Business development · 30 April 2018

Half of students plan to ditch grad jobs to become their own boss

Half of UKuniversity students are opting to build their own business rather than a graduate job.
Self-employment prevails over graduate jobs as more students are planning to start up their own businesses, with 38 per cent certain it would give them a better chance of being successful.

A new study by the print company, Solopress, has found that launching a start-up was more appealing than a career on a corporate ladder for 1.2 million people in university.

Additionally, nearly a third of the newest generation of workers consider starting their own business within the first year of university.

Commenting on this, Aron Priest, co-founder at Solopress, said: With more students and graduates freelancing and launching their own businesses over jumping on the career ladder, we wanted to find out what’s really pushing this new way of working.

it’s interesting to see that despite the initial investment costs, risks of starting a business and the competition, the majority of students are considering starting-up over graduate roles.

Students are also considering the advantages that being self-employed holds, the primary reason being the financial benefits of running your own business.

Whilst the average salary for UK graduates is 19k-£22k, one in ten expect at least 30k meaning the workforce is falling behind when it comes to starting income.

Forty-seven per cent of students rate that it’s a flexible lifestyle choice, 45 per cent want to be their own boss and 28 per cent thought working for themselves offers a better work/social balance.

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graduates

 

Students set to reject corporate world and target graduate jobs at micro companies

Britain’s small business ownerscould gain a head start in recruiting university talentthis summer, after new research revealed students weremore likely to seek out graduate jobs at smaller companies than large firms.


 
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ABOUT THE EXPERT

Carly Hacon is a reporter for Business Advice. She has a BA in journalism from Kingston University, and has previously worked as a features editor for a local newspaper.

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