German Graduates Get Jobs
As the world enters another year of poor economic forecasts and increasing unemployment, then the relative worth of studying for a degree comes under pressure. Several countries have reported that graduate unemployment whilst lower than the average, has continued to increase. In Germany, a study of 10,000 graduates from 2009 shows a different picture.
In the case of those who graduate from German institutions the news appears to be ‘good’ and ‘better’. Only 4% of graduates from a ‘traditional’ German diplom, magister or staatsexman qualification remain unemployed a year after graduation (compared with a national German unemployment rate of almost 6% for this period). Graduates from the ‘new’ bachelor degrees fare even better, with between 2-3% unemployment (statistics by HIS-HF).
The progression figures to postgraduate/graduate study are also impressive. Some 53% of applied science university graduates and 77% of general university graduates took up further u8niversity study (normally a Masters). Some 90% of graduate applicants reported being accepted by their first choice. It would appear that German quality is now as impressive in Higher Education as it is in automobiles.