Swedish Scholar Survey: Large banks excel, FinTech fails

In regards to the Scholar Survey 

This 12 months’s pupil 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 to this point. 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 additionally the world’s largest expertise survey by far. This offers us a novel information base and understanding of what expertise is on the lookout for and expects from employers. The information is additional segmented by gender, age, academic background, and so on. The appropriate information consequently provides you as an employer related perception into how you should proceed to be able to appeal to 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 situations proceed to grow to be much more essential. On the whole, it may be mentioned that Respect and Kindness within the Swedish work setting is mostly growing as a profession choice. Nonetheless, traits similar to a Inventive and dynamic work setting, Difficult work, Moral norms and CSR have gotten much less essential. Maybe CSR has grow 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 12 months wherein the significance of economic sustainability has reached an all-time excessive amongst college students. Unstable financial instances shifts the main target to industries that may deal with financial uncertainty. Firms which have a confirmed capacity to behave with a monetary duty mindset are extra engaging this 12 months.  

One trade anticipated to navigate a excessive curiosity/inflation setting is banking. With fears of a looming recession, the emphasis on good cash administration appears to outweigh employment with profitable progress employers. This clearly correlates with this 12 months’s rating, which exhibits an elevated curiosity amongst college students in working at giant and prestigious banks. 

Trade developments 

The banking sector was one of many large winners in 2023 in line with the scholar survey. Nonetheless, that is the primary time since  2019 that Fintech is experiencing a pointy trade decline amongst finance and IT college students, with many stylish FinTech corporations dropping ranks. On the whole, we see all the tech trade dropping attractiveness as a consequence of a looming recession and ongoing layoffs throughout the trade. Main gamers similar to Spotify, Google and Microsoft stay very engaging, however additionally they misplaced percentages on this 12 months’s rating. That is doubtless as a result of uncertainty that impacts the trade and the big layoffs which can be occurring. The underside line is that right now, it’s not thought of a secure trade to work in. 

Rating 

Google takes again 1st place from Spotify on this 12 months’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 normal large 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 pattern amongst employers linked to the nationwide protection. Each Saab, the Armed Forces and FOI confirmed robust rating performances this 12 months. This may increasingly 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 12 months 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.