GRADUATE JOB MARKET IN UK City
Graduate Job Market in UK 5
GRADUATEJOB MARKET IN UK
GraduateJob Market in UK
Everyyear, about 350, 000 people in the United Kingdom graduate fromUniversities. There are also graduates from other parts of Europe whocome to the UK in search of employment. Graduates who leaveuniversity experience a lot of competition as they look for jobs.Statistics indicate that every year there has been an increase in thenumber of job applications. Students apply for jobs even beforeleaving university, with most of them applying during the final yearof their study. Most graduates have high expectations that they willget well-paying jobs upon graduation. This paper discusses the UKgraduate job market and highlights the skills employers look for whenhiring.
Thegraduate job market in the United Kingdom is determined by thedifferent sectors of the economy. The sectors experience growth basedon the changes taking place within an industry. Graduates should beaware of the sectors that experience fast growth, as well as theskills needed by most employers. The 2007 global financial crisisaffected some sectors in the UK economy and lead to massive layoffsin certain industries. However, some sectors that offer jobs for thegraduate market have recovered since the recession ended. Recruitmentin the construction, energy, transport, and business consulting,manufacturing and telecommunications sectors has improvedsignificantly. As a result, graduates with skills that are suitablefor jobs in these sectors have been at an advantage while applyingfor jobs (University of Leeds Careers Centre 2017, p. 1).
Trendsindicate that there has been an improvement in the job market forfinancial institutions based in London. The number of graduatesjoining the financial services sector has increased in the last fewyears. This can be attributed to favorable economic conditions thatallow firms offering financial services to conduct thrivingbusinesses. There has been a drop in the rates of unemployment, andthis signals growth in the graduate job market. The number ofemployees in professional occupations continues to increase since2012. The increase in graduate vacancies has resulted from thecreation of many jobs in the formal sector. Despite the improvementin the job market, competition is high when one wants to be enrolledfor graduate programs. The recruitment process is rigorous and onlythose graduates who have successfully undertaken their internshipsqualify for employment (University of Leeds Careers Centre 2017, p.3).
Employerslook for some skills before recruiting graduates to work inorganizations. For entry-level graduate positions, employers requireapplicants to have worked for an organization during vacations orthrough placement. Graduates without any work experience have lowchances of being shortlisted for a job interview. Moreover, it isessential for an applicant to have undertaken an additional coursewhile in the University. Those with additional academicqualifications stand a better chance of being employed. UK employersalso look for technical and practical skills while interviewing jobapplicants (Moskal 2015, p. 10). Graduates with such skills haveproblem-solving abilities and are preferred by recruiters.Communication skills and team-work skills are also vital for thoseseeking employment in the United Kingdom.
Fromthe discussion above, it is clear that the graduate job market in theUK has improved significantly. Recently, there has been an increasein graduate jobs, and this gives opportunities to students who wishto become employed. With the high number of graduates from UKuniversities, there is competition in the job market. Therefore, onlygraduates with the necessary qualifications and skills have highchances of getting jobs. Employers look for skills such as previouswork history and the practical abilities of the applicants. Teamworkskills and the ability to communicate effectively are also crucialskills in the UK job market.
Moskal,D. L. 2015. GettingAhead in the Job Market.London, Lulu.com.
Universityof Leeds Careers Centre. 2017. TheUK Graduate Job Market [Online].Available at:http://careerweb.leeds.ac.uk/info/56/job_market_trends/234/the_uk_graduate_job_market[Accessed 5 Apr. 2017]
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