Graduate Jobs 2015

Graduate Jobs 2015 – A Career Market Overview for Graduates

The Graduate Jobs market in 2015 has a mixed, but generally positive outlook. In this article we will:
– summarise the definition of a graduate job, role requirements and application dates.
– Analyse the Graduate Jobs 2015 market & highfliers graduate vacancies report.
– Consider average graduate job salaries for 2015 graduate schemes and vacancies.
– Direct you to 2015 graduate jobs and graduate career services and job hunting tips.

Definition of a Graduate Job

Although there is no formal definition of a graduate job, it is either a job that a graduate with no or very little experience can do. Another term would be ‘Entry Level job’. It is also a job that needs a person with a graduate degree.

From an employer’s job specification a Graduate job title is required when the abilities, and knowledge, needed to perform the role, incorporating further learning will require a degree qualification. Often the average recent graduate and school leaver at the age of 21-22 will be earning very similar wages but as the years progress graduate salaries tend to be greater. Graduates sometimes begin in the same position as a school leaver but more often than not with the intention of faster progression.

Requirements to get a Graduate Job

Requirements differ mainly upon employer and sector. Often there is no specific degree type required, rather by having graduated, showing a level of study and aptitude and also obtaining transferrable skills such as presenting, essay writing etc.
In terms of degrees grades required this varies hugely. Graduate Schemes & Graduate Programmes from top employers regularly require a minimum of a 2.1, but many smaller companies will accept a 2.2 or 3rd. Often employers will accept lower grades if the candidate studied at a top tier university such as Oxford or Cambridge.

When to apply for Graduate Jobs

The simple answer is that there are graduate jobs to be found all year round. Particularly with smaller/medium sized companies, needs for graduates come around as and when large projects come through, budgets allow or people leave.

Formal graduate schemes and programmes lasting 1 to 3 years have more of a set outline. A common timeline is for initial applications to be completed between September and January. Interview stages including phone interviews, tests, assessment centres will generally fall between February and June. Starts for the graduate job placements tend to be either straight after graduation in July or more commonly in September.

Graduate Jobs 2015 Market Overview

Graduate Jobs 2015 Market Overview
On one side we have reports on UK economic growth and top 100 graduate employers showing positive signs. On the other hand the Christmas 2014 retail sales were not strong and economic recovery since the recession has been slower than expected.

Skills shortages in the graduate jobs market suggest that overall graduate job salaries could increase.

Regionally London will have a large % of the graduate jobs market with larger cities such as Edinburgh, Birmingham, Leeds and Manchester providing strong opportunities. This is often because these contain the Head Offices of larger companies. Statistics are often skewed though, as major published surveys only tend to include major employers. There will still be plenty of graduate jobs (perhaps not so much formal graduate schemes) in smaller companies in all areas of the country.

Highfliers stats on Graduate Jobs for 2014 – 2015

The Highlfliers review for 2015 is insight into graduate jobs and starting salaries form leading employers. The study was conducted in December 2014. The graduate employers are the Times Top 100 Employers.

These findings examine graduate recruitment stats from in 2014 and looks into the latest graduate recruitment targets for 2015.

Graduate Employers include include Apple, Arcadia Group, BBC, Barclays, Deloitte, Google, EDF Energy, KPMG, MI5 – The Security Service, NHS, Santander, Siemens, WPP and many more.

Here are some of the major findings:

• 2014 saw the biggest annual rise in graduate recruitment for 4 years. The number of graduates hired increased by 7.9% in 2014 year on year.
• For the third consecutive year, graduate positions have increased. There are 8.1% more entry-level vacancies than last year. This takes 2015 graduate recruitment beyond the pre-recession peak in the graduate job market in 2007.
• 70% of employers in key industries and employment areas are predicting to take on more new graduates than in 2014.
• The highest growth in graduate jobs is expected in the banking & finance employers, public sector, accounting & professional services, retailers and the Armed Forces.
• Teach First, PwC and Deloitte are forecasted to supply the largest number of graduate jobs in 2015.
• Graduates who have already worked for the company, either through paid internships, industrial placements or vacation work will fill 31% of this year’s entry-level positions.
• Graduate recruitment budgets have increased for over 25% of companies.
• Graduate starting salaries are expected to hit a median of £30,000.
• Over 25% of top graduate programmes will pay new graduate recruits more than £35,000
• Investment banks offering an average graduate salary of £45,000, law companies averaging £40,000 and banking & finance companies offering £36,500 are the sectors offering the highest median starting graduate salaries.
• Aldi offering £42,000 and the European Commission offering £41,500 are the largest published graduate starting salaries for 2015.
• Although salaries are increasing, employers have not stated this is due to the tuition fees , but more due to competition.
• More than 80% of graduate employers are offering paid work experience programmes for students and recent graduates.
• Paid vacation internships for penultimate year students were offered by over 60% of employers and industrial placements for undergraduates were offered by over 50%. 40% of employers run open days , introductory courses, and other experiences for first year students.
• Nearly 50% of the employers warned 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’.
• Graduate jobs have been advertised at an average of 19 UK universities, using a variety of local skills training events , recruitment presentations, campus careers fairs, promotions through university careers services, online advertising and social media.
• Graduate recruiters made more use of local careers fairs, recruitment presentations, skills training events, campus brand managers and social media, during this year’s recruitment campaigns – and did less advertising in local career guides and sector guides.
• The position advertising focus has decreased through sector and local career guides. It has increased in use of local careers fairs, skills training events, campus brand managers and social media.
• Cambridge, Bristol, Manchester, Leeds, , Warwick, Oxford, Durham, , Imperial College London, University College London and Nottingham are the 10 universities most commonly targeted by Britain’s top graduate employers in 2014 – 2015.
• Over 33% of employers said that year on year more graduate job applications have been completed. Many also believed that the level of quality of graduate job applications had improved.
• Graduate employers have received 6% more graduate job applications so far, compared with the 2013-2014 recruitment period.
• Over 700 positions were unfilled due to graduate cancellations or Last-minute increases in employers’ recruitment targets.

Average Salaries for Graduate Jobs – Discussion

• Graduate Job 2015 salaries vary hugely. Largely dependent upon Sector and location.
• Investment banking and Law offer the highest starting salaries of approxiamtely £45,000 & £38,000. Public Sector and Retail Medians are around the lowest at £23,000 & £24,000.
• Highfliers suggest it will be around £30,000, however this covers the top 100 employers. These are largely graduate schemes and have a big London weighting.
• In summary and probably more realistically it is expected that the average graduate will start on between £18,000 and £25,000 in 2015. HECSU stated in September 2014 that, “Average salaries of graduates employed full-time in the UK ranged from £18,615 to £22,785, depending on their occupation”.

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In our ‘Graduate Career Services & Graduate Employment Resources’ section there’s lots of articles. There’s advice on finding graduate vacancies, graduate CV & cover letter writing, and passing graduate interviews and assessments. There is also an in-depth graduate career path resource.