Posted by Amanda Stansell of Glassdoor
- During the COVID-19 crisis, the number of new jobs associated with graduates fell by 68% compared to last year, but new graduates are still striving to work in the field of technology. Seven of the top 10 employers attracting the latest applications are technology companies.
- In May 2020, Amazon and Microsoft attracted the largest number of job applications from new Glassdoor graduates. TikTok also received significant interest from graduates, receiving the fifth largest number of job applications from recent graduates.
- New graduates are still gravitating towards technical roles. A software engineer, data analyst, and business analyst are the roles that most working applications see during the COVID-19 crisis, and they account for 18 percent of all new applications over this period.
Due to the fact that tens of millions of people became unemployed, the 2020 class entered one of the worst labor markets in history. As of May 2020, the number of open jobs in Glassdoor that contain “entry level” or “new city” in the job title has decreased by 68 percent compared to last year. Now, faced with this significant reduction in the number of open jobs, new graduates begin their job search in a completely different economic environment than you could imagine a few months ago.
Where do the new gradients want to work? Using Glassdoor’s US job and salary data, we show where new college graduates in the United States are entering in the context of the ongoing COVID-19 crisis and economic crisis.
What have we done
For this analysis, we used a large sample of real working applications launched on Glassdoor from May 1, 2020 to May 31, 2020 by users who are likely to be recent college graduates. We define new graduates as having a bachelor’s degree born in 1994 or later (aged 26 or younger). Then we used this data to show which employers, subways, and professions were most often approached by new graduate job applicants in the United States during the COVID-19 crisis. Similarly, in order to estimate the payment for new graduates, we examined the anonymous Glassdoor salary reports left between May 1, 2019 and April 30, 2020 by US workers aged 26 and under with a bachelor’s degree.
Where do new graduates go to work?
The table below shows the main vacancies that new graduates are applying for during the crisis of COVID-19, and the expected salary for each of them. In May, applications for software developers accounted for 8% of all job applications received from new graduates, which makes it most popular for applying for new graduates. This is not surprising given his high salary of more than $ 94,000 for workers who have just graduated from college. In addition, in May there are several other high-paying roles that attract new graduates, including a data scientist and software developer.
However, money is not the only factor driving applications. New college graduates are also applying for some low-paying jobs that have demonstrated resilience during the COVID-19 crisis and often allow for remote work options. The administrative assistant and sales representative were two of those places in the top ten that new graduates claimed in May.
Top 10 jobs attracting new job seekers
Source: Glassdoor Economic Research (Glassdoor.com/research)
The table below shows the 10 largest companies to which new graduates applied in May 2020. Large employers, including Amazon, Microsoft, and Goldman Sachs, stood out among new graduates in these uncertain times.
With seven of the top 10 companies on this list in the high-tech industry, it is clear that technology employers have not lost their appeal among new graduates in a precarious job market. Interestingly, the relatively new social media company TikTok is already causing great interest among new graduates. New job seekers also seek to work for non-tech companies such as Goldman Sachs, EY and Randstad.
Even in industries where job losses have been observed in recent months, there are some bright spots for employers who are still hiring. For example, Amazon is intensively hiring employees for warehouse and delivery functions in response to the rapidly evolving e-commerce during the pandemic, and also hires many corporate roles. Some of these employers now have a surge in hiring, Glass doorincluding Microsoft, Apple, and Google.
Top 10 Employers Attract New Graduates During COVID-19
Next, we will look at the main subways where new job seekers are looking for work. The table below lists the top 10 cities where new graduates get jobs. New York accounts for 15 percent of all new release applications, followed by eight percent for Los Angeles. Despite the fact that these vacancies open in certain metro areas, many of these vacancies can start remotely, as many companies continue to work from home during the COVID-19 crisis.
Top 10 Metro for New Applications
New graduates are forced to seek work in the midst of a pandemic. However, like previous graduates, they continue to appeal to technology giants such as Amazon (who are increasing hiring levels in response to COVID-19), and others like Microsoft and Apple, who are known for their strong corporate cultures. New graduates are also employed by fashion companies such as TikTok. Despite the fact that the background of their job searches has changed dramatically over the past few months, the use of Glassdoor’s data and knowledge provides a deeper understanding of the career interests of this newly-completed class of job seekers in particularly difficult times.