Graduate market 2010: the good the bad and the ugly

Engineering vacancies are down, graduates from last year already have your jobs. There must be some good news?

OK. The bad news first.

1) Engineering vacancies for graduate positions this year are...  down. (Not by much: 2.1%, but then banking recruitment is going up by 30%. Insert appropriate swear word here: @!*:%$£”!)

2) A quarter of the jobs that were going to be offered in 2010 have already gone, to graduates from last year with deferred offers or who have been doing work experience and internships. (Insert swear word with strong modifier here: @!*:%$£”!  @!*:%$£”!)

3) Employers have already received this year far more completed application forms for jobs than last year.

4) At an average of £24,500, engineering and industrial employers offer the lowest graduate salaries out there. But then you knew that, didn’t you?

Now the good news (all this is from The Graduate Market in 2010, a report from recruitment consultants High Fliers.

1) Employers are optimistic about things getting better. Most say recruitment is going up this year, and will get better in 2011.

2) IT and telecoms expect to recruit a quarter more grads than last year (and average salary, at £29,500, isn’t too shabby).

3) Oil and energy also expect to recruit more people than last year (although it’s only a few percentage points above 2009 levels).

4) IT and telecoms (9.3%!), oil and energy, and engineering and industrial starting salaries have all gone up in the last year.

And the ugly? Look away now if you’ve got a weak constitution. IT and telecoms, engineering and industrial, and oil and energy all cratered last year in terms of jobs offered, and so any increase on 2009 stats, while welcome, is going to be relatively marginal. OK, here’s a tissue. Now go and work up your CV. Get some experience to talk about at interview. The economy needs you.

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