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Deloitte reports surge in graduate job applications

31 Dec 08

Professional services firm Deloitte has reported a 34 per cent rise in applications for graduate positions at its Scottish business, led by a 59 per cent hike at its Edinburgh office

Deloitte, which works in areas from accountancy to insolvency, is planning to take on about 1,000 graduates across the UK in 2009, roughly the same number as in previous years. Many other firms are cutting back on new staff, intensifying demand for the jobs still available.

Deloitte said that applications in Scotland have been increasing for the past few years, and concern about student debt and the availability of graduate positions had encouraged more to apply early for 2009.

Across the UK, applications rose by 40 per cent. Jim Boyle, talent partner for Deloitte in Scotland, said: “I’ve found that some graduates who might ordinarily take a post-university gap year have been applying to Deloitte during their final year rather than wait until they return.

“The number of applications to the three Scottish offices for 2009 is very healthy and testimony to the quality and range of jobs available at Deloitte.”

Sarah Shillingford, graduate recruitment partner at Deloitte, added: “The economic climate has not affected our graduate recruitment plans. At this stage, we are anticipating around 1,000 graduate vacancies, broadly the same number as in previous years.

“A number of graduate recruiters have cut recruitment and, as a result, more students are competing for our positions than ever before.”

The company said that graduates were keen to find a stable job amid rising student debt.

Research from Highfliers revealed that, over the past ten years, student debt has more than trebled. The average debt of a student leaving university in 2008 was £11,600 compared with just £3,200 in 1999.

Shillingford added: “Students graduating in 2009 face a tougher job market than those who graduated in previous years. The value attributed to job security is higher than I have seen before, both in terms of the employers they are attracted to and the timing of their applications.”

 

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