We all know that higher education can be costly, but how does the cost of your degree stack up against the rest of the world? Have a look at the infographic below and find out!
Credit to the guys at Education Requirements for the original article.
Category Archives: Graduate Jobs
Goldman Sachs Career Quiz
Would you make the cut ?
How it works:
Answer a few questions – all multiple choice with no wrong answers. The questions will ask you about your educational background, as well as how you approach challenges and solve problems.
You will not need to provide your name, as this isn’t an application for employment.
Based on your answers, the firm will suggest a short list of Goldman Sachs divisions that may suit your skills and interests.
U.K. Finance Industry To Cut 43,000 Jobs As Grads Shun Sector
The U.K.’s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry, as companies shrink and reduce costs.
Banks, insurers, asset managers and other finance firms probably cut 25,000 positions in the last three months of 2012 and may eliminate 18,000 jobs in the first quarter of this year, according to a study by Britain’s biggest business lobby group and PriceWaterhouseCoopers, published Monday.
Global cuts at financial firms have exceeded 115,000 since 2012 as they seek to control compensation expenses and retreat from capital-intensive businesses, according to data compiled by Bloomberg.
The cuts in the U.K. industry will mean about 132,000 financial-services jobs have been lost since the peak in the final quarter of 2008, when it employed about 1 million people, the CBI said.
In addition to firings, bankers have been retiring earlier and younger would-be recruits are shunning finance for less-tainted industries, said Burrowes.
For young professionals, ‘it’s not an attractive place to go’, he said. Banking and capital markets at his firm, PwC, ‘is not a sector they’re attracted to any longer’, Kevin Burrowes, U.K. financial-services leader at PwC, said. ‘It used to be our most popular sector’.
Check out the original article over at Bloomberg.
Are today’s graduates unemployable?
Employers are struggling to fill entry-level vacancies, despite the fact that there are 75 million unemployed young people worldwide, Diana Farrell, director of McKinsey Global Institute told CNBC.
A new survey conducted by the group says employers struggle with a lack of skills among graduates of academic and vocational courses,particularly for medium and high-skilled jobs, such as teaching and medicine.
‘The gap is tremendous. It’s a real tragedy’, Farrell said.
The shortage of workers in skilled jobs could reach 85 million by 2020, according to McKinsey report. The company defines youth as individuals between 15 and 29 years old.
The survey revealed that just 42% of employers believed young people were adequately skilled.
Farrell said the education to employment system was not working properly and the mismatch between education providers and industry requirements was rendering young people unemployable.
The McKinsey study conducted among 8,000 participants in nine countries revealed half of young people are not sure their postsecondary education improved their chances of finding a job, with the U.K. at a low of 40% and Saudi Arabia at 60%, though local Saudi graduates are guaranteed a public sector job in the country.
‘This is quite low considering how much money is spent on education’, Farrell said.
She said the most successful were those employers who spent time with young people before they finished school, with some kind of on-the-job training or exposure to the kind of work they do.
Writing by Tanya Ashreena, special to CNBC.com
The Times Top 100 Graduate Employers
Now in its fifteenth year, The Times Top 100 Graduate Employers is the definitive guide to Britain’s most respected and sought–after graduate employers.
The new Top 100 rankings have been compiled from face-to-face interviews
with 17,737 graduates, who left UK universities in the summer of 2012,
who were asked the open-ended question “Which employer do you
think offers the best opportunities for graduates?”.
The List
Last year’s position is in (brackets).
1 (1) PwC
2 (2) Deloitte
3 (3) KPMG
4 (7) Teach First
5 (4) Aldi
6 (5) NHS
7 (8) Civil Service
8 (10) Ernst & Young
9 (6) BBC
10 (11) John Lewis Partnership
11 (9) Accenture
12 (20) Tesco
13 (12) HSBC
14 (21) Google
15 (13) Goldman Sachs
16 (14) Barclays
17 (16) BP
18 (15) GlaxoSmithKline
19 (24) Unilever
20 (23) J.P. Morgan
21 (18) P & G
22 (17) RBS
23 (22) Army
24 (19) IBM
25 (26) Rolls-Royce
26 (60) Jaguar Land Rover
27 (53) Apple
28 (27) M & S
29 (28) Barclays Inv Bank
30 (25) L’Oréal
31 (29) Allen & Overy
32 (38) Lidl
33 (48) Microsoft
34 (34) Morgan Stanley
35 (31) Shell
36 (30) BAE Systems
37 (37) Arup
38 (32) Lloyds Banking Group
39 (33) Sainsbury’s
40 (35) McKinsey & Company
41 (41) >Sky
42 (50) WPP
43 (42) Linklaters
44 (59) Citi
45 (36) Clifford Chance
46 (45) BT
47 (91) Nestlé
48 (55) Deutsche Bank
49 (44) Slaughter and May
50 (54) MI5
51 (52) Network Rail
52 (57) Freshfields
53 (61) Atkins
54 (56) Credit Suisse
55 (71) McDonald’s
56 (New) European Commission
57 (67) Bain & Company
58 (75) Co-operative Group
59 (64) DLA Piper
60 (40) Mars
61 (46) UBS
62 (89) Santander
63 (62) Boots
64 (79) Asda
65 (77) Boston Consulting
66 (98) nucleargraduates
67 (74) Bank of America
68 (80) Bloomberg
69 (43) Centrica
70 (49) Local Government
71 (51) Arcadia Group
72 (65) Royal Navy
73 (70) Herbert Smith
74 (72) Foreign Office
75 (90) Penguin
76 (39) Cancer Research UK
77 (47) ExxonMobil
78 (New) British Airways
79 (68) Police
80 (New) Towers Watson
81 (58) Saatchi & Saatchi
82 (78) Transport for London
83 (84) Diageo
84 (95) National Grid
85 (New) Norton Rose
86 (63) Oxfam
87 (73) Airbus
88 (81) Grant Thornton
89 (88) Savills
90 (New) GE
91 (87) E.ON
92 (New) British Sugar
93 (69) RAF
94 (85) Oliver Wyman
95 (New) Lloyd’s
96 (82) EDF Energy
97 (86) Kraft Foods
98 (New) BDO
99 (New) DFID
100 (99) Hogan Lovells
Check out the website here; http://www.top100graduateemployers.com/
5 Reasons Why UK Graduates are Moving Away From Careers in Banking & Finance
This article has been re-produced. The original author was William Frierson.
Times are tough with the economy all round, but the financial services industry appears to be having a torrid time. Financial scandals coupled with changing business models have wreaked havoc with bottom lines during this prolonged downturn.
And issues like these have resulted in many graduates, who previously were keen to earn big money and work in ‘the City’, deciding that their futures lay elsewhere.
Here’s 5 key reasons why UK graduates are increasingly giving a career in financial services a wide berth:
1. Job security – the economic outlook and regulatory and capital pressures have significantly impacted revenues in this sector. Job security (or the lack of it) is a significant negative factor when considering a career in financial services.
2. Financial reward – where once a career in banking & finance was seen as a quick way to riches and early retirement, this is no longer the case. Political pressure and demands to achieve a better balance between employee reward and shareholder value has meant that compensation ratios have come down (and will fall further).
3. Work / Life Balance – always known as an industry that works employees hard, job insecurity has resulted in employees having to put in even more hours to try and justify their existence. In addition, cuts in headcount increasingly means that workloads have increased for those who remain.
4. Stigma – five years on from the start of the financial crisis, bankers in particular are held in very low regard. Where once a young professional was proud to show off a business card that confirmed he / she worked at a large financial institution, that is no more. Scandal has followed scandal, and there appears to be no let-up.
5. Uncertain environment – with the industry under a microscope like never before, and in the midst of a significant economic downturn fraught with further political uncertainties (the break-up of the Euro, the stability of Greece and other European countries, etc), the future shape of the financial services industry is now in question. Likely to go through significant structural change over the coming years, it is difficult to see how a career in this sector will unfold.
William Frierson is a staff writer for CollegeRecruiter.com, a leading job board for college students who are searching for internships and recent graduates who are hunting for entry-level jobs and other career opportunities
Campus Recruitment – 35 Top Hiring Firms
Here is a really useful list of some of the major Financial Services employers currently doing the rounds on campus and a link to their graduate recruitment website. You will soon be able to quickly and easily access this information from within YourJobList.com. Currently we don’t expose the URL for an employers graduate job page, just the main recruitment page.
Aon
AXA
Bank of America
Bank of New York Mellon
BlackRock
BNP Paribas
Citi
Commerzbank
Credit Suisse
Deutsche Bank
Excelian
Fidelty International
Goldman Sachs
Henderson
Houlihan Lokey
HSBC
ICAP
ING
Investec
J.P. Morgan
M&G Investments
Macquarie
Man Group Plc
Mitsubishi UFJ Securities International
Morgan Stanley
Nomura
Royal Bank of Scotland
Santander
Schroders
Societe Generale
Standard Chartered Bank
Susquehanna International Group
TD Securities
Trafigura
UBS
See the full post over at HereIsTheCity.
Silicon Roundabout
It has been reported that up to 800 jobs are going at over 100 of the “top tech startups in the UK”. Companies including Twitter & Songkick were recently handing out “free coffees” – Huddle, Wonga, Mozilla and Moshi Monsters creator Mind Candy, were apparently dishing out “free fruit”. Where was the free beer?
Stats from UK jobs agency Adzuna suggest that Objective C is still the best remunerated tech skill for graduates, with graduate Objective C coders earning an average £41,327k compared to £27,585 for graduates going into HTML jobs, but “gurus” and “ninjas” are in demand too. Currently 596 UK employers are looking for “gurus”, Adzuna reports, with over 70 seeking “ninjas” and one tech employer looking for a “Coding Jedi”.
Apparently tech giants Google, Facebook and Twitter are most likely to word their technical jobs specs with such titles.
Salaries for jobs on offer at Silicon Milkroundabout range from £21k for a junior developer to £60k for a senior Perl developer, Adzuna reports. And yes, stock options are available: apparently 25 per cent of startups currently hiring in London are offering stock to graduate tech employees – compared to 0 per cent of banks. However average wages are significantly higher in the banking sector.
See the original article on The Register
Remember to also keep an eye on the ‘jobs’ page over at The Register. It’s often bursting with interesting stories and developments from the IT job sector;
Your Job List 