A student’s university years are spent completing course work and making memories that will last a lifetime, but when it comes time to move on and enter the workforce students may want to look at their University towns for that first job. CareerBuilder and Economic Modeling Specialists Intl. (EMSI) released a new list of the top growing industries in five of the largest University towns in Britain.
“Our data shows that 63 per cent of employers in Britain plan to hire recent university graduates in 2014 and 21 per cent have increased their educational requirements over the last five years – making the scrap for university talent even stronger,” said Scott Helmes, Managing Director of CareerBuilder UK. “Companies realise that to tap into the wealth of knowledge and drive that new college graduates bring to the workforce, they have to be close to where they live and socialise early in their academic career. As a result we are seeing a variety of companies moving closer to University towns, which in turn is driving up job growth in those areas.”
The following five cities are known for their academic institutions and University jobs account for between 7 per cent and 21 per cent of the total number of jobs in the area;
Oxford
- Universities: University of Oxford and Oxford Brookes University
- People employed by the universities in 2014: 22,036 (21% of total jobs in Oxford)
- Change in jobs in the universities 2011-2014: 8%
- Other industries experiencing double-digit growth between 2011 and 2014 include:
- - Retail sale of second-hand goods in stores
- - Renting and operating of own or leased real estate
- - Publishing of journals and periodicals
- - Book publishing
Cambridge
- Universities: Cambridge University and Anglia Ruskin University
- People employed by the universities in 2014: 13,893 (15% of total jobs in Cambridge)
- Change in jobs in the universities 2011-2014: -7%
- Other industries experiencing double digit growth between 2011 and 2014 include:
- - Software publishing
- - Travel agency activities
- - Engineering activities and related technical consultancy industry
- - Computer consultancy activities
- - Hospital activities
Canterbury
- Universities: University of Kent, University for the Creative Arts and Canterbury Christ Church University
- People employed by the universities in 2014: 5,875 (10% of total jobs in Canterbury)
- Change in jobs in the universities 2011-2014: 13%
- Other industries experiencing double-digit growth between 2011 and 2014 include:
- - Management of real estate
- - Publishing
- - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Lancaster
- Universities: Lancaster University and University of Cumbria
- People employed by the universities in 2014: 4,317 (8% of total jobs in Lancaster)
- Change in jobs in the universities 2011-2014: 23%
- Other industries experiencing double-digit growth between 2011 and 2014 include:
- - Computer programming
- - Event catering
- - Dental practice
- - Construction of roads and motorways
Bath
- Universities: University of Bath and Bath Spa University
- People employed by the universities in 2014: 5,882 (7% of total jobs in Bath)
- Change in jobs in the universities 2011-2014: 7%
- Other industries experiencing double-digit growth between 2011 and 2014 include:
- - Performing arts
- - Real estate agencies
- - E-commerce
- - Advertising agencies
“Providing more career opportunities located around universities is likely to boost the number of alumni choosing to stay there and this will also have benefits for employers in the long-term, creating a network effect, said Dr. Sanja Licina, Senior Director, Workforce Analytics at CareerBuilder. “This growth is further fueled by significant difference in the cost of living, as prices in university towns are often lower than in other areas where most work opportunities are located (esp. London).”
About EMSI
Economic Modeling Specialists Intl., a CareerBuilder company, turns labor market data into useful information that helps organizations understand the connection between economies, people, and work. Using sound economic principles and good data, EMSI builds user-friendly services that help educational institutions, workforce planners, and regional developers build a better workforce and improve the economic conditions in their regions. For more information, visit www.economicmodeling.com.
About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping companies target and attract great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing everything from labor market intelligence to talent management software and other recruitment solutions. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com.