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Graduate job opportunities are expected to rebound for students in 2013 reaching a five-year high, according to The Graduate Market in 2013 report. Their latest study shows that employers have exceeded expectations and recruited +4.6 more graduates to start work in 2013, compared with the same period last year.
The best performing sectors were in consumer goods increasing +22.6%, and media roles increasing +20% compared with last year. There has also been a substantial increase in graduate vacancies for engineering & industrial companies (+11.7%), public sector organisations (+18.6%), and the Armed Forces (+19.8%).
Graduate job numbers have been decreasing in retail, falling by -16%, and banking declining -9.4%. IT & telecommunications graduate opportunities fell by -3.3%, as did consulting graduate jobs -1.7%.
7% of employers taking part in the survey reported that they intend to recruit more than 50 graduates over their initial graduate recruitment positions. 28% responded that they expect to recruit up to 50 graduates more than expected. 32% of respondents, however, will recruit fewer graduates than expected.
Employers now expect graduates to meet a minimum degree requirement of an upper second class award (2:1). Irinically, none of the respondents had a minimum first class degree requirement and 16% had no academic requirement at all. Most graduate recruiters use competency or behavioural-based interviews, but over a third conduct skills-based or strengths-based assessments.
Salaries for graduate roles remained static, hovering at £29,000, the same level since 2010. Top employers in the Investment Banking industry pay the highest average salary of £45,000, with the public sector paying the lowest with £22,000.
To view the full report, please click here.