Return (almost) to normal for young graduates of business and engineering schools. According to the last investigation conference* of the Conférence des grandes écoles (CGE), unveiled this Wednesday, June 15, the net employment rate** of the class of 2021 stands at 89.8%, less than six months after obtaining their diploma . As a reminder, due to the crisis, this indicator stood at 79.1% only for the class of 2020. The net employment rate thus exceeds its pre-crisis level (88.1% for the class of 2019).
This very good momentum can be explained by a particular context on the labor market, linked to the economic recovery. Indeed, for many trades, employers encounter significant difficulties in recruiting enough talent to meet their needs. The current situation is therefore favorable to young newcomers to the labor market. It remains to be seen whether it will last.
Resumption of the increase for wages
Beyond employment opportunities, the current context is also promising in terms of wages. Indeed, this year, the average remuneration received by young graduates from major French establishments less than six months after leaving school is back to “the upward trend observed since 2016, before the trough of 2021 (-0.7% , note)”, indicates the CGE in its report. Thus, over one year, the average gross annual salary increased by 3.1% for all young graduates, to stand at 36,551 euros.