Graduate job market faces tough times |
| Nearly half a million graduates entered the workforce this summer carrying average student debt of £47,730, while graduate vacancies are forecast to fall 7% in 2026. Employers now receive about 140 applications per graduate job, compared with 38 two decades ago, and increasingly use online tests and one-way virtual interviews to manage demand. Graduates describe the process as lengthy, impersonal and uncertain, with 35% believing AI is damaging their career prospects. However, employers including Accenture argue AI could instead shift junior roles towards higher-value work. Raena Connelly, Accenture’s UK and Ireland head of HR, said: “We see AI changing early careers rather than diminishing them.” Universities are also expanding placements, internships and careers support as students increasingly view degrees as routes to employment. Employers continue to emphasise critical thinking, judgment, communication and other human skills, while economic growth remains central to improving graduate opportunities. |
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