Swedish Scholar Survey: Huge banks excel, FinTech fails

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In regards to the Scholar Survey 

This yr’s scholar survey ran from September 2022 to January 2023 and was answered by a complete of 20,520 college students, which is Sweden’s largest profession survey up to now. Universum’s surveys are answered yearly by over 1.5 million respondents, in 65 markets worldwide, which ends up in Sweden’s most complete – but in addition the world’s largest expertise survey by far. This offers us a singular data base and understanding of what expertise is in search of and expects from employers. The info is additional segmented by gender, age, academic background, and so forth. The appropriate knowledge consequently provides you as an employer related perception into how it’s essential proceed with a purpose to entice and retain your proper goal group. 

Profession preferences 

Compensation and safe employment are an important priorities in 2023 for Swedish college students when selecting a future employer. Encouraging steadiness between work life and personal life in addition to versatile working circumstances proceed to turn out to be much more necessary. Normally, it may be mentioned that Respect and Kindness within the Swedish work surroundings is mostly growing as a profession desire. Nonetheless, traits akin to a Inventive and dynamic work surroundings, Difficult work, Moral norms and CSR have gotten much less necessary. Maybe CSR has turn out to be a so-called hygiene issue, i.e. that right now it is kind of anticipated of an employer. The dedication to sustainability has decreased successively since 2020. 

Cash Talks 

Though the significance of sustainability has declined over the previous 4 years, 2023 represents the yr during which the significance of economic sustainability has reached an all-time excessive amongst college students. Unstable financial instances shifts the main focus to industries that may deal with financial uncertainty. Firms which have a confirmed means to behave with a monetary accountability mindset are extra enticing this yr.  

One business anticipated to navigate a excessive curiosity/inflation surroundings is banking. With fears of a looming recession, the emphasis on sensible cash administration appears to outweigh employment with profitable progress employers. This clearly correlates with this yr’s rating, which reveals an elevated curiosity amongst college students in working at giant and prestigious banks. 

Trade tendencies 

The banking sector was one of many huge winners in 2023 in accordance with the scholar survey. Nonetheless, that is the primary time since  2019 that Fintech is experiencing a pointy business decline amongst finance and IT college students, with many stylish FinTech corporations dropping ranks. Normally, we see the complete tech business dropping attractiveness as a consequence of a looming recession and ongoing layoffs throughout the business. Main gamers akin to Spotify, Google and Microsoft stay very enticing, however in addition they misplaced percentages on this yr’s rating. That is possible because of the uncertainty that impacts the business and the massive layoffs which can be occurring. The underside line is that right now, it isn’t thought of a protected business to work in. 

Rating 

Google takes again 1st place from Spotify on this yr’s rating amongst tech college students. Klarna drops 17 rating positions amongst each tech college students and civil engineers and drops from rank 4 to 21 amongst economists. Avanza can be dropping percentages in IT and finance. Issues are higher for the standard huge banks. Amongst economists, SEB rises from rank 14 to five, Swedbank from 7 to 4, and each Goldman Sachs, J.P. Morgan and Handelsbanken up. We additionally see a development amongst employers linked to the nationwide protection. Each Saab, the Armed Forces and FOI confirmed sturdy rating performances this yr. This may occasionally in fact be straight associated to the Russia-Ukraine disaster. 

Wages 

Girls nonetheless anticipate 7% decrease beginning wage than males. If we break this down by examine background, 2023 is the primary yr ever the place we’ve a bunch the place ladies anticipate a better wage than males; the legal professionals. Sadly, we see a correlation between the scholars’ anticipated beginning salaries and the precise salaries later of their skilled lives. That is how there must be a change in expectation and demand. 

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