Level 7 Postgraduate programmes give our students international MBA pathways in 2015
Wednesday, 11 February 2015 15:58 Written by Rhodri Llewellyn
Since the recent financial crisis rocked world economies, the last few years have seen a surge in the number of new-graduates and professionals alike re-visiting the halls of universities, filling lecture rooms in Business-schools across the UK, Europe and beyond. Why has this been a steadily emerging trend, and what has been the impact on employment prospects for job-hopefuls in post-crisis Britain?
When we look at why a return to studies was considered by so many in the first place, the underlying factor has been generally attributed to the complete lack of work options that scores of newly-qualified and newly-unemployed were faced with when world economies took a rapid dive in growth, and indeed the contraction in productivity across all sectors meant there simply wasn’t the requirement for operations to continue at the pace they had been. Smaller operations meant reduced demand for manpower, logically. This situation was further exacerbated by the ‘stock piling’ approach that many of the larger firms had taken to acquiring skilled personnel, as they regularly took on potentially valuable candidates even if they didn’t have work for them at the time, as the risk of eventually having the work but being caught short on skilled personnel became a systemically distressing prospect. So when robust growth seized en-masse, it was not just the active workforce that spilled into the lines of the unemployed, as this was further leveraged by the cache of idle-employed who were never really put to good use in the first place. This resulted in quite a crowd of the ambitious-but-unoccupied.
This brings us to the question of why the trend of university re-enrolment emerged noticeably in the years that followed the economic crisis. In simple terms, to differentiate oneself in the icy economic climes of 2008-10 to see any prospect of a continuing pay-check, meant either possessing high levels of the sort of experience that companies actually still had a requirement for (usually coupled with a swingeing pay-cut), or to stand out as a beacon of hope for the future with the knowledge and bright new concepts for cultivating a productive future that is often associated with good qualifications. For many that meant re-acquainting themselves with their text books to push their qualifications to a higher level.
For the many who were unable to maintain any sort of employment during the darkest days of the recession, there was a compelling case for preparing for better days that would hopefully come. This was less about future-proofing their career-success, and more about ensuring they were prepared simply to keep up in the highly competitive job market when the good times did eventually return, as there was now an entire body of crisis-affected workers who were all stood at the gates awaiting those same anticipated job openings. Taking a more positive view, the UK (and many other countries across the world) was experiencing an up-scaling of the academic quality of its workforce on a scale that could have a truly marked effect when the economy finally rebalanced.
You might be wondering why this brief and sweeping overview of recent British industry is relevant in a news-piece about level 7 programmes at Axial Colleges. With world economies now as intertwined as ever, and with Axial College developing its Study Centre campuses in more new locations, the opportunity for career-hungry graduates and professionals to enhance their future prospects with a UK Postgraduate qualification plays a small part in broadening the level playing field of our international applicants. With university partnerships offering students further pathways into combining our programmes with a UK MBA or Master’s Degree, students can enjoy study abroad opportunities to add further kudos to their CV.