Graduates searching for work around the UK must either gain or improve upon their work experience in order to obtain employment.
That’s according to the results of a survey undertaken by a recruitment research company, which showed that one in three graduate roles are being snapped up by those with significant work experience. Additionally, the results showed that this year, graduates will have access to only nine per cent more vacancies than in 2010, making the market just as competitive as ever.
However just as graduates are becoming competitive, so too are companies seeking fresh blood for their business.
In order to capture the best talent before anyone else does, it is thought companies throughout the UK have been presenting to various universities, as well as employing recruiters. These included the London School of Economics and University College London, who have targeted experienced individuals seeking jobs in London.
Meanwhile, the director behind the research, Martin Birchall, spoke to BBC News of the findings, which he has called “a stark warning” to graduates.
“In this highly-competitive graduate jobs market, new graduates who’ve not had any work experience during their time at university have little or no chance of landing a well-paid job with a leading employer, irrespective of the university they’ve attended or the academic results they achieve.”
Additionally, the minister for universities, David Willetts, told The Press Association: “Whilst we welcome signs of an improvement, the job market remains competitive for new graduates, as it does for everyone, and graduates need to work hard to maximise their chances of success.”
“However, a degree remains a good investment in the long term.”