Foreign graduates are filling the skills gap in financial and engineering roles, according to new research.
Technical sectors such as finance, data and analysis are showing a substantial shortage of British graduates. Companies looking at talent from abroad to fill gaps, according to
Emolument, a salary benchmarking website, analysed data from 32,000 establishments.
It found that employers were prepared to offer salaries as much as 30 per cent above market to highly skilled graduates with degrees in finance and data analysis from non-British universities.
In IT and compliance foreigners can make up to 18 and 11 per cent more than UK graduates.
Graduates from abroad now make up 28 per cent of students in finance in British universities.
Some 90 per cent of foreign graduates work in London.
Alice Leguay, co-founder and COO at Emolument , said it’s a win-win situation as many graduates see the UK as a “land of opportunities” and UK employers can take advantage of the talents they can’t find in the UK.
“Many European graduates see the UK as an ideal location to kick off their careers: flexible career paths, a vibrant technological and entrepreneurial sector as well as fiscal incentives,” Leguay said.
“Equally, UK employers are keen to bring in highly skilled graduates as they struggle to find appropriately qualified staff in the UK due to a decline in science and maths education over the last 10 years,” she added.
Engineering and education graduates are most in demand in 2016, according to another survey by CV-Library.
There are more than 1,000 jobs available for both engineering and education graduates in the UK, the employment website found.
The world's 15 most powerful women in 2015
The world's 15 most powerful women in 2015
1/15 Angela Merkel - German Chancellor
German Chancellor Angela Merkel has retained her number one ranking for topping this year’s Forbes list for the fifth consecutive year and ten times in total.
2/15 Hillary Clinton - Presidential candidate, United States
Clinton, who could become the world’s most powerful leader in 2016, has been featured on the list every year since it launched in 2014.
3/15 Melinda Gates - Cochair, Bill & Melinda Gates Foundation
Melinda Gates has cemented her dominance in philanthropy and global development to the tune of $3.9 billion in giving in 2014 and more than $33 billion in grant payments since she founded the Bill & Melinda Gates Foundation with her husband in 2000.
4/15 Janet Yellen - Chair, Federal Reserve, Washington, United States
Janet Yellen made history in 2014 when she became the first female head of the Federal Reserve.
5/15 Marry Barra - CEO of General Motors
Mary Barra made history by becoming the first female CEO of General Motors.
6/15 Christina Lagarde - Managing director, International Monetary Fund
Christine Lagarde is entering the last year of her first term heading the International Monetary Fund (IMF), the organisation which serves as economic advisor and backstop for 188 countries. Under Lagarde the IMF has supported efforts to increase female labor force participation as way to reduce poverty and inequality. The UK, Germany, China, France and Korea have endorsed Christine Lagarde for another term as the head of the IMF.
7/15 Dilma Rousseff - President, Brazil
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8/15 Sheryl Sandberg - COO of Facebook
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9/15 Susan Wojcicki - CEO of Youtube
Susan Wojcicki is CEO of YouTube, the world’s most popular digital video platform used by over a billion people across the globe. She oversees YouTube's content and business operations, engineering, and product development.
10/15 Michelle Obama - First lady, United States
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11/15 Park Geun-hye - President, South Korea
Park Geun-hye is the first female leader of a country that has the highest level of gender inequality in the developed world. In her inauguration speech, she promised to prioritise both national security and economic revitalisation.
12/15 Oprah Winfrey - Actress, Director/Producer, Entrepreneur, Personality, Philanthropist
Oprah Winfrey, a former queen of daytime TV has proven she can thrive without a talkshow. Her 'The Life You Want' tour sold out stadiums from Newark to Seattle in 2014.
13/15 Ginni Rometty - CEO of IBM
Ginni Rometty joined IBM in 1981 and later became the first woman to lead the company.
14/15 Meg Whitman - CEO of Hewlett-Packard
Meg Whitman is the only woman to have headed two large U.S. public companies: eBay and Hewlett-Packard.Until Marissa Mayer's arrival at Yahoo, she was the only female head of a leading Internet-based company.
15/15 Indra Nooyi - CEO of PepsiCo
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“These shortages are compounded by insufficient numbers of young people, especially girls, choosing a career in engineering. I am convinced we will only overcome these challenges if all those with an interest in UK engineering commit to greater collaboration and partnership,” said Nick Boles MP, Minister of State for Skills.
CV-Library said that more than 800 graduate jobs are being advertised in both construction and IT.