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Graduate Market Trends Jen Redman: HECSU Researcher Email: J.redman@hecsu.ac.uk Tel: 0161 277 5265 www.hecsu.ac.uk. This session we will look at…. Futuretrack – what motivates students to study at university? Popular myths about having a degree

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slide1

Graduate Market Trends

Jen Redman: HECSU Researcher

Email: J.redman@hecsu.ac.uk

Tel: 0161 277 5265

www.hecsu.ac.uk

this session we will look at
This session we will look at…
  • Futuretrack – what motivates students to study at university?
  • Popular myths about having a degree
  • What Do Graduates Do? – an overview of the graduate labour market in 2011
  • Outcomes inform incomes
  • Longitudinal Destinations data – Flexibility is the key
  • Real Prospects – You need more than numbers
  • Predicting the future – what we can and can’t tell you
futuretrack what motivates students to study
Futuretrack – what motivates students to study?

Most popular reasons for choosing to study a particular course were, interest in the course and employment or career-related reasons

Younger applicants were more likely to choose subjects they are good at or enjoy, and less likely to give instrumental, employment related reasons

Students most likely to give the option to get a good job applied to study: mathematics, computing, law and physical sciences

Those studying less vocationally oriented subjects like, history, languages and philosophy, were among the more likely to have given the desire

to study a particular subject as the reason to go to university

Taken from the Futuretrack Stage 1 report: applying to higher education (2008) Applying for higher education: the diversity of career choices, plans and expectations

popular myths about having a degree
Graduates only work for big businesses

All the graduate jobs are in London

All chemistry graduates become Chemists

All arts and design graduates end up working in retail and catering

Popular myths about having a degree

Data taken from 2010 HESA Destinations of Leavers from Higher Education data

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What do graduates do?

Outcomes of first degree and foundation degree graduates six months after graduation

26 first degree subjects and foundation qualifiers

284,165 first degrees were awarded to

UK-domiciled graduates last year

academic year.

Most graduates (70%) were working six months after leaving university

Unemployment was down to 8.5%

14% went into further study (mostly Masters)

Subjects having a tough time – IT, media, science subjects

Subjects faring better – sports science, law

slide6

New features for What Do Graduates Do?

What activities graduates are doing – the letters relate to the graph

Graph to show activity and how they can be grouped in media

Breakdown of course titles included in the economics graduates

Data from HESA Destinations of Leavers from Higher Education Survey 2009/10

slide7

New features for What Do Graduates Do?

Types of work graduates are doing

Examples of job title and companies

Top ten jobs that economics graduates are doing

Data from HESA Destinations of Leavers from Higher Education Survey 2009/10

slide8

Outcomes inform incomes

Some facts about the outcomes of graduates tell a positive story overall about the benefits of going to university:

In the final quarter of 2011, 86.0 % of all graduates were in work compared with 72.3% for non-graduates (ONS, 2012)

The ONS have analysed earnings data across the population (aged 22 to 64) between 2000 and 2010 and have concluded that degree holders, on average, earned £12,000 a year more than those without a degree (ONS, 2011)

Data taken from Office of National Statistics reports: Graduate earnings over the last decade – 2011 (April 2011) Graduates in the labour market – 2012 (March 2012)

slide9

A degree is as flexible as you make it!

Data taken from the HESA Longitudinal Destinations of Leavers from Higher Education survey Winter 2010/2011

real prospects 2011
Real Prospects 2011

Case studies are one way that prospective students can get a realistic expectation of post graduation and the journeys made by individual graduates

These examples of stories graduates told show how important it is that students engage more at university:

  • Some graduates leave university knowing what they want to do, but still trying to work out how to get there
  • Some graduates don’t know what they want to do and only find out what they enjoy through work
  • There are graduates who know exactly what they want to do and have worked out exactly what they need to do to get there

Information taken from the Real Prospects survey 2011

we can t predict the future
We can’t predict the future!

No amount of historical data can tell prospective students what the labour market will be like 3 to 4 years in advance of them graduating

We can trend data to tell us some useful things…

e.g. the recessions that occurred in 1983 and 1990 to 1992 were worse for graduate employment than the 2008/09 recession (this doesn’t count the dip that is currently ongoing)

BUT…remember to use other sources to verify and contextualise the information

we can
We can…

Use surveys and statistics to:

demonstrate just how flexible a degree is by using destinations information

give students ideas about the kinds of jobs that graduates from specific subjects go on to do

Use case studies to:

show what different individuals have done to get into employment they like and are satisfied in

give personal accounts of why they went to university and whether it was of benefit to them

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Graduate Market Trends

Jen Redman: HECSU Researcher

Email: J.redman@hecsu.ac.uk

Tel: 0161 277 5265

www.hecsu.ac.uk