Figures show that 83 graduates are fighting for each vacancy, the highest number ever recorded by the Association of Graduate Recruiters (AGR). 01/07/2011
AGR’s biannual survey revealed the increase in competition, comparing it to 69 applications per vacancy in 2010 and 49 in 2009.
Carl Gilleard, chief executive of the AGR, had this advice for graduates when applying for jobs. ‘Make sure you reflect on what you have learnt — both at university and in an extra-curricular capacity — and be able to articulate it in your applications and at interviews.
‘Think about what transferable skills you might’ve gained and how you’d apply your knowledge and experience to different situations. If you are able to get into that mode of thinking, you will be immediately more attractive to employers.’
However, the survey also found that employers are estimating a 2.6% increase in graduate vacancies this year. This follows an increase of 8.9% in 2010 and signals sustained recovery in the graduate recruitment market.
The survey also revealed that the average graduate starting salary has increased by 2% to £25,500. This is the first increase since 2008.
‘There are some very encouraging signs for graduates. Not only have starting salaries increased, albeit slightly, the number of vacancies continues to increase which can only be seen as a good sign. I am cautiously optimistic about the findings, which provide a welcome indication that the graduate recruitment market is beginning to overcome the impact of the recession,’ said Mr Gilleard.
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