As the number of jobs on offer continues to grow, there has been an increased focus on graduate hiring. Morgan McKinley conducted a study of 157 hiring managers to discuss the effects that the financial crisis had on hiring and their views on the current challenges they face.
The study found that 53% of companies felt no impact on their graduate hiring as a result of the financial crisis, with 9% even increasing hiring. In the current market 50% of respondents said the financial crisis no longer had any impact on their graduate hiring.
“There has been much discussion around the negative impact of the financial crisis on graduate hiring, but our data doesn’t support this. Exactly half said that it impacted their graduate hiring” explains Hakan Enver, operations director at Morgan McKinley. “If anything, it shows the UK finance sector as being resilient, even in the midst of a historical crisis.”
The future is also looking positive for graduates with a combined 68% of respondents stating that the biggest current challenges are a skills gap shortage (47%) and lack of future talent (21%).
There is also good news when it comes to salaries, with the average salary change registered in April 2015 being 19%. “With improved confidence, there’s still a trend to expect a far greater salary increase when moving roles and thus it is a major contributing factor to people looking for new opportunities”, said Enver.