Decline in accounting and professional services work experience opportunities, survey shows

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26th July 2018 13:08 - Professional Services

Decline in accounting and professional services work experience opportunitiesWork experience places in the accounting and professional services industries have seen a decline this year of 3.9%. from 2017 figures.

This year, there were 1,793 opportunities offered for students in the UK, compared to 1,866 in 2017.  

The findings were part of research conducted for training course provider, Knowledge Academy to see whether the number of paid opportunities among the UK’s 100 most established and successful employers has increased or decreased over the past 12 months.

The highest increase in opportunities for undergraduates was seen in the public sector, with places growing from 676 in 2017 to 1,077 in 2018 - a 59.3% increase. Second to that was the Engineering and Industrial sector with a 21.4% increase from 1,993 (2017) to 2,419 (2018), followed by retail with a 3.6%  increase (456 to 473).

At the other end of the table, Consulting has seen the biggest percentage drop in the number of opportunities down to 155 in 2018 compared to 210 last year - a decline of 45.2%, followed by IT and Telecommunications with a fall of 20.1% in places. Opportunities for law students fell by 11.2%, followed by Banking and Finance (8.9%), Investment banking (7.2%), Accounting and Professional Services (3.9%) and Oil and energy (3.2%).

In addition to the number of places offered in 2018 compared to last year, the study also looked at the challenges faced by employers when offering work experience places and internships. It found that 36 percent wanted the quality of undergraduates coming to work for them on a placement to improve and 13 percent want to attract more interest for opportunities advertised. Of the 100 employers polled, 4 percent said they wish to have fewer applications for places. 



See the full table of results here 

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