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Jobs for graduates predicted to hit record high

<ÁñÁ«ÊÓƵ class="standfirst">Graduate recruitment is set to reach its highest level in more than a decade, according to new research
January 12, 2015

A study by High Fliers Research predicts that employers will create 8.1 per cent more entry-level vacancies in 2015, building on an increase of 7.9 per cent in 2014.

This represents the third consecutive annual increase, after a sharp dip in the aftermath of global financial crisis in 2008.

The research ¨C which examined 100 employers including Barclays,?Shell, the Civil Service, Rolls-Royce, Deloitte and Marks &amp; Spencer ¨C also revealed that starting salaries are set to hit a median of ?30,000 for the first time in 2015.

University leavers working in law firms and investment banks can expect starting salaries in excess of ?40,000.

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This pay increase comes as the first undergraduate students to pay ?9,000 tuition fees get ready to leave higher education.

The study also shows a big increase in paid work placements and internships available for students and recent graduates.

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More than four-fifths of recruiters now offer paid work-experience programmes to students and university leavers, with 13,049 placements available this year.

The research found that graduates with no work experience are unlikely to find employment, while a third of graduates who went on to work at a firm have already held a position there.

Two-thirds of recruiters offer paid placements during the summer holidays.

Martin Birchall, the managing director of High Fliers Research, said that graduates leaving university in 2015 can expect a ¡°buoyant jobs market¡±.

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He said: ¡°It¡¯s great news that students leaving university this summer who¡¯ve paid higher tuition fees for their degrees will be emerging into the most buoyant graduate job market for over a decade, with a wider choice of graduate vacancies at the country¡¯s most sought-after employers and better starting salaries.¡±

Universities minister Greg Clark said: ¡°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.¡±

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