the job market for masters postgraduates, autumn 2013
DESCRIPTION
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 2013TRANSCRIPT
Job Market for Masters Postgraduates,Autumn 2013
Elizabeth WilkinsonUniversity of Manchester Careers Service
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
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 …?
High Fliers, June 2013http://www.highfliers.co.uk/download/GMReview13.pdf
What are the odds?
Accounting & professional services 3955
Public sector 2988
Investment banking 2343
Engineering & Industrial 1343
Retailing 1220
Armed forces 1212
Banking & finance 793
Law 785
IT & telecommunications 610
Consulting 609
Oil & energy 556
Consumer goods 353
Media 294
The vacancies
High Fliers, June 2013http://www.highfliers.co.uk/download/GMReview13.pdf
The Good News …
• Over 670 ads, for full-time jobs on CareersLink
• More than Milkround, Target or Prospect
• 48% from SMEs
Global job markets?
Going GlobalDetails 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
Why Should An Employer Want A Masters Postgrad?
• 2010 CIHE report, 100 UK senior managers• 7 out of 10 looked for Masters
LovedAnalytical skills (92%)
Specialist knowledge (80%)Research/technical skills (79%)
LikedNew ideas & ability to
innovate (74%)
So-soMaturity (54%)
Leadership potential (50%)
Not convinced…Guaranteed high calibre
candidate (30%)
CIHE report: Talent Fishinghttp://www.cihe.co.uk/talent-fishing-what-businesses-want-from-postgraduates
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
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