IT industry slump shrinks graduate opportunities

first_imgGraduate unemployment has increased this year for the first time in 10years, a study by the higher education Careers Services Unit reveals. The CSU attributes this year’s increase to 6.3 per cent from an all time lowof 5.5 per cent the previous two years, largely to the decline in the ITindustry. Mick Hill, chief executive of CSU, said the organisation had predicted thatthe 10-year downward trend in graduate unemployment would come to an end. “This current increase follows two years where graduate unemploymentremained at an all-time low and is still a long way from the highs of 8.2 percent five years ago,” he said. The study reveals that degrees in civil engineering and accountancy offerthe best employment prospects, followed by business and management studies,media studies and building. According to the What do Graduates do? report, 67.7 per cent of graduates in2001 found work within six months of graduation, with nearly a fifth opting forfurther studies. Nearly two-thirds of graduates secured professionalemployment. Nearly four-fifths of civil engineering graduates found employment withinsix months, as did a similar proportion of accountancy graduates. However, only 72.6 per cent of last year’s IT graduates found work withinsix months, down from 79.9 per cent in 2000. The study finds that graduate employment trends often mirror popularculture, and attributes a large rise in the number of women studying law since1996 to the high profile of barrister Cherie Booth and the TV show Ally McBeal. Related posts:No related photos. IT industry slump shrinks graduate opportunitiesOn 19 Nov 2002 in Personnel Today Previous Article Next Article Comments are closed. last_img

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