2Employability and Economics This talk will cover the followingWhat can you do with an economics degree?What do you want to do? Employment or further study?How you can improve your profile to get the right job, eg work experience, internships, University initiativesPlacements - what are they and how to get oneAdvice on how to write a good application/CVHow does the job application process work and how can you win this game?Come and see usJohn Peirson (Employability Officer), Keynes CG.07, Thursday 2-5pm,Sylvain Barde (Placement Officer), Keynes B1.12, Thursday 3-5pm,
3How To Decide What To Do With The Rest Of Your Life Probably is not the rest of your life, people change track and jobs many timesHowever, it is something you have to think about nowDo not embark on further study just to postpone your decision
4Make a list of your skills and things you would like to do in a job, eg interacting with people, data analysis, making money,.....Think about what jobs would involve your skills and wish listList of job types and skills at (I recommend the first)
5Prospects website www.prospects.ac.uk IncludingOptions with an Economics degreeOccupational profiles for 600 career areas
6Recent Economics Graduates Jobs Finance -Financial Services Authority, HSBC, JP Morgan, NHS Trust, PricewaterhouseCoopers, Schroeders, various Stock Brokers, Trainee Auditors, Standard & PoorsBusiness -BMW, Debenhams, Homebase, House of Fraser, Mothercare
7Other -Channel 4, Kent Tourism Alliance, PR Companies, Church social worker,
8What You Can Do Now?Think about what you want to do after your degree. The next two and a half years rush past and the serious student has to think about the future NOWConsider internships and work experience in the field you wish to work in. This is vital for getting jobs in highly competitive sectors like finance and advertisingThere are a number of University run initiatives
9What Does An Economics Degree Do For You? You are and going to develop a fantastic skills set-NumeracyData handlingIT skillsProblem solvingOral communication skills - presentations
10Oral communication skills - presentations Writing skillsEconomics is a way of understanding the worldGreat skills for getting many different jobsYou are lucky to have chosen EconomicsBe aware of the skills you are developing
11How To Improve Your Profile Work experience of some sortUse the internet, eg finance internship London (think where you will live)Use company websites, have to know them firstLook at Careers and Employability Services
12Firms look at A levelsThey often have minimum scores in UCAS points and need GCSEs, eg Maths and EnglishHowever, be realistic. No point in wasting effort
13If it applies to you, Look at Sponsors for Educational Opportunity (SEO) London superior educational support and career access to young people from under-represented and under-served backgrounds to help maximise their opportunities for university and career success. See Some deadlines on this may have passed
14Student RecruitersA number of organisations recruit good students for internships, jobs, etcThey then try to place these students with firmsBeware that getting onto the organisations’ books does not guarantee an internship or jobAdditionally, avoid any firms that charge for such services
15University Help and Advice The University’s Careers and Employability Service has a large website, friendly staff and a building just by the entrance to Keynes. SeeKent Union run a volunteering scheme thatallows students to record and attain awards for a large number of volunteering activities. See
16Job Market ForumThis is a School of Economics run Moodle module which you can register for, see the right hand button on the School of Economics home page https://www.kent.ac.uk/economics/index.htmlKeyword to register with is NetworkingThe Job market forum is for past and present Economics students who are in the job market. It is a forum for student discussion about jobs in general and employment adviceIf wish to receive a reference from a member of the School, we require you to upload your CV onto this site. In the first instance, you should be asking your personal tutor/academic adviser for a reference
17MyFolio MyFolio is the University of Kent’s student owned e-portfolio and Personal Development siteIt is a personal develop planning (PDP) toolIt is designed to help you set and achieve personal and employment related goalsMost usefully, it records your achievements• It is at https://myfolio.kent.ac.uk/myfolio/
18Employability Points Scheme This University of Kent scheme provides students with the means to demonstrate activity across a range of activities.The scheme has links with a number of external firms and organisations. Students can get work experience with a number of participating companies through obtaining pointsMore details ator contact
19University of Kent Careers Employability Award The University of Kent Careers Employability Award helps students to identify and planPossible future careersPotential employersThe student’s employment skillsPresent these skills in CVs and job applicationsThe award takes about 12 hours, is free, undertaken online using Moodle and further details can be found at
21Placements I am the Placement Officer for the School of Economics. I am responsible for:Helping interested 2nd years find a good placementSupporting students while they are away on placementAssessing their placement report when they returnPlacements are probably the second best thing you can do to improve your employabilityThe first best thing is of course getting a top degree!!
22PlacementsWhat is a placement? How is it different from an internship?A placement is longer (1-year vs. 1-3 months)A placement is part of an assessed University program (degrees “with year in industry”)Additional benefitsYou are given more responsibilities – you learn more!You get paid a good wage while on placementYou stand a good chance of being offered a job afterwards
23Placements Costs / problems with getting a placement They are much harder to get in the first placeGetting a placement is as hard as getting a graduate jobThe recruitment methods are the same (this can be a +)Placements are getting very competitiveThey can disrupt your academic experienceYou spend much of your second year looking for a jobYou have to re-adapt to academic life when you come back
24Timeline for placements End of 1st year: Meeting for interested studentsPlacement information explained in more detailPut on a mailing listTalk by current/past placement studentsDuring the 2nd yearStudents make their applications throughoutI provide a series of placement sessions on CVs, competency tests, cover letters, etc.These are followed by one-to-one drop-in clinics
25Timeline for placements While on placement (between 2nd and 3rd year)Obviously, carry out the tasks givenWork on your portfolio of evidence on a regular basisI will be in regular contact to offer support and adviceOn your returnYou submit your assessment (portfolio of activities and reflective report)This is worth 10% of your overall degree
26What to do in 1st year if you’re interested Gather information on possible placements (especially the GES)Work on your CV and practice cover lettersCome to the meeting at the end of the yearThis is so you can be added to the mailing listYou do not need to change to the “year in industry” program at this stageIf you are not “with year in industry”, the switch is done in your 2nd year, once you have a placement.
27What to do in 1st year if you’re interested If you are interested by a placement, what is the single most important thing you can do at stage 1?Focus on your studies and get TOP grades!Just because you get told “the first year doesn’t count” doesn’t mean “the first year doesn’t matter”Your first year transcript is the only thing you will have to go with when applying for placements in 2nd year.What are the odds on securing a placement at UBS or Goldman Sachs if you get less than 60%?
29The Process of Applying It varies a lot between different firms and types of work experience and jobs (obviously latter are more intensive)Some mix ofOnline/paper applicationCV + cover letterOnline tasksCompetency questionsInterviewGroup tasks (wear a watch!)It is hard work making applications and the application process is tough
30Competency TestsYou may need to know about numeracy and other competency tests. Come to see us and/or look at
31SOME DOs & DON’TsQuality of application is important. This takes hours and days of time. Take it seriouslyResearch your applicationClamp down on the security of Facebook and other social network stuff
32CURRICULUM VITAEEven if the application is online, the following rules still applyList of education, work and other experiences related to getting you a job or placementYou are trying to match your skill set and experience to those that are required for the jobMake a list of the job requirements and make sure your CV match these. Use your brain, job description or look ator
33So have to alter CV to fit the work experience you are looking for Have a basic CV but make it fit the skills etc. required for the different work experienceCVs are just the beginning of the application processCVs are often used as a filter to get the number of applicants down to a reasonable numberCVs have to be easy to read. Use bullet points (one-liners)
34They are an advert for you. They are often read in less than 30 seconds Think clearly about the design and order of presentationNo more than two sides (backed or unbacked?)Some like one side. But a CV must be clear and bring out the message that you have the skills they want
35Personal Profile - You can put a short personal statement at the beginning summarising the type of person you are and matching the requirements of the internship/job. They sometimes look awfulDo not have complicated boxes or tables, do not repeat yourself a lot, eg putting your school next to each educational qualificationPosition the really good things so they catch the eye. Not every word of your CV will be read closely. So good things go first or last in a clearly labelled section.You have to put exam results down. If they are not good, think about whether a job is for you.
36What Is In A CV? Contact Details Personal Profile Education: University, A levels (or equivalent) and GCSEs (or equivalent) but not in full detail, but make it clear what overall grades you got and that you have maths and English languageExperienceSkillsOther achievements, eg Duke of Edinburgh Silver
37COVER LETTERBe clear whether a covering letter or letter of applicationA covering letter is a short introduction of yourselfWritten in clear English – no mistakes. Short sentencesMake sure that it matches the requirements of the jobYou can make no more than 3 short pointsTry to have a name you are writing toShow that you know the firmDo not go over the top
38COVER LETTER Start with you and what you are studying? What you are applying forShow knowledge of firm/gov department etc and link yourself to the job/firm/departmentEnd with something like looking forward to hearing from you
39CAN YOU IMPROVE YOUR PROFILE? Difficult as pressure of academic workMay need to apply for internships and work experience. Especially in the financial sector. Be realisticApply to smaller firms for experienceWill you be paid for internships? NoIf you do not get a good summer internship, paid summer employment of any kind (specially if it involves long hours) looks good and is much better than nothing
40How We Can Help YouWe will help you, but most of the effort will come from youWhat do you want? Talks from the Careers Service (about what)?Help with thinking about what you want to doLooking at CVs and applicationsAdvice about the job application process, eg numeracy tests, interviews etc.
41If you have any questions or want some advice get in contact with me John Peirson,Talk to your Academic Adviser. More specific advice from us or the Careers and Employability ServiceIf you have any year in industry questions please see our Placement Officer, Sylvain Barde,