380,000 graduates heading for underemployment in 2019

  • Recent figures show that almost half of the UK graduates in 2019 won’t get a graduate-level job and will remain underemployed.

    About 800,000 students will graduate this year in the UK.

    380,000 of them will be underemployed, taking jobs that do not require a degree.

    Of the 420,000 graduates who do land a graduate-level job, 250,000 will be within tech/digital and IT roles.

    This data has been compiled by the graduate coaching company, Graduate Coach.

    They have successfully coached 500+ students and graduates helping them to secure graduate-level jobs at a wide range of organisations including Deloitte, Google, IBM, The NHS and more.

    In response to these findings, Graduate Coach has collaborated with CV-Library to commission research to gain a better understanding of why graduates are struggling to find graduate jobs that match their level of education.

    A survey of 1500 graduates revealed:

    90% found it difficult to work out what job would suit them best
    86% found it difficult to write a good CV
    85% find interviews difficult and nerve-wracking
    85% admitted needing work experience before entering the workforce.

    Chris Davies, the founder of Graduate Coach said: “This is a sad reality for the graduates and the country because it involves wasted potential.”

    “There are three main reasons why the 48% of graduates will fail to get suitable work: They don’t know which careers will suit them best, they cannot write good achievement-based CVs and need to acquire interview skills.”

    Chris has been coaching students, graduates and career changers for the past decade.

    The Office for National Statistics (ONS) says 31% of current graduates are overeducated for the jobs they are doing: “"A person can be overeducated if they possess more education than required for the job.”

    Graduates in arts and humanities were more likely to be under-using their education, according to the ONS.

    Keep up-to-date with all the latest graduate jobs and opportunities in the tech, IT and business world via Sync NI’s job page and subscribe to our newsletter for more info.

     

    Photo (c) Pexels

    About the author

    Niamh is a Sync NI writer with a previous background of working in FinTech and financial crime. She has a special interest in sports and emerging technologies. To connect with Niamh, feel free to send her an email or connect on Twitter.

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