Education guide – A recent survey has found that nearly half of all final year students now view their career prospects as ‘very limited,’ after the effects of the recession have become plain. A survey of 16,000 final year students revealed that nearly a third thought that the majority of new jobs may be snapped up by graduates from the previous year who are still searching for work.
Around one in six of the students asked said they would possibly have opted against going to university had they known how competitive the job market would be. As a reaction to the job situation it is estimated that a further 26% were planning to go on for further study.
The study also found that less than 40% of students were intending to look for a graduate position straight after finishing their course. A small proportion were expected to look for a volunteer role in order to gain more experience in the field they wished to work in.
The most popular areas students were hoping to work in this year are media, law, teaching and marketing. These are all vey competitive industries and hard to find work in.
Graduate salary expectations have also dropped again with job hunters now expecting to earn around 22,000 in the first year of working after graduation. Students who were expected to earn more than this were law graduates who on average were expected to earn around 24,800.
The next discipline expected to earn more than 22,000 were IT and computing graduates who were expected to earn around 24,300 in the first year of working.
The discipline with the lowest expected salary was arts and humanities. Graduates in these subjects were only expected to earn 19,700 to begin with. Jobs for graduates of this field are often scarce and therefore highly competitive. Arts and humanities continue to prove very popular subjects to study though.
The study concluded that graduates in 2010 are expected to owe an estimated 2000 more than students who graduated in 2009 and an expected 17,900 per student has been suggested. The new tuition fee system has been deemed responsible for the increase.
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