As a follow up from our last post ‘Can’t be arsed with a student job’ we thought we’d summarise some recent research conducted by High Fliers into the graduate jobs market.
At first glance, it seems like it’s good news all round……the research tells us that vacancies for university grads will hit record levels as employers significantly up their recruitment levels for the first time since 2007.
What’s perhaps more interesting, though, is the fact that thousands of these jobs (a hefty 40%) will only be open to applicants who have previously had internships, industrial placements or work experience ideally at the company they are applying to. In investment banking, an eye watering 75% of roles will be open solely to those with experience, whilst the picture at leading law firms isn’t any easier on the eye at 50%. The study explained that “..Over half the recruiters who took part in the research repeated their warnings that graduates who have had no previous work experience at all are unlikely to be successful during the selection process and have little or no chance of receiving a job offer for their organisations’ graduate programmes.”
So, at the risk of flogging a dead horse, make sure you get some work experience. We recruit students to be brand ambassadors throughout the academic year so apply here.
Finally, we know there’s lots in the news about nepotism and wealthy, well-connected parents bagging the best internships for their little bundles of joy but we really don’t think that’s the case. There’s lots out there if you know where to look. We’d also like to point out that the High Fliers study was only based on a survey of 100 employers (the big boys and girls like Apple, the Army, Barclays, BP, Centrica, Goldman Sachs, Google, McDonald’s, Network Rail, the NHS and Tesco); there are thousands of other graduate recruiters who are definitely not insisting that new hires have previous work experience working in their company. Nonetheless, bagging yourself an internship definitely gives you a great chance of turning that role into a permanent one once you’ve graduated.
If you’re interested in learning more about what we do in the graduate and intern marketing, recruitment and assessment space, then please visit our sister company Campus Futures.