More
than half of all new graduates are out of work or stuck in jobs
that don’t utilise their graduate
skills
Six months after leaving university a new
study for the Centre for Economics and Business Research has found
that half of new graduates are out of work or stuck in jobs that
have nothing to do with their degree.
The report found that 52% of graduates from
last year (15,655 graduates) are unemployed or under-employed as a
result of the current graduate job market. A total of 20% were found
to have no job at all, the highest amount in over a decade and
worse still than when the recession began back in 2008.
Terry Hamill, Director for BNI Merseyside and
spokesperson for many local businesses says, “It’s a pretty
de-motivating picture for young people aspiring to be future
business leaders today — and you have to question whether
university is really worth the investment it takes, if its so
difficult to secure meaningful jobs afterwards. But it’s not all
black, and I think that the business community can really support
through apprenticeship schemes, work experience opportunities and
other creative initiatives.”
The study also highlighted historical and
philosophical studies, law, and language are most likely to end up
unemployed or in a job that is underpaid. Head of ATT, Jane Scott
Paul, commented that because the government is asking students to
start paying £9000 a year in tuition fees they will expect a
‘credible return’ on investment, and a guarantee of jobs been
available. The prediction for 2011 graduates will be that 55% of
all graduates will be in the same position after 6 months.
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