Unemployed Graduate 100k dilemma; share your life experience

Apodemus

jpuphill wrote: »

I have never heard of someone going travelling to find an employer, unless you're talking about Norman Tebbit's father...

Plenty of people go travelling and end up getting a job and settling where they have travelled to. Others still go to a particular destination and then look for work there. Some still go to a particular place and either lobby for work or work their way up in that locale. If you think that Norman Tebbit's father was the last one ever to "get on their bike" then you need to get out more!

jpuphill

Well please elaborate, as far as I am aware graduate emigration is near impossible against the VISA systems, to go from working holiday VISA to sponsorship to permanent employee is not common, so if you could quantify 'plenty' of graduates settling abroad ...

Forgive me but I wasn't explicitly clear, In a 25 mile radius of where I live, or 1963 square-mile area, there are around 300 permanent job vacancies so I have long given up on the idea that I can remain in the areas where I grew up, my point was that I have the internet to search for positions globally, which is the modern 'getting on my bike' so to speak, I am prepared to relocate just about anywhere and have been job hunting nationally, the job I was offered was 160 miles away, I have been on my bike, everybody is on their bike, globalisation

but physically travelling with a VISA outside EU with the intention of finding an employer that I can't find online is unlikely to be a success, if someone says to go to English speaking countries I stand little chance of being hired for graduate position as I am working against the immigration system for skilled workers, yes I could get bar work or tourism jobs but why would I? the work that I want is entry level or internship in STEM / Business, any company who has a vacancy will post online

jpuphill

Unemployed rate is serious right now... that's a fact. However, there are still many places that need workers.. this means that people only have specific jobs they want to work. And if that doesn't work, they are considered them as unemployed. Well, I admit do what one likes. However, this unemployed rate is a little bit not precise i think.

The unemployment rate is too low for the UK economy to expand significantly which is corroborated by the down trend in wages, as far as figures are concerned they are flawed, LFS is a survey 4 times a year not a precise counting. Whilst I meet the definition of unemployed often graduates are considered 'economically inactive' if living at home and are not included as unemployed by the government.

In terms of 'specific jobs they want to work' I am applying for internships and positions across 4 industry sectors and anything that says 'no experience necessary' nationwide.

Just a small point, the majority of grad jobs are commission based sales / recruitment and accounting, neither of these are jobs I can do

Cactus_Jack

I'm in a similar position to OP but probably 10 years older and with less than half the money. I have no idea what to do next. So I'll be reading with interest.

OP, one thing I don't regret is spending a few grand on holidays I always fancied doing. You could do worse than go somewhere you've always wanted to go, and have a think whilst there.

justme111

http://www.stintireland.com/what-are-your-working-holiday-job-prospects/
http://www.jobsabroadbulletin.co.uk/category/volunteer-jobs-abroad/working-holidays-abroad/. Just as an example.
I am not sure why you state that permanent emigration will unlikely to be a success or that just disembarking in a foreign airport may not lead to any employment. What I and I suspect others were talking about I put in the links above. Positions which are arranged via Internet, either voluntary work with board arranged or some minimal wage work across the globe. You seem to substitute suggestions given and then argue why those that you substituted for are not viable.
Don't get me wrong , I do not try to say that everyone should go through strawberry picking in Australia after graduation. In your case you seem a bit stuck and lacking something which may well be sortable by seeing the world while doing whatever work in it.

steampowered

Honestly, I think you need to get a full time job ASAP. It doesn't matter what the job is and you should be prepared to relocate.

Getting a full time job will improve your mood no end. It will also demonstrate that you are employable.

Somewhere like McDonalds is absolutely fine. Even if you only work there for a couple of months it would be fun, give you an income and demonstrate that you are employable.

That is where I started and where many of my colleagues did as well. I earn over £100k in my twenties. There is a correlation between being prepared to work hard early in life and being successful in your career.

I think you should forget about your investments for now. Simply leave the money in a tracker fund and forget about it. Getting a job needs to be your absolute priority.

£100k is not enough to fund a long-term change in lifestyle. If you use the £100k to support yourself rather than getting a job, you are going to make yourself unemployable.

It also sounds to me like you should consider renting somewhere. A bit of independence would help your mood too. If you need to dip into the £100k to fund a rental deposit so that you can rent somewhere and get a job - basically get your life started - that is worth doing.

steampowered

Also, why can't you take the job in Shoreditch?

Most people working in central London commute. Very few people actually live next to their work in Zone 1.

You could live anywhere on the London Overground or Northern Line and get to Shoreditch very quickly. For example it takes only 15 minutes to get from New Cross (one of the cheapest areas in London) to Shoreditch.

If you want to live somewhere less urban, you could live outside London and take the train into Liverpool Street. Shoreditch is just a short walk from there.

jpuphill

As I said, I was just asking for you back up your statement

Plenty of people go travelling and end up getting a job and settling where they have travelled to.

as moving from a working holiday visa (fruit picking, farm maintenance, hotel work) to getting an employee sponsored visa is very hard without years of skilled work experience in a particular field to satisfy eligibility criteria

Just to clear this up so we can move on, I don't want to work menial jobs oversea and I don't want to travel. I am seeking advice on where to put my money and advice on how to establish an investment objective so I can determine what proportion of my investments should be long vs short term holds (10/15 years vs 3/5) and how much liquidity I need.

I really appreciate that there are opportunities to work as bar staff, hospitality, farms in countries outside the EU, but it is of no interest to me at all. If there is advice an securing engineering internship in South Africa or Southampton then that is of more interest, I am seeking employment

jpuphill

I am focused on getting a job and have been for a long time, my expectations have come down and down and down, nearest maccie d's is 30miles away :P haha

I know where you're coming from and I think I will be end up doing something like that but is moving out with no job, trying to get somewhere to rent without a job, then getting minimum wage job a good idea for morale? Because if I'm moving without a job then I can pick anywhere to move to and the open ended nature of that seems to warrant "what the f*** am I doing with my life?!"

That is where I started and where many of my colleagues did as well. I earn over £100k in my twenties. There is a correlation between being prepared to work hard early in life and being successful in your career.

Is any of that detailed in another thread as I'd like to read more

Eric_the_half_a_bee

jpuphill wrote: »

is moving out with no job, trying to get somewhere to rent without a job, then getting minimum wage job a good idea for morale?

If the alternative is sitting at home dreaming, then yes