UK graduates are facing the most intense scramble in a decade to get a job this summer, as a poll of employers reveals the number of applications for each vacancy has surged to nearly 70 while the number of available positions is predicted to fall by nearly 7%, writes Jeevan Vasagar for the Guardian.
The class of 2010 have been told to consider flipping burgers or stacking shelves when they leave university as leading firms in investment banking, law and IT are due to cut graduate jobs this year. Competition in the jobs market is fiercer now than for the first 'post-crunch' generation of students, last year, when there were 48 applications for each vacancy.
The number of applicants chasing each job is so high that nearly 78% of employers are insisting on a 2.1 degree, rendering a 2.2 marginal and effectively ruling out any graduates with a third, according to the survey published last week. The Association of Graduate Recruiters polled over 200 firms and found the number of applications per vacancy had risen to 68.8 this year, the highest figure recorded.
Full report on the Guardian site
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