June 3 2015: 61% of final year students are confident they will be working within 12 months of their graduation - two in five (44%) in the career of their choice – according to Endsleigh, which has been insuring students and young professionals since 1965 and is celebrating its 50th anniversary this year.
Endsleigh’s 2015 student survey, which surveyed 3,053 students, including 1,046 final year students, also found that 35% of final year students anticipate earning more than £22,000 in their first year after graduating, 9% of whom think they will be paid more than £30,000. 27% expect to be paid less than £16,000.
The survey, which was conducted by the Insight Team at NUS on behalf of Endsleigh, also found the teaching and education sector to be the most popular career choice for final year students, favoured by 16%, while 11% opted for healthcare, 6% accountancy, banking or finance and 4% for law. However, students do not think landing this dream job will be an easy feat as two thirds (67%) would be willing to compromise on their chosen career path in order to secure employment within this time frame.
Looking further ahead, 17% of the final year students questioned said they expected to have achieved their career aspirations within their first five years of working, whilst a further 53% said they believed they would be on track to do so at this time. In general, the survey showed that students expected to be established in their careers by the age of 29 – with a competitive 30% saying that they wanted to achieve this particular milestone before their friends did.
When asked about how they envisaged their lives following university playing out more generally, students said that they expected to own their own home by the age of 29 and to have paid off their personal debt by the age of 30. When it comes to relationships, the survey found that students envisage moving in with their partners at the age of 26, tying the knot by the age of 29 and having their first child at 30.
Of those already in relationships (35%), almost two thirds (64%) said they expected to marry their current partner, while 5% said they planned on having at least one other relationship before settling down. While most of those who intend to marry say 24 is the age to start planning for this, 21% of students have already started saving for their big day.
Sara Newell, Head of Student & Graduate Markets at Endsleigh said: “As final year students prepare to graduate this summer, it is clear that their outlook on life over the coming years is extremely positive – but they are by no means leaving this down to luck. Having worked hard at university, final year students show no intention of taking a step back as they move into life after university. Finding full-time employment in the career of their choice is clearly a priority and becoming established in whichever career they end up pursuing is of huge importance. The results also showed that final year students are equally as ambitious when it comes to their personal lives– with milestones such as buying their first home and getting married firmly on their agendas too.”
Endsleigh has worked with top experts to create practical and useful advice for young professionals.
MD of Liquid PR, Jason MacKenzie, and CEO of Allied Wallet, Andy Khawaja, provide useful and practical tips on how to get a pay rise and promotion in 2015. Ray Boulger of John Charcol will also be offering advice on how to get a mortgage, clean up your credit and how to realistically save up for your deposit and Milkround offer practical advice on how to decode interview questions by looking at what your interviewer is really asking.
Notes to Editors
The survey was conducted online during April 2015 and surveyed 3,058 representative university students.
Celebrating its 50th anniversary this year, Endsleigh is the trusted brand for student insurance, and the only insurance provider recommended by NUS.
Endsleigh is an intermediary specialising in the provision of insurance and financial products for career people and has been wholly owned by Zurich since 2007.
Originally founded in 1965 to serve the student market, Endsleigh has since broadened its products and services for graduates and professionals, as well as being the preferred insurance supplier for a variety of trade unions and professional organisations. The company offers a wide range of services including motor, home and travel insurance.
Endsleigh also offers business insurance through Endsleigh’s Business team and financial advice through the Endsleigh Financial Advice team.