The job market for Masters postgraduates, autumn 2013

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