An article in the Guardian on 17th February posed the question, “Which city is the best for graduate prospects?” As you might expect, the obvious answer is London:
“London is the immediate thought for many university leavers, as it offers the most grad schemes, work placements and comes with the buzz of working in the capital … It also boasts the top three graduate recruiters this year; Pwc, Deloitte and Teach First all have their head offices located in the capital.”
However, as attractive as London is for graduates, there are a good many turn-offs, such as rush-hour tube journeys and the high cost of property. In addition to this, because so many graduates tend to gravitate towards the capital, competition for places is far greater than elsewhere in the country.
What about outside London? The piece went on to say that although London is by far and away the biggest graduate hotspot in the country, it is by no means the be-all-and-end-all of graduate employment and there are in fact a good number of alternatives:
“While London is undoubtedly still king in terms of graduate employment positions available, there is sufficient evidence to indicate that giving the capital the thumbs down does not equate to drastically lowered employment chances. Roles at leading employers are available all over the UK and often come with improved living standards and cheaper amenities.”
What the piece didn’t do is look at where exactly those other graduate jobs are. This is where we can pick things up by using our data to add some figures to the picture. So firstly, let’s take a look at the number of graduate jobs in 2014, with projections up to 2017, by region:
|Gov't Office Region||2014 Jobs||2017 Jobs||Change||% Change||Annual Openings|
|Source: EMSI Covered Employment - 2015.|
|East of England||736,908||753,304||16,396||2.22%||35,656|
|Yorkshire and the Humber||618,555||627,080||8,525||1.38%||28,252|
There are a number of points of interest here:
1. In terms of sheer numbers, there were over 8.5 million people working in jobs that require graduate level qualifications in Britain in 2014
2. Our forecast shows that this number is set to rise to over 8.7 million by 2017
3. As we would no doubt have expected, London comes out on top in terms of numbers of graduate jobs, with over 1.8 million, and the numbers are expected to rise by almost 44,000 by 2017
4. All regions throughout the country look set to see a rise in graduate level jobs over the next few years
5. Each region looks set to see a significant number of graduate level openings over the next few years (the openings figures are much higher than the change figures, as they do not just measure job growth, but also natural job churn due to things like retirement and replacement)
The data therefore shows that there is likely to be a growing demand for degree level employees throughout the country over the next few years, but can we be more specific than this? The answer is yes, and by digging deeper into our data down to the County / Unitary Authority level, we can get a better picture of where graduate demand is likely to be at a more local level:
|County/Unitary Authority||2014 Jobs||2017 Jobs||Change||% Change||Annual Openings|
|Source: EMSI Covered Employment - 2015.|
|Isle of Wight||12,944||13,651||707||5.46%||795|
|Blackburn with Darwen||21,181||22,335||1,154||5.45%||1,278|
|Inner London - East||469,468||486,469||17,001||3.62%||25,168|
|Brighton and Hove||43,055||44,519||1,464||3.40%||2,271|
This table shows the top 15 County/Local Authority areas in the country, in terms of proportionate growth in graduate level employment. The picture is revealing for a couple of reasons: firstly, with the exception of Inner London East, all the fastest growth areas are found outside the capital. Secondly, the table doesn’t feature any of the top 10 largest cities in the country.
But what of those other large cities? Is there growth to be found in any of them? The answer is yes, as the following graph shows:
What this graph shows is the nine largest cities in the country after London (in terms of population), with the increase in graduate level jobs from 2014-2017 in green, and the number of annual openings in blue. As you can see, all of these cities should see growth in graduate level jobs over the next few years, with Glasgow set to see the largest growth of all, with almost 3,000 graduate level jobs added by 2017. In addition to this, there are also a significant number of graduate level openings in some cities, with Birmingham, Glasgow, Leeds, Manchester and Edinburgh all set to see more than 5,000 openings per year.
Of course these figures are small in contrast to London, which is set to see an increase of almost 44,000 jobs requiring degrees between 2014 to 2017, and with openings of 91,393 per year. However, whilst this shows that London is very much still the place for graduate positions, our data shows that there should be significant opportunities for graduates to seek employment elsewhere.
For more details about our graduate level data, contact Jamie Mackay at email@example.com