What do Mathematics graduates do?

Dr Charlie BallHead of HE Intelligence

Graduate Prospects

324,015 first degrees were awarded to UK-domiciled graduates 2012/13.

Most graduates (73.6%) were working six months after leaving university – 188,590 graduates.

Unemployment was 7.3%, the lowest since the recession.

12.4% went into further study.

Most subjects appear to be having a better time of it than previous year.

Subjects seeing particular improvement – architecture and building, creative arts, engineering

What Do Graduates Do?

8,530 HE qualifications in mathematical subjects (maths, statistics, operational research) were awarded to UK domiciled graduates studying in the UK in 2012/13.

What Do Maths Graduates Do?

Doctorate Masters Other PG First degree Other UG

Mathematics 250 320 80 6235 725

Operational Research 5 75 5 65 0

Statistics 40 170 15 425 120

500

1500

2500

3500

4500

5500

6500

7500

Qu

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cati

on

s aw

ard

ed

What Do Maths Graduates Do?Outcomes for 2012/13 first degree graduates after six months

Working full time

Working part time

Working and studying

Studying Unemployed Other

All first degrees

0.560430815561467

0.139925336745325

0.0559857383041226

0.123568856762802

0.0731262994878124

0.0469629531384708

Mathe-matics

0.478286000539479

0.0811606489152633

0.0818754575931562

0.226773534738545

0.0854803283110476

0.0464240299025085

Statistics 0.542152453522015

0.0649116273740296

0.0974533787848405

0.164255636082385

0.0796356240511042

0.0515912801856254

5%

15%

25%

35%

45%

55%

Prop

ortio

n of

gra

duat

es

What Jobs Did Maths Graduates from 2012/13 Do?

Man-agers

Health Educa-tion

Legal, social & welfare

Science Engi-neering

IT Busi-ness

and fi-nance

Market-ing, PR

and sales

Arts, design

and media

Other profes-sionals

Child-care etc

Clerical & secre-

tarial

Service industry

Other

All graduates

0.0412742852294901

0.142614745058115

0.0634385339781114

0.0490688894544838

0.0109707728853822

0.044848137778909

0.0396782472215152

0.0906295070840756

0.0722724187664376

0.0576641639093917

0.0487454398914058

0.0570543819462119

0.0814615678289641

0.1300797488

7588

0.0675002120980742

Mathematics

0.0316852787173903

0.0012356548198260

8

0.0882195758614831

0.0140123256568278

0.0075807423196330

1

0.0188993404692399

0.113837789413527

0.3766214108

0889

0.0410669879369198

0.0063976028296495

4

0.0264275674590303

0.0272616344624129

0.115193920578286

0.086295043479604

0.0452651251872789

Sta-tis-tics

0.0351261424419829

0.0105294191972371

0.0459925030535316

0.0034957671734827

1

0.0090974181864128

4

0.0112033020258603

0.0693678136713979

0.5210377795

5608

0.0646085161942467

0 0.0232489575874995

0.0168891883923683

0.0900475929747715

0.052984037400497

0.0463715621446321

5%

15%

25%

35%

45%

55%

Pro

po

rtio

n o

f gr

adu

ate

s

Top Jobs For Maths Graduates from 2012/13

Finance and investment analysts and advisers 265Chartered and certified accountants 260Programmers and software development professionals 210Business and related associate professionals n.e.c. 175Sales and retail assistants 160Secondary education teaching professionals 145Actuaries 125Management consultants and business analysts 120Teaching and other educational professionals n.e.c. 95Other administrative occupations n.e.c. 85

Top Jobs For Maths Graduates from 2012/13

Women MenChartered and certified accountants 140

Programmers and software development professionals 170

Finance and investment analysts and advisers 110 Finance and investment analysts and advisers 155

Secondary education teaching professionals 90 Chartered and certified accountants 120Business and related associate professionals n.e.c. 85

Business and related associate professionals n.e.c. 90

Sales and retail assistants 75 Sales and retail assistants 85

Actuaries 60Management consultants and business analysts 70

Management consultants and business analysts 55 Actuaries 65

Other administrative occupations n.e.c. 50 Secondary education teaching professionals 55Teaching and other educational professionals n.e.c. 40

Teaching and other educational professionals n.e.c. 55

Programmers and software development professionals 40 Financial administrative occupations n.e.c. 40

Top Industries for Maths Graduates from 2012/13

Accounting, bookkeeping and auditing activities; tax consultancy 360Banking 240General secondary education 195Computer programming activities 155Supermarket retail 100Non-life insurance 90Education outside schools and colleges (largely freelance) 85Tertiary education 70Information technology service activities n.e.c. 60Primary education 55Other retail sale in non-specialised stores 55Advertising agencies 50Retail sale of clothing in specialised stores 50Information technology consultancy activities 50

Postgraduates – outcomes after six months

Working Working and studying

Studying Unemployed Other

Maths Masters

0.584409136047666

0.0308296470163402

0.274939062923174

0.0737112936715717

0.0361108603412476

All Mas-ters

0.763168594145286

0.0415386700397539

0.0838904951210688

0.0679210336104077

0.0434812070834834

Maths PhD

0.809414466130884

0.0321469575200919

0.0642939150401837

0.0780711825487945

0.0160734787600459

All PhD 0.849499666444296

0.037891927951968

0.0266844563042028

0.0440293529019346

0.0418945963975984

5%

25%

45%

65%

85%

Prop

ortio

n of

gra

duat

es

Postgraduates – types of employment after six months

Managers Education Health and welfare

Science Engineer-ing and IT

Business and finance

Other pro-fessionals

Other oc-cupations

Maths PhD

0.027285129604365

6

0.109140518417462

0 0.373806275579809

0.1268758526603

0.234652114597544

0.092769440654843

1

0.035470668485675

3

All PhD 0.031574199368516

0.23199518869343

0.152909336941813

0.311983160427003

0.073823485190197

0.059239212148549

1

0.115922417681552

0.02255299954894

Maths Mas-ters

0.059280997798972

9

0.082538517975055

0.007336757153338

22

0.045231107850330

2

0.123477622890682

0.542809977989728

0.047652237710931

8

0.091672780630961

1

All Mas-ters

0.101386627743783

0.137175096839387

0.157160500757873

0.036939313984168

9

0.090215011508448

9

0.169342614944142

0.157441194633133

0.150339639589064

5%15%25%35%45%55%

Prop

ortio

n of

gra

duat

es

What is the current state of the graduate jobs market?

- Recovering, slowly and patchily

- Some sectors and regions recovering faster

and more vigorously

- Not, in general, back to where we were pre-

recession

An improving economy - Employer hiring intentions

From the Bank of England Agents’ Summary of Business Conditions March 2015

Skills shortages

Increased demand for skills leads to shortage.

Clear signs of skills shortages in professional

occupations

• IT

• Engineering (although they are easing)

• Financial services (particularly those with a little

experience)

• More expected to emerge

Changes in UK occupational structure 2007-2013

managers, directors and senior officials

professional occupations

associate prof & tech occupations

administrative and secretarial occupations

skilled trades occupations

caring, leisure and other service occupations

sales and customer service occupations

process, plant and machine operatives

elementary occupations

-500,000 0 500,000 1,000,000

149,400

714,300

180,400

-356,700

-206,700

327,700

-67,800

-222,300

-24,600

Employee mobility and retentionIncreased employee confidence leads to them being more likely to consider moving jobs.

Impact on employee retention.

Increased rates of employee turnover being reported.

Competition for talent likely to intensify.

In summary

2015 is likely to see a continuing recovery in the UK graduate jobs market.

Recovery brings obvious benefits, but also challenges

- Skills shortage- Pressure on wages- Competition for talent

Maths graduate well placed to benefit.

Maths a flexible, well-rewarded degree that is now very oriented towards finance industry employment.

Maths graduates are spread very widely throughout the economy – not always easy to find a ‘typical’ maths employer.