Graduates Submitting Record Job Applications
The number of students applying for jobs before graduating has risen by 40% in the last 2 years.
By the end of February this year, 61% of all UK students had applied for work ΓÇô and 42% of those had already applied for work by the end of September and October 2011.
The same research also suggests that graduating workers began researching career options as early as their first year of university.
The research ΓÇô taken from the survey of over 17,700 graduating students at 30 universities ΓÇô indicates that student job applications have risen as much as 40% since 2010.
ΓÇ£Three years ago, when the recession first took hold, many students felt there was little point in looking for a graduate job in such a tough employment market and instead opted to take time off, go travelling or enrol for further study at university,ΓÇ¥ says Martin Birchall, High Fliers Research MD.
ΓÇ£TodayΓÇÖs students arenΓÇÖt necessarily much more confident about the graduate job market but have been fighting really hard to secure the jobs that are on offer from employers.ΓÇ¥
A mere 12% of students are intending to take a gap year before starting work this year and an increasing number now describe their prospects as ΓÇÿlimitedΓÇÖ.
StudentsΓÇÖ expectations of the working world also seem to be adjusting, the report shows, as the anticipated starting salary has fallen to ┬ú22,600 since 2008. However, an optimistic one sixth of 2012 graduates believe they will be earning ┬ú100,000 a year or more by the time theyΓÇÖre 30.
Graduates of the London School of Economics look set to be the most-desired candidates in 2012, as records show the university holds a 42% success rate. Graduates of the University of Liverpool, on the other hand, see a success rate of just 5%.
Find out what constitutes happiness at work for recent graduates in our article Graduating Workforce Sets New Career Goals.