According to essays
of 100 recruiters, more than a third of graduate jobs will be filled by those who worked for their employers as undergraduates. Many employers say that it is almost impossible for undergraduates to get a job without work experience. Almost half of jobs at law firms will go to those who have already gotten work experience there. Speaking of the investment banking, this figure equals to 53%.
The survey was conducted by High Fliers Research and its managing director, Martin Birchall, said: "It's not enough just to have a good degree. They need to have business and essay writing
skills. Employers want them to be able to hit the ground running. Increasingly, especially in areas like investment banking, employers offer summer internships and if things go well they make a job offer at the end of that summer holiday."
The research found that more than three-fifths of firms providing jobs for graduates
prefer to offer a job on the basis of degree courses or summer internships. Although there was a sharp recruitment crisis between 2008 and 2009, the graduated market began stabilizing in autumn. This year the number of graduates expected to be applied for the job is 9.4% which is more than in 2010. The jobs are mainly provided to graduates in such spheres as banking, IT and consulting.
This year Teach First is expected to be the fourth biggest graduate recruiter, offering 780 vacancies and yielding to PricewaterhouseCoopers, Deloitte and KPMG. The starting salary for new employees will be on average £29,000 a year. The survey suggests that there will be more than 45 applicants for each vacancy this summer.
The universities minister, David Willetts, said: "Whilst we welcome signs of an improvement, the job market remains competitive for new graduates, as it does for everyone, and graduates need to work hard to maximise their chances of success. However, a degree remains a good investment in the long-term".