Lack of Jobs Means Different Career Paths
Rising graduate numbers and a shrinking job market is forcing many graduates to either retrain or look for work outside of their field of study, a recent survey shows.
The survey, conducted by the Chartered Institute for Personnel and Development, showed that nearly 60% of recent graduates are not employed in a role which relates to their degree. Firms looking to cut costs are reducing the numbers in their workforce
or not opening up new positions, and more junior employees are often the first to go. Professions which call for students to specialise before they graduate are some of the hardest hit.
Speaking on the difficulties facing law graduates, Kevin Poulter of the Law Society said: "The jobs that you think are there aren’t". Specialists in property or finance law are finding there is currently little demand for their skills. He went on to point out that this is not deterring incoming graduates. "This year there were more students studying for undergraduate degrees than ever before," he said. Commenting on the government’s plans to increase the number of university places by 20,000, Tom Richmond of the CIDP said: "It would only make the situation worse and threatens to create a ‘disillusioned generation’ of graduates."