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Masters Graduates more likely to find work
Masters graduates fared better in the early days of the recession than those leaving university with their first degree, research suggested today.
The unemployment rate for students who graduated with a masters in 2008 stood at 4.1%, up from 3.7% in the previous year, an analysis of official figures by Hecsu, the Higher Education Careers Services Unit, shows.
In comparison, unemployment among first degree graduates in 2008 stood at 7.9%, a 2.4 percentage point increase on 2007, according to Hecsu figures published last November.
But the report warns that masters students graduating last year and this year are likely to face a tougher time in the job market.
The researchers analysed data published by the Higher Education
Statistics Agency (Hesa) to look at what 32,195 masters-level graduates were doing in January 2009, six months after graduation.
The findings show that those who had studied for a masters part-time
were less likely to be unemployed than those who had studied for the qualification full-time.
The unemployment rate for part-time masters graduates was 2.2% compared with 5.8% for full-time masters students.
The study, What Do Masters Graduates Do? says: "There were signs of recession in the job market for masters graduates from 2007/8, with an increase in unemployment from 3.7% to 4.1%. The unemployment rate for new masters graduates was higher for 2003/4 and 2004/5 graduates.
"Compared to the increase in unemployment for first degree graduates over the same time period, this cohort seem to have been less affected. As a result, it is likely the full effects of the economic downturn will be more apparent for masters graduates from 2008/9 and 2009/10."
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