Presentation on theme: "WHAT TO DO AFTER UNIVERSITY. Employability and Economics This talk will cover the following What can you do with an economics degree? What do you want."— Presentation transcript:
WHAT TO DO AFTER UNIVERSITY
Employability and Economics This talk will cover the following What 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 initiatives Placements - what are they and how to get one Advice on how to write a good application/CV How does the job application process work and how can you win this game? Come and see us John Peirson (Employability Officer), Keynes CG.07, Thursday 2-5pm, Sylvain Barde (Placement Officer), Keynes B1.12, Thursday 3-5pm,
How 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 times However, it is something you have to think about now Do not embark on further study just to postpone your decision
Make 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 list List of job types and skills at (I recommend the first)
Prospects website Including – Options with an Economics degree – Occupational profiles for 600 career areas
Recent Economics Graduates Jobs Finance - Financial Services Authority, HSBC, JP Morgan, NHS Trust, PricewaterhouseCoopers, Schroeders, various Stock Brokers, Trainee Auditors, Standard & Poors Business - BMW, Debenhams, Homebase, House of Fraser, Mothercare
Other - Channel 4, Kent Tourism Alliance, PR Companies, Church social worker,
What 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 NOW Consider 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 advertising There are a number of University run initiatives
What Does An Economics Degree Do For You? You are and going to develop a fantastic skills set- Numeracy Data handling IT skills Problem solving Oral communication skills - presentations
Writing skills Economics is a way of understanding the world Great skills for getting many different jobs You are lucky to have chosen Economics Be aware of the skills you are developing
How To Improve Your Profile Work experience of some sort Use the internet, eg finance internship London (think where you will live) Use company websites, have to know them first Look at Careers and Employability Services
Firms look at A levels They often have minimum scores in UCAS points and need GCSEs, eg Maths and English However, be realistic. No point in wasting effort
If 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
Student Recruiters A number of organisations recruit good students for internships, jobs, etc They then try to place these students with firms Beware that getting onto the organisations’ books does not guarantee an internship or job Additionally, avoid any firms that charge for such services
University 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. See Kent Union run a volunteering scheme that allows students to record and attain awards for a large number of volunteering activities. See
Job Market Forum This 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.htmlhttps://www.kent.ac.uk/economics/index.html Keyword to register with is Networking The 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 advice If 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
MyFolio MyFolio is the University of Kent’s student owned e-portfolio and Personal Development site It is a personal develop planning (PDP) tool It is designed to help you set and achieve personal and employment related goals Most usefully, it records your achievements It is at https://myfolio.kent.ac.uk/myfolio/https://myfolio.kent.ac.uk/myfolio/
Employability 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 points More details at or contact
University of Kent Careers Employability Award The University of Kent Careers Employability Award helps students to identify and plan Possible future careers Potential employers The student’s employment skills Present these skills in CVs and job applications The award takes about 12 hours, is free, undertaken online using Moodle and further details can be found at
Placements I am the Placement Officer for the School of Economics. I am responsible for: – Helping interested 2 nd years find a good placement – Supporting students while they are away on placement – Assessing their placement report when they return Placements are probably the second best thing you can do to improve your employability – The first best thing is of course getting a top degree!!
Placements What 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 benefits – You are given more responsibilities – you learn more! – You get paid a good wage while on placement – You stand a good chance of being offered a job afterwards
Placements Costs / problems with getting a placement They are much harder to get in the first place – Getting a placement is as hard as getting a graduate job – The recruitment methods are the same (this can be a +) – Placements are getting very competitive They can disrupt your academic experience – You spend much of your second year looking for a job – You have to re-adapt to academic life when you come back
Timeline for placements End of 1 st year: Meeting for interested students – Placement information explained in more detail – Put on a mailing list – Talk by current/past placement students During the 2 nd year – Students make their applications throughout – I provide a series of placement sessions on CVs, competency tests, cover letters, etc. – These are followed by one-to-one drop-in clinics
Timeline for placements While on placement (between 2 nd and 3 rd year) – Obviously, carry out the tasks given – Work on your portfolio of evidence on a regular basis – I will be in regular contact to offer support and advice On your return – You submit your assessment (portfolio of activities and reflective report) – This is worth 10% of your overall degree
What to do in 1 st year if you’re interested Gather information on possible placements (especially the GES) Work on your CV and practice cover letters Come to the meeting at the end of the year – This is so you can be added to the mailing list You do not need to change to the “year in industry” program at this stage – If you are not “with year in industry”, the switch is done in your 2 nd year, once you have a placement.
What to do in 1 st 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 2 nd year. – What are the odds on securing a placement at UBS or Goldman Sachs if you get less than 60%?
The Process of Applying It varies a lot between different firms and types of work experience and jobs (obviously latter are more intensive) Some mix of – Online/paper application – CV + cover letter – Online tasks – Competency questions – Interview – Group tasks (wear a watch!) – It is hard work making applications and the application process is tough
Competency Tests You may need to know about numeracy and other competency tests. Come to see us and/or look at
SOME DOs & DON’Ts Quality of application is important. This takes hours and days of time. Take it seriously Research your application Clamp down on the security of Facebook and other social network stuff
CURRICULUM VITAE Even if the application is online, the following rules still apply List of education, work and other experiences related to getting you a job or placement You are trying to match your skill set and experience to those that are required for the job Make a list of the job requirements and make sure your CV match these. Use your brain, job description or look at or
So 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 experience CVs are just the beginning of the application process CVs are often used as a filter to get the number of applicants down to a reasonable number CVs have to be easy to read. Use bullet points (one-liners)
They are an advert for you. They are often read in less than 30 seconds Think clearly about the design and order of presentation No 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
Personal 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 awful Do not have complicated boxes or tables, do not repeat yourself a lot, eg putting your school next to each educational qualification Position 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.
What 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 language Experience Skills Other achievements, eg Duke of Edinburgh Silver
COVER LETTER Be clear whether a covering letter or letter of application A covering letter is a short introduction of yourself Written in clear English – no mistakes. Short sentences Make sure that it matches the requirements of the job You can make no more than 3 short points Try to have a name you are writing to Show that you know the firm Do not go over the top
COVER LETTER Start with you and what you are studying? What you are applying for Show knowledge of firm/gov department etc and link yourself to the job/firm/department End with something like looking forward to hearing from you
CAN YOU IMPROVE YOUR PROFILE? Difficult as pressure of academic work May need to apply for internships and work experience. Especially in the financial sector. Be realistic Apply to smaller firms for experience Will you be paid for internships? No If 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
How We Can Help You We will help you, but most of the effort will come from you What do you want? Talks from the Careers Service (about what)? Help with thinking about what you want to do Looking at CVs and applications Advice about the job application process, eg numeracy tests, interviews etc.
If 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 Service If you have any year in industry questions please see our Placement Officer, Sylvain Barde,