British graduates are among the worst hit by the coronavirus pandemic according to the latest research from @Adzuna & Bright Network. With a huge drop in graduate job vacancies and 100s of 1,000s of new graduates hitting the market this summer, competition for jobs has hit a 10 year high. 

The study uses the vacancy data from Adzuna’s comprehensive UK database and combines survey data from 600 recent graduates from a cross-section of universities to analyse the opportunities and aspirations of university leavers entering the job market this year.

Young Britons face increasing competition for jobs after being disproportionately hit by job losses during the pandemic. July data from Adzuna shows 93 applications per graduate job. Graduate positions have fallen by 58.9% year-on-year and are yet to see any indications of a ‘V-shaped’ correction. The Netherlands and India are the only other countries to experience losses at this scale. The impact has been notable but less severe in other parts of the world; Brazil has seen graduate hiring cut by 1/3rd, while France and Italy have lost 20% and 26% of graduate vacancies respectively.

Given the levels of competition, lack of graduate schemes and entry-level jobs, many university leavers this year are delaying entering the job market. 19% of the graduates surveyed are looking to pursue further education, according to Universities UK*, this number is typically 14%. 

The survey data also shows that travel restrictions brought on by the pandemic have dampened appetites for overseas opportunities. Only 3% of the 600 U.K university graduates surveyed were looking to take a gap year or pursue employment opportunities overseas.   

Despite the competition for roles this summer, as of August 2020, there are still 4,689 graduate jobs up for grabs across the country. Over 50% of these roles are in London & South East, with the teaching, healthcare, finance & engineering sectors dominating hiring activity this summer. 

Cambridge based, Artificial intelligence firm ARM currently tops the list of graduate employers with 33 open positions, while JP Morgan and Amazon both have 30 roles open for graduates. Graduates looking for public sector roles can also look to join the Civil Service, who currently has 15 open positions available. Barclays boast a range of graduate positions from Analysts to Developers.

For those who are successful in their job search, graduate salaries have increased by 4% year on year, rising from £21,646 to £22,521. The increase is likely to have been driven up by the low distribution of jobs and a shift towards better-paid industries like finance and engineering. 

Andrew Hunter, Co-founder of Adzuna.co.uk comments ‘Graduates entering the job market this year will need to be resilient. It’s a really tough time to graduate. Uncertainty around travel restrictions and the possibility of a second wave is doing little to help economic recovery. However, we’re pleased to hear that big firms such as JP Morgan and Amazon are still hiring graduates into their 2020-2021 cohort. The impact this will have on businesses and the wider economy will be great and we want to see this continue.

Ben Triggs, a Director at Bright Network, said: “It’s going to be challenging for graduates leaving university this year. It’s important that they take the opportunities available to build their network, skills and employability. Companies will still want the top talent, so graduates need to give themselves the best chance to get hired”

Year on year changes for graduate jobs: 

Country

Graduate Vacancies (July 2019)

Graduate Vacancies (July 2020)

% change

U.K.

9,727

3993

-59%

Austria

1,788

1271

-28.9%

Australia

315

277

-12.1%

Brazil

505

346

-31.5%

Canada

33

16

-51.5%

France

5,331

4,197

-20.1%

India

9,262

4107

-55.7%

Italy

596

441

-26%

Netherlands

5,070

2191

-56.8%

Russia

31,135

30,144

-3.2%

 

You may also be interested in these articles:

Register, Login or Login with your Social Media account:


Advertisers

Advertiser Skyscrapers

Video Advert

Newsroom Activity

FE News: The Future of Education News Channel had a status update on Twitter 45 minutes ago

RT @FENews: Connected Classroom and 1:1 Learning for Harrogate Grammar School: Based in North Yorkshire, Harrogate Grammar School (@Harroga…
View Original Tweet

SERC has published a new article: South Eastern Regional College Set for Healthy Eating Week 2 hours 59 minutes ago

Latest Education News

Further Education News

The FE News Channel gives you the latest education news and updates on emerging education strategies and the #FutureofEducation and the #FutureofWork.

Providing trustworthy and positive Further Education news and views since 2003, we are a digital news channel with a mixture of written word articles, podcasts and videos. Our specialisation is providing you with a mixture of the latest education news, our stance is always positive, sector building and sharing different perspectives and views from thought leaders, to provide you with a think tank of new ideas and solutions to bring the education sector together and come up with new innovative solutions and ideas.

FE News publish exclusive peer to peer thought leadership articles from our feature writers, as well as user generated content across our network of over 3000 Newsrooms, offering multiple sources of the latest education news across the Education and Employability sectors.

FE News also broadcast live events, podcasts with leading experts and thought leaders, webinars, video interviews and Further Education news bulletins so you receive the latest developments in Skills News and across the Apprenticeship, Further Education and Employability sectors.

Every week FE News has over 200 articles and new pieces of content per week. We are a news channel providing the latest Further Education News, giving insight from multiple sources on the latest education policy developments, latest strategies, through to our thought leaders who provide blue sky thinking strategy, best practice and innovation to help look into the future developments for education and the future of work.

In May 2020, FE News had over 120,000 unique visitors according to Google Analytics and over 200 new pieces of news content every week, from thought leadership articles, to the latest education news via written word, podcasts, video to press releases from across the sector.

We thought it would be helpful to explain how we tier our latest education news content and how you can get involved and understand how you can read the latest daily Further Education news and how we structure our FE Week of content:

Main Features

Our main features are exclusive and are thought leadership articles and blue sky thinking with experts writing peer to peer news articles about the future of education and the future of work. The focus is solution led thought leadership, sharing best practice, innovation and emerging strategy. These are often articles about the future of education and the future of work, they often then create future education news articles. We limit our main features to a maximum of 20 per week, as they are often about new concepts and new thought processes. Our main features are also exclusive articles responding to the latest education news, maybe an insight from an expert into a policy announcement or response to an education think tank report or a white paper.

FE Voices

FE Voices was originally set up as a section on FE News to give a voice back to the sector. As we now have over 3,000 newsrooms and contributors, FE Voices are usually thought leadership articles, they don’t necessarily have to be exclusive, but usually are, they are slightly shorter than Main Features. FE Voices can include more mixed media with the Further Education News articles, such as embedded podcasts and videos. Our sector response articles asking for different comments and opinions to education policy announcements or responding to a report of white paper are usually held in the FE Voices section. If we have a live podcast in an evening or a radio show such as SkillsWorldLive radio show, the next morning we place the FE podcast recording in the FE Voices section.

Sector News

In sector news we have a blend of content from Press Releases, education resources, reports, education research, white papers from a range of contributors. We have a lot of positive education news articles from colleges, awarding organisations and Apprenticeship Training Providers, press releases from DfE to Think Tanks giving the overview of a report, through to helpful resources to help you with delivering education strategies to your learners and students.

Podcasts

We have a range of education podcasts on FE News, from hour long full production FE podcasts such as SkillsWorldLive in conjunction with the Federation of Awarding Bodies, to weekly podcasts from experts and thought leaders, providing advice and guidance to leaders. FE News also record podcasts at conferences and events, giving you one on one podcasts with education and skills experts on the latest strategies and developments.

We have over 150 education podcasts on FE News, ranging from EdTech podcasts with experts discussing Education 4.0 and how technology is complimenting and transforming education, to podcasts with experts discussing education research, the future of work, how to develop skills systems for jobs of the future to interviews with the Apprenticeship and Skills Minister.

We record our own exclusive FE News podcasts, work in conjunction with sector partners such as FAB to create weekly podcasts and daily education podcasts, through to working with sector leaders creating exclusive education news podcasts.

Education Video Interviews

FE News have over 700 FE Video interviews and have been recording education video interviews with experts for over 12 years. These are usually vox pop video interviews with experts across education and work, discussing blue sky thinking ideas and views about the future of education and work.

Events

FE News has a free events calendar to check out the latest conferences, webinars and events to keep up to date with the latest education news and strategies.

FE Newsrooms

The FE Newsroom is home to your content if you are a FE News contributor. It also help the audience develop relationship with either you as an individual or your organisation as they can click through and ‘box set’ consume all of your previous thought leadership articles, latest education news press releases, videos and education podcasts.

Do you want to contribute, share your ideas or vision or share a press release?

If you want to write a thought leadership article, share your ideas and vision for the future of education or the future of work, write a press release sharing the latest education news or contribute to a podcast, first of all you need to set up a FE Newsroom login (which is free): once the team have approved your newsroom (all content, newsrooms are all approved by a member of the FE News team- no robots are used in this process!), you can then start adding content (again all articles, videos and podcasts are all approved by the FE News editorial team before they go live on FE News). As all newsrooms and content are approved by the FE News team, there will be a slight delay on the team being able to review and approve content.

 RSS IconRSS Feed Selection Page