Graduate Employment Middlesex

8/11/2019 Graduate Employment Middlesex

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GraduateEmployment

TrendsHead of Careers Service

Julian Rhys-Williams


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Aims of the session

To review Key features of the labour market

y y u Key sources of data on graduate outcomes Recent outcomes and impact of recession

Graduate and non Graduate jobs Further data and outlook


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Key features of market forgraduates(1)

60% of graduate jobs dont specify subject discipline

About 60% of 1 st degree graduates go into labour market within 6months

Formal graduate training schemes make up only 1015% ofopportunities

Reliance by some employers on pre university grades as well asdegree

Some emphasis on 2:1 (potential or actual) result in selectionprocedure

Use of tests on line


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Key features of marketfor graduates (2)

Degree/academic results not enough - need to demonstrate rangeof skills and some work experience.

schemes

Significant number of formal placements lead to jobs. Internshipsgrowing.

Issue of type of jobs entered into by graduates


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Key features of marketfor graduates (3)

Relevant vocational degrees required in some areas egengineering, science, medicine, nursing , social work , art anddesign and others.

Very high graduate employment in many of these

More mixed in others especially art and design Art and design has highest numbers going into self employment

Significant numbers of first degree graduates go on to PG or otherfurther study - 15% plus

For some areas a requirement eg legal professions , teachertraining, psychology

Funding issues


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Underlying trends forgraduates (1)

Increasing demand for higher level skills in knowledge basedeconomy

Decline in UK manufacturing and increase in service andprofessional skills

Importance of business innovation and small and mediumbusiness growth with graduates

Smaller proportion of graduates in traditional graduate jobs andwider range of jobs graduates do


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Underlying trends forgraduates (2)

Higher earning potential than non graduates and less likely to beunemployed in the long run

Increase in time to get a meaningful job and need to adapt andcommit to lifelong learning

Need for career management skills


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To be employed is to be atrisk to be em lo able is to be

secure Dr. Peter Hawkins, 1999

author The Art of Building Windmills and co-founder of windmillsprogramme


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Data/statistics/research Annual & Longitudinal DLHE (Destinations of Leavers from Higher

Education) surveys ( 6 months and 3 years) What Do Graduates Do www.prospects.ac.uk including detailed

profiles by subject area.

League Tables eg Times, Sunday Times , Guardian, based onvarious measures of graduate jobs/ further study andunemployment

Employment Performance Indicator (EPI) via HESA:www.hesa.ac.uk , with benchmarks allowing for entry quals andethnicity

( an important measure for HEI like Mdx)


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Further analyses andimpact of recession For the 2009 graduating cohort recession had significant impact Continuing decline in employment and continuing increase in

unemployment Slight increases in full time further study and taking time out

engineering, financial services ( esp banking), manufacturing,marketing /advertising, IT , also journalism and design

Energy and health, social and welfare and education sectorsmore or less steady levels of employment. Also sport and fitness

Increase in numbers going into non graduate jobs. Though lessdecline in recruitment for major graduate schemes Continued importance of internships for graduates in 2009

sometimes unpaid.


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Types of Graduate Job Measure devised by Elias and Purcell of IER, authors of major

longitudinal studies and fitting into SOC classifications Traditional eg solicitor, doctor, architect, research scientist

Modern eg IT programmer, journalist, primary school teacher

New eg marketing, management accountant, therapists ,social workers , engineers

Niche eg nursing, retail managers, graphic designers

Non graduate eg admin assistant, secretary, sales assistant,some technician and craft level jobs


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Graduate and non Graduate jobs %six months after graduation

(all Unis)

2005 2006 2007 2008 2009

Traditional 11.2 11.5 11.7 12.4

Modern 12.3 12.6 13.8 13.7

New 15.5 16.0 17.2 16.6

Niche 23.3 23.7 23.8 23.0

Non 37.5 35.6 33.5 34.3 37.6

Total grad level: 62.5 64.4 66.5 65.7 62.4


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Further data Evidence from most recent longitudinal survey of 2005 graduates 3 years

on showed : 81 % in graduate level occupations ie clear increase onfigures 6 months after graduation. Also decline in unemployment.

Recent detailed longitudinal survey of art and design graduates called

often using their creative skills. Also 40% had experienced selfemployment /freelancing in 3 yrs plus since graduating

However wide range of salary levels for graduates both starting out andin long term with eg overall accountancy , computing , engineering and

medicine grads doing much better than arts graduates.( though some vhigh achieving arts grads will certainly do v well in business sector). Gapbetween grads and those with A levels or equivalent lifelong earningslikely to narrow.


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Graduate preferences

Top 10 employers

Civil ServiceAccenture

changing 91% good work/life balance

was important 67% had to be happy with the

PriceWaterhouseCoopersArmyKPMGHSBC

BBCProctor & GambleNHSDeloitte & Touche

ethical record of a prospectiveemployer successful career and good

salary came further down thelist of things graduates mostwanted

Generation X & Y?


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Outlook

Possible steadying of unemployment rate Increase in non graduate employment and some further study

Some increases in private sector graduate recruitment

Still highly competitive entry Decline in many areas of public sector recruitment

Continuing importance of opportunities for graduates to gain

experience and some specialist skills Long term positive outlook but graduates need to be realistic and

well prepared to secure opportunities suited to them

Graduate Employment Middlesex

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