.jpg)
With tens of thousands due to graduate this year, we examine the condition of the job market for the Class of 2025.
Each year, tens of thousands of students graduate from Irish universities, entering an increasingly competitive labour market and an additionally volatile and complex global economy. As of 2024, UCD again ranked number 1 in Ireland for graduate employment outcomes, according to the QS European University rankings. Nevertheless, recent graduates face a myriad of challenges, including rising rents, a high cost of living, technological innovation, and global disruption caused by geopolitical conflict, climate change, and the introduction of AI software in many fields.
Employment opportunities vary by academic programme area, with educational courses offering the strongest employment outcomes, and arts and humanities students facing the weakest. This is due to shortages in certain professions (e.g., teaching) and demand for specialised skills and technical knowledge in certain sectors.
48% of those who emigrated fell within the 25-44 year age cohort, indicating that many young people, including recent graduates and postgraduates, are leaving the Irish job market in pursuit of more favourable economic conditions overseas
One of the key obstacles facing recent graduates lies in finding a place to live. Sourcing appropriate accommodation in the midst of a housing crisis can be immensely challenging, with many opting to emigrate in search of lower rents. However, many who emigrate eventually opt to return. According to data sourced by the Central Statistics Office (CSO), cited in a report published by the Irish Diaspora Support Project, while over 34,700 people emigrated from Ireland in 2024, over 30,000 returned to the country. This indicates that many view emigration as a temporary measure, but still wish to build a future for themselves in Ireland. Nevertheless, Ireland is facing a demographic challenge posed by net emigration. According to the project, 48% of those who emigrated fell within the 25-44 year age cohort, indicating that many young people, including recent graduates and postgraduates, are leaving the Irish job market in pursuit of more favourable economic conditions overseas.
While certain sectors of the Irish economy have demonstrated remarkable resilience and growth, graduates face intensified competition and challenges in securing roles that align with their credentials.
Ireland's economy has experienced dramatic changes in recent years. In 2024, the European Commission reported a 0.5% decline in GDP, primarily due to contractions in the multinational sector during the first half of the year. However, the present economic outlook is slightly more optimistic, with robust foreign direct investment, full employment, and a skilled labour force expected to boost both investor and consumer confidence.
The Robert Walters survey indicates that 55% of employers prioritize a willingness to learn, over prior work experience (18%) and academic excellence (6%).
Despite these encouraging economic indicators, the employment landscape for graduates has become more challenging. A survey conducted by the recruitment firm Robert Walters revealed that 48% of Irish employers are hiring fewer graduates compared to the previous year. This reduction is attributed to economic uncertainties and organisational restructuring. Consequently, over 60% of recent graduates report difficulties in securing relevant professional positions.
The Higher Education Authority's Graduate Outcomes Survey for the Class of 2023 showed that 76.5% Undergraduate Honours Degree Graduates were employed nine months post-graduation, a slight decrease from 77.2% in 2022.
In the current competitive job market, employers are placing increased emphasis on specific traits and qualities in prospective employees. The Robert Walters survey indicates that 55% of employers prioritize a willingness to learn, over prior work experience (18%) and academic excellence (6%). This shift underscores the importance of adaptability and continuous skill development for candidates faced with a dynamic and mercurial economic climate.
The Irish government has introduced several measures aimed at strengthening the economy and, by extension, the job market for graduates. Budget 2025 includes a €2.2 billion aid package to address the cost of living, encompassing energy credits and child benefit bonuses. Additionally, €6.9 billion is allocated for state spending and €1.4 billion for tax cuts. These initiatives are designed to stimulate economic activity and create a more favourable environment for job creation.
However, the economy's heavy reliance on multinational corporations presents potential vulnerabilities. Corporate tax revenues from these entities constitute a significant portion of the state's income. This dependency raises concerns about sustainability, especially in light of potential global economic shifts and policy changes in key markets like the United States. A second Trump presidency will also have massive implications for Irish economic policies, particularly with regard to trade and commerce, attracting foreign investment, and nurturing indigenous enterprise and industry.
While Ireland's economic projections for 2025 are optimistic, the job market for graduates remains competitive and challenging. By understanding employer expectations, staying informed about economic policies, and proactively developing relevant skills, graduates can navigate the challenges and seize opportunities in the evolving employment landscape. Here's to the Class of 2025!
UCD offers a range of career guidance services to support students planning their next step after college. Readers who would like to share their experience of the Irish job market are encouraged to reach out via email to features@universityobserver.ie