CAREERS AND EMPLOYABILITY Julia Hilton, Careers Adviser University of Oxford

Agenda A graduate employability quiz! Trends in the graduate jobs market – DLHE – KIS Careers Services and useful resources

A graduate employability quiz!

Question 1 Which organisation is on track to become the largest recruiter of graduates in the UK in 2014? a)PwC b)Deloitte c)Enterprise Rent-a-car d)Teach First

Question 2 All graduates who go on to work as a software developer have a Computer Science degree True or False?

Question 3 What happened to the number of graduate jobs in ? a)Fell by 5% b)Fell by 2.5% c)Stayed the same d)Rose by 2.5% e)Rose by 5%

Question 4 Most ‘City’ Law firms only recruit Law undergraduates. True or False?

Question 5 The highest published graduate starting salaries for 2014 are £41,500 and £41,000. What employers are offering this? a)Barclays and Deutsche Bank b)European Commission and Aldi c)Deloitte and PwC

Question 6 What % of this year’s graduate positions are expected to be filled by students who have already worked for the organisation? a)10% b)20% c)30%+

Question 1 Which organisation is on track to become the largest recruiter of graduates in the UK in 2014? a)PwC b)Deloitte c)Enterprise Rent-a-car d)Teach First The largest recruiters of graduates in 2014 will be Teach First (1,550 vacancies), PwC (1,200 vacancies) and Deloitte (1,000 vacancies). Last year Enterprise Rent-a-Car (who used to be the largest recruiter) hired Answers

Question 2 All graduates who go on to work as a software developer have a Computer Science degree True or False? False! Employers like IBM and even small ones like Softwire offer £30k+ starting salaries for graduates without programming experience. (There’s a national shortage of Computer Scientists: they’re even more highly sought after) Answers

Question 3 What happened to the number of graduate jobs in ? a)Fell by 5% b)Fell by 2.5% c)Stayed the same d)Rose by 2.5% e)Rose by 5% It rose by 2.5%, and next year is predicted to increase by a further 8.4% (the biggest rise in 4 years). Answers

Question 4 Most ‘City’ Law firms only recruit Law undergraduates. True or False? False! Most ‘City’ firms accept over half of their graduate intake every year from subjects other than Law – and typically fund them through their GDL (‘conversion course’) and LPC (legal practice course). Answers

Question 5 The highest published graduate starting salaries for 2014 are £41,500 and £41,000. What employers are offering this? a)Barclays and Deutsche Bank b)European Commission and Aldi c)Deloitte and PwC It’s b) – the European Commission and Aldi. Although, investment banking divisions offer a median of £45,000, the wider banking and finance sector has a median of £33, Answers

Question 6 What % of this year’s graduate positions are expected to be filled by students who have already worked for the organisation? a)10% b)20% c)30%+ It’s c) – 37% of vacancies will be filled by those who have done paid internships, industrial placements or vacation work, and so aren’t open to the rest of the graduating students. Answers

The Graduate Market

The Headlines

Some facts... In April to June 2013 graduates were more likely to be employed than those who left education with qualifications of a lower standard. Non-graduates aged 21 to 30 have consistently higher unemployment rates than all other groups and have much higher inactivity rates than recent graduates. Over 40% of graduates worked in the public administration, education and health industry. Annual earnings for graduates reached a higher peak at a later age than the annual earnings for non-graduates. Graduates from the top UK universities earned more than graduates from other UK universities. Graduates in the Labour Market 2013, ONS

Today’s graduate market Todays graduate market is much more complex. The biggest growth in vacancies is expected at public sector employers, accounting & professional services firms, City investment banks, retailers and engineering & industrial companies which together intend to recruit almost 1,200 extra graduates in Degree discipline isn’t as important as it once was.

KIS data DLHE data Reported from 80% of UK leavers, 55% EU, 6 months out Longitudinal reported from 13.2%, 3 years out

KIS employability data Pros Same survey for all unis High numbers of responses 6 months out Gives students access to more data for their decisions Cons Needs to be viewed critically Some sectors don’t start with high salaries /managerial roles 6 months in! Small sample sizes can lead to misleading data Not broken down by sector

Universities publish more:

Speculative Applications Crucial for a number of sectors e.g. Media, Marketing, Arts & Heritage Useful employability skill to develop regardless of university background 29% of Oxford graduates found employment via networking, speculative applications or personal contacts Alumni networks & LinkedIn increasingly important Information interviewing key for researching SMEs

Careers Services and Support What is on offer?

I don’t know what skills I have or what I want to do I know what skills I have but I’m unsure about sectors & roles I know which role and which sector but need applying Taking action Decision making Self awareness Occupational awareness Guidance Model Students often present the following:

Target Jobs Careers Report Prospects Planner National Careers Service Skills Health Check Books e.g. How to get a Job You’ll Love University specific: Oxford Careers Workbook Brookes: Career Fog, Skills Audit Bucks – Job Savvi Grad (Skills Evaluator) Self Awareness Resources

Career Briefings: Available on- line or to take away Career briefings online Opportunity Awareness Resources

occupations/what-alumni-have-done/ latest.pdf

Opportunity Awareness Resources

Taking Action

RIASEC Party – John Holland 3 Minute Motivator – John Lees Dream Future – WP Team, University of Oxford Alumni Quiz Careers Education

What do your students need? A lack of resources makes 1:1 Careers Advice challenging to deliver, how can we work together? Off-the-shelf resources? Podcasts on hot topics? Multi-school events? What else? Careers Education

Useful resources

Questions?