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.
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!
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.
Having your CV and LinkedIn profile matching up, and displaying your skills and experience in the best possible fashion, is one sure way of standing out to recruiters. HR teams use the social media platform on a daily basis, so make sure your profile is an all-star, helping you stand out from the crowd. These five steps can help you on your way.
1: What employers do you want to see your profile?
If you’re looking for a job in engineering, for example, you’ll need to research other profiles in the engineering field. Have a look at some successful people working in the area that you want to get into, see how they’ve highlighted their skills, knowledge and experience. You may not have the experience they have yet obviously, but you can work in key phrases, keywords and terms that the industry use, which will help your profile show up on search results. It is vital that you tailor your LinkedIn profile for the industry in which you want to work, the same way you need to tailor your CV for a particular job you’re applying for.
2: Write accurately and professionally
The same way a poorly written CV or cover letter ends up in the discard pile; a recruiter is not going to dwell on a poorly written LinkedIn page. They will be checking to see that your profile makes sense, that it uses proper grammar and punctuation (no emoticons or text speak!!).Make sure there are no unexplainable gaps in your work history or education. Again, research what others have in their profiles; make sure you include some keywords or phrases similar to those used in the job description you are applying for. Also, get a pair of fresh eyes to review it. It’s very hard to spot your own mistakes all the time, so get a trusted friend or family member (with a good eye for grammar) to check it over for you. In addition to grammar, focus on detail in terms of what you can offer. Again, taking engineering as an example, focus on technical capabilities, software knowledge, courses, certifications or other industry-relevant experience.
3: Get recommendations
Recruiters place value in well written recommendations below your profile as opposed to easily-clickable endorsements. If you don’t have enough employment experience for a reference or recommendation, perhaps your manager or senior colleague from an internship of work placement can help. If it can be from someone in your industry of choice even better! Also, be visual, if you have video clips or pdfs of projects that you’ve worked on; share them on your profile.
4: Connect and be professionally social
While the CEO of a major international firm is unlikely to connect with you straight away, other professionals in your chosen sector likely will, as will college alumni and department heads relevant to the sector in which you want to work. It’s best not to solicit connections randomly or anonymously, you’ll likely meet potential connections at careers fairs or other events so its better you introduce yourself before you try to connect. Also, there is an etiquette here, don’t try and connect with someone who you may be going for an interview with or who you have just had an interview with, it’s too over-familiar and could affect your application.
5: Use a professional photo
Sounds simple doesn’t it? But you would be surprised. You know that photo of you balancing the three beer cans on your head on the beach in Thailand? Don’t use that one! You don’t have to be in a business suit, but a full three quarter length photo in smart clothes shows you’re work-ready and aware of appearing professional.
Caitríona Lonergan is a third year Actuarial and Financial Studies student in UCD who spent her summer participating in the 10-week Assistant Trader Internship with Susquehanna International Group (SIG). We caught up with Caitríona to find out what working in SIG is really like.
How did you find out about SIG?
SIG sponsors the Actuarial Society in UCD, which I am a member of, so I knew the name but I initially didn’t know much about SIG’s business. I then attended a SIG careers talk on campus that explained the company a bit more and outlined the different career options available to me.
What makes SIG different than other organisations?
I think the main difference between SIG and other companies is the focus placed on education. We spent a lot of time in the classroom at the beginning of our internship, learning about trading from the ground up. There was no assumed level of knowledge about trading, which was good as we didn’t exactly study it in college! I also love how much emphasis is placed on applying poker strategies to trading; when I first started, I hadn’t played poker very much but now I can play quite well, and have learned a whole new way of thinking!
What do you like best about working in SIG?
I really enjoy the atmosphere and the sense of community in SIG. We are always working together and sharing ideas; it really helps to have such a varied mix of intelligent colleagues around you to bounce ideas off of. I like that there is always something to do. I’m never bored and I enjoy the work, which makes the day seem shorter. I also love the variety of people who are working at SIG; people travel from all over Europe to work here, so it’s clear that SIG is highly regarded across a number of countries.
There is a lot of talk about teamwork and collaboration at SIG. Where do you see this demonstrated in your current role?
Our projects have been carried out in pairs, so I have been working closely with another one of the interns for the whole summer. I have also met with traders and the head of the index arbitrage desk, all of whom have helped with any questions I have had. The atmosphere is very supportive; whenever anyone has a problem, there can be up to four people willing to help out!
What inspired you to choose this career path?
Trading is a more exciting, dynamic career path than some of the alternatives in the financial area. The work I am doing is challenging, but I enjoy the sense of risk and reward. We also get to see the impact of our work in real-time. Even when things don’t go exactly to plan, we learn so much from the outcomes, and this helps us to further hone our strategies.
If you were speaking with someone who was considering the Assistant Trader Internship with SIG, what would you tell them?
Definitely do it! SIG is a unique, dynamic place to work where you will never be bored. The education programme not only sets you up to work in trading but everyone in SIG also supports you in developing your skills.
What is your favourite thing about living in the Dublin area?
There is always something to do in Dublin, whether it is a concert, a festival, or a new restaurant/bar to try.
Finally, if you could have any super power, what would it be and why?
I would love to be able to time travel. It is almost like having lots of superpowers at once when you consider how much you could alter and change.
Both SIG’s Assistant Trader Internship and Assistant Trader Graduate Programme are currently open for applications via the SIG website. SIG also caters for work placements ranging from 3-12 months in duration.
Trainee chartered accountant Jamie Ashworth gives us insight into his choice to pursue a career in finance with Crowe Horwath
Could you provide us with a summary of how you became interested in a career in the financial sector?
The financial sector represents the heartbeat of business and commerce worldwide. I have always had an aptitude for numbers and accountancy in particular so the financial sector has been a natural area of interest for me. Finance in Dublin in particular is thriving at the moment and makes it even more appealing to me.
Accountancy services are required by business of all sizes, from sole traders to listed multinational companies, and this diversity was a key factor in my choosing to pursue a career in accountancy.
How did your degree contribute to you getting a place on the Crowe Horwath programme?
I feel my degree contributed hugely to me getting a place on the Crowe Horwath graduate programme. Although I did not study accounting directly, a background in economics provided me with problem solving skills applicable across the financial sector. In my opinion this was particularly important for the Crowe Horwath graduate programme as it involves working on different projects all the time, with no two days being the same
What’s been one of the biggest challenges of coming through the Crowe Horwath graduate programme and what did it teach you about yourself?
One of the biggest challenges for me was adapting to the professional environment. After an initial training week, I started in the office and I was immediately immersed into projects and assigned projects. Of course attached to these projects were deadlines. While I found this daunting at first, I soon learned that asking questions and gaining experience is what was expected of me and this enabled me to work faster and more efficiently on subsequent jobs and tasks. Each job has a learning curve and I have been given the opportunity to work on many different assignments in the last year which has increased my knowledge immensely. Next year I hope to gain more experience and take a more senior role on assignments.
How difficult was it striking the balance between work and CAI studies?
For me, the switch from college life to working full time and studying with Chartered Accountants Ireland was challenging at first. A day in work from nine to half five followed by a lecture in the evening does require commitment but once you get in to a routine it is not as daunting as it first seems and it is worth the sacrifice. I found going to lectures and taking the information in first hand from the lecturers benefitted me when it came to studying for the exams. All materials for lectures are available through the online portal in advance of the lectures and this does allow for a degree of flexibility in studying.
What advice would you have for students and graduates seeking to pursue a similar career path?
- To give your full commitment to both work and studying from the beginning and to try and find a routine that suits you while doing that.
- To enjoy the free time that you do have and to make the most of well earned down time.
- Not to be afraid to ask questions and to make the most of the experience that senior colleagues share with you.
How do you hope to see your career developing over the next few years?
I am one year into my training contract and I have passed my CAP1 exams. I hope to pass the CAP 2 and FAE exams over the next two years, while gaining more experience and finish my training contract in April 2019. After that I might travel and work abroad for a year or two. Being a chartered accountant is a qualification that is recognised globally and offers people the opportunity to apply their skills worldwide.
Crowe Horwath is one of the leading accountancy firms in Ireland, and is the representative firm in Ireland of Crowe Horwath International, one of the top ten global networks of independent accounting and advisory services firms, a worldwide group of independent accountancy firms with 726 offices in 125 countries with some 31,000 staff worldwide. They offer graduates the opportunity to train to become a Chartered Accountant.
Check out their recruitment brochure (pdf) for more details.
Lidl’s approach to the training and development of graduates is training from the ground up and it is this approach which has led to my successful career in Lidl. At the beginning my programme I received a detailed training plan which outlined what the next 18 months were going to look like for me. Graduates start as store assistants and progress through every level in store up to Store Manager and Area Manager so you fully understand the company’s business model before you begin your Head Office role. To support each stage of my learning, I had detailed checklists which outlined what skills I need to learn at each level and this clarity ensured that I met the expectations of a graduate.
As a graduate, you are never sitting still for too long and over the 18 months you work in up to 12 different positions throughout the business. This role diversity allowed me to see where my strengths lay and also put opportunities for roles in front of me that I hadn’t previously considered. For me, I found my strengths in Learning and Development (L&D) and on the back of the work I completed in this area I was offered a position as Junior Project Manager in the L&D team. Within two weeks of being in the role I was given the opportunity to launch Lidl’s biggest ever training initiative, the Store Management Development Initiative (SMDI), to over 700 people from across the business at a two day launch event in the Convention Centre. It was a project which I had worked on while on the graduate programme and despite only being fresh off the programme, I was still trusted with the responsibility to deliver such an important message.
After only 18 months into my Junior Project Manager role, I am now moving on to a more senior role of Training and Development Manager. The exposure and experience which I gained on the Graduate Programme has definitely lead to this promotion coming so soon in my career. Having spent time in store I fully understand how our operations work while working on large scale projects like SMDI has developed my project management and communication skills. There are very few graduates programme who succeed in having their graduates as well rounded and experienced in such a short time as Lidl do and for anyone who is looking to drive their career forward, Lidl is the place to do it!
Meet the Lidl team today at our Graduate Careers Fair!