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how will Brexit affect graduate job hunters?

How will Brexit affect your graduate job hunt?

Find out what Brexit could mean for the graduate job market and your future career, and pick up tips for discussing Brexit in applications, interviews and at assessment centres.

Don't let economic and political uncertainty put you off taking control of your career planning and making decisions about your future.

While the pandemic is stealing the limelight, Brexit hasn’t left the stage and it is still likely to play a part in your future career. If the future for graduate job hunters after Brexit was an essay question, there’d be no one right answer. It's hard to generalise about the likely impact on graduate careers, let alone to offer any definitive advice. However, here at TARGETjobs we’ve been listening to both students and graduate employers, and have compiled a list of students’ top six frequently asked questions about what Brexit will mean for them as they decide what to do after university, and start applying for jobs.

Two key concerns about Brexit and graduate jobs

Students’ questions about Brexit boil down to two key concerns: prospects and professional etiquette. You may well want to know what Brexit will mean for your career in the long term, but you are also likely to be focused on the immediate next step: applications, interviews and assessment centres. Could a Brexit faux pas mean falling at the first hurdle?

We’ve put together some information and tips to help you forge ahead with your job hunt with confidence, and if there’s one key point to remember from all of this, it’s not to let political and economic uncertainty put you off taking control of your career planning and making decisions about your future.

1. Will Brexit affect the graduate jobs market?

Although, on the whole, Brexit wasn’t deterring employers from taking on graduates in 2019 and early 2020 (in autumn 2019 the graduate jobs market was buoyant), the recession caused by the pandemic is another matter. A survey of members of the Institute of Student Employers (ISE) published in September 2019 explored employers’ predictions about the factors that would lead them to recruit fewer students than they otherwise would have done over the next five years. The prospect of an economic recession topped the list and was mentioned by 36% of employers, while 34% thought Brexit would lead them to reduce recruitment.

We may now be in the midst of a recession, but that doesn’t mean you should feel like your job hunt is a hopeless exercise. Employers continued to recruit graduates during the recession of 2008 and they will do so now. It may take a bit of extra consideration – our articles on job hunting during the coronavirus pandemic and whether you can get a graduate job in 2020/21 should help you – but getting a graduate job is far from impossible.

2. Will Brexit affect my long-term career prospects?

There are many factors in the mix when it comes to your career, both in the short and the long term; Brexit is just one of them. You can’t control political or economic changes, so take charge where you can: the more time you put into exploring your options, deciding what to do (even if it is just in the short term) and making yourself the best possible candidate, the better placed you will be to succeed.

While you shouldn’t feel the need to can your career plan, you may decide to take into consideration which sectors are surviving and which sectors are suffering as a result of the pandemic. If finding the ultimate combination of job role and sector doesn’t seem realistic right now, you might decide to compromise on one or the other. Perhaps you’ll apply for your dream merchandising job with supermarkets rather than fashion retailers, for instance, or look into tech roles at the big fashion chain you’ve set your sights on. This compromise might be temporary as you wait for employers to recover. Still, if you see a vacancy for the perfect job, don’t let worry about competition put you off from applying – remember that someone has to get the job.

Data from the Office for National Statistics suggests that, overall, graduates are more likely to be employed than people who left education with lower qualifications or no qualifications, as well as earning more. According to the 2018/2019 What do graduates do? report published by the Higher Education Careers Service Unit (HECSU), ‘long-term trends strongly suggest that even if there are shocks in store for the UK economy, graduates are well-placed to weather them and the graduate labour market is not likely to suffer lasting damage.’

3. How will Brexit affect the industry I want to get into?

There are no short cuts here; the only answer is to do your research. It would make sense to look into how the pandemic, the recession and Brexit are impacting the industry, along with ideas about how they are likely to do so in the future. We’ve heard a range of views from employers in different industries on the likely impact of Brexit, and there can also be marked variation across specialisms. For example, here’s our take on what Brexit will mean for would-be solicitors and barristers:

If you do your employer research thoroughly, you should be able to find out if any representatives of organisations you want to work for have expressed views on how Brexit is likely to affect particular specialisms, or the business or industry as a whole.

4. Can I raise the subject of Brexit at careers fairs?

Careers fairs (now run virtually) are your chance to connect with employers and ask them what you want to know, but bear in mind that the time you have with graduate recruiters will be limited. It's best to focus on gathering information that helps you understand and improve your job prospects – depending on the nature of the role you're interested in and the work of the employer, Brexit may be more or less relevant. Think about what you really want to find out and work out your questions and how to phrase them in advance. Employer research will help here too – if you’re well informed, you’re more likely to ask a good question that will elicit a useful answer.

5. When I’m at an interview or assessment centre, is it OK to talk about Brexit?

If you are given a case study exercise that involves Brexit, or are asked an interview question about it, you'll be well placed to respond if you can take an analytical and factual approach, and draw on thorough employer and industry research and an understanding of current affairs. If Brexit is likely to have a direct effect on the industry you want to join, your grasp of the relevant issues will help you show your commercial awareness.

What about making small talk with recruiters (such as while you wait for a second interviewer during a video call)? If you’re thinking about raising Brexit, be careful not to make any assumptions about other people’s views, and remember that it's wise to avoid getting involved in a disagreement. You may find it useful to think about a range of topics of conversation in advance, and your employer research will help you identify possible talking points. For example, you could bring up a project the company has been involved in that particularly interests you.

6. If I’m asked a commercial awareness question, can I use Brexit in my answer?

Is Brexit directly relevant to the commercial performance of the area you want to work in? If it is, this could be a good opportunity to show you’ve done your research into your preferred specialism, the employer and the industry. Again, this is where it will help you to be aware of any statements that representatives of the employer have made on the subject. Could key projects or industry regulations be affected in specific ways, or is the impact still uncertain? Again, make sure you’ve done your research. If the impact is as yet unclear or the likely impact is changing and evolving rapidly (perhaps influenced or overtaken in importance by coronavirus and the recession), you could acknowledge this and go on to discuss a range of possible outcomes. You’re more likely to impress an employer with a factual approach than with apparently baseless opinions.

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This content has been written or sourced by AGCAS, the Association of Graduate Careers Advisory Services, and edited by TARGETjobs as part of a content partnership. AGCAS provides impartial information and guidance resources for higher education student career development and graduate employment professionals.

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