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.
To give you an even more precise idea of the salary that you can obtain at the end of your higher education, the CGE has zoomed in on the salaries received by young graduates of engineering and business schools from the class of 2021. And this , in the main sectors of activity that hire them.
As for new graduates from engineering schools, two sectors employ nearly half of them (47.3%): consulting and engineering, as well as services in information and communication technologies. Communication. In these areas, the average salary of young employees from engineering schools is respectively 35,434 euros and 37,257 euros gross per year. But it is not surprisingly the finance and insurance sector that pays the best, with an average salary of 42,868 euros gross per year obtained by engineer profiles.
Among employees who have recently graduated from business school, we observe salaries that are generally higher than those received by engineers. But it is once again the finance and insurance sector that offers the best salary (45,388 euros gross per year on average). And as for young graduates from engineering schools, it is consulting or engineering companies and independent design offices, as well as services in information and communication technologies, which recruit the more young people coming out of business school. With, again, salaries much higher on average than for engineers.
The only downside: the Grandes Ecoles do not make it possible to correct the pay gap between men and women. With a few exceptions, the average salary received by women graduates of the grandes écoles is generally lower than that of men in the sectors observed above. It must be said that more than one in six 2021 graduates (17.2%) currently earn less than 30,000 euros gross per year. This is twice less than for men (8.7%). At the other end of the scale, there are only 13.5% of graduates from the Grandes Ecoles among salaries above 42,000 euros gross per year, against 18.8% of men. “Our schools have a duty to act more in terms of gender equality,” argues Nicolas Glady, president of the CGE’s downstream commission and director of Télécom Paris.