Still languishing around in a post-degree admin job? You're not alone. One in ten of last year's graduates are still out of work, and a quarter are in dead-end jobs bearing no relation to what they have studied.
The figures, published yesteday by the Higher Education Statistics Agency, will highlight the decreasing value of getting a degree, particularly when tuition fees are set to rise to around £9,000 a year.
Researchers found that a mere 56 percent of those employed were in an 'occupational' job, with the average salary around £20,500, – just below the £21,000 mark at which they must start repaying their student loans back.Michael Ossei, personal finance expert at uSwitch.com, commented on the growing dilemma faced by would-be students: ‘Going to university used to be the norm, but it is now becoming a catch-22,’ he said.
While universities minister David Willetts said: ‘The graduate jobs market is showing encouraging signs of improvement. However, graduates still need to work hard to maximise chances of success.’