More than three in five graduates are contemplating further study due to the tough jobs market, according to figures from Milkround.com.

The survey shows that 15% consider a postgraduate qualification is “essential”, 16% “beneficial”, while 13% did not think they needed a postgraduate qualification, but would still like one.

Milkround.com spokesperson Mike Barnard says: “Postgraduate study is becoming increasingly popular among graduates who are taking a look at the harsh realities of finding a job this summer and realising they need to beef up their CV or face an uncertain future. Employers have fewer vacancies but more candidates applying meaning they can be picky when choosing their graduate employees. If the skills don’t match up, a CV will go straight in the rejected pile – it’s that simple.”