Tuesday, 24th January 2012
On Wednesday 18th January, The National Placement & Internship Awards, sponsored by PwC and supported by AGCAS and AGR, were attended by over 300 representatives from both the corporate and higher education world.
The event kicked off with the unveiling of the results from our recent First-Year Student Survey by our On-Campus Promotions team, followed by an incredibly inspiring and motivational key note speech from Olympian and former World Record Holder Steve Backley.
As a few of you have already requested, please see the industry facts and stats mentioned by Ollie during the Awards Ceremony.
You can also click on the link at the bottom of this post to view the presentation slides from the On-Campus Promotions session, ‘An Insight into Engaging with First-Year Students’.
Thanks,
The RMP Team
Ollie’s Facts & Stats of the Higher Education Industry: 
Where do we see the market heading?
In the UK last year there were 1.8 million full-time undergraduate students in higher education. 477,000 started in September, which interestingly is 5.6% up on last year’s stat. This year, with the increased tuition fees coming in for September 2012, UCAS have already seen 15% reduction in university applicants. How do we see this affecting the market?
Fewer students at universities will hit the institutions, and from reading through the 60+ university nominations across the 3 university categories, it’s overwhelming how much they are investing heavily in their employability agenda quoting figures in the tens and hundreds of millions of pounds. With fees rising so significantly, the return on investment from entering university to coming out of the other end is being increasingly scrutinised by students and parents. Therefore we personally see placements and internships playing a much greater role in academia, encouraged through:
A rise in accredited work-based learning modules
Increased resource and provision from the university
Heightened awareness from students, and at an earlier stage
How are employers changing? The recent recession has taught most businesses to be more effective and justify every pound they spend. Across all our 200 clients, we see the average retention rates from undergraduate schemes to graduates is between 60 – 70%. This outlines how in the long term, attracting and retaining the best talent early can be a more successful and efficient form of recruitment. Anecdotally, we are seeing more and more companies engaging with the best talent earlier through starting and growing placement, internship and insight programmes and that’s reflected in our client base doubling in the past year.
Latest Graduate research from the article below in the Telegraph outlines:
http://www.telegraph.co.uk/finance/jobs/9005585/Graduate-job-competition-hots-up.html
“An extra 50,000 graduates are set to leave university this summer compared with five years ago”
“Employers have already received 19pc more graduate applications for roles compared with last year”
More than half of the recruiters warned graduates with no previous work experience had “little or no chance” of landing a job this year.
Specifically in the investment banking industry, 3 / 4 of investment bank graduate jobs will be taken by candidates who have completed industry placements.
More than a third of new graduate jobs this year will go to students who have already worked for the employer – a record high
In conclusion… All arrows point towards early identification, with placements, internships and insights becoming increasingly important…
- to students needing to gain work experience before they graduate
- to universities needing to differentiate themselves through their employability agenda to attract students
- and to employers looking to recruit the best talent earlier, and most effectively

On-Campus Promotions Presentation Slides:
Please click on the link below to access the slides from the On-Campus Promotions session, ‘An Insight into Engaging with First-Year Students’ hosted by Ali Lindsay and Amber Jones.
An Insight into Engaging with First-Year Students – presentation slides