Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
young graduates celebrating - Business Express
high school students graduates tossing up hats over blue sky.

Graduates hit hard by pandemic: employment opportunities tumble 66%


Graduates hit hard by pandemic: employment opportunities tumble 66%

6 July 2021

– Graduate and training vacancies down 66% on pre pandemic levels
– Graduate and early careers arena faring worse in 2021 than at height of the pandemic
– Number of applications per graduate vacancy up 46% compared to pre-pandemic levels

Vacancy numbers for graduates and trainees have been hit hard by the pandemic with the number of roles in the first half of 2021 down 66% when compared to the same period in 2019. That’s according to the latest real-time statistics from the world’s largest network of job boards, Broadbean Technology.

Graduate employment opportunities hit hardest by pandemic

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Broadbean’s data not only reveals that graduate opportunities are down on the pre-Covid levels of 2019, but they are also down 34% when compared to the first half of 2020 when the UK was in the grips of the pandemic. This suggests that, while the employment market as a whole is recovering exceptionally well – with the latest ONS data revealing a recovering jobs market for the second month in a row – the same cannot be said for the graduate and early careers arena.

With graduate opportunities falling, it is perhaps unsurprising to see that Broadbean’s data also reveals that applications per vacancy stand at 51 for 2021 – up 46% on 2019 numbers. This is indicative of the increased competition for graduate roles as employment opportunities tumble for trainees.

As Alex Fourlis, Managing Director at Broadbean Technology explained:

“It is concerning to see that graduate and early careers recruitment is faring considerably worse than other areas of the employment market. The fact that vacancy levels today are considerably lower than during the pandemic suggests that while employers are investing in experienced talent at a time when many sectors are contending with skills shortages, there is a real threat that this dearth of talent will be exacerbated in the coming months and years if graduate and early careers recruitment isn’t prioritised by companies”.

 

Recent Post: