Employment prospects for 2012/13 first degree graduates dramatically improved compared to 2011/12 graduates with the proportion of graduates working in professional and managerial jobs in the UK has increased and the unemployment rate decreased from 8.5% to 7.3%.
What do graduates do? presents findings from the Higher Education Statistics Agency’s Destinations of Leavers from Higher Education survey (DLHE). It examines first degree graduate destinations six months after they graduated.
• More graduates employed: increased from 73.6% to 75.6% year-on-year.
• Drop in further study as graduates take advantage of improving employment conditions: fell from 13% to 12.4% year-on-year.
• More graduates in professional and managerial work: increased from 64.9% to 66.3%.
• Smaller proportion of graduates in non-professional jobs: for example, graduates working as retail, catering, waiting and bar staff fell from 13.7% to 13%.
• Mature graduates doing particularly well: a higher proportion (77.2%) were in professional and managerial work compared to all first degree graduates (66.3%).
Overview of 2014 destinations data
Of the 256,350 UK-domiciled graduates who responded to the survey:
• 70% were in employment and 7.3% were unemployed.
• 5.6% were working and studying at the same time.
• 12.6% had continued with further study or training.
Average salaries of graduates employed full-time in the UK ranged from £18,615 to £22,785, depending on their occupation.