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Graduate exodus from Ireland 'exaggerated'

Published: Thursday, 25 November 2010   Category: Banking and Finance

Reports of a mass exodus of graduates from Ireland following the country's debt crisis may be exaggerated, experts believe.

According to eFinancial Careers, although the Union of Students in Ireland suggested that 1,250 students are leaving Ireland every month and 150,000 may emigrate over the next five years, these figures may not necessarily materialise.

Data from University College Dublin reveals that of the 3,000 students graduating in 2009 whose destinations were tracked, just 261 left Ireland to pursue jobs overseas.

Similarly, figures from Trinity College Dublin show that between six per cent and eight per cent of its students go on to work in graduate scheme jobs in foreign countries.

Financial institutions such as KBC Ireland, Dexia Bank and Ulster Bank have been recruiting graduates again this year, while the Central Bank's 60-strong graduate intake remaining robust.

Recruitment for graduates with specialist skills such as IT has also been fairly strong.

Experts had reported that with a third of under-25s out of work, it is young people who would be most likely to leave Ireland, with Australia, New Zealand and Canada among the top destinations.

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