A new survey of 100 of the UK’s leading employers reports that nearly four in 10 graduate jobs are being allocated to student interns.
Half of these graduate jobs will be filled by candidates who have completed a corresponding internship or work experience programme with the recruiting company, according to the report by High Fliers.
The study emphasised the importance of work experience, stating: ‘Over half the recruiters who took part in the research repeated their warnings that graduates who have had no previous work experience at all are unlikely to be successful during the selection process and have little or no chance of receiving a job offer for their organisation’s graduate programmes.’
City investment banks are even more discerning about the work history of prospective candidates, with 75% of employers refusing to hire those without prior experience.
David Willetts, the Universities Minister, said: ‘The substantial rise in the number of graduate vacancies demonstrates that confidence in the UK economy is growing and businesses really value the skills the UK’s first-rate graduates can bring to their companies.’
Also noted in the survey was the increased availability of internships, with a record 11,819 paid placements available in the current academic year. You can find some of them in our internships and work experience section.