In recent years, there have been significant changes in higher education and in the graduate labor market. The graduate labor market of the twenty-first century is characterized mainly by diversity (McNay, 2006, p. 76). The graduate population is increasingly diverse and women participation is growing in most countries. Population taking graduation from lower social classes and ethnic minority groups also have been dramatically increasing in recent years. The graduate labor market has almost dominated today’ s entire job market. As Furlong and Cartmel (2007) noted, the present day graduate labor market can be categorized into four and it looks like traditional, modern, new and niche.
Traditional graduate jobs have long been the preserve with university degrees like scientists and lawyers whereas the other three have recently become dominated by workers with university degrees (p. 44). Modern graduate jobs are new professions where graduation is highly required, new graduate jobs are those that have recently focused on graduate requirements and niche jobs are those in which minority of total jobs comprise of graduates like hotel management. I strongly believe that ‘ a degree enough’ attitude is extremely inappropriate in the present-day dynamic job market.
A graduate degree is not a guarantee to a good job and thinking of a career being ‘ typical graduate’ is not appropriate because coming years are more likely to see more fragmentation and diversity in graduate labor markets. In some developed countries, graduate unemployment has become an obviously known phenomenon. Graduation is often considered to be a ‘ minimum-qualification’ for entering into a career, especially in countries where the population is high. A graduation degree is more or less an access point to professional degrees and therefore ‘ graduation degree’ is not enough competency or is not giving any guarantee of better job opportunities.
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