Nearly half of recent graduates in employment
43% of recent graduates have found full-time employment in the career of their choice since leaving university, according to a 2015 Graduate Survey.
The survey, which was carried out by the Insight Team at NUS and surveyed 1,448 young professionals who had left university within the last four years, also found that a further 6% of graduates work part time in the career of their choice; while 22% work full time and 12% part time in a profession which was not their chosen career. 15% are still looking for a job while 4% stated they have used to the time to go travelling.
Of those who had found employment within a year of graduation, Endsleigh’s research found that 30% started on £12,000 a year or less, while almost one in ten (9%) were initially unpaid. 27% earned between £12,000 and £19,000, nearly a third (29%) earned between £19,000 and £30,000. 3% of these graduates earned more than £30,000 a year.
The survey also asked those who had been in employment for longer than a year how much they were currently earning, finding that only 12% were now paid £12,000 or less a year, while only 2% were currently unpaid. 24% of those had been working longer than a year were paid between £12,000 and £19,000, while 43% were paid between £19,000 and £30,000. 10% of these graduates earned more than £30, 000 a year.
When it came to expected pay rises, 26% of all graduates questioned envisage an increase of up to £5,000 over the next five years, over a quarter (27%) think they will get between £5,000 and £10,000, while 27% also believe they will get more than a £10,000 increase in their salary. Only 5% don’t think they’ll get a pay rise at all over the next five years.
In terms of their career development, 31% of graduates felt their career was progressing as expected, while 26% indicated it was progressing better than that had expected. However, 33% claimed that their career was developing more slowly or even worse than expected, with nearly a third (29%) of unpaid graduates believing they would have been in paid employment by now.
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