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1 Take a copy of the Quiz Fill it in before we start, then review your answers as we go

2 CAREERS ESSENTIALS AN INTRODUCTION TO THE GRADUATE JOB MARKET STEPHEN GURMAN UCL Careers

3 What we ll look at today.. How much do you know? An introduction to the graduate job market Graduate schemes vs Graduate jobs What employers are looking for Insights for international students Competition and timelines

4 Career Essentials: resources and recordings Search UCL Career Essentials

5 What s coming up Talk: Your future & how to work towards it 15/10/2018 Talk: Make the most of the UCL Careers fairs 16/10/2018 Workshop: Practice aptitude & other psychometric tests 17/10/2018 Talk: Better PhD applications 17/10/2018 Talk: An introduction to the graduate job market 22/10/2018 Talk: Improve your CV 23/10/2018 (TBC) Talk: Find & fund a PhD 24/10/2018 Talk: Interview Success 25/10/2018 Workshop: MBTI 26/10/2018 Talk: Better Cover letters, application forms & statements 26/10/2018 (TBC) Talk: Improve your CV 29/10/2018 (TBC) Talk: Considering a Masters 31/10/2018

6 UNDERSTANDING THE (UK) GRADUATE JOB MARKET

7 Graduate job market Beyond the UK GoinGlobal Search - UCL Careers GoinGlobal Country Guides Job hunting websites Internship opportunities CV and interview advice

8 Graduate scheme v Grad job

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10 Quiz Q1: The graduate job market. Characteristics Graduate Schemes Graduate jobs Structure 3 months to 3 years Majority offer rotations Professional qualifications Fast-track to future leadership Ad hoc Industry coverage Largely commercial focus All sectors Graduate intake Between 2 1, Recruitment timelines Internship/ work experience opportunities % of overall graduate vacancies available Typically 1 to 3 intakes per year Limited number recruit all year round Many offer internships. High % conversion to graduate job offer. Minority < 20% of circa 200K annual jobs for grad leavers Flexible (as required) Sometimes. Often sourced through being pro-active: referrals/ speculative approach Majority Competition Highly competitive Opportunity dependent

11 Quiz Q2: Vacancies by role/ career area

12 Sample UK Graduate scheme vacancy numbers 2018/19 (2017/18) Source: 1, ,350 (1,200) 400 (250) 1,000+ (900) ,500 (1,000) Source: GET Directory/ Times Top / (110) 38+ (60+)

13 Most attractive sectors First and Final year UCL undergrad students (sample size 600) Source: Trendence report 2017

14 But what if I m not interested in largely COMMERCIAL graduate schemes? Sectors International Development Media and broadcasting Publishing and journalism Creative Arts and Design Cultural heritage Government and Policy Environment Performing Arts Roles Policy Editing Marketing Campaigning Research Project management Sales Producing Planning

15 Sample UK Graduate scheme vacancy numbers 2017/18 Source:

16 Conclusions Consider sectors of interest and be aware how jobs/ experience are sourced: Some sectors far more competitive than others! Majority of opportunities in many sectors not sourced through Grad schemes. You re likely to receive rejections: Try not to be disheartened if do not receive offers from 1 st choices Very competitive marketplace Route to work is a learned skill Don t put all your eggs in 1 basket: Consider your motivation for applying Consider having a Plan A, B, C

17 ESSENTIALS Graduate schemes and internships Timelines

18 Typical Graduate Scheme / job recruitment Cycle Grad JOBS - Year round recruitment Grad SCHEMES start dates Grad SCHEMES applications window Grad SCHEMES recruitment, 18 selection and offers

19 Conclusion for both graduate schemes and jobs Race for talent - Don t wait for closing dates applications are reviewed as they re received Balance of timeliness of application Vs quality Motivation can be most difficult area to evidence Utilise UCL Careers events programme to meet organisations

20 How do you meet employers? / find vacancies?

21 ESSENTIALS Careers Fairs and Presentations programme (mostly graduate schemes) Management Consultancy: Wednesday 3 th October Banking, Finance & Economics: Tuesday 9 th and Wednesday 10 th October Life & Health Sciences Fair: Monday 15 th October (at The Francis Crick Institute) IT & Technology: Monday 17 th and Thursday 18 th October Engineering and Built Environment Fair: Monday 22 nd October Law Fair: Monday 29 th and Tuesday 30 th October Employer presentations (on and off campus) across the year All fairs take place in the North and South Cloisters of the Wilkins Building between pm, with exception of the Life & Health Sciences Fair that takes place at The Francis Crick Institute.

22 ESSENTIALS Sector Themed Careers Week programme (mostly graduate jobs) Government & Policy w/c 22 nd October Museums, Arts and Cultural Heritage w/c 12 th November Media w/c 26 th November Charities & NGOs w/c 28 th January International Development w/c 4 th February Sustainability Fortnight w/c 18 th February Life & Health Sciences w/c 4 th March

23 ESSENTIALS Sign up to personalised updates through your MyUCLCareers account. Find out about current jobs, events happening at UCL Careers and The Careers Group. ALERTS Be in the know!

24 Where to find advertised opportunities Graduate schemes Graduate jobs Prospects.ac.uk > job profiles Targetjobs.co.uk Insidecareers.co.uk Milkround.com Gradcracker.com

25 Quiz Q3: What are employers looking for? Graduate SCHEME criteria (%) Conclusions: 1. What you study does not determine what path you can follow 2. A 2.1 (standard) degree for grad schemes is often (not always) required (Postgrad qualification not generally an acceptable alternative) 3. Sector relevant or commercial work experience is not a requirement (but having it is a huge bonus) 4. Graduate job requirements not dissimilar though less emphasis on 2.1, more on relevant sector experience.

26 What s the competition like?

27 Limited graduate scheme opportunities Graduate-level opportunities Grad schemes Overall: 10K employers offering 200K jobs for leavers ISE survey 200 employers 20K Grad scheme opportunities Graduate Scheme opportunities Grad 'jobs'/ Direct entry Grad Jobs

28 Quiz Q5: Competitive marketplace Graduate SCHEME applications per vacancy Graduate JOBS applications per vacancy

29 International students (looking to work in the UK) Be mindful of visa requirements Most common - Tier 4 to Tier 2 (General) UCL Careers can t give immigration advice in one-to-ones Relatively few organisations will sponsor International students not evenly spread. Some industries more likely than others. Think professional services not charities and ngos (salary requirements, employer appetite for costs). Check employer website Contact organisations if not clear before applying (especially for a 2019 start) Apply early for graduate schemes Places fill up fast Be flexible Industry and location Have a plan B

30 Graduate scheme selection activities Conclusions: 1. Psychometric tests common and effective selection filter 2. Video/ phone interviews prevalent 3. Average lead time between application and offer 10 weeks 4. Invest in becoming expert potential candidate

31 Typical Graduate scheme recruitment process Online application form (11,598) 100% Online aptitude test (9,491) 81% e-tray exercise (2,706) 23% Assessment centre (567) 5% Job offer (188) 1.5% - 62 apps per place

32 Quiz Q7: How do people find jobs? Advertised job market Hidden job market Source: Office of national statistics

33 Where s the silver lining?

34 Quiz Q8: Reasons to be cheerful Many larger employers are actively marketing vacancies at around 15 UK universities: Top 10 usually includes UCL UCL candidates perform well: Don t be complacent, employers continue to see evidence of poor selection process know-how

35 Enjoy the rest of your day