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The Graduate Market in 2016

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The research is based on a survey of the organisations featured in ‘The Times Top 100 Graduate Employers’, conducted by High Fliers Research in late December.

The key findings presented in the report are: –

  • The number of graduates hired by the UK’s leading employers rose by 3.3% in 2015, a much smaller annual increase than had been expected. –
  • A sharp rise in the number of graduates turning down job offers or reneging on offers that they had previously accepted meant that over 1,000 graduate positions were left unfilled last year, reducing the graduate intake at almost a third of the UK’s leading employers. –
  • Employers plan to expand their graduate recruitment by a further 7.5% in 2016, the fourth consecutive year that vacancies have increased, taking the number of graduate jobs available to its highest-ever level. –
  • Employers in nine out of thirteen key industries and employment areas are expecting to take on more new graduates than in 2015. –
  • The biggest growth in vacancies is expected at public sector organisations, banking & finance employers, engineering & industrial companies and the Armed Forces. –
  • The largest individual recruiters of new graduates in 2016 are Teach First (1,870 vacancies), PwC (1,540 vacancies) and Deloitte (1,100 vacancies).
  • The median graduate starting salary on offer from the UK’s leading graduate employers is expected to remain unchanged at £30,000 in 2016 but graduate pay is set to rise at the top investment banks (median of £47,000 for 2016), law firms (median £41,000) and accounting & professional services (median £30,300). –
  • There is very little evidence that graduate starting salaries are rising in reaction to the introduction of higher university tuition fees – most employers that have opted to increase their graduate pay in either 2015 or 2016 appear to have done so in order to compete effectively with other employers recruiting graduates. –
  • More than 90% of the UK’s leading graduate employers are offering paid work experience programmes for students and recent graduates during the 2015-2016 academic year – an unprecedented 14,049 paid work placements are available. –
  • Recruiters have confirmed that they expect a third of this year’s full-time graduate positions to be filled by graduates who have already worked for their organisations, either through paid internships, industrial placements or vacation work.
  • As you may have already seen, the research was featured on the BBC this morning, as well as appearing in a number of national newspapers, including
  • the front page of the ‘i’: The Independent – http://ind.pn/1OzHJjR
  • Daily Telegraph – http://goo.gl/EwYKfq
  • The Times – http://thetim.es/1QhHHlg
  • ‘i’ – http://tinyurl.com/hu32mjo
  • The Scotsman – http://bit.ly/1RP0ki6
  • BBC News – http://bbc.in/1QhitDJ

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