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Stephen Isherwood, Chief Executive at the Institute of Student Employers, responds to the publication of the Migration Advisory Committee report on the impacts of international students in the UK.
Completing a part-time degree in your late 30s is associated with an increase in lifetime earnings of up to £377,000 in cash terms, a new study commissioned by the Open University shows.
Following encouraging comments from universities minister Sam Gyimah on Universities UK's call for the re-introduction of a post-study work visa, Professor Sir Keith Burnett, the outgoing President and Vice-Chancellor of the University of Sheffield who co-founded the #WeAreInternational campaign with the President of the Sheffield Students' Union in 2012, argues that now is the time for the government to back up its welcoming words for international students with a welcoming policy change.
University UK's annual conference, held at Sheffield Hallam University, kicked off the academic year with speeches and debates on a wide range of burning issues, including Brexit, fees and funding, overseas students, public perceptions of HE, value for money, freedom of speech, and student mental health. HEi-know asked Higher Education Policy Institute Director Nick Hillman, Staffordshire University Vice-Chancellor Professor Liz Barnes, and Lancaster University Vice-Chancellor Professor Mark Smith, to give their personal perspectives on the event and its themes.
The financial services industry continues to be the main recruiter of university graduates into professional employment, according to new rankings.
For the second year running, PricewaterhouseCoopers heads the Complete University Guide table of employers recruiting from among the 2013/14 output of graduates, with last year’s runner up, the pharmaceuticals and retail giant Boots, still in second place.
PwC dramatically increased its intake, to around 530 graduates from around 370 in the preceding year.
And three other financial services companies dominate the top of the table – Deloitte third with 320, KPMG fourth with 235 and Ernst & Young fifth equal with Specsavers, recruiting 230.
TheCompleteUniversityGuide.co.uk analysis of the Destination of Leavers from Higher Education (DLHE) survey shows Boots recruited some 365 graduates.
Jaguar Land Rover (seventh) climbs two places to become the highest placed representative of manufacturing industry in the top ten recruiters. Rolls-Royce, which was seventh last year, falls back to tenth position.
With an intake of around 175 graduates, Enterprise, the diverse civil engineering and maintenance company, is in eighth place.
The Metropolitan Police, which becomes the largest public sector recruiter of graduates to professional-level employment, is equal eighth. The Met overtakes the British Army, which falls back to 15th, equal with Tesco, the second highest placed retailer after Specsavers.
Only the top 20 employers filled in excess of 100 posts each, according to the DLHE, with a combined total of more than 3,870 recruits to professional level work.
The analysis, covering more than 1,300 potential employers, excludes new graduate start-up businesses and smaller companies with fewer than four graduate recruits. Doctors, dentists and nurses are also excluded because they would normally seek employment within the NHS.
Regional data shows that the public sector remains an important employer of graduates in many regions.
In the North East ten of the 17 recruiters of ten or more graduates are in the public sector and, of these, seven are local councils, while another of the top recruiters is the charity Teach First, a number of whose employees will be working in maintained schools.
In Scotland, nine of the 22 organisations recruiting 20 or more graduates are in the public sector, and eight are local authorities. The ninth is Police Scotland.
In Wales six of the 15 organisations recruiting ten or more graduates are in the public sector. The biggest recruiter is Aberystwyth University (some 25 posts), with Cardiff University (15 posts) second equal with Cardiff City Council. The others are two other local authorities (Carmarthenshire County Council and Newport City Council) and the Office for National Statistics (all with some ten recruits each).
Even in the South East, eight of the 20 recruiters of 20 graduates are in the public sector. The largest is the British Army with 95, followed by Hampshire County Council (50), Kent County Council (40), Southampton Solent University (35), the University of Oxford (30), Thames Valley Police (25), and Surrey and West Sussex County Councils (20 each). Together they account for more than 300 of the posts for graduate professionals in the region.
Dr Bernard Kingston, principal author of TheCompleteUniversityGuide.co.uk, said: “This analysis gives students thinking about their careers after university an evidence-based picture of the companies and organisations that recruit graduates into professional jobs, both nationally and, importantly, regionally.
“The data are derived from returns by graduates, and their declared destinations have not been confirmed by the employers themselves. Nevertheless, we believe it is a valuable service for young people looking for graduate level employment in extremely challenging times.”
Top Graduate Employers
Ernst & Young
Jaguar Land Rover
Lloyds Banking Group
British Broadcasting Corporation (BBC)
Ministry of Defence (MOD)
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