Record number of graduates in jobs since the recession, figures show

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4th September 2015 14:22 - Professional Services

According to recent figures, a record number of UK graduates are in employment since the recession.

In November 2014, as part of a study by the Higher Education Statistics Agency (HESA), researchers questioned approximately 82,000 individuals who graduated in 2011, about their careers.

Of the respondents, around 88 per cent were in work, with fewer people admitting to being unemployed or in further study.

The Higher Education Statistics Agency conducted the longitudinal study of graduates every consecutive year since 2006, when the graduates who finished their studies in 2003 were surveyed.

According to the figures, the last time that graduate employment was as low as 2015, was in 2008, or graduates who graduated in 2005.

2010 represents the year when graduate prospects were at their worst, when just 86.4 per cent of graduates were in employment three years after graduating in 2007. Of this group of graduates, 3.5 per cent were unemployed.

 

Survey date  

Degree finished  

In Work  

Further Study  

Unemployed  

Other  

2014

2011

87.9%

6%

2.6%

3.5%

2012

2009

87.1%

6.7%

3.2%

3.0%

2010

2007

86.4%

6.5%

3.5%

3.6%

2008

2005

89.7%

5.5%

2.6%

2.2%

2006

2003

89.3%

4.9%

2.3%

3.4%

 

In 2014, the median salary of UK graduates in full-time employment was £26,000 and of those who were employed, 80.5 per cent were in a professional role.

Of the graduates surveyed in 2014, more than three quarters – or 76 per cent – said that their university course had prepared them well for their career and 66 per cent said that their course had been good value for money. However, this group of respondents attended university before the fees trebled to £9,000 a year, in 2012.

Professor Ebdon, Director of Fair Access to Higher Education, said that irrespective of “significant progress”, students from disadvantaged backgrounds were 2.5 times less likely to enter higher education than those who were from the most advantaged backgrounds.

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