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Graduate recruitment at 'pre-recession high'

News | Highest level | graduate recruitment | Future Prospects

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Graduate recruitment in 2014 is at its highest level since before the financial crisis, with more and more employers confident about their growth potential.

This is according to the latest annual review of the graduate market from High Fliers, which reported a "substantial increase" in organisations offering more places to former students.

As such, this year will result in university leavers experiencing more opportunities and have a better chance of securing a job on a graduate scheme - the number of graduate vacancies has increased by 11.6 per cent in 2014.

The report, entitled The Graduate Market in 2014, noted that leading employers in the UK are offering 8.7 per cent more entry-level vacancies than 2013. This is the largest annual rise in the recruitment of graduates since 2010.

According to the authors of the report, public sector employers, accounting and professional services firms, city investment banks, retailers and engineering and industrial companies will be leading the recruitment drive.

Starting salaries for university leavers securing positions at leading graduate employers will remain the same for "an unprecedented fifth year" – a median of £29,000.

The "most generous salaries" for graduates are to be found in investment banks, law firms, in banking and finance, and at oil and gas companies.

Martin Birchall, managing director High Fliers, said: "It's great news for the 'Class of 2014' leaving university this summer that Britain's top employers have stepped up their graduate recruitment so significantly this year."

The poll also noted that leading organisations have stepped up their marketing of vacancies, with high visibility presence at universities.

They have, for example, attended numerous campus careers fairs, boosted online advertising and promoted positions via university careers services.

In related news, Markit's recent Global Business Outlook survey reported that UK businesses are more optimistic about future prospects in terms of investment, jobs and trade than other major developed economies.
 


Posted by Jon Aspinell on 14th July 2014

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