Job Market Monitor
graduates
Shanghai / Grads struggle to find good job
A majority of university and college students set to graduate in the city next month are still looking for a job due to the grim employment situation. Only 29 percent of 178,000 students who are to graduate this June have signed an offer, been admitted to postgraduate studies or decided to study abroad as of … Continue reading
US / 41% of college grads overqualified for what they do
College just isn’t worth what it used to be. A survey out Tuesday found that 41% of college graduates from the last two years are stuck in jobs that don’t require a degree. Consulting firm Accenture talked to 1,005 students who graduated from college in 2011 and 2012 and haven’t returned to graduate school. In … Continue reading
US / unemployment rate for the 2011 cohort of recent college graduates was 12.6 percent
Every year, thousands of recent graduates of colleges and universities across the United States enter the labor force with newly minted degrees and high hopes about their employment prospects.1 In October 2011, 74.5 percent of the 1.3 million 2011 recent college graduates were employed, according to data from the Current Population Survey (CPS). The unemployment … Continue reading
Australia / PhDs Graduates struggle to find employment in their field
A report into the job prospects of Australian PhD students has found that many struggle to find employment in their field when they graduate. The students say they get stuck in the middle of being too highly educated for some jobs, but not experienced enough for senior research roles. Transcript (Audio Podcast) TONY EASTLEY: A … Continue reading
UK / The fit between graduate labour market supply and demand
In The fit between graduate labour market supply and demand, Gaby Atfield and Kate Purcell examine 3rd year UK undergraduate degree final year students’ perceptions of the skills they have to offer and the skills employers seek. Main findings As they approached the end of their undergraduate courses, over 80% of respondents believed that they have the skills employers are likely to be … Continue reading
European Universities / An ‘F’
Outmoded teaching, overcrowded classrooms and even broken windows are common complaints by both teachers and students at French universities – even the Sorbonne, one of Europe’s oldest and most illustrious schools. Classes often begin with a hunt for spare chairs as classrooms built for 20 students regularly pack 40 or more. Sometimes students are forced … Continue reading
Gender Wage Gap Grows At Elite B-Schools finds Bloomberg
Exclusive new research from Bloomberg Businessweek has found that the pay gap among graduates of elite business schools, virtually non-existent a decade ago, is widening. Women now earn a nickel less than they used to in their first post-MBA jobs for every dollar earned by men. And those are the lucky ones. At about a … Continue reading
University of Northampton pushes ‘employability skills’, only 4 % of its undergraduates unemployed
The University of Northampton is one of England’s younger universities: it only won the status in 2005. But it is also top of the league when it comes to getting its students into work. In 2010-11, six months after leaving the university, only 4 per cent of its former undergraduates were unemployed. Explaining its success, … Continue reading
Job Search Tool / Gradspring is for recent college graduates
College graduates have come to understand the stress and competitiveness of the job market all too well, and bridging the gap between college grads and companies has become a job in itself. Gradspring, an online job board and career resource for new graduates, might be the solution for students seeking post-graduation employment. More than 3,000 … Continue reading
Graduate employability / Heading for a working life of 10,000 days
We’re sleepwalking into a crisis. There is much talk of the ‘lost generation’ of frustrated, angry, debt-ridden 20-somethings with diminishing career prospects. Yet employers continue to wring their hands as they pore over inadequate job applications or realise they’ve hired graduates with little grasp of what the world of work actually requires of them. So … Continue reading
China / 8 percent of the 7.58 million graduates students who graduated in 2011 have not yet found jobs
The millions of college students who graduate in China each year now face this hard reality: a college diploma no longer guarantees a good job. According to a Hong Kong economist, there is no easy fix, as structural problems with China’s manufacturing-based economy limit the need for higher education. Educators, analysts, and the state-run press … Continue reading
Graduates | Take Care About Job Scams
The job market has stayed pretty tight since the 2008 financial crisis (particularly for those without an advanced degree), and many people are so hard up they’re eager to believe in whatever opportunities come along, even if they smell a little fishy. This is a mistake. It’s not just that you could end up working … Continue reading
Canada | Some 40 pc of Canadian university graduates aged 25 to 29 are employed in low-skill jobs
Canada’s skills gap has been brought into increasing focus by the large numbers of unfilled jobs which coexists with high youth unemployment. Last summer, a report commissioned by the Canadian Council of Chief Executives stated that Canada is falling behind in the global skills race. The answer, according to many university presidents, is more money … Continue reading
Brit Grads – 40% failing to get graduate-calibre posts
Britain’s graduates face an increasingly challenging jobs market, with 40% failing to get graduate-calibre posts more than two years after leaving education, around twice the proportion of their peers a decade earlier, according to a study of recent ex-students’ career paths. Overall, the vaunted graduate salary premium, a key argument in persuading would-be students to … Continue reading
Harvard – MIT produce most ’employable’ graduates
Harvard topped the chart of universities around the world that were ranked based on the “employability” of their graduates. MIT ranked seventh worldwide, while Boston University ranked 17th. The chart, entitled “What the job market wants,” was published today by the New York Times, which said an online survey was compiled by Emerging, a human … Continue reading
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