Vaccine

 

 

Student Expectations Of First Salary Drop By £1,620 In 2020, as Arrival Of Coronavirus Vaccine Fails To Bolster Graduate Confidence @brightnetwork

  • Research from Bright Network finds the pandemic continues to impact graduate confidence, with 65% not confident about securing a graduate role after university
  • New quarterly tracker finds arrival of a COVID-19 vaccine has not increased confidence about job prospects for 80% of students – with graduate job market not expected to bounce back once vaccine is rolled out
  • Privately-educated and those whose parents went to university more likely to be protected from negative impact of the pandemic on graduate jobs

London, 11th December: The COVID-19 pandemic has decreased graduate expectations about earning potential by £1,620 since the start of the year, from £27,600 in January to £25,980 now according to new research from Bright Network, the leading platform that unites the next generation of bright talent with global employers and fast growth businesses.

Despite the government’s pledge to extend the Kickstart Scheme - which offers employers £2,000 for every new young worker taken on – the research from Bright Network’s quarterly Talent Tracker has found that COVID-19 continues to hamper graduate expectations about career prospects, with 65% of graduates not confident about securing a graduate role, and 85% feeling more under pressure over their career search due to uncertainty caused by the pandemic.

Over half (56%) of those under more pressure were worried about the scarcity of jobs due to cuts at big companies, such as those announced by the Arcadia Group and Sainsbury’s in recent weeks, and more than a third (37%) of graduates have said the pandemic has now changed their thinking about the career paths they’re keen to pursue.

With the UK announcing positive news last week that it has become the first country in world to approve the Pfizer/BioNTech vaccine for widespread use, Bright Network’s data shows that the arrival of a viable coronavirus vaccine has not increased confidence in graduates about employment opportunities, with only 1 in 5 (21%) admitting a potential vaccine has increased their confidence in finding a graduate role – indicating that graduates acknowledge that economic recovery from coronavirus is still likely to be slow.

Despite these challenges, the study finds that undergraduates are investing more in their own skills to boost their attractiveness in the jobs market: 90% are keen for graduate employers to support the student population with upskilling during university, and over a third (37%) are more interested in advice about how they can upskill for their future career than whether firms are hiring right now (27%).

A further two-thirds (60%) of the UK’s students are considering further study after they finish their undergraduate degree as they look to strengthen their competitiveness in the graduate market as the pandemic continues into 2021.

Research from Bright Network during the course of 2020 has found that students with socio-economic advantages are much better placed to secure a graduate role than those without these advantages. There are signs that the pandemic will create further disadvantage:

  • Talent Tracker finds that despite the overall drop in salary expectations, those who are privately educated still expect to earn an average of £2,790 more in their first job than their state-educated peers - £27,670 compared to £24,880 for those state educated.
  • Research undertaken by Bright Network in September this year* identified that those educated at private school were 21% more likely to say they have the right network around them to aid their job search than state school-educated students.
  • The same research identified that those who were the first generation to go to university are much more likely to have experienced challenges around lack of workspace and access to technology during lockdown, with 70% of first generation students citing lack of adequate workspace during lockdown vs only 59% of those whose parents had gone to university, and 42% citing consistently poor internet connection vs 38% of those whose parents had gone to university

James Uffindell, Founder & CEO of Bright Network, commented:

Our Talent Tracker continues to highlight the real and long-lasting impacts the pandemic will have on the UK’s young people looking to begin their careers. Students’ persistent concerns about fewer employment prospects, despite the great news about the vaccine roll-out, tell us that the challenges students face to secure the right graduate job will persist beyond the pandemic – we know that the economy won’t bounce back immediately.

“Our study highlights that the impacts are not felt evenly across groups, and it is essential we work with universities and employers to ensure everyone has equal opportunity when it comes to job opportunities, and that we provide the support students are telling us they are seeking from employers right now.

“It’s imperative that as we look ahead to 2021 and a recovery from the pandemic, we ensure the next generation are given the best skills training and opportunities to help build back the economy we need”

You may also be interested in these articles:

Sponsored Video

Register, Login or Login with your Social Media account:


Advertisers

Upcoming FE Events

Advertiser Skyscrapers

Newsroom Activity

FE News: The Future of Education News Channel shared a video in channel. 1 hour 9 minutes ago

RHS Chelsea Flower Show 2020-21 | Sparsholt...

RHS Chelsea Flower Show 2020-21 | Sparsholt College re-launch garden at Gilbert White's House Sparsholt College staff and students visit Gilbert...

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 Jan 2021, FE News had over 173,000 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, putting us in the top 2,000 websites in the UK.

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