.jpg "Working while Studying Can Increase Salary and Chances of Success")
Working while Studying Can Increase Salary and Chances of Success
Research shows that working while studying increases the likelihood of employment after graduation by 19% and boosts salary by 14%. One in two students has worked for at least a month while studying full time. The greatest benefits come from being employed during the final years of study, when students have the opportunity to begin working in their chosen field. These findings come from a team of authors at the HSE Faculty of Economic Sciences.
Half of Job Seekers Need up to Ten Weeks to Find a Job
A person’s position on the labour market, i.e., status of employed/unoccupied/unemployed, can impact not only attitudes toward the job search (choice or necessity), but also employment conditions and the methods and length of search.
HSE University Places Second on Superjob Alumni Salary Ranking of Russian Economics Universities
HSE University alumni working in economics and finance, earn an average of 115,000 rubles a month in their first five years of work after graduation. This is the second best result among universities, according to data from the Superjob job search website.
.jpg "HSE University Places Second in Demand for Graduates Among Employers in RAEX Ranking")
HSE University Places Second in Demand for Graduates Among Employers in RAEX Ranking
For three years already, HSE University has appeared in the Top-5 of Russia’s best universities according to the RAEX Ranking. In terms of demand for graduates among employers, HSE University has risen to the second place, while also improving its indicator for ‘environment for high-quality learning’.
Technological Unemployment
In his book, Rise of the Robots: Technology and the Threat of a Jobless Future, futurist Martin Ford warns of 75% unemployment by 2100, as robots will finally defeat humans and half of all existing occupations will disappear. Should we believe it? Prominent Russian economist and deputy director of the HSE Centre for Labour Market Studies Rostislav Kapeliushnikov does not think so. According to his paper 'Is Technological Change a Devourer of Jobs?'', predictions of a 'labour market apocalypse' with mass loss of jobs caused by technological progress are unfounded.
Student Work Experience Helps Graduates Win Higher Salaries
Sergey Roshchin, HSE Vice Rector, discussed the main trends in graduate employment at a panel discussion titled ‘University-Graduate-Business: How to Build Constructive Partnership’ organized by the Ural Federal University and Sistema Charitable Foundation as part of the XIX World Festival of Youth and Students in Sochi. The participants discussed the changes required in education due to growing competition and the approaches that universities and employers take to pooling efforts and creating a joint vision.
What Employers Expect from Graduates
School reputation and graduating with honours are not as important for future employers as graduates' personal qualities and work experience, according to Natalia Bondarenko and Tatiana Lysova's study "Job Search Models, Recruitment Criteria, and Competence and Skill Assessment of Vocational Education Graduates: Employer Perspective." In 2015, they analysed the findings from a survey of 1,019 CEOs of Russian companies in six industries (manufacturing, communications, construction, transport, trade and services) as part of the Monitoring of Educational Markets and Organisations (MEMO) project conducted by the HSE jointly with the Levada Centre.
1%
of unemployed people who found new work in 2014 did so with the help of a state employment agency.
74%
of young professionals age 19-24 use connections through friends or relatives when securing employment.
Economy Blurs the Line between Formal and Informal Employment
The informal nature of employment does not affect an employee's social status, because the differences between formal and informal employment are insignificant in Russia, says Anna Zudina, Junior Researcher at the HSE's Centre for Labour Market Studies.