Why UK graduates are worried about post-Brexit job prospects

- Leadership - Aug 25, 2016

A study conducted by graduate jobs site WikiJob shows how the UK’s university leavers feel following the vote to leave the EU.

Some 77 percent of those polled said they’d voted to remain within the EU and 83 percent of graduates are surprised the vote went the way it did.

The concern from graduates is quite clear with 39 percent saying they think it’ll be much more difficult to find a job following the Brexit vote. Only eight percent said they thought their chances of finding a job had improved.

We’ve already seen an immediate drop in new hires in the graduate sector but 68 percent of graduates think it’s very likely or probable that employers will continue to cut back on graduate recruitment for the remainder of 2016 and into next year.

As a result, EU graduates are now less likely to look for work in the UK with 34 percent saying they’ll look elsewhere. The impact is also being felt on the mainland with 24 percent of non-EU graduates saying they’ll be looking outside the UK for jobs.

As well as the impact on jobs, graduates also feel there’s going to be a larger negative effect on the economy. 83 percent of EU graduates think the economy will worsen following the Brexit vote and 52 percent of non-EU graduates agree.

WikiJob polled 800 UK, EU and non-EU graduates about how they felt about the EU referendum. The site’s audience is primarily in the 18-24 age group, 73 percent of whom voted to remain, this graduate poll showed a very similar preference to stay in the EU.

Read the August 2016 issue of Business Review Europe magazine. 

Follow @BizReviewEurope

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