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THE HERALD FRIDAY JANUARY 13 2017


31 Education


Graduates expect low wages UK STUDENTS now graduate


with far lower wage expectations than their parents, with more than one in seven (15%) expecting to work for less than the national minimum wage a year after graduating, according to Endsleigh, the UK’s number one student insurance provider. The survey of over 1,800 students


reveals that more than three quarters (76%) of UK students expect to be earning less than the national average salary (£26,500) in their first year after graduating. Furthermore, only one in 50 (2%) of students expect to earn over £30,000 or more in their first year after graduating, less than one in 33 (3%) students expect to earn nothing at all. However, it doesn’t end with


concerns about wages. Students want their work and study to overlap, with two thirds (66%) saying it is ‘very important’ to secure a job suitable to their new qualifications. Yet, less than a third (30%) actually expect to be working full-time in their chosen


career one year after graduating, highlighting a glaring disparity between the high ambitions of students entering university and the more realistic expectations of those leaving. Despite this sense of uncertainty,


it seems students are responding pragmatically. More than one in five (22%) say they’re willing to compromise on the industry they want to work in to get a job, and one in four (25%) are taking matters into their own hands, stating they either currently own their own business or plan to in the future. This more flexible approach


from students and graduates is understandable when you take into account several years of straddling the world of work and study. With rising fees and the added pressure of student loans, there is an understandable period of uncertainty for many young people after graduating. Julia Alpan at Endsleigh says:


“The cliche of going to university and leaving with a guaranteed job


offer is no longer a reality for many in such a competitive job market. It is encouraging to see so many bright young minds turning their hands to entrepreneurialism or demonstrating the flexible outlook to make it work in


a changeable job market. “Endsleigh was founded to ensure


students would have access to fair insurance during their studies, but we know that finishing university does not mean young people no longer need


financial protection. We are here to give young professionals the support they need whilst they find their feet after university and develop their careers.”


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