The impact of human capital and formal/informal networks on graduate employment in the UK

Abstract

The purpose of this study is to explore the important factors that affect graduate employment such as human capital, social capital and university career services. It focuses on the graduate labour market in the UK and uses mixed methods. While quantitative data derive from a survey, qualitative data come from interviews and secondary sources in a case study. The survey includes 947 university graduates and qualitative data consist of 8 interviews, internal and external reports. The findings show that the level of human capital and social capital affect the way graduates find a job and the use of social capital in job searches varies by ethnicity, age and academic level. However, gender and academic discipline do not affect the use of social capital in the UK graduate labour market. Moreover, the study shows that university career services can play an important role in job searches. Overall, however, direct application and online career services are two most widely used methods to find a job. The originality of the research is twofold. Firstly, it illustrates the relationship between two important components in graduates’ job search processes: human capital and social capital. Secondly, it examines the role of an institution: university career services and displays the importance of institutional approaches in building a bridge between students and employers.”