Are investment banks really draining STEM graduates from other sectors?

Some STEM graduates building a robot. Cool. Image: Getty.

One common answer to why Britain apparently lacks engineers is that graduates who study science, engineering or maths degrees are being lured away by the big bucks of the City. But as the data from our recent report The Great British Brain Drain shows, this is nowhere near as big a problem as some have suggested.

Looking at where STEM  (science, technology, engineering and maths) graduates were working six months later shows that some did go to finance and consulting in 2013-14 and 2014-15. But this figure was low – just 7 percent followed the money to higher paid jobs in these sectors.

They were also less likely than average to be working in London, where finance wages were the highest. Whereas 24 per cent of all graduates were working in the capital six months after graduation, 21 per cent of STEM graduates were doing the same.

So where do STEM graduates go? Manufacturing was the most popular (13 per cent found a job in this sector), while education was a close second (12 per cent). This was followed by computer programming, consultancy and related activities (8 per cent), health (7 per cent) and architectural and engineering activities (6 per cent).


Of these top five industries, the publicly-funded sectors of health and education – which employ close to one-fifth of new STEM grads – stand out as not being directly relevant to STEM subjects. It is therefore these sectors which provide the biggest competition for STEM graduates, not finance or consultancy – with education recruiting double the number of STEM graduates that finance and consulting did.

Of course, we should not be discouraging STEM graduates to go into teaching – it makes sense to have maths and science graduates teaching these subjects. But in the same vein, having maths graduates applying their quantitative skills in finance also makes sense, given the skills that this sector requires and the role that it plays in the national economy.

As such, if the short supply of graduates with STEM degrees is a problem for employers, then it is likely to be down to the lack of graduates overall, rather than a result of competition from non-STEM sectors. And it is on this issue that policymakers should look to intervene.

You can see more of our analysis on the new graduate labour market in the Great British Brain Drain.

 
 
 
 

Which pairs of capital cities are the closest together?

Vienna, which is quite close to Bratislava, but not quite close enough. Image: Thomas Ledl

It doesn't take long to get from Paris to Brussels. An hour and a half on a comfortable Thalys train will get you there. 

Which raises an intriguing question, if you like that sort of thing: wich capital cities of neighbouring countries are the closest together? And which are the furthest away? 

There are some that one might think would be quite close, which are actually much further part. 

Buenos Aires, Argentina's capital, sits on one side of the estuary of the Río de la Plata, while Montevideo, Uruguay's capital lies on the other side. 

Click to expand: Image: Google Maps

But at 207km apart, they're not really that close at all. 

Similarly, Singapore – capital of, er, Singapore – always sticks in the mind as 'that bit on the end of the Malaysian sticky-out bit'. But it's actually pretty far away from Kuala Lumpur, Malaysia's capital. A whole 319km away, in fact:

Click to expand: Image: Google Maps

Thinking of 'countries that cause problems by being close together', you inevitably think of South Korea and North Korea. 

Click to expand: Image: Google Maps

And while Pyongyang in the North and Seoul in the South are pretty close together, 181km just isn't going to cut it. 

Time to do some Seoul-searching to find the real answer here.

(Sorry.)

(Okay, not that sorry.)

Another place where countries being close together tends to cause problems is the Middle East. Damascus, the capital of Syria, really isn't that far from Beirut, in Lebanon. Just 76km:

Click to expand: Image: Google Maps

Seeing as Lebanon is currently host to millions of refugees fleeing the horrors of Syria's never-ending civil war and the atrocities of Daesh, or Isis, this is presumably something that authorities in Beirut have given a certain amount of thought to.

Most of the time, finding nearby capitals is a game of searching out which bits of the world have lots of small countries, and then rooting around. So you'd think Central America would be ripe for close-together capital fun. 

And yet the best option is Guatemala and El Salvador – where the imaginatively named Guatemala City is a whole 179km away from the also imaginatively named San Salvador.  

Click to expand: Image: Google Maps

Another obvious place with lots of small-ish countries is Europe – the site of the pair of capitals that drove me to write this nonsense in the first place. 

Click to expand: Image: Google Maps

And in fairness, Vienna and Bratislava do make a pretty good showing of it. Austria's capital sits on the Danube; drift downstream, and you swiftly get to Slovakia's capital. As the crow flies, it's 56km – though as the man swims, it's a little longer. 

There are more surprising entries – particularly if you're willing to bend the rules a little bit. Bahrain and Qatar aren't really adjacent in the traditional sense, as they have no land border, but let's just go with it. 

Click to expand: Image: Google Maps

Manama, Bahrain's capital, is 140km away from Doha, the centre of the world's thriving local connecting-flight-industry which moonlights as Qatar's capital. 

Sticking with the maritime theme, Port of Spain in Trinidad and Tobago is 152km from St George's, Grenada. 

Click to expand: Image: Google Maps

Good, but not good enough. 

Castries, the capital of the Carribbean country of St Lucia, is 102km north of Kingstown, the capital of St Vincent and the Grenadines. 

Click to expand: Image: Google Maps

Better, but still not good enough. 

Basseterre, the capital of St Kitts and Nevis, inches ahead at 100km away from St John's, the capital of Antigua and Barbuda.

Click to expand: Image: Google Maps

But, enough teasing: it's time to get down to the big beasts.

If you ask Google Maps to tell you the distance between the capital of Congo and the Democratic Republic of the Congo, it comes up with a rather suspect 20km. 

 

Click to expand: Image: Google Maps

A short distance, but considering the only thing separating the two is the River Congo, something's up: Google places the centre of Brazzaville a little north of where it should be, and the centre of Kinshasa many many miles south of where it should be, in some sort of suburb.


So, in true CityMetric style, we turn to train stations. 

Though such transport hubs may not always perfectly mark the centre of a city – just ask London Oxford Airport or London Paddington – in this case it seems about right. 

Kinshasa's main train station is helpfully called 'Gare Centrale', and is almost slap-bang in the middle of the area Google marks as 'Centre Ville'. On the other side of the river, 'Gare de Brazzaville' is in the middle of lots of densely-packed buildings, and is right next to a Basilica, which is always a good sign. 

 

Click to expand: Image: Google Maps

And when marking that distance, you get a more realistic 4.8km. If you want to be really keen, the ferry between them travels 3.99km, and the closest point I could find between actual buildings was 1.74km, though admittedly that's in a more suburban area. 

Pretty close, though. 

But! I can hear the inevitable cries clamouring for an end to this. So, time to give the people what they want. 

Click to expand: Image: Google Maps

If you ask Google Maps to tell you how far away the Holy See, capital of the Vatican, is from Rome, capital of Rome, it says 3.5km. 

Click to expand: Image: Google Maps

If you set the centre of Rome to be the Palatine Hill, the ancient marking point for roads leading out of Rome, that narrows to 2.6km.

 

Click to expand: Image: Google Maps

Fiddle a bit and put the centre of the Vatican as, well, the middle bit of the roughly-circular Vatican, that opens up a smidge to 2.75km.

Click to expand: Image: Google Maps

Mark the centre of point of the Vatican as the approximate location of St Peter's Tomb within St Peter's Basilica, which is after all the main reason the Vatican is a thing and not just a quirky suburb of Rome, and 2.67km is your answer. 

Though obviously in practice Rome and the Vatican are as far away as one single step over the railings at the entrance of St Peter's Square, which fairly blatantly makes them the closest capital cities in the world. 

But that would have been a very boring thing to come out and say at the start. 

Oh, and if you hadn't worked it out already, the longest distance between a capital city and the capital of a country it shares a land border with is 6,395km. 

Click to expand: Image: Google Maps

I know it's tough for you, Vladimir and Kim. Long-distance relationships are a real struggle sometimes.

I can't make a pun work on either Moscow or Pyongyang here, but readers' submissions more than welcome. 

Jack May is a regular contributor to CityMetric and tweets as @JackO_May.

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