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!
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.
Caimin Browne writes about the benefits of thinking outside the box when it comes to your teaching career, and why teaching overseas on a Meddeas teaching programme can be such a rewarding and enriching experience.
Why did you take the step of coming to Spain with Meddeas?
I was finishing my degree (Saint Patrick’s College-DCU) in Ireland and I had limited options here. I wanted to do teaching in Ireland, but I couldn’t get onto the the course I wanted to do. A friend reminded me of an email I received to teach English in Spain, related to TEFL. Although I didn’t speak Spanish I thought it would be worth applying for. I’m very glad I did.
If you had to choose one specific memory of your Spanish experience, which one would it be and why?
THE HEAT. I have never experienced such heat and it being considered normal. I was wearing shorts up to December and playing a rugby match on the first weekend of March, and it was 25, 26 degrees Celsius. Coming from Ireland, where the weather is always in the public domain, I couldn’t believe how normal temperatures in the mid-20’s were in October, and people wearing jumpers and jackets. Madness!
What relationships and/or friendships do you keep from your stay in Spain?
I still stay in touch with staff from the school and the rugby team I played with, on an ongoing basis by Facebook or WhatsApp.
In what sense has your worldview changed after your experience teaching in Spain?
The role I have to play in life. I left Ireland to teach English in Spain. I was no longer a student, I was seen as a grown up, an adult with responsibility, whose main objective was to teach as a language assistant in a school and instruct, kids are going to use what you teach them to broaden their own horizons and develop their own lives. Spain for me was the first time that I was doing something I always wanted to do.
Did you improve your level of Spanish? Has this skill helped you in your professional career? Do you use Spanish in your everyday life now?
It most certainly has. Before I left to teach English in Spain, I had a very basic level of Spanish, but I looked on this as an opportunity, where any progress was a bonus. The Spanish in Andalucia is distinctly different to Spanish spoken elsewhere in the country, so in some ways not having a firm footing in the language and being able to learn from scratch was a bonus. At the moment, I’m studying to be an Irish and French Language teacher, but also having Spanish is a huge bonus both professionally and personally.
How has this experience improved your CV and professional life?
It’s made a huge difference. I learned a new language, gained exposure to a new culture and got invaluable teaching experience. Furthermore, having work experience abroad has shown that I am able to adapt to work outside of Ireland. I am currently studying a Masters to be a school teacher here in Ireland and am hoping to work teaching French and Irish at second level.
What advice would you give to someone joining Meddeas in order to make the most of this experience?
I would advise anyone to do this. Spain offers so much; beautiful food, compassionate and kind people, fantastic weather and so much culture and travel. The year I completed will go down as one of the best of my life and there is not much I would have changed about it. It’s great to get exposed to a totally different way of life and culture. I would say to anyone, don’t just dream about travel, live it and use it to enhance and inspire your career and other life choices.
Are you noticing more employers are moving away from traditional application methods and moving more towards video as part of their recruitment process? At the Jameson International Graduate Programme we introduced video applications to our recruitment process in 2010 and we’ve never looked back! If you’re not sure where to start with your video, here are our top tips so that you can complete the application process without fear!
By Sinead D’Arcy, Jameson International Graduate Programme Manager
The first thing we’ll look for in your video application is that you have the right attitude to become a Jameson Brand Ambassador. We’re on the look out to find someone who embodies the Jameson spirit of warmth, charisma and wit. Show us that you’re passionate, driven to succeed and have the dedication it takes to work with the world’s fastest growing international whiskey brand.
- Be Yourself
This is definitely one of the most important things to think about when creating your video application. We want to get to know your personality, your individuality, the things that make you, YOU! We completely understand that talking to a camera about yourself isn’t necessarily the easiest and most comfortable situation in the world, so here’s what to do- take a breath, grab your camera, sit down, relax and chat to us as if you’re chatting to an old friend.
- Tell us what’s relevant
You don’t have a lot of time so make sure your video application is full of relevant information. Tell us about yourself, your interests, your skills and why this is relevant to the Jameson Graduate Programme.
- Keep to the time
Time management is a vital part of being a Jameson Brand Ambassador. Show us that you can include all the necessary and relevant information in a 2-3 minute video and needless to say, get your application in on time!
- Make sure your written application and your video mirror each other
Bear in mind that during our review process, we take a look at your written application and your video together. Make sure they both contribute to your overall story and there is a consistency between the 2 – just like the relationship between a good book and the movie version!
If you are looking for some inspiration on how to make your application video check out videos of past successful application video’s on our YouTube channel.
Online applications for this year’s Graduate Distiller Programme close at 13:00 on Wednesday, 16th November 2016 and applications for the International Graduate Programme applications close at 13:00 on Monday, 16th January 2017. Visit our dedicated graduate recruitment website here to get your application across the line.
Guest blog: Want to work as a trainee Chartered Accountant? Advice from Deloitte trainee Ronan FogartyPosted: October 3, 2016
For any trainee Chartered Accountant beginning a training contract or working through one, there are some key skills that one should focus on developing. Here Ronan Fogarty, an audit trainee with Deloitte, offers his advice based on his own experience ‘on the ground’…
Make a good first impression
When starting a new contract, you will meet so many new people – fellow trainees, managers, partners and clients. This will continue right throughout your training contract. Given the nature of professional services firms, the dynamic can change very quickly – you will find yourself working with different teams on various clients and projects, new trainees will arrive and new clients will offer new opportunities. A good first impression goes a long way in developing yourself as a person, your career, as well as the firm you are working for.
You hear it and read it all the time, but it is true that communication is one of the most important skills that anyone can develop. Be confident and informed about what you are saying and say it in a manner that ensures you are heard. Whether it is a meeting, a phone call or an email, be prepared. Introduce yourself properly, be polite, be aware of the facts and know what you are looking for.
Be adaptable and flexible
Each day, you will be met with a new challenge and you must be ready to face it head on. You will be completing several sets of exams on your journey to becoming a Chartered Accountant while working full time. Therefore it is vital that you are adaptable to situations you may find yourself in, whether it is in front of a client, or in front of a book for that exam next week. It is also important that you are able to manage your time efficiently. Being prepared and organised will stand to you, whatever the situation. Where possible, it is also important that you learn to apply your knowledge from exams in work and vice versa. Doing so shows that you have a drive to succeed.
Be confident in your ability
You would not be at this career path if didn’t have the proven ability. All trainees should strive to be confident (but not cocky!) about what they are doing and become well versed in the areas in which they work. You should take initiative to do more and stand out from the crowd. There are always opportunities to voice your opinion and make a difference. Trainees are encouraged to bring new ideas to the table and innovate. That is the way of the future.
As a training contract focuses on both work and education, it is important that both are well organised. It is important to show that you can work efficiently and productively, and manage your time well. Whether you are a trainee in audit, tax or corporate finance, it is important to take responsibility for areas that are assigned to you and understand how your work fits into the overall deliverable for the client. It is also important to learn how to ask questions and prioritise tasks in order to meet deadlines.
Be a team player
Working as a trainee accountant in any firm will undoubtedly require you to be able to work as part of a team. This is where all of the above come together. Any team is only as strong as its weakest member, therefore, if you do your part and are adaptable, flexible, confident, organised and are able to communicate well, the team will benefit.
And just one final piece of advice – embrace it! A training contract offers so many opportunities – working with clients in exciting and fast-paced industries, learning from colleagues with great experience and expertise, and getting involved in firm activities – be it CSR initiatives or the firm’s clubs and societies. Make the most of it and get involved. It’s only going to stand to you.
Want to learn more about a career with Deloitte? Meet the Deloitte team at the Graduate Careers Fair at www.graduatecareersfair.com