Survey Reveals Nine in Ten Graduates Found Work Amid Recession

About The Authors

5th September 2013 13:33 - Education

A survey of 60,000 graduates, undertaken by the Higher Education Statistics Agency, recently found that more than four fifths (83%) were satisfied with their career, and two-thirds (66%) thought their course had given value for money.

Nine tenths (87%) of the class of 2008-09 were in work three and a half years after graduating, 6.7% were taking part in further study and 3.2% were unemployed. Furthermore, a tenth (7.2%) had been jobless for the first six months after graduating university.

The unemployment rate was slightly lower than it was for 2007 graduates (3.5%), yet still higher than that of 2005 graduates (2.5%). The overall unemployment rate for the general population stands at a tenth (7.8%).

In addition, the survey revealed differences in employment rates between subject areas; in 2009 89% of medicine and dentistry graduates were in a job, compared with just three quarters (72%) of history and philosophy graduates.

Median salaries for graduates in full-time work were circa £24,000. Men employed full-time were averaging £25,000, while women were on £23,500. Furthermore, medicine and dentistry graduates were averaging £30,000, compared to those who studied art or design - £15,000.

Nicola Dandridge, Chief Executive of the Vice-Chancellors Group Universities UK, said:

“These are encouraging figures and highlight the signs of recovery in the graduate jobs market after the recession.”

While, David Willetts, the Universities Minister, said:

“… A degree remains an excellent investment, and one of the best routes to gaining a good job and rewarding career…”

Sign up for free insights from your sector…

Antispam code: 11666

Support Us...

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article...

For updated Education insights please follow us on @DJS_Education or use our RSS feed

Other Education Research Findings

Other Latest Market Research Insights

© DJS Research 2020