Nearly 40 per cent of today’s graduates have not found a job six months after graduation while a quarter are still looking for work after a year, new research has found. Of the 676 graduates surveyed by totaljobs.com in December 2013, almost half regretted choosing an academic route instead of a something vocational. A third of graduates apply for more than 20 positions a month, according to the research conducted.
Figures released by the Office for National Statistics (ONS) last week revealed that the unemployment rate now stands at 7.2%. Nonetheless, an ONS report published last year showed 47 per cent of graduates in employment within six months of graduation were working in jobs which did not require a degree.
Mike Fetters, graduate director of totaljobs.com said: “Despite the economic upturn, graduates are still struggling to find work after university. Our research shows that many graduates are starting to wonder if they should have studied for a more vocational qualification as more effective route to employment. Although a degree is an essential qualification for some industries, school leavers need to think more carefully about which route to employment is best for them as some may be more suited to an apprenticeship scheme.”