Chartered Association of Business Schools publishes analysis of latest Graduate Outcomes dataThu 16th Feb 2023
The Chartered Association of Business Schools has today published its analysis of the third edition of the Higher Education Statistics Agency (HESA) ‘Graduate Outcomes’ survey. The survey is the largest UK annual social survey and captures the status of recent graduates 15 months after they finish their studies. The latest survey relates to those who graduated in the 2019/20 academic year.
The Chartered Association of Business Schools’ analysis specifically considers the outcomes and destinations of Business and Management graduates.
The employment rates of Business and Management first degree graduates are the third highest amongst all non-science graduates. Furthermore, Business and Management postgraduates enjoy higher than average employment rates amongst all postgraduates. Data on average employment rates by institution type is included for the purposes of benchmarking.
Geographic patterns of employment
For the first time, this year’s report contains details on employment by location for UK graduates, including the proportion of graduates finding employment within the region from which they graduated. There are several regions, including London, in which more than half of business school graduates found employment within the region in which they graduated.
As well as enjoying higher levels of employment than most, the HESA data indicates that many Business and Management graduates are likely to earn more too. Around 20% of Business and Management postgraduate leavers say they were earning above £39,000. For comparison, the average amongst all subjects is 13%, while the average amongst non-science subjects is just 8%.
Perhaps unsurprisingly given the subject nature, of all UK degree leavers who were running their own business 15 months after graduation, 25% graduated from the Business and Management subject area, the highest proportion of any subject area.
Further study status and graduate views on current activity and wellbeing
The analysis also includes a breakdown of further study rates and types of further study by qualification sought, in addition to a section on graduates’ own views on their current activity and perceived wellbeing.
Professor Robert MacIntosh Chair of Chartered ABS and Pro Vice-Chancellor, Faculty of Business and Law, Northumbria University said:
“The report from the Chartered Association of Business Schools is published at an important time for the UK’s higher education sector. To observe that the policy landscape remains changeful would be to understate the post-pandemic, post-Brexit world in which universities are operating.
The focus on outcomes from higher education is important and the graduate outcomes reported here represent the culmination of hard work by thousands of colleagues in business schools across the whole of the UK. They should be celebrated.”