Stutern’s goal has always been to power workplaces with the best talents the country can offer. One of the ways we aim to achieve this is by providing both talents and employers with insights they need to make smart decisions which is why we are releasing our first annual Nigerian Graduate Report that offers what we term “a definite outcome of Nigerian graduates”. The report covers the salary distribution of entry level jobs across several industries, examines how the academic institutions attended affects employment status and what employability skills graduates believe they possess.
With our very helpful and dedicated partners, we collated and dug into the data of graduates from 77 higher institutions who studied a wide range of courses and graduated with degrees from Ordinary National Diploma (OND) level to PhD level.
Some of the most interesting and striking findings include:
Employment status of Nigerian graduates
From the data collated, we were able to ascertain that a large percentage of graduates are employed full time in one form of employment or another, be it a personal business or a company job. Meanwhile the remaining percentage of graduates are either unemployed, engaged in further study or preparing for further study.
Gender pay gap starts early
According to Wikipedia, gender pay gap is the average difference between a man’s and a woman’s salaries or wages. While the World Economic Forum has done a most fantastic job of quantifying the magnitude of gender disparities through the Global Gender Gap report, we were able to, from data collected, find specifics as pertaining to Nigeria as a country as to just how this gap starts early in entry level jobs and continues to widen as the move from one level to another. We also compared for other factors such as education, experience, industry, occupation, role, and hours worked, the pay gap still exists.
Under-compensation for Nigerian graduates
Entry level jobs are a must for all graduates wishing to kick start their career, but what we can infer from the data collected is that every 3 out of 4 employed graduates earn less than N50,000 ($125) on their first job.
Public Buses (Danfo) remains the major mode of transportation
While most of the salaries paid to young graduates are expended on transportation to work, we were not surprised that public buses popularly referred to as “Danfo” remains the most used mode of transportation among young graduates.
Covenant University is the most employable in Nigeria.
In an effort to understand just how well the Nigerian education system contributes to the nation’s employed forces, we looked at the proportion of candidates hired within a year of graduation to the proportion of the institution’s population. Covenant University ranked the highest at 90% employability rate.
Hiring is hard, hiring potentials is even harder, but we hope employers and talent can arm themselves with data to make the process easier, download the entire report here.