In the first of a series of articles, we’ll be taking a look at where the graduate class of 2015 are, based upon the HEA’s recently released ‘What do graduates do? The class of 2015’.
This survey, the 25th of its kind, was published on February 15th and, mostly, points to an optimistic prognosis when it comes to graduate careers in Ireland.
There were 18,526 students surveyed, with qualifications between levels 8-10.
Overall, 68% are in employment, with 57% employed in Ireland and a further 11% are working overseas. Only 6% of all graduates surveyed are still seeking employment nine months after graduation.
Those with Honours Bachelor Degrees
From the class of 2014, nine months after graduation, 58% were in employment. This has risen to 62% for the class of 2015, with the vast majority (85%) of them working in Ireland. Only one in ten graduates are going overseas to seek their first job, with the UK still viewed as the most favourable destination.
In terms of where the jobs are in different sectors, there is still a huge demand for teachers, and graduates in this area have the highest rates of employment. After education, IT has the highest proportion of employed graduates, at 70%, which reflects the consistent growth in this area.
One of the stranger results of the study was that graduates who were awarded a pass degree demonstrated the highest levels of employment (74%) while those who received a first-class Honours degree had the lowest, at 57%. The reverse is true in terms of progression into further study. While this finding is unusual, it is perhaps attributable to the fact that a higher award is necessary for acceptance into postgraduate study, with those who obtain first class honours more likely to pursue further study.
Those with Higher & Postgraduate Diplomas
78% of those with these Diplomas are in employment, up from 76% from the class of 2014, with 75% employed in Ireland, compared to 68% from the class of 2014. This has led to only 3% seeking employment overseas, down from 8% in the previous year’s research.
Those with Masters/Doctorates
80% of Masters and PhD graduates are in employment, with 64% finding work in Ireland and the remainder overseas, with the UK the most popular. The sectors with the highest rates of employment for Masters and doctoral students were Business, Administration & Law and Education students at 87% and 86% respectively.
In our next article, we’ll look at the relevance of each qualification for the graduates surveyed for the report. The entire report can be downloaded here. For further analysis of trends in different sectors, download the 2017 edition of gradireland’s Ireland’s 100 Leading Graduate Employers, the largest independent student survey of final year students in Irish universities, north and south.
February 15th 2016 saw hundreds of students and over 60 exhibitors at the gradireland Further Study Fair at the RDS to explore the massive range of opportunities available within the world of postgraduate study.
It is estimated that around 35% of students go on to further study after earning their degree, with last year seeing more than 19,000 students making to decision to pursue further study, according to data from the Higher Education Authority (HEA).
Director of gradireland, Mark Mitchell, says that the best way for students to make the most of further study is to have a firm objective as to why they are studying for a further qualification:
“If you’re going to pursue postgraduate study, make sure you understand the commitment involved. Research the employability benefits that certain postgraduate courses can bring, a postgrad qualification can be hugely attractive to employers and can also greatly enhance your earning potential in certain sectors. We were delighted with the event and the amount of information which we were able to present to students and graduates.”
The most recent edition of gradireland’s Graduate Salary & Graduate Recruitment Trends Survey found that 60% of employers viewed postgraduate qualifications as being important when assessing an application. This correlates with research into employment rates straight after college, which reveal that 78% of postgraduate graduates are in employment, compared to 58%of undergraduates.
The Irish, UK and mainland European postgraduate providers at the RDS showcased a host of courses on offer, and attendees also found out what financial supports are available for them. Seminars ran throughout the event, exploring themes such as: Postgraduate funding, conversion courses, studying Master’s programmes in Europe, how to write the dreaded personal statement and what are the best routes into teaching.
The Irish Research Council also attended the fair, promoting the unique and growing focus which dedicated research presents for postgraduate students, in 2016 alone the Irish Research Council awarded €30 million in funding, to 373 new researchers. Over half of this was awarded to the Government of Ireland Postgraduate Scholarship Scheme. This scheme funded 206 researchers in total, with an average award of just over €75,000.
Search for the right postgraduate course for you, and get all the advice you need in our dedicated further study section. We have completely updated and curated our funding section, with the issue of finance one of the primary concerns when it comes to considering postgraduate study.
By Adam Trundle, Corporate Finance & Tax Rotation Intern, Deloitte
When I applied for the summer internship in Deloitte, I wasn’t really sure if it was going to be for me. I am studying Maths and Music in Maynooth University, so my background in business is pretty much zero!
To be honest I only applied at all because Deloitte were placed so highly in the gradireland rankings. Nothing to lose by giving it a go! When I came in for my interview, it was soon obvious that Deloitte wasn’t just some big, boring ‘accounting’ firm. Everyone was kind and welcoming, no matter where they worked. I was lucky enough to be offered a 12 week internship, split between Tax and Corporate Finance. I accepted my place, but I still wasn’t really sure if Deloitte was right for me.
When I arrived on the first day, any worries I had about not fitting in were quickly dispelled. Our first week was spent getting to know all of the other interns and we were given lots of really helpful general training. When we went out to our respective departments, the encouraging atmosphere continued. I soon learned that no one expected us to know everything about tax already, thankfully! What was more important was being willing to learn and having a ‘can-do’ attitude. Everyone that I met was willing to take time out of their day to explain things to me. It didn’t matter that I didn’t know something coming in because I was there to learn, with some of the best teachers in the business.
After a great six weeks in Corporate Tax, it was time for me to move to Restructuring Services in Corporate Finance. This was a daunting prospect, because while I had some idea of what tax is, restructuring and insolvency were entirely alien concepts to me! When I arrived first, I was given a general overview of what the team I was joining did day-to-day. Every question I had was answered in detail, until I felt confident about my individual role. I am writing this blog at the end of my third week in corporate finance and I can safely say that I have learned more about restructuring in these few weeks than I did up to this point.
I’m really glad that I applied for a summer internship here in Deloitte, even though my degree didn’t originally seem relevant. I would recommend that anyone who isn’t sure what they want to do after college does the same. The learning and development team, the online resources and the people-focussed culture mean that anyone can achieve their full potential. That includes the likes of me, studying for a non-business degree.
Find out more from gradireland about what’s involved in areas like audit, tax and accountancy with our unique series of #FYI videos. Perfect for kicking off your career thinking while you’re still in college!
Graduate Permit Scheme extended: working visas for international Masters and PhD students now valid for 2 years post-graduation.Posted: January 31, 2017
A welcome recent development for both international students and graduate employers is the news that the Irish Government has agreed to extend the Third Level Graduate Permit Scheme, for non-EU/EEA students at level 9 and above.
The new permission will double the ‘stay back option’ for Masters and PhD students from 12 months to 24 months. This will allow eligible graduates who have studied in Irish higher education institutions, and whose award is granted by a recognised Irish awarding body at Masters or PhD level, to remain in Ireland for two years to seek employment.
The Graduate Permit Scheme allows these non-EU graduates to stay in Ireland for 2 years after their degree and legally work for 40 hours per week.
For some employment sectors the restriction of the working period post-graduation to one year has been a disincentive to hiring international students. The extension of this eligibility for work for highly qualified students from 12 to 24 months, whilst on the Graduate Permit Scheme, is to be welcomed both in the context of the skills gap and the employability journey for postgraduate students emerging from Irish HEIs.
For more on working in Ireland for international students (from outside the EU) from gradireland, watch our videos here.
Every year, a wide variety of reasons attract students to make the choice to study overseas. The accessibility and relatively low cost of travel, particularly within Europe, has made the logistics of studying away from home a lot simpler. When you couple this with what many European universities have to offer; affordable fees, reasonable entry requirements and prestigious courses taught in English, it’s little wonder that an increasing amount of students are finding it an attractive option, particularly for postgraduate study.
The increasing attraction of universities on mainland Europe, particularly Germany, Poland, Denmark and the Netherlands, has gathered pace with the continuing uncertainty over the Brexit scenario.
In addition to affordability, and the attraction of a new and diverse culture, eligible students studying within the EU can avail of their Irish state awarded grant and are also allowed work part time. According to a recent article in the Irish Times, about 1,500 third-level Irish students in receipt of state funded grants are studying in colleges abroad.
Guy Flouch, head of the European University Central Application Support Service (EUNICAS), will be speaking at this year’s gradireland Further Study Fair on February 15th at the RDS. In the Irish Times he said that Irish students were broadening their options when it came to pursuing study overseas, and were no longer primarily focused on UK institutions, a trend which has increased in the wake of the Brexit vote.
According to the article, almost 900 degree programmes across all disciplines are taught through English in Europe, many of them at far cheaper fees than would be applicable in Ireland. For example, no fees apply in Germany, Scandinavia, Sweden and Finland. In Austria, Switzerland and Belgium, fees are usually less than €1,000 per year. In the Netherlands, fees of €1,984 apply, but students can get a loan to cover this. Repayable over a term of 35 years. Which seems more than reasonable! More than 40% of the EUNICAS programmes on offer are done through Dutch institutions.
Within many European countries, points are not a barrier to college entry. The requirements are lower and there is a strong cultural focus on third-level education being available to all, however many of the universities are very high-ranking institutions and while they may be accessible-they also demand high standards from their students. “These are some of the best universities in Europe. There is no repeating of years. You’re expected to get 45 out of 60 credits, take part in problem based learning and show up for all your lectures and tutorials,” Guy Flouch added.
While there are obviously challenges in settling in and studying abroad, the evidence seems to suggest that Irish students flourish in a variety of ways while abroad, according to Mr Flouch. “The levels of self-confidence and self-esteem and independence they get is a skill set which employers really see. They are self-sufficient and living abroad-meeting challenges and succeeding. It impacts positively for the rest of their lives,” he said.
See what’s involved with studying abroad and find out everything you need to know about EUNICAS at the gradireland Further Study Fair on February 15th at the RDS Industries Hall. Click here to register for free entry.
Working in audit with Deloitte, and captaining the Cork Ladies Football Team, Ciara O’Sullivan talks about balancing your work with your passion.
When did you start playing football and how did you end up on the Cork team?
I started playing football with my club Mourneabbey when I was under 8 and when I was 11 I went for Cork under 14 trials. I was lucky enough to make that U14 panel and have been playing with various Cork teams since then. I have been a member of the Cork senior team for the last 9 years and this is my second year as captain of the team.
How does your intensive training schedule for Cork compare to your training to become a Chartered Accountant?
I must admit I enjoy training with Cork a little bit more than I enjoyed studying for the exams! I think both take discipline and organisation and I actually think they complement each other. During study leave for my CAP 2s and FAEs I really looked forward to going training after studying for the day and although sometimes I was tired before training, I always felt better after it. It’s great to give you a focus other than the exams and work. It’s also always something to talk to clients about when you’re on site as a lot of clients in Ireland have some interest in GAA!
Does your work as captain on the field help your work in Deloitte off the field?
It’s not something I’ve ever actually thought about but I suppose it does. I’ve been very lucky to be part of this Cork team who have so many leaders, so in some ways being captain is just a title. I’m just the one who goes up for the toss or gets to collect the cup if we win. Everyone helps each other and it’s all about the team. It’s the same in Deloitte, particularly as I work in audit where in general there are a number of people on the audit team. Again everyone helps each other and it makes the job much more enjoyable and efficient. I’ve made great friends on both the Cork team and in work and having these friends who are in the same boat as you helps a lot.
What has been the best moment of your career as the captain of the Cork Ladies football team?
It would have to be winning the 2015 All-Ireland final. It was against Dublin again and like in previous years we just about won. The closer the game is the more you appreciate the win when it’s over. Lifting the cup was unreal… the speech that followed definitely wasn’t unreal!
What’s your advice for other trainees who juggle the heavy commitment of both their career and passion?
I would say that it’s totally achievable to do both, if you want to do it enough. Obviously I know I’m lucky that work accommodate me where they can so that I never miss training. I think that once you are organised and like doing something enough you will make it happen.
For more advice on getting started in your career and balancing your life, read gradireland’s advice section.
Cathy O’Donohoe of Pluto, official partners of gradireland, has compiled some tips on why your need to make you display truly stand out and represent something that can align with the values of the graduates you are seeking to attract.
Every exhibitor recruiting at a graduate recruitment fair has a ‘cut-through’ challenge. How does your corporate brand resonate in a room full of graduates, with dozens of other brands competing for the exact same talent? Exhibitors need to excite to attract. Large corporations need to examine what attracts a graduate to an exhibiting employer, when so many other doors are potentially open to explore in the very same room. Given the number of years that an employee can invest with an employer, graduates need to feel that a potential employer has brand values that align to their own. Those values need to be aspirational, current and relevant. At the very least, the basic design of the stand needs to be current and ‘on –trend’, given the multitude of brands that graduates and students are exposed to through various mediums and platforms on a daily basis. Time and time again, corporate employers invest in taking space at graduate recruitment fairs but don’t invest in updating their stand – often taking out something that was used previously and merely dusting it down. If the stand isn’t exciting, the perception will be that the opportunity for employment with that company isn’t very exciting either. Graduates should leave your stand incredibly excited about the opportunities that the journey ahead may bring them, should they choose to invest their future with you. To invest in a space, without investing in the stand design, can be potentially lethal for an employer brand.
The strong trend for design in 2017 will be led by the following key influences: Scandinavian touch, steel and wood, theatrical elements, geometric imagery and mesh and Lighting. So what do these mean?
- Scandinavian touch: Continues to influence design. This trend includes light pastel hues, strong colour accents, clean and light wood, mix & match furnishings and a general sense of playfulness.
- Steel and wood: A box section & feature wood cladding dominates this trend.
- Theatrical fun: Creates a tangible zone for customer interaction, such as installing a single feature piece.
- Geometric: Creates immediate modernity with seamless patterns creating depth.
- Mesh and lights: Stands out with opaque lighting features, abundance of mesh types and the use of mesh partitions.
For more information about what Pluto do, click here.