The hiring rate for Graduates in the UK has dropped 76% since January 2020. There are currently 3,401 graduate jobs being advertised, with the high watermark for grad hiring in 2020 in mid-February (14,938 open roles). With such a precipitous drop in job openings, and thousands of graduates flooding the market this summer, our data suggests that competition will reach an all time high, with over 100 graduates battling it out for every single open position.
The regional split of current graduate hiring can be found below, along with the average salaries paid (live as of 6th May 2020). Looking at year-on-year salaries at a UK level, rates of pay have held up surprisingly well. The average advertised salary for a graduate role in H2 of 2019 was £24,000, this has dropped fractionally to £23,200 in 2020 (-3.3%). It would appear that those who are still taking on entry-level staff are prepared to maintain wages. The top companies still taking on graduate staff in May and actively advertising on Adzuna are AECOM, KPMG and BAE Systems. Deloitte, EY, KPMG and PWC are still yet to disclose any changes to their graduate recruitment efforts. Banks such as Lloyds and Santander have cancelled their summer internship programmes.
Current graduate jobs being advertised and salaries:
|Region||Live Graduate Jobs 6th May 2020||Average Salary|
|South East England||550||£25,675|
|North West England||346||£19,906|
|South West England||226||£25,793|
|Yorkshire And The Humber||186||£21,105|
|North East England||63||£23,485|
Graduate jobs by Sector
How is the UK fairing against Europe & the U.S?
|Country||% fall in graduate recruitment (Jan to May 20′)|
Andrew Hunter, Co-founder of Adzuna remarked “The summer of 2020 looks set to be extremely challenging for graduate job hunters. In the 10 years we have been collecting and analysing employment market data, I have never seen such a huge supply and demand imbalance. Competition for the few remaining graduate roles will be intense: we anticipate there being well over 100 candidates applying for each vacancy and further big cuts to entry-level recruitment to come. Much like the 08/09′ recession, graduates recruitment is proving to be one of the hardest sectors hit.”
For a complete list of all live graduate jobs click here