New research has found that more graduates are being hired in the UK, according to recsoc.org.
The data, which was captured by company High Fliers Research, questioned 100 of the largest organisations about their intentions when it comes to employing graduates. These included well-known companies such as Marks & Spencer, Apple and MI5.
Results showed that the companies had increased graduate recruitment by 4.6 per cent. This means that hiring of graduates for jobs in London, as well as the rest of the UK, is now at its highest level since 2008.
Graduate employment was greatest in the public, armed forces and engineering sectors. Plus, out of the 17,000 workers employed by industrial companies, around 800 are graduates.
However, Martin Birchall, managing director of High Fliers Research claimed that although more graduates are being hired, competition is still fierce. He told guardian.co.uk: “Our latest research shows that competition for individual graduate jobs remains fierce, with employers receiving an average of 46 applications per vacancy this year.”
Employers are becoming increasingly stringent with their minimum requirements, too, with the survey finding that three-quarters of recruiters said that a 2:1 degree or above is is a must; seemingly a way for businesses to separate the wheat from the chaff.