In the latest What do graduates do? report Emma Lennox delves into the outcomes data for graduates of business and administrative studies subjects
The Graduates Outcomes data shows that 57.3% of graduates from all subjects surveyed were in full-time employment and 9.2% in further study. For business and administrative studies graduates, the equivalent figures were 61.2% and 6.3% respectively. Subjects included within this professional skills cluster include economics, finance and accountancy, business and management, hospitality, leisure, tourism, and transport, and marketing.
Business and administrative studies subjects showed consistently higher than average numbers of graduates in full-time employment.
Business and administrative studies subjects showed consistently higher than average numbers of graduates in full-time employment, the highest being marketing (68.7%) and the lowest finance and accountancy (58.8%), still above the all subject average of 57.3%. Civil engineering was the only other subject with higher numbers of graduates in full-time employment (72.1%).
The numbers of business and administrative studies graduates in part-time employment displayed a wide variance, ranging from 5.2% for economics to 14% for hospitality, leisure, tourism, and transport, perhaps reflecting the different nature of these industries.
Many graduates were pursuing further study while also working, showing the need for professional certification in financial sectors but also the flexibility of employers to support continuing professional development. Economics (13%), finance and accountancy (15.5%) and business and management studies (10.7%) were all above the average of 10.6%. Hospitality, leisure, tourism, and transport (7.7%) and marketing (7.1%) were among the lowest numbers combining working and studying.
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What do graduates do? 2023
Economics graduates who had undertaken significant further study had the highest average salaries. Even those economics graduates who had not undertaken further study had higher than average salaries, perhaps highlighting the range of professional career paths and graduate schemes open to this cohort. Hospitality, leisure, tourism and transport graduates had the lowest salaries reported, with marketing graduates close behind. This could reflect the different sizes of employers within these sectors and the competitive nature of the smaller number of graduate schemes available.
|Subjects||Average salary - no significant further study since graduation||Average salary - significant further study since graduation|
|Finance and accountancy||£24,136.0 - £26,090.0||£25,182.0 - £27,069.0|
|Business and management studies||£24,712.0 - £27,660.0||£24,796.0 - £27,542.0|
|Hospitality, leisure, tourism and transport||£21,770.0||£21,469.0|
The percentage of business and administrative graduates who classed themselves as unemployed, including those due to start work, averaged 6.7%, ranging from 5.4% for marketing to 7% for finance and accountancy and business and management studies. This compares with 5.9% for all subjects.
Overall, 9.2% of all-subject graduates were engaged solely in further study, compared to 6.3% of business and administrative studies graduates. This could reflect the number of courses where professional qualifications were included in the course (finance and accountancy 5.2%, business and management studies 5.6%). Economics graduates were almost double this figure with 10.7% in further study, perhaps indicating the requirement for professional accreditation in some sectors through ICAEW, ACCA and CIMA not available in their course. Marketing were the least likely of this cohort to be in further study at 4.1%.
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