May 20, 2024

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Finance overtakes medicine as most attractive career for graduates

2 min read

Finance now ranks as the most popular career choice for UK graduates, overtaking medicine due to its perception of being well paid, according to the CFA Institute.

Fear of low pay and desire for a “good salary” are top of mind for UK graduates and current students, according to the CFA Institute 2023 Global Graduate Outlook Survey.

Nearly three in four (70 per cent) respondents said a good salary was the top priority when choosing a career, a 23 percentage point increase on the 47 per cent figure from the survey’s previous findings in 2021. 

Salary prioritisation meant the desirability of certain careers had changed, with vocational careers such as teaching no longer seen as attractive.

Nearly one in three (29 per cent) respondents now viewed finance as the most stable career choice, up from 16 per cent in 2021, closely followed by STEM, with one in four (26 per cent) viewing it as stable, up from 9 per cent in 2021.

Meanwhile healthcare and medicine, which usually top the list, saw a decrease in confidence amongst graduates, with 15 per cent and 14 per cent of respondents respectively saying they considered these career choices stable.

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