Summary
Competition for graduate jobs in the UK is at an all-time high, leading to fewer opportunities at large companies. Graduates are encouraged to consider local and smaller companies, which may have less competition and more job openings in certain areas. The UK government forecasts a need for more graduates in the coming years, highlighting the increasing demand despite current challenges.
Key Facts
- Competition for graduate jobs in the UK has reached a record high.
- Some major UK companies have reduced the number of positions in their graduate programs.
- Almost 950,000 people graduated from university in the UK last year.
- Applications for graduate jobs have increased by 15%, according to the Institute of Student Employers.
- The number of graduate roles advertised by some recruiters has dropped sharply, with a 70% decrease noted by one company.
- Some regional companies report a "skills shortage" and struggle to fill certain specialist roles.
- The UK government predicts a need for 11 million more graduates by 2035.
- Graduates are advised to consider job opportunities with smaller and local companies rather than focusing solely on large, multinational firms.
