A new study has recently suggested that the first students to pay the higher rate of university tuition fees will graduate into the UK’s most attractive job market in the last 10 years.
The High Fliers study predicts that the graduate recruitment market in 2015 will be at its highest level for a decade with UK employers planning to expand graduate recruitment even further than last year, predicting that 8% more positions will be available in 2015.
The study suggests that the best route to obtaining a top role is by undertaking work placements at the firm in question. It also adds that 30% of jobs which are expected to be offered to graduates, will be to those who have managed to do this.
The majority of the UK’s leading graduate employers are now offering paid work-experience programmes for students and recent graduates, with over 13,000 positions available this year.
An increasing number of organisations now have placements for first-year undergraduates, whilst two-thirds have paid internships during the holidays for final-year students, and around 50% have industrial placements available as part of degree courses.
Highlighting the importance of work experience prior to searching for graduate positions, more than half of the recruiters agreed that those with no work experience are unlikely to be successful applicants and have “little or no chance” of receiving a job offer through graduate programmes.
Managing director of High Fliers Research, Martin Birchall, said that students leaving university in 2015 will find a buoyant graduate job market.
He added that many of the UK’s top employers would also be offering “more than 13,000 paid internships, vacation work or course-based placements in 2015”.
Greg Clark, Universities minister, commented: “Confidence in the economy continues to grow, and this is reflected in the fact that Britain’s top companies will recruit more graduates this year than they have for a decade.
“This report will be warmly welcomed by the record number of students who started university this year and highlights how a degree remains one of the best routes into a rewarding career.”