The Class of 2022 need not fear a downturn in the jobs market. Despite the high profile layoffs and crypto crash, job opportunities for graduates have grown strongly year-on-year and pay rates on offer are rising, according to new research from smarter job search engine Adzuna.
May 2022 saw 14,690 graduate job vacancies advertised across the UK, +59% higher than 9,265 this time last year, as employers tap up new graduates to plug gaps in their workforces.
In a bid to attract talent, pay rates are also rising. Advertised salaries on offer for graduate openings have climbed to 26,076 in May 2022, up 7% year-on-year from 24,389. It marks a six year high in advertised salaries for graduates. Furthermore, in the most competitive sectors, pay rates have hit new heights, with salaries of up to 70,000 on offer.
Graph 1: Graduate job vacancies and advertised salaries since 2020
However, competition for grad jobs remains hot. With around 540,000 UK students set to graduate this year…