News Digest #13: A new Prime Minister, students battle to stay afloat and the cost of living impacting the labour market

Sep 8, 2022 | News, Sector & policy

Student recruitment and development

What Generation Z wants from a business masters? Does Gen Z demand something different — and what do business schools think they need?

BDO bolsters audit practice with 600 new trainees following watchdog’s damning criticism. Accountancy firm BDO has hired 600 new trainees, including 400 to its audit practice, after the UK’s accountancy watchdog slammed the challenger firm over the “unacceptable” quality of its audits.

Where are the 3 top places in the UK graduates are most likely to get a job? The job market for graduates can be a tricky one to navigate though. Knowing where best to set your sights to get your career underway can be tough to know.

Labour Market

Will recession cool a ‘red hot’ business graduate jobs market? Likelihood of economic downturn raises concerns but reasons remain for optimism.

EY vows ‘zero tolerance’ to racism and bullying as multinational launches investigation into the firm’s culture – after being rocked by the death of a ‘brilliant’ worker, 27

Education

Euan Blair’s education start-up, Multiverse, to offer debt-free degrees to apprentices. The company has been given power to award degrees in subjects such as technology and data science, in a challenge to the traditional university model.

Students battle to stay afloat in cost of living crisis. Experts warn of undergraduate poverty and an increased gap between rich and poor.

Britain’s traumatised education system needs a break – and a decent minister. After two-plus years of Covid and seven secretaries of state in the past six years, teachers and students deserve more support.

Bring back maintenance grants or students will drop out, universities say. Unless help is given with the cost of living, many people may no longer be able to afford to study for a degree, warn vice-chancellors.

Economy

City insurance law firm gives newly qualified lawyers a 60% pay rise – bumping salaries up to £80,000. Kennedys increased its salaries after two of the richest law firms in the world – Kirkland & Ellis and Latham & Watkins – bumped up wages for their juniors, setting a new record-high for junior solicitors in the City.

 

 

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