Earning While Learning
The study, which surveyed around 2,128 students, was conducted by the student insurance agency Endsleigh. It demonstrates that almost 13 per cent of students already work full-time, either during the holidays or term-time or both. It also reveals that about 59 per cent of university students have at least part-time jobs which help them through the expenses related to earning a university degree.
Most of the top universities in UK have traditionally followed strict rules on students who take jobs during term time as it can impact their studies as well as the enveloping university experience. In their website, Oxford University informs its students, “Term-time employment is not permitted except under exceptional circumstances.” Moreover it also says that in the holidays students “will need to prioritise studies”. Similarly the University of Cambridge informs that the institute “does not allow students to undertake paid work” while students are pursuing full-time courses.
Working is a Necessity, Not an Option
Traditionally studying in a university has been a great and privileged experience as students could get involved in the social and work life of the university. But with the growing tuition fees in most colleges and the looming burden of crippling students debts after graduation, most students are now opting to do jobs even during term time.
More than 58 per cent of the surveyed students disclosed that the money earned from their jobs not only helped them to meet their academic expenses, but it also allowed them to have a normal social life throughout their course. On the other hand 38 per cent of the students surveyed said that the earnings from their jobs were mainly for their future. Another important reason for working while pursuing their degrees is that it adds value to their CVs and increases their employability when the graduate. Around 41 per cent students believe that work experience will improve employment credentials.
Does It Help Your Career?
Education Sector Manager at Endsleigh, Kim McGuinness, said “The results suggest that working students are, at least in part, finding employment in the hope that the additional experience will help them stand out from the crowd when it comes to kick-starting their careers.”
The study also checked the financial condition of around 1,000 recent graduates and discovered that most graduates were rather dissatisfied by their low bank balance during early careers. Almost 50 per cent of graduates admitted that their present wage is less than what they expected. Many graduates had no earnings while 57 per cent students earn £15,999 or even less.
It was observed that graduates from London had good earnings and about 50 per cent earn £16,000 or more. The study revealed that a total of 71 per cent of university graduates believe a university degree has increased their chances of getting employed.
Do you think working while in university is a good idea? Does it hamper your studies? Or is it necessary to work to support your education? Let us know what you feel by commenting below.