18 Apr, 2013

Recession struck graduates

18 Apr, 2013

Since the recession more graduates have found work in London and the jobs outlook varies greatly across the country, reports the Higher Education Careers Services Unit (HECSU) in the spring edition of Graduate Market Trends (GMT) published today (18 April 2013).

Charlie Ball, deputy director of research at HECSU reports where jobs for new graduates were found in the UK last year1: “London has been consistently the most common first employment destination for new graduates, but had seen a relative decline in share of employment before the recession. Since then London’s share has increased and continues to rise. Scotland, by contrast, has experienced a year-on-year fall while the East of England has seen steady rises in the share of new graduates for the last five years2.

“Not all jobs are found equally spread across all parts of the UK, and students who aspire to work in particular regions need to work closely with well-connected local careers services to ensure that they don’t have unrealistic expectation of the kind of work that is available locally.

“For example, two thirds of financial analysts began their career in London, only South-East England and Scotland saw more than one in twenty financial analysis jobs.

“Conversely marketing and advertising executives had a less concentrated jobs market with 38% based in London, one in ten employed in the North West, and Surrey, Merseyside, Oxfordshire, Hampshire and Manchester all provided at least 40 jobs. Mechanical engineers were also spread across the UK with less concentration in London, so graduates entering this field should expect to work away from more conventional graduate job hotspots.

“Overall, there are a lot of good jobs outside the capital, but London is the only place where you can get a job in pretty much anything available to graduates. The jobs market in places like Manchester and Edinburgh is diverse, but the range and volume of roles is much smaller.

A lot of graduates struggle to find work because they limit themselves by looking for a particular kind of job in a certain part of the country. Unfortunately, our jobs market often doesn’t work like that. So, if you’re sure you want to do a particular job, make sure you know where those jobs are to reduce the chance of aiming for something that simply isn’t there.”

The full analysis can be read in the summer edition of GMT at www.hecsu.ac.uk.