With exam period drawing to a close, you’d be forgiven for thinking students across the country are drawing a collective sigh a relief. However, the reality is that many will now be fretting about securing a graduate job in an increasingly competitive market.
Since their introduction, £9000 a year tuition fees have also forced hundreds of thousands of 16-18 year-olds to seriously consider whether or not university remains a sound investment.
Just last week a social media post from recent University of Nottingham graduate, Simon Crowther, went viral. The Facebook post bemoaned the high rates of interest on students’ loans.
To date, Mr Crowther’s public letter directed to his local MP – Vernon Coaker – has been shared an astonishing 40,000 times on Facebook.
Kevin Brady, director of job search engine AdView, told us,
“It’s difficult to overestimate the pressures faced by today’s university students.
“The prospects of finding a top graduate role are, frankly, more difficult than ever. With more graduates to choose from than at almost any time in history employers are becoming even more picky. This is even before you consider the interest on your student loan.”
Mr Brady, who will be appearing on talkRADIO next week to talk about the graduate jobs market, was quick to point out that the situation isn’t complete doom and gloom.
“On a more positive note, job swapping and even career swapping are much more common these days – regular job hopping can even boost your career earnings!”
“This means that graduates don’t have to go into the market thinking that they’ve got to stick to the same job or career path for the rest of their lives. In this sense at least there’s much more flexibility nowadays.”
So how tough really is it for a graduate to get a job in 2016?
Mr Brady continued:
“Over a quarter of AdView’s monthly users are aged 18-24 – many of these being graduates.
“Currently we advertise over 11,000 graduate roles. If we consider that half of school leavers now go to university, we can very reasonably estimate from our databases that we have four times as many graduates or current students chasing each graduate role.
“It’s also been widely reported that graduates who go home after university are more likely to be in non-graduate roles. It’s clear that graduates able to move elsewhere have much more choices available.
The AdView.co.uk Weekly Employment Roundup airs every Monday at 6.30am from 6th June on Paul Ross’ Breakfast Show.