a survey has found.

July 1, 2013

Graduate employment

Vacancies are up 4.6 per cent on 2012, and have grown by 18.6 per cent in the public sector, despite deep cuts in spending planned for the next three years.

The Graduate Market in 2013 also finds that a quarter of the 100 organisations surveyed require a minimum Ucas tariff from applicants, usually based on their A-level grades.

Three quarters would not hire a graduate with less than an upper-second-class degree.

Despite an increase in vacancies, the median starting salary is £29,000, unchanged for the fourth year in a row.

Previous editions of the survey found that the number of openings plummeted by 17.8 per cent at the beginning of the recession in 2009, recovered in 2010 and 2011, and then dipped very slightly in 2012.

The rise in vacancies this year is unexpected, as earlier this year employers predicted they would increase by just 2.7 per cent compared to 2012.

On average there were 46 applications for each vacancy, with competition highest at consumer goods manufacturers, media organisations, banking and finance employers, retailers, and oil and energy companies. It was lowest in accountancy and professional services firms.

The best paid sectors were investment banking, oil and energy, law and consulting, all paying a median average starting salary of at least £30,000.

The public sector was the least well remunerated, paying graduates an average of £22,000 when they start.

david.matthews@tsleducation.com

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

PhD Position in Archaeology and Cultural History

Norwegian University Of Science & Technology -ntnu

PhD position in Energy and Process Engineering

Norwegian University Of Science & Technology -ntnu

PhD position in Energy and Process Engineering

Norwegian University Of Science & Technology -ntnu

PhD position in Industrial Energy Efficiency

Norwegian University Of Science & Technology -ntnu

Postdoc in Traffic Engineering

Norwegian University Of Science & Technology -ntnu
See all jobs

Most Commented

Doctoral study can seem like a 24-7 endeavour, but don't ignore these other opportunities, advise Robert MacIntosh and Kevin O'Gorman

Matthew Brazier illustration (9 February 2017)

How do you defeat Nazis and liars? Focus on the people in earshot, says eminent Holocaust scholar Deborah Lipstadt

Improvement, performance, rankings, success

Phil Baty sets out why the World University Rankings are here to stay – and why that's a good thing

Warwick vice-chancellor Stuart Croft on why his university reluctantly joined the ‘flawed’ teaching excellence framework

people dressed in game of thrones costume

Old Germanic languages are back in vogue, but what value are they to a modern-day graduate? Alice Durrans writes