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The job market for Masters postgraduates, autumn 2013

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The job market for Masters postgraduates, autumn 2013

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This is part of our Essential Guide to Careers for Postgraduates from the University of Manchester Careers Service, and looks at the job market for Masters postgraduates in autumn 2013

This is part of our Essential Guide to Careers for Postgraduates from the University of Manchester Careers Service, and looks at the job market for Masters postgraduates in autumn 2013

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The job market for Masters postgraduates, autumn 2013

  1. 1. Job Market for Masters Postgraduates, Autumn 2013 Elizabeth Wilkinson University of Manchester Careers Service
  2. 2. What I’ll cover • Today’s job market – “Top” graduate recruiters – Recruiters targeting University of Manchester students – Global labour markets • What UK employers think of Masters postgrads • Which jobs to target • When to start your job search
  3. 3. Future? • High Fliers Research – Graduate Review, Summer 2013 – “Top” graduate employers – the big names – Only accounts for ~17,000 graduate jobs (around ½ million new FT grads in UK each year) • So, how bad is it …?
  4. 4. High Fliers, June 2013 http://www.highfliers.co.uk/download/GMReview13.pdf
  5. 5. What are the odds? The vacancies Accounting & professional services Public sector Investment banking Engineering & Industrial Retailing Armed forces Banking & finance Law IT & telecommunications Consulting Oil & energy Consumer goods Media 3955 2988 2343 1343 1220 1212 793 785 610 609 556 353 294 High Fliers, June 2013 http://www.highfliers.co.uk/download/GMReview13.pdf
  6. 6. The Good News … • Over 670 ads, for full-time jobs on CareersLink • More than Milkround, Target or Prospect • 48% from SMEs
  7. 7. Global job markets? Going Global Details of local job market for 40 countries • “Global mindset” – sought by half of large UK graduate recruiters in recent AGR survey • www.manchester.ac.uk/careerslink
  8. 8. Why Should An Employer Want A Masters Postgrad? • 2010 CIHE report, 100 UK senior managers • 7 out of 10 looked for Masters Loved Analytical skills (92%) Specialist knowledge (80%) Research/technical skills (79%) Liked New ideas & ability to innovate (74%) So-so Maturity (54%) Leadership potential (50%) Not convinced… Guaranteed high calibre candidate (30%) CIHE report: Talent Fishing http://www.cihe.co.uk/talent-fishing-what-businesses-want-from-postgraduates
  9. 9. Which jobs to target? • “Masters/Postgraduate Entry Schemes” – rare in UK, more common elsewhere • “Graduate Entry Schemes” – competitive, may be fast track to management, generally accept Masters – Sometimes a second step • Direct entry – where the majority find jobs
  10. 10. When to start looking ... • Large organisations, graduate schemes – Often recruit once a year, often now • Smaller organisations, “one-off” jobs – Recruit closer to when they need you www.manchester.ac.uk/careers/pg

Editor's Notes

  • 497,270 Full-time new grads 2011/12 (plus 163,960 part-time new grads)352,165 UK110,415 Masters13,750 PhD
  • Public sector includes 1300 grads for Teach First, NHS (though don’t think it includes doctors, dentists, nurses etc), Civil Service Fast StreamOnly accounts for around 17,000 grad jobs – there are half a million new graduates each year in the UK ...
  • Updated talk from 2011 – “300 ads on Careerslink” -> “675”Organisation directory7,850 organisations4750 are under 250 peopleVacancies – cfTarget – 552Prospects – 250Milkround – 442

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