A new report urges graduates to seek low skilled work. Many city organizations are cutting graduate recruitment by over 40%. I spoke to a postman on his rounds last week, and he told me that he was was studying for his postgraduate masters degree in economics!
Aren't you worried about the economy, I asked? "Ha, ha, ha" he laughed, "I've been told by 3 companies that they will think about taking me on when I've finished my degree". I did not hold out much hope for him, for the following reasons: Official evidence, no contract has been signed, the fact that he wasn't given a firm offer. I wish him all the best, but the fact is that the financial sector has been hit hardest of all.
The BBC agrees that graduates face more competition.
University is a merry go round. There are now so many graduates that many employers are only recruiting from the top 5 universities. If you get top grades and get into a top university you will probably do quite well over time, as you will have many opportunities thrown your way. Statistically only a few people will reach these echelons, so like the lottery, the odds are stacked against you. Mr Postman did not go to a top university.
I am not completely against university, after all, I have a so-called good mathematical degree, I'm just saying that I believe that for the majority of people, it is a bad investment. If I had got a job rather than going to university, I could have bought more houses when they were cheaper, because the banks were lending like crazy. I would probably be richer than I am now, so I would never recommend going to university.
Our friend, Mr Postman is about to face what may be the worst graduate job market in history, with even top Oxford graduates failing to secure work. He would be better off working as a postman, and saving and investing his money.
The BBC agrees that graduates face more competition.
University is a merry go round. There are now so many graduates that many employers are only recruiting from the top 5 universities. If you get top grades and get into a top university you will probably do quite well over time, as you will have many opportunities thrown your way. Statistically only a few people will reach these echelons, so like the lottery, the odds are stacked against you. Mr Postman did not go to a top university.
I am not completely against university, after all, I have a so-called good mathematical degree, I'm just saying that I believe that for the majority of people, it is a bad investment. If I had got a job rather than going to university, I could have bought more houses when they were cheaper, because the banks were lending like crazy. I would probably be richer than I am now, so I would never recommend going to university.
Our friend, Mr Postman is about to face what may be the worst graduate job market in history, with even top Oxford graduates failing to secure work. He would be better off working as a postman, and saving and investing his money.
No comments:
Post a Comment