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Annual review of graduate vacancies & starting salaries at Britain’s leading employers - page 10 / 38

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The Graduate Market in 2011

Graduate Vacancies in 2010 By comparison with the considerable reductions in graduate recruitment in 2008 and 2009, the employment prospects for university-leavers improved considerably in 2010. A new mood of optimism amongst the UK’s leading employers meant that many of the best-known organisations stepped-up their graduate programmes during the course of the 2009-2010 recruitment round.

R e c r u i t m e n t t a r g e t s f l u c t u a t e d a l i t t l e a t d i f f e r e n t p o i n t s d u r i n g t h e r e c r u i t i n g s e a s o n b u t t h i s r e s e a r c h c o n f i r m s t h a t a t o t a l o f 1 5 , 5 6 3 g r a d u a t e s s t a r t e d w o r k w i t h o r g a n i s a t i o n s f e a t u r e d i n T h e T i m e s T o p 1 0 0 G r a d u a t e E m p l o y e r s i n t h e a u t u m n o f 2 0 1 0 , a 1 2 . 6 % i n c r e a s e o n t h e n u m b e r o f g r a d u a t e s h i r e d i n 2 0 0 9 . I n a l l , f o r t y - s e v e n e m p l o y e r s s t e p p e d - u p t h e i r g r a d u a t e r e c r u i t m e n t d u r i n g 2 0 1 0 a n d a f u r t h e r t h i r t e e n o r g a n i s a t i o n s m a i n t a i n e d t h e i r i n t a k e a t 2 0 0 9 l e v e l s . M o r e t h a n a t h i r d o f o r g a n i s a t i o n s d i d , h o w e v e r , r e d u c e t h e i r r e c r u i t m e n t , a l b e i t b y f e w e r t h e n f i f t y p o s i t i o n s a t t h e m a j o r i t y o f e m p l o y e r s . T h e b i g g e s t g r o w t h i n v a c a n c i e s w a s a t t h e a c c o u n t i n g & p r o f e s s i o n a l s e r v i c e s f i r m s w h o c r e a t e d a n a d d i t i o n a l 7 2 4 t r a i n e e p o s i t i o n s i n 2 0 1 0 a n d a t t h e C i t y i n v e s t m e n t b a n k s w h e r e a n e x t r a 4 9 8 e n t r y - l e v e l j o b s w e r e a v a i l a b l e . T h e r e t a i l s e c t o r a l s o e x p a n d e d i t s r e c r u i t m e n t s i g n i f i c a n t l y , h i r i n g 5 0 % m o r e g r a d u a t e s t h a n i n 2 0 0 9 , a r i s e o f a l m o s t 4 0 0 e x t r a p o s t s . G r a d u a t e v a c a n c i e s i n c r e a s e d i n e l e v e n o u t o f f o u r t e e n i n d u s t r i e s a n d b u s i n e s s s e c t o r s d u r i n g 2 0 1 0 t h e o n l y e m p l o y e r s w i t h f e w e r g r a d u a t e j o b s o n o f f e r w e r e t h e A r m e d F o r c e s , l a w f i r m s a n d t h o s e i n t h e p u b l i c s e c t o r . T h e a c c o u n t i n g & p r o f e s s i o n a l s e r v i c e s f i r m s r e m a i n e d t h e l a r g e s t r e c r u i t e r s o v e r a l l , w i t h o v e r 3 , 7 0 0 p o s t s a v a i l a b l e i n 2 0 1 0 t w o o f t h e B i g F o u r f i r m s c o n f i r m e d t h a t t h e y h i r e d a r o u n d 1 , 0 0 0 g r a d u a t e s d u r i n g t h e y e a r a n d e a c h o f t h e o t h e r f i r m s i n c l u d e d w i t h i n t h e r e s e a r c h e x p a n d e d i t s i n t a k e t o o . D e s p i t e t h e r e c r u i t i n g f r e e z e i m p o s e d o n G o v e r n m e n t d e p a r t m e n t s a n d o t h e r p a r t s o f t h e p u b l i c s e c t o r a f t e r t h e e l e c t i o n i n M a y 2 0 1 0 , m u c h o f t h e p l a n n e d g r a d u a t e r e c r u i t m e n t f o r t h e s e o r g a n i s a t i o n s h a d a l r e a d y b e e n c o m p l e t e d f o r t h e 2 0 1 0 i n t a k e a n d w a s u n a f f e c t e d .

Chart 2.2 How Graduate Recruitment Targets Changed during 2010

Recruitment Targets for 2010 Published in September 2009

15,884

Recruitment Targets for 2010 Revised in January 2010

15,446

Recruitment Targets for 2010 Revised in July 2010

16,288

Actual Graduates Recruited in 2010 Confirmed in December 2010

15,563

0

5,000

10,000

15,000

20,000

Graduate vacancies at Britain’s top employers in 2010

Source - The Graduate Market in 2011

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