Hiring spree gives graduates best chance since crash
THE FRESHEST batch of university graduates is the best equipped since the financial crisis to find jobs, according to a new report, while an increasing number of new students want to set up their own businesses.
The latest report on business trends from BDO suggests that UK firms are hiring at the fastest rate for 16 years, offering 2014’s graduates the best start to a career of any class since the financial crisis.
“The unprecedented growth we’ve seen in UK employment this year looks set to continue, providing this year’s university graduates with a welcome dose of good news in terms of job and salary prospects,” said Peter Hemington of BDO.
Further research released by HSBC today also shows that young people moving into university are keen to work for themselves: 24 per cent want to set up businesses after university, as opposed to 16 per cent of current students.
“Many of this year’s students were aged 12 or 13 when the financial crisis hit in 2008; growing up during the recession, the subsequent years of slow economic growth and a tough job market. On top of this, tuition fees have risen so it’s only natural that this year’s students want to maximise their return on investment,” said HSBC’s Andy Mielczarek.