University graduates who are despairing over job cuts and youth unemployment have little to worry about in the long run, according to a higher education organisation.
The Higher Education Careers Services Unit (HECSU) has said that those coming into the job market with a degree will reap the benefits of their higher education throughout their working lives in office space in Milton Keynes and beyond.
Charlie Ball, deputy director of research at the unit, said graduates would see themselves “thrive and prosper” even if they do not walk into their dream jobs straight away.
He added: “The experience of those who graduated in the last recession can tell you that it was very difficult for graduates at the beginning of the nineties, but most of them eventually found themselves thriving and prospering in the employment market, and it will be the same for graduates leaving university now.”
Mr Ball was speaking after the Office for National Statistic revealed that, on average, graduates earn £12,000 a year more than those who do not have a degree.