I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Tuesday 17 July 2007

29 graduates chasing every new vacancy

Competition for degree-level jobs is so intense that every vacancy is being chased by 29 new graduates, according to the latest graduate recruitment survey.

Consumer brands companies such as Unilever and Procter & Gamble, lead the way with 104 applicants for every graduate vacancy, compared with 50 for insurance companies, 26 for investment banks and 10 for accountancy firms.

Carl Gilleard, chief executive of the Association of Graduate Recruiters, said that, with increased competition for the best talent, the majority of employers were asking for a 2.1 as a minimum qualification.

“With such large numbers of applications for every vacancy, employers have to find a way to reducing numbers to a manageable size.

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