According to a report by graduate research company High Fliers, vacancies within The Times Top 100 Graduate Employers rose by 2.5% in 2013. It also revealed that leading UK employers expected to offer 8.7% more graduate positions in 2014 than the previous year. With these figures in mind, it seems like graduate recruitment is set to be a hot new market in 2015.
The largest graduate employers of 2014 were TeachFirst and Deloitte. Highest paying, however, were the likes of Aldi, whose trainee graduates start on £41,000. With graduate recruitment on the rise, it appears salaries could be set to increase further in 2015 as companies battle to recruit the best candidates.
While it’s clear that graduate recruitment is increasing and there is more room for degree holders in the workplace, it’s also clear that the amount of young people obtaining a degree has also skyrocketed.
The total amount of students studying undergraduate or postgraduate courses in 2012/13 was an impressive 2340275 compared to 2000/01 totals of 1948135. However, there is a still a decrease from the over 2.5 million high that was reached in 2010/11. The decrease is mostly attributed to the increase in tuition fees, but it still remains that any more are populating UK universities than a decade ago.
Great news for the employers, these statistics mean more applications and an increased pool of candidates to choose from. However, it still means that the graduate recruitment market is a competitive one for candidates and recruiters alike.