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Prospects for Cambridge first-degree graduates remained excellent in 2000. 63% went straight into employment or directly related training, 29% into some form of further study, and less than 2% were known to be still seeking employment or further study. |
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The Report details the very considerable amount of work done with student societies and organizations. |
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Major progress was made with providing information on-line and with enabling students to book for many events via the website, thus providing important elements of the service for twenty-four hours a day, seven days a week. |
Prospects for Cambridge first-degree graduates remained excellent in 2000. Changes in the way that data is collected have made it extremely difficult to compare the statistics with those of previous years. On the new definitions, 63% went straight into employment or directly related training, 29% into some form of further study, and less than 2% were known to be still seeking employment or further study.
The destinations of 76% of first-degree graduates and 66% of higher-degree graduates were known. These are lower figures than in previous years, a result of new methods of collecting data imposed by the Higher Education Statistics Agency (HESA).
Thirty-one graduates entered the Civil Service and local government in non-technical roles. In addition six became public sector researchers and eight entered the armed services. Twenty graduates entered social work and related professions.
Forty-four first-degree graduates went on to do a P.G.C.E. - a considerable decline on the previous year's figure of 70. A further 41 graduates entered work in the education sector, of whom all but seven were in teaching roles. 89% of Homerton graduates for whom details are available went into employment in education, predominantly teaching. 93% of the 161 trainee teachers from the University P.G.C.E. course also entered employment, almost all in the education sector.
Of the 204 graduates who entered financial work, 86 went into banking/investment management, 57 entered chartered accountancy, and a further eight joined financial services firms as tax consultants. Nineteen graduates entered the insurance industry and there were four economists. The remaining 28 graduates were spread between a number of financial sectors including financial management in industry (8), the public sector (4), and commerce (2).
One hundred and eleven graduates entered management consultancy and 77 graduates entered computer consultancy but there were 121 graduates altogether recorded as going into ICT jobs. The total number entering industry in all capacities was 86.
54% of Master's-Degree students continued with further postgraduate study and 38% found employment, 60% of them in the UK and 40% abroad. Only 4% were still seeking employment. By contrast, 90% of the Ph.D.s whose destinations were known entered employment, 69% working in the UK and 31% abroad. Of those entering UK employment, 167 did so in higher education and 43 entered industry. The number still seeking employment was again small (4%).
24% of the M.B.A.s entered management consultancy, with investment banking coming a close second (23%). The average salary before starting the M.B.A. was £36,000, with students seeing an increase of 78% (average) on completion of the course. The UK was the most popular location for post-M.B.A. jobs, 50% compared with 24% pre-M.B.A.
Table 1 gives statistical details of the first destinations of all Cambridge graduates in 2000. Table 2 gives a breakdown of the main types of work entered. Table 3 shows the employment distribution for all levels of Cambridge graduate. Statistics for Homerton graduates appear separately in Table 4.
The Report discusses three topics of current interest: the Service's work with student organizations, developments in its use of IT and information management, and changes in the external environment within which the Service operates. The Report also describes the wide variety of activities organized by the Service.
In addition to a national review of Careers Services in Higher Education for the DfEE, the Quality Assurance Agency (QAA) has published its Code on Careers Education, Information, and Guidance. Both will affect the University and the Service. In addition, the Association of Graduate Careers Advisory Services (AgCAS) has published a set of professional standards with which it is expected that all member services will comply by about 2003 or 2004. Work has already started in the Service to identify those areas where change may be needed or where action may have to be taken.
The Service organized an even larger number of successful Events than in previous years. In October the Banking Event was attended by some 700 students and 21 banks and the Management Consultancy Event by 750 students and 26 employers. The Law Event, held for the first time in November rather than the Lent Term, attracted 80 organizations and over 500 students.
The Careers Information Fair in November was again highly successful, with 161 exhibitors and 3,300 students participating over two days. A successful Teaching Event was run for the third year. The Media Careers Evening in January attracted a capacity audience with 63 organizations and fields of work represented and 820 students attending. 'One World Works: not-just-for-profit' in February was again run collaboratively with the Students Union: around 1,100 students and 70 exhibitors participated. Finally, the CamConnect fair brought together 30 local employers and 300 students.
In September 2000 we distributed our Careers Service Guide to all penultimate- and final-year undergraduate and graduate students, a larger distribution than in previous years. This also included our termly Diary as a supplement with a cover in a matching house style.
At 162, the number of employer presentations was of a similar order to the previous year (172). The Michaelmas Term has probably reached its presentation capacity which may account for an increase of activity in the Lent Term of 2001.
We were approached by 656 new employers in the academical year 1999-2000 and the current year (so far) is running at a similar rate. E-business has featured steadily, as have smaller and US-based finance houses. Anecdotal evidence suggests that there is an increase in employers seeking postgraduate students (M.Phil.s and Ph.D.s) and M.B.A.s.
Copies of the full Report may be obtained from the Director, University Careers Service, Stuart House, Mill Lane, Cambridge, CB2 1XE.
NB:Tables 1-4 are provided online in the form of Adobe Acrobat PDF file.Notes on viewing PDF files are provided.
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