OverallThis section looks at destinations for UK-domiciled Masters graduates in business studies and management. 6,630 UK-domiciled graduates obtained Masters degrees in business or management in 2005, with 4,455 responding to the survey, a response rate of 67.2% The majority of respondents, 61.8%, were men, and two thirds had studied part time – 66.8%. Over 70% were over 30 when they graduated, with 30% over 40. First destinations4,455 social science graduates replied to the survey, and the first destinations reinforce the impression from the demographics of study that these are common subjects for continuing professional development (See Table One). Over three quarters, 77.4%, were working in the UK six months after graduating, with a further 7.7% working and study. A very small proportion, only 2%, went onto further study. Unemployment stood at 4.1%, but was starkly different dependent on mode of study. For full time graduates, the rate was 9.1%, for part-timers, it stood at 1.6%. Table One: Survey responses of UK-domiciled masters degree graduates in business and management subjects from 2005| First destination | Percentage of graduates from 2005 |
|---|
| Entered work in the UK | 77.4% | | Working and studying | 7.7% | | Entered study or training in the UK | 2.0% | | Working or studying overseas | 3.0% | | Not available for work or study | 2.3% | | Believed to be unemployed | 4.1% | | Other | 3.6% |
Types of work3,780 graduates in business and management subjects entered the workplace in the UK in 2005. The majority went into management positions, with business professions being the other main destination for graduates. Table Two: Types of work undertaken by UK-domiciled masters degree students in business and management subjects, graduating in 2005| Type of work | Percentage of graduates | Number of graduates |
|---|
| Marketing, sales and advertising professionals | 3.5% | 135 | | Commercial, industrial and public sector managers | 52.6% | 1985 | | Scientific research, analysis and development professionals | 0.3% | 10 | | Engineering professionals | 4.8% | 180 | | Business and finance professionals | 16.1% | 610 | | Information technology professionals | 2.9% | 110 | | Arts, design, culture, media and sports professionals | 1.0% | 40 | | Legal professionals | 0.3% | 15 | | Social and welfare professionals | 1.1% | 40 | | Other professionals and associate professionals | 5.6% | 210 | | Numerical clerks and cashiers | 1.1% | 40 | | Other clerical and secretarial occupations | 3.5% | 130 | | Retail, catering, waiting and bar staff | 0.7% | 25 | | Other occupations | 2.0% | 75 | | Unknown occupations | 0.1% | 5 | | Total | 100% | 3780 |
The most common jobs for graduates in these disciplines are all management and business oriented, demonstrating the focus that these degrees have in the workplace. Table Three: Commonest jobs undertaken by UK-domiciled masters degree students in business and management subjects, graduating in 2005 and working in the UK six months after graduation| Type of job | Percentage of business and management graduates | Number of business and management graduates |
|---|
| Production, works and maintenance managers | 4.3% | 160 | | Management consultants | 4.1% | 155 | | Marketing managers | 3.5% | 130 | | Finance managers and directors | 2.7% | 100 | | Hospital and health service managers | 2.7% | 100 | | Personnel managers | 2.6% | 100 | | Sales managers | 2.6% | 100 | | Business analysts | 2.2% | 80 | | Computer operations managers | 1.9% | 70 | | Personnel and recruitment consultants/advisers | 1.8% | 65 |
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