DESPITE A CHALLENGING ECONOMIC OUTLOOK AND A COST-OF-LIVING CRISIS, YOUNG LONDONERS ARE RELATIVELY UPBEAT ABOUT THEIR FUTURE CAREER PROSPECTS. THAT’S ACCORDING TO A NEW SURVEY PUBLISHED TODAY (WEDNESDAY 16 AUGUST) AHEAD OF A‑LEVEL RESULTS’ DAY, BY THE CAPITAL’S LEADING BUSINESS CAMPAIGN GROUP BUSINESSLDN.
READ THE REPORT HERE
Fresh polling shows that almost two-thirds (63%) of London’s 16 – 18-year-olds are feeling relatively optimistic about their future career prospects compared to just 8% who feel negative and 29% who feel unsure. Over 500 16 – 18-year-olds who live in London and are in education took part in the survey, carried out between 15 – 19th June 2023. Healthcare and medicine (15%) are the most popular career path for respondents, followed by finance (14%) and law (13%). In contrast, a far smaller proportion want to pursue a career in a trade (1%), hospitality, professional services such as management consultants, or as an influencer (all 3%).
Obtaining in-person placements were difficult post-pandemic but the survey also shows just over half (57%) of London’s 16 – 18-year-olds have undertaken work experience in the last two years, 30% didn’t do any work experience, and 13% were unsuccessful in obtaining any. Of those who secured work experience, 61% agree it has positively affected their ability to choose a future career path compared to 15% who disagree.
BusinessLDN, which runs Skills London, the UK’s biggest jobs and careers fair, is calling for urgent action to ensure young Londoners are equipped with the skills they need to succeed. This includes creating a one stop shop careers advice service, reforming the apprenticeship levy and encouraging more businesses to offer work experience placements. It comes weeks after it set out a slew of recommendations to tackle skills shortages, address inequality and boost labour market inclusion in London as part of its leadership of The London Local Skills Improvement Plan (LSIP), with the capital’s other leading business groups.