Nowadays, a 2:1 or a 1st class degree is not enough to land a graduate-level job. Why is this?
Up until 1990, the number of graduates equalled the number of graduate job vacancies. However, nowadays there are 2.3 million graduates searching for a job at any give time and competition is fierce, with at least 80 applicants per job vacancy.
Here is a typical response that one of our graduates recently received from a large bank: “We regret to inform you that this programme has now been filled. As advertised, we recruit on a rolling basis and had received an extremely high volume of applications for this programme from the day we opened”.
We subsequently learnt that this bank had over 65 000 applications for 120 graduate vacancies!
With huge numbers of academically qualified applicants, employers are placing greater emphasis on making offers to the most ‘workplace-ready’ candidates who have a range of employability skills and experiences. As well as possessing these attributes, graduates need to be able to present themselves effectively in job interviews.
2019 saw a real change in employer expectations and the number of graduates seeking good jobs is only going to increase in 2020.
This infographic illustrates the scale of the problem:
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