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Official figures show that graduates from the very best universities are significantly more likely to be tempted overseas, prompting fears that Britain’s most talented young people were being forced to look abroad for employment during the downturn.Almost one-in-10 British graduates from institutions such as Cambridge, Durham, Exeter and Oxford who found jobs in 2011 were working overseas.
According to data from the Higher Education Statistics Agency, around four-in-10 graduates working abroad were based in Europe, but a fifth secured jobs in the Far East and 12 per cent were in North America.
Last night, business leaders expressed alarm over the latest disclosure, insisting that many British companies were struggling to recruit high-quality graduates, particularly in areas such as science, engineering and maths.
Verity O’Keefe, employment adviser for the manufacturers’ organisation EEF, said: “It is worrying that the UK is increasingly losing top graduate talent to competing countries.
At other Russell Group universities, numbers increased from 1,595 to 2,030, reflecting the 27 per cent rise registered nationally.
Separate HESA figures showed a breakdown of British students working abroad after leaving each university.