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Book part
Publication date: 9 May 2018

Katy Vigurs, Steven Jones, Julia Everitt and Diane Harris

This chapter draws on findings from a comparative, qualitative research project investigating the decision-making of different groups of English higher education students in…

Abstract

This chapter draws on findings from a comparative, qualitative research project investigating the decision-making of different groups of English higher education students in central England as they graduated from a Russell group university (46 interviewees) and a Post-92 university (28 interviewees). Half of the students graduated in 2014 (lower tuition fees regime) and the other half graduated in 2015 (higher tuition fees regime). The students interviewed were sampled by socio-economic background, gender, degree subject/discipline and secondary school type. Semi-structured interviews were used to explore students’ future plans and perceptions of their future job prospects. Despite higher debt levels, the 2015 sample of Russell Group graduates from lower socio-economic backgrounds had a positive view of their labour market prospects and a high proportion had achieved either a graduate job or a place on a postgraduate course prior to graduation. This group had saved money whilst studying. The 2015 sample of Post-1992 University graduates (from both lower and average socio-economic backgrounds) were worried about their level of debt, future finances and labour market prospects. This chapter raises questions about whether a fairer university finance system, involving lower levels of debt for graduates from less advantaged backgrounds, might avoid some graduates’ transitions to adulthood being so strongly influenced by financial anxieties.

Details

Higher Education Funding and Access in International Perspective
Type: Book
ISBN: 978-1-78754-651-6

Keywords

Article
Publication date: 14 May 2024

Kwabena Agyarko Gyekye and Ophelia Amo

This paper aims to examine the skills expected by employers and the skills demonstrated by accounting graduates with data from 160 employers of accounting graduates in Ghana. From…

Abstract

Purpose

This paper aims to examine the skills expected by employers and the skills demonstrated by accounting graduates with data from 160 employers of accounting graduates in Ghana. From the perspective of employers, the authors compare the expected skills to the skills demonstrated by accounting graduates and identify any significant gaps.

Design/methodology/approach

One-way analysis of variance, T-tests and factor analysis are used to test significant gaps that exist between expected and demonstrated skills by employers and accounting graduates using survey questionnaires and purposive sampling.

Findings

The results reveal that there are significant gaps between the expected skills of employers and the demonstrated skills of accounting graduates. The authors find generic skills to be more expected by employers, while technical skills are demonstrated most by accounting graduates. The top five skills expected by employers are: business ethics and integrity; problem solving and decision analysis; written communication skills; learning skills; and application of accounting principles.

Research limitations/implications

The study focuses only on organizations that use fresh accounting graduates in Ghana. Further studies may consider other business-related fields like finance, human resource management and marketing.

Practical implications

The study provides insights on standards that serve as benchmarks for the conduct of accounting graduates as well as the development of accounting curriculum in Ghana. Accounting education should incorporate work-integrated learning as part of their curriculum to enable accounting graduates to solve problems and make decisions through a practical application of accounting principles, standards and concepts, especially in conducting audit and writing reports.

Originality/value

This study fills the gap in the literature on accounting education from employers’ perspectives in a developing country. It conducts a comparative analysis between the most important skills required by employers and the ones demonstrated by accounting graduates to provide insights on standards that should serve as benchmarks for the development of the accounting curriculum from an emerging economy perspective.

Details

Journal of International Education in Business, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2046-469X

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Article
Publication date: 12 April 2024

Trang Minh Thai Phung

This study examines the relationship between financial literacy and risk-taking behavior in the stock market for both graduates and undergraduates.

Abstract

Purpose

This study examines the relationship between financial literacy and risk-taking behavior in the stock market for both graduates and undergraduates.

Design/methodology/approach

This study conducted two surveys on two groups: graduates and undergraduates. The questionnaires were sent to the two groups via “Google Form”. The surveys were undertaken from March to October 2021, with final data on 500 undergraduates and 400 graduates. The three techniques used are multiple linear regression (MLR), structural equation model (SEM) and ordinal logit regression (OLR) to examine the causal relationships.

Findings

Based on survey data on 400 graduate and 500 undergraduate students, our results show that financial literacy is positively associated with risk-taking behavior (i.e. use of debt and willingness to use debt) after controlling for demographics. Graduates with higher levels of financial literacy are more likely to use debt. Undergraduates with higher levels of financial literacy are more willing to use debt. In addition, parental education has a significant moderating effect on the association between financial literacy and debt use among undergraduate students. The results are robust compared to the alternatives.

Research limitations/implications

Although this study finds a positive association between financial literacy and risk-taking behavior among graduates and undergraduates, and these results are robust to the alternatives, the scope of this study is limited and only focuses on Vietnam. Hence, it needs to be expanded overseas. Next, graduates may make investment decisions based on stock prices or valuations, and as a result, the link between financial literacy and stock valuations should be investigated in subsequent research. Last but not least, further studies should also examine the digital financial literacy level of the younger generation, as it plays an important role in the digital age.

Practical implications

First, this study finds that higher financial literacy tends to use more debt, implying that financially literate people know how to use debt smartly to earn more profits. Second, students with higher-educated parents are less likely to use debt for stock investment, meaning that parents help students avoid possible risks while in the university. Finally, female graduates and college students all perform lower in financial literacy than their male counterparts. This can create a larger gender gap in financial literacy between women and men, particularly, in a society in which men often play the leading role in the family. As a result, it calls for policymakers, educators and parents to pay more attention to improving financial literacy among girls and women in general.

Originality/value

This study has three contributions. First, this is the first study to examine the impact of financial literacy on risk-taking behavior between two groups of graduates and undergraduates. The results show that individuals with a higher level of financial literacy are more likely to engage in risk-taking behavior (i.e. debt use) in terms of the stock market. Recent research, for example, Phung et al. (2022), examines investors’ informal debt (from families and friends), while this study investigates graduates’ debt use (from brokerage firms). Second, parental education is a significant mediator between college students’ financial literacy and debt use. The literature on parental socialization mainly documents parents’ direct influence on children’s financial knowledge and performance (Shim et al., 2010; Phung, 2023). Unlike previous research, this study finds that parental education plays a moderating role between college students’ financial literacy and their risk-taking behavior. Finally, three methods and multiple models are used to test causal relationships. The results are robust compared to the alternatives.

Details

Journal of Applied Research in Higher Education, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2050-7003

Keywords

Article
Publication date: 30 April 2024

Rachel Spronken-Smith, Kim Brown and Claire Cameron

PhD graduates are entering an increasing range of careers, but past research has highlighted a lack of preparation for these careers. This study aims to explore the reflections of…

Abstract

Purpose

PhD graduates are entering an increasing range of careers, but past research has highlighted a lack of preparation for these careers. This study aims to explore the reflections of PhD graduates from science and humanities and social science disciplines regarding support for career development (CD) during their study.

Design/methodology/approach

The authors used an explanatory sequential mixed-methods design and collected 136 survey responses and interviewed 21 PhD graduates from two US and one New Zealand universities to investigate their career readiness. Using the lens of Cognitive Information Processing theory, the authors explored the development of self-knowledge and career options-knowledge, and how support at the macro (institutional), meso (departmental) and micro (supervisors) levels influenced CD.

Findings

During doctoral study, there was very poor engagement with CD activities. Graduates displayed limited self-knowledge and poor knowledge about career options. Graduates reported drawing mainly on their departments and supervisors for career guidance. Although there were pockets of good practice, some departments were perceived as promoting academia as the only successful outcome, neglecting to support other possible pathways. Some graduates reported excellent supervisor support for CD, but others described disinterest or a damaging response if students said they were not wanting to pursue academia.

Originality/value

The enabling aspects for developing self- and options-knowledge are collated into a conceptual model, which identifies key factors at institutional, departmental and supervisor levels, as well as for PhD students themselves.

Details

Studies in Graduate and Postdoctoral Education, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-4686

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Article
Publication date: 1 April 1993

Andrea Spurling

Presents the results of qualitative research conducted in sixBritish companies during 1991‐92; all of which are major employers ofscience and engineering graduates. Draws on…

Abstract

Presents the results of qualitative research conducted in six British companies during 1991‐92; all of which are major employers of science and engineering graduates. Draws on experiences of managers of graduate recruits and presents material taken from interviews by way of illustration of the points made. Discusses the aspirations of graduate recruits to industry and the problems they encounter, working in a different environment; the requirements of training and development programmes; the need to match company and individual needs; and the necessity of nurturing graduates for the first four or five years to avoid “poaching” by other companies. Offers a number of recommendations for the effective management, training and development of graduate entrants, so as to ensure their successful transition from an academic to a work environment, and to retain graduate entrants, as a long‐term investment.

Details

Education + Training, vol. 35 no. 4
Type: Research Article
ISSN: 0040-0912

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Article
Publication date: 27 June 2008

Brenda Little

The purpose of this article is to explore to what extent there are variations in the development of graduates once in employment; to what extent these variations can be explained…

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Abstract

Purpose

The purpose of this article is to explore to what extent there are variations in the development of graduates once in employment; to what extent these variations can be explained by differences in the higher education systems; and what the current moves towards greater harmonisation between these systems might mean for graduates' continuing professional development in employment.

Design/methodology/approach

Data were collected from the graduating cohort of 1999/2000 across 11 European countries, five years after graduation. The views of higher education providers and employers on graduates in the knowledge society were investigated in a smaller sub‐set of countries.

Findings

There are differences in the incidence and length of UK graduates' initial training in employment compared to all graduates which can be explained, in part, by the traditionally looser “fit” between higher education and employment in the UK (compared to many continental European countries). Five years after graduation, UK graduates enjoy similar levels of work‐related training as their European counterparts, although there are quite large differences between employment sectors.

Originality/value

This article looks into what extent harmonisation of higher education programmes (arising from the Bologna process) will affect the relationship between higher education and employment, and in particular the role played by higher education and by employers in graduates' initial professional formation and continuing development; it will be of interest to those in that field.

Details

Education + Training, vol. 50 no. 5
Type: Research Article
ISSN: 0040-0912

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Article
Publication date: 1 July 1996

May M.L. Wong

Describes and compares the objectives and content of the graduate training programme conducted in Japan by a Japanese retailer and by its Hong Kong subsidiary. The case company…

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Abstract

Describes and compares the objectives and content of the graduate training programme conducted in Japan by a Japanese retailer and by its Hong Kong subsidiary. The case company uses different approaches to train the Japanese graduate trainees in Japan and the local graduate trainees in the Hong Kong subsidiary. Like the Japanese female graduate trainees, the local graduate trainees are not expected to work for the company on a long‐term basis; are regarded as peripheral employees; and are not expected to be the primary contributory element for organizational learning within the company. Notes various negative factors related to the training provided at the Hong Kong subsidiary, citing factors such as the fact that it is aimed at meeting short‐term needs rather than long‐term development.

Details

Journal of European Industrial Training, vol. 20 no. 5
Type: Research Article
ISSN: 0309-0590

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Article
Publication date: 28 March 2024

Ruth Elias

The study examines the influence of family social capital on prospective university graduates' entrepreneurial intentions in Tanzania. The study also looks at the way…

Abstract

Purpose

The study examines the influence of family social capital on prospective university graduates' entrepreneurial intentions in Tanzania. The study also looks at the way entrepreneurial education amplifies the primary link between the study variables.

Design/methodology/approach

Cross-sectional data were gathered at a specific period from potential graduates in Tanzanian universities using structured questionnaires under the quantitative approach. The links between family social capital, entrepreneurship education and entrepreneurial intention were examined using the PROCESS macro.

Findings

Family social capital significantly influences the entrepreneurial intention of prospective Tanzanian university graduates. The entrepreneurial intentions of prospective graduates from Tanzanian universities are positively and significantly impacted by entrepreneurship education. The relationship between family social capital and the entrepreneurial intention of prospective graduates from Tanzanian universities is positively and significantly moderated by entrepreneurship education, and as a result, the positive impact of family social capital is amplified with increased entrepreneurship education.

Research limitations/implications

This study examines the impact of family social capital on the entrepreneurial intention of the prospective graduates from Tanzanian Universities. Other studies may look at the impact of family social capital on entrepreneurial intention when controlled with social capital acquired after university life. This is to check if the entrepreneurial intention has changed in any way.

Practical implications

Universities should stress the importance of offering entrepreneurship education as a way to complement and amplify the influence of family support on encouraging people to intend to pursue entrepreneurial opportunities. This is because the presence of entrepreneurship education increases the positive impact of family social capital on entrepreneurial intention. Furthermore, families should have the culture of having good relationship that brings strong family social capital which are necessary for the intention to pursue entrepreneurship opportunities.

Originality/value

The study advances the literature on analysing the entrepreneurial intention of prospective graduates in Tanzanian universities by giving empirical evidence from Tanzania. The report also identifies entrepreneurship education as a crucial programme to enhance the impact of family social capital and entrepreneurial intention on aspiring graduates in Tanzanian universities. Furthermore, the study shows the importance of family social capital on the prospective graduate’s intention to pursue entrepreneurship opportunities.

Details

Journal of Applied Research in Higher Education, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2050-7003

Keywords

Article
Publication date: 1 March 1994

John Arnold and Kate Mackenzie Davey

Describes career‐related experiences of over 1,000 graduates in thefirst few years of their careers in eight organizations, along with theperceptions of their bosses. Long‐term…

2799

Abstract

Describes career‐related experiences of over 1,000 graduates in the first few years of their careers in eight organizations, along with the perceptions of their bosses. Long‐term career prospects were an important factor in graduates′ decisions to join their organization, but the degree of importance varied substantially between organizations. Subsequent to joining, most graduates experienced low Career Clarity: that is, they found it difficult to identify short‐term and long‐term career possibilities in their organization. This eroded their organizational commitment. Graduates perceived a moderate amount of support from organizational systems for their career development, but also considerable barriers which they could not control. Their bosses had significantly more positive views of graduate career opportunities in the organization than the graduates. A case study of one organization illustrates some issues in managing graduate careers.

Details

International Journal of Career Management, vol. 6 no. 1
Type: Research Article
ISSN: 0955-6214

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Article
Publication date: 1 June 2005

Carrie Bedingfield

To encourage employers to challenge their current views on graduate recruitment and look at innovative ways of securing a return on investment in recruitment and training.

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Abstract

Purpose

To encourage employers to challenge their current views on graduate recruitment and look at innovative ways of securing a return on investment in recruitment and training.

Design/methodology/approach

The paper critically reviews current models of graduate recruitment and development. It uses external research and the personal experience of the author to identify problems with current models and to suggest future improvements.

Findings

The paper finds that there are strong grounds for challenging employers’ investment in graduate‐training schemes, but that the schemes do have an important role to play for many organisations.

Practical implications

A series of suggestions is made which the author believes would lead to significant improvements in corporate return on investment in graduate schemes.

Originality/value

The concept of looking at graduate recruitment in the context of the business and talent needs of the employing organisation. This paper will be of value to HR professionals and other senior managers who currently have a graduate recruitment and development scheme or who are thinking of introducing one.

Details

Industrial and Commercial Training, vol. 37 no. 4
Type: Research Article
ISSN: 0019-7858

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