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Annual review of graduate vacancies & starting salaries at Britain’s leading employers - page 17 / 38

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The Graduate Market in 2011

C o m p a r i n g t h e g r a d u a t e r e c r u i t m e n t t a r g e t s f o r 2 0 1 1 w i t h t h e n u m b e r s h i r e d i n 2 0 0 7 s h o w s t h a t w i t h i n e i g h t i n d i v i d u a l 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 , g r a d u a t e v a c a n c i e s r e m a i n l o w e r t h a n b e f o r e t h e s t a r t o f t h e r e c e s s i o n ( s e e C h a r t 2 . 1 1 ) . T h e r e a r e a q u a r t e r f e w e r e n t r y - l e v e l p o s i t i o n s a t t h e C i t y i n v e s t m e n t b a n k s , c o m p a r e d w i t h f o u r y e a r s a g o a n d r e c r u i t m e n t a t t h e m a j o r e n g i n e e r i n g & i n d u s t r i a l e m p l o y e r s i s a t h i r d l o w e r t h a n i n 2 0 0 7 . T h e w o r s t - h i t s e c t o r r e m a i n s c h e m i c a l & p h a r m a c e u t i c a l s w h e r e t h e r e a r e n o w v i r t u a l l y h a l f t h e n u m b e r o f g r a d u a t e j o b s t h a n b e f o r e t h e d o w n t u r n . B y c o n t r a s t , g r a d u a t e r e c r u i t m e n t a t t h e h i g h s t r e e t b a n k s , l e a d i n g r e t a i l e r s a n d t h e t o p m a n a g e m e n t c o n s u l t i n g f i r m s h a s a c t u a l l y i n c r e a s e d b y b e t w e e n a q u a r t e r a n d a t h i r d d u r i n g t h e l a s t f o u r y e a r s . P u b l i c s e c t o r e m p l o y e r s , I T & t e l e c o m m u n i c a t i o n s f i r m s a n d c o n s u m e r g o o d s m a n u f a c t u r e r s h a v e a l s o r e c o r d e d a n e t i n c r e a s e i n t h e i r r e c r u i t m e n t o v e r t h e p e r i o d .

Chart 2.11 How Graduate Vacancies Changed 2007 to 2011, by Sector or Industry

Banking & finance

Up 33.5%

Retailing

Up 29.7%

Consulting

Up 28.5%

Public sector

Up 18.2%

IT & telecommunications

Up 8.5%

Consumer goods

Up 1.2%

Down 3.6%

Accounting & professional services

Down 4.0%

Armed Forces

Down 5.1%

Oil & energy

Down 14.3%

Law

Down 23.8%

Media

Down 24.7%

Investment banking

Down 37.9%

Engineering & industrial

Down 44.4%

Chemical & pharmaceuticals

  • -

    60

  • -

    40

  • -

    20 0 20

Percentage change in graduate vacancies between 2007 and 2011

40

60

Source - The Graduate Market in 2011

17

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