July 26, 2021

Graduates of grandes écoles are not immune to the Covid-19 crisis

In terms of integration into the labor market, graduates of French grandes écoles have not escaped the consequences of the health crisis. This is what the study published on Tuesday, June 15, by the Conférence des grandes écoles (CGE), which covers the situation of 2020 graduates from 193 establishments (mainly business or engineering schools), has been observed, six months after entering the labor market. This year, 42,000 2020 graduates responded to the survey.

“The unfavorable health and economic context for the executive employment market has had a real impact on the entry into the professional life of young graduates”, emphasize the authors. Thus, the net employment rate six months after graduation is 79%, a drop of 9 points compared to the previous year – a rate similar to that observed in 2010, in the post-financial crisis context. Also, the percentage of young graduates looking for work at the time of the survey jumped: if it was 4.2% in 2017, it has reached 17.7% this year.

Article reserved for our subscribers Read also 18-25 year olds, a generation damaged by the pandemic

The average annual gross salary reported by respondents, on the other hand, was little changed. It stands at 35,461 euros gross (excluding premiums), a decrease of 0.7% over one year. “The shock wave is less important than what we could have feared”, abounds Anne-Lucie Wack, president of the CGE. Still with significant differences depending on the sector: the board is the one that pays the best (39,000 euros per year on average, for business school graduates). The food industry is the one that offers the lowest salaries (31,000 euros, on average, for engineering school graduates).

“The crisis has accentuated the gaps between men and women”

“We also note that the crisis has accentuated the gaps between men and women”, notes Nicolas Glady, director of Télécom Paris, and rapporteur for the CGE study. Among 2020 graduates, the average salary of men is 6.6% higher than the average salary of women. Almost one in four women (23.2%) receives less than 30,000 euros; this is the case for only 11.7% of men. “On the side of higher wages, the situation is reversed”, underlines the report.

In addition, the jobs landed by 2020 graduates are more precarious. The proportion of young people on permanent contracts fell by 4 to 5 points compared to the 2019 promotion (it still remains at 78% for engineers). And if, in 2018, 87% of graduates had executive status when entering the company (91% for men), this year, they are only 82% and 76% for women. An under-valuation of the first job, in terms of status, salary, which can have consequences on the whole of a career.

You have 35.44% of this article to read. The rest is for subscribers only.