The initial expectations of the report, which measured 18,000 final year students, were exceeded massively having originally only anticipated around 9% growth. Between 2007 and 2009, 23.3% of graduate jobs were lost but now the figures have finally recovered to the pre-recession peak.
The report says: “These latest results mark a very welcome improvement in the graduate job market and suggest that graduate recruitment at the leading employers is now at its highest level for seven years.”
Graduate jobs are still not easy to come by, although these figures do indicate a slightly larger market.
Also the competition for jobs is fierce. On average 39 applications are received per vacancy, with this figure rising to 50 applications in some of the most popular sectors, including: media organisations, high street retailers, and banking and finance companies.
However, with the massive rises in jobs in various sectors, such as accounting and professional services increasing by 23.8%, not every sector is so oversubscribed.
In fact, High Fliers managing director, Martin Birchall, states: “It’s great news for the ‘Class of 2014’ leaving university this summer that Britain’s top employers have stepped up their graduate recruitment so significantly this year.”
And the future looks positive, as the number of students increases more than two-thirds of companies plan to match or expand their recruitment levels next year.
Adapted from: http://www.bbc.co.uk/news/education-28160714