NOT like father, like son

  • Only one in six to follow same profession as father
  • Young people 4 times more likely to follow their fathers’ careers path if they were in private sector than public sector jobs.
  • Entrepreneurial fathers more likely to have an impact on children

London: On Father’s Day, children showed their appreciation of fathers but most are unlikely to follow in their footsteps.

Over 83% of young people expected to enter the workforce this year said they wouldn’t pursue the same profession as their father according to Magnet.me, the UK’s biggest student and graduate careers site.

Whilst the majority (44%) of fathers regularly discuss their work with children, they don’t seem inspired to take up jobs like them. This divergence between fathers and their children is especially acute for those in public sector roles.

Only 4% of young people whose father works in the public sector, said they would take up a similar role. This compares starkly to the private sector where 16% of young people said they would follow suit. Interestingly, almost a third (32%) of young people whose father was an entrepreneur would purse similar ambitions.

Ms Sarah Jacobs, a graduate from Manchester University said: “My mother is a nurse and father is policeman. They are having great careers but I just don’t see myself or people like me in their roles in 2018. The public sector just doesn’t have the same kudos that maybe it once did”.

WANT TO BUILD A FINANCIAL EMPIRE?

Subscribe to the Global Banking & Finance Review Newsletter for FREE
Get Access to Exclusive Reports to Save Time & Money

By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

Ms Maxi Morar, a finalist at University of Warwick said: “I believe that my father shaped my focus and perspective career-wise because he talks with such a genuine passion for his work. As a matter of fact, my passion for maths and statistics comes from him. I expect to enter the world of asset management, much like him”.

A significant number of fathers (46%) impart careers advice to their children and the majority of these young people (57%) say they value their opinion and advice.

Vincent Karremans, Founder of Magnet.me commented: “Fathers and children are clearly engaged on conversations about the world of work but young people clearly have different ambitions. The poor image of the public sector, with low wage and slow career progression prospects hasn’t helped”.

“There are wider career opportunities available now in industry as well as cross-border. The world has become a smaller place over the past 30 years”.