Jo Johnson, Minister for Universities and Science, said in his recent speech
Higher education: fulfilling our potential:
We have all been reminded of the scale of the challenge by a recent CIPD survey suggesting that almost 60% of graduates are in non-graduate jobs.
While it may overstate matters — official statistics show that in fact only 20% of recent graduates did not find a graduate level job within 3 years of leaving college — it is clear that universities must do more to demonstrate they add real and lasting value for all students.
In my humble opinion, there are essentially two ways to improve the percentage of graduates finding graduate level jobs:
(a) Increase the number of vacant graduate positions available, and
(b) decrease the number of graduates.
All other solutions are log-linear combinations of these two. The only option under control of universities is (b). Is this what Jo Johnson wants from the universities?
Added 11 September 2015: A detailed analysis of Jo Johnson’s speech is given by Martin Paul Eve in his post at THE blog, TEF, REF, QR, deregulation: thoughts on Jo Johnson’s HE talk.