Graduate Recruitment Trends

Some good news from a recent survey:

– The UK¹s leading employers are expecting to increase their graduate recruitment by 9.4% in 2011 and three-fifths of employers expect to recruit more graduates in 2011 whilst a quarter plan to maintain their intake at 2010 levels.

– The leading accountancy & professional services firms are intending to hire almost 10% more graduates than in 2010, an increase of more than 350 trainees year-on-year. There will also be substantial increases to the graduate intake at the City¹s top investment banks (up 12.2% compared to 2010) and the high street banks (up 24.8%).

– The largest recruiters of graduates in 2011 will be PricewaterhouseCoopers (1,200 vacancies), Deloitte (1,000 vacancies), KPMG (900 vacancies), the Teach First scheme (780 vacancies) and Ernst & Young (740 vacancies).

– A quarter of top graduate programmes will pay new recruits a starting salary of more than £30,000 when they begin work and seven organisations are offering at least £40,000 to this year¹s graduates. Public sector employers (average of £22,200), retailers (average of £24,000) and engineering & industrial companies (average of £24,500) have the lowest graduate pay rates for 2011.

– Three-fifths of employers are providing industrial placements for undergraduates (typically for 6-12 months) or vacation work lasting more than three weeks. However, nearly two-thirds of recruiters caution that graduates who have had no previous work experience at all are unlikely to be successful during the selection process and have little or no chance of receiving a job offer for their organisation’s graduate programmes.

Source: Highflyers