Graduate job prospects best since 2007 as public sector leads recruitment - News - Student - The Independent

Graduate job prospects best since 2007 as public sector leads recruitment

Statistics show an 8.7 per cent rise in the number of graduate vacancies, taking employment levels back to the year before the recession began to bite

Education Editor

Job prospects for the class of 2014 – graduating this summer – are as rosy as at any time since the start of the recession, new figures indicate.

The statistics show an 8.7 per cent rise in the number of graduate vacancies, taking employment levels back to where they were in 2007, the year before the recession began to bite.

The largest increase is in the public sector, mainly as a result of the Teach First scheme, which is now the largest single recruiter of graduates in the country with 1,550 vacancies this year.

The scheme, originally launched in London and said to be responsible for a major rise in school performance, has now spread to other towns and cities throughout the country. Under the programme, the country’s brightest graduates commit to working for two years in schools serving disadvantaged area. Most stay in education when the two-year period expires.

Today’s research by graduate-recruitment expertHigh Fliers is based on a survey of the country’s 100 top graduate recruiters. Between them, the recruiters plan to employ 18,264 graduates this year compared with 16,895 in 2013.

Martin Birchall, managing director of High Fliers, said: “This very significant increase in graduate vacancies at Britain’s top employers means the job prospects for graduates leaving universities this year are the best they have been since the sart of the recession seven years ago.”

“The outlook for 2014 is significantly more upbeat,” the report concluded.

The 8.7 per cent rise is the biggest increase in vacancies for four years, and coincides with a major increase in paid internships and work-experience placements for students still at university. Employers plan to offer more than 11,000 such placements this year.

Aside from the public sector, the biggest increases are largely down to City investment banks, accounting and professional services, retailers and engineering and industrial companies. 

The top three individual recruiters are Teach First with 1,550 vacancies, PwC with 1,200 and Deloitte’s  with 1,000. 

However, salaries for the class of 2014 have stagnated – the average is £29,000 a year, a figure that has remained the same for the past five years. The top wages will be paid by investment banks – £45,000 – followed by law firms (£39,000) and banking and finance houses (£33,000).

The survey shows that  11 out of the 13 key areas for graduate recruitment are expecting to expand this year.

The two areas still suffering a major downward trend in vacancies are the media – where vacancies are down 57.9 per cent compared with 2007 – and the armed services, which are down by  39.6 per cent.

Hiring: Graduate recruiters

Trends in vacancies from 2007 to 2014 (in percentages)

1 Public sector  +94.4  2 Computing  +77.1

3 Retailing +58.4

4 Consulting +10.4

5 Consumer goods  +7.5

6 Industrial -1.3

7. Services  -3.4

8 Banking -10.6

9 Law -22.6

10 Energy -25.4

11 Investment banking  -32.5

12 Armed forces  -39.6

13 Media -57.9

News
John Travolta is a qualified airline captain and employed the pilot with his company, Alto
people'That was the lowest I’d ever felt'
Sport
Mikel Arteta pictured during Borussia Dortmund vs Arsenal
champions league
News
peopleThe report and photo dedicated to the actress’s decolletage has, unsurprisingly, provoked anger
Arts and Entertainment
While many films were released, few managed to match the success of James Bond blockbuster 'Skyfall'
filmsDaniel Craig believed to be donning skies as 007 for first time
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Sport
Steven Gerrard celebrates after his late winner
champions leagueGerrard and Balotelli ensure victory
Voices
Yes supporters gather outside the Usher Hall, which is hosting a Night for Scotland in Edinburgh
voicesBen Judah: Is there a third option for England and Scotland that keeps everyone happy?
Life and Style
healthIt isn’t greasy. It doesn’t smell. And moreover, it costs nothing
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs Student

PE Teacher (Female)

Negotiable: Randstad Education Bristol: Teacher of Girls PE for Wiltshire scho...

KS1 Teacher

£105 - £120 per day + Competitive Rates: Randstad Education Maidstone: Randsta...

Primary Supply Teacher's Urgently Required in Hull and Grimsby

£100 - £120 per day: Randstad Education Hull: We are looking for KS1 & KS2...

Internal Communications Advisor

£23000 - £25000 per annum + Negotiable: Ashdown Group: Internal Communications...

Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week