Inspiring Talent For A Better World

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Stagnant UK Jobs Leads to and Increased Business School Enrollment

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Though the UK economy has finally crept out of a prolonged recession, the current forecasts are decidedly inauspicious. To begin with, the economy only grew by an anaemic 0.1% last quarter, which was less than expected. Job growth has also been slow or nonexistent.

While the unemployment rate did drop by 0.1% to 7.8%, that is 1.6% higher than last year. At present, well over 2.5 million people are out of work in the UK. This number is not expected to fall anytime soon as economists have predicted that UK jobs will be stagnant for the foreseeable future.

These numbers, as inconclusive as they may seem, have had a profound effect on the way people in the UK live their lives, especially young people. In fact, many students have been forced to reevaluate their career goals in light of the poor economy and the battered job market. Instead of taking their time and figuring out what they want to do with their lives, many students are simply seeking a programme of study that will help them secure employment when they graduate. That is why universities all over the UK have reported a substantial increase in the number of students that are applying to business schools.

Why business schools? Well, the numbers don’t lie. And the numbers tell us that the average business school graduate not only has a higher rate of employment after graduation, but also that he receives a higher starting salary than most other graduates.

Business Universities have also improved their image over the years. No longer are they stodgy old boy’s clubs. Today, the average business programs utilise some of the most exciting and advanced techniques and technologies around.