What Postgraduate Students Can Expect After University

2nd August 2013 Chris Clark Careers and Finance, Study

You’ve finished university, now it’s time to get your head around what there is to do after. For some graduates leaving university can be a bit daunting and direction-less. There is plenty to organise: money, a job, accommodation as well as fitting in a social life. What can you expect?

Graduate Job

In the current economic climate, finding a job of any kind after you leave university can be a difficult task, but don’t give up as eventually something will come along. Here are our job hunt top tips:

  • Keep active and stay busy: grab every opportunity you are given and take on any new experiences that you can.
  • Have a plan: keep a plan in mind and keep working on it. Don’t lose sight of what it is you want.
  • Focus your search: the key decision to applying for jobs is narrowing your search according to your interests, skills and experience. It’s a surer route to success.
  • Specialise your application: when applying for a job, it is always better to tailor your CV and cover letter to that specific job than it is to apply for ten different jobs with a ‘one size fits all’ type CV.
  • Give them evidence: potential employers are not just going to take your word for it. Give them evidence that you are a perfect fit for the job with experience and certificates.
  • Maximise your experience: whether you are practising your interview skills or having conversations with those in the industry, it is all worthy experience which will only make you a better candidate.
  • Follow up: Once you have sent off your CV, don’t just sit and wait for a call back. Follow it up and follow it up until someone tells you to stop.

Related – How to Create an Employable CV

Paying Off Your Overdraft

Graduating doesn’t necessarily mean you have to say goodbye to your interest free overdraft – for a while at least.
For most banks, they offer graduate overdrafts where the interest free part of the overdraft will reduce over time. That does not necessarily mean that the overdraft will get any smaller, but that you will be charged for any money which is in the interest free part.
The best thing to do is to go to speak to your bank once you have graduated to discuss all your options and know exactly what you are getting after you leave university.

Paying Back Your Student Loan

The thought of having to pay back a student loan of up to £50,000 may sound like a difficult task but if you look at it as graduate tax instead, it can become much more manageable.

Payments Taken Automatically
Your student loan will seem like a graduate tax as it is taken automatically from your wage. As soon as you earn over £21k (for those that started university in September 2012) repayments will be taken directly from your income. You will never miss a payment!

It’s Progressive
Your payments are calculated as a percentage of your earnings: the more that you earn the more that you will pay back.

Bigger Loans = Bigger Repayments?
Postgraduate students payments are calculated as a percentage of your earnings which means that payments will be the same each month no matter how much you have borrowed. The only thing is that the more you borrow, the longer it will take to pay back.

Graduate Accommodation

Where you live after university usually falls into one of three categories: moving back home, a flat share or living alone. There are pros and cons to both but often graduates find it best to move back home so that they can save money to move out again.
Finishing university is expensive. No longer can one rely on a student loan to help pay for rent so moving home is often the only option. For others however, moving home after the freedom of university is not an option.
Needing to afford rent is often the motivation that students require to get on the job hunt.

Have you got any tips for job hunting or finding accommodation after university?

Chris Clark

Chris Clark

For more great posts from Urbanest about accommodation, London life, study tips and much more, visit the Student Journal.