Employment Prospects for Uk Graduates

The objective of this report is to examine the performance of graduates within the labour market. The report will be inspecting back over statistics from the past 3-5 years examining any changes or trends, and evaluating whether the benefits of obtaining a degree exceeds the costs. This will be completed by interpreting a range of books, articles and internet sites on the subject ‘performance of graduates in the UK’.

Traditional foresight regards graduating University and gaining a degree, a core strategic asset to attain in the UK, and can lead to further rewarding opportunities otherwise not available to non-graduates. In 2012 the government amended the way higher education is financed. Many institutions were able to treble their tuition expenses, now charging students up to £9,000 a year. Instead of resolving the finance immediately, students are able to take out a loan to cover the fees and their living outlay. A student only starts to pay the loaned money back once they begin to earn more than £21,000 a year. If they don't earn a salary of £21,000 or are unable to pay back the full amount after 30 years, the loan is written off.

What is a graduate in the labour market?
A graduate is classed as a student who has finished education achieving qualifications above A level specification. The Labour market is a system which matches and establishes interaction between possible employers and employees. Looking at the demand of labour, with people who are available and applicable to work. Employers vie to appoint the most experienced and qualified, whilst the potential employees vie for the most pleasurable and rewarding job.
Between 2012-2013 there were around 2.3 million students enrolled to study in the UK’s higher education institutes. There was also approximately 599,000 students studying outside the UK, who were enrolled in a UK higher education institution.

Employment Performance

Based on Martin Birchalls' information compiling 18,000 recent...