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It said increasing numbers of future graduates "would result in declines in the education wage differential" once the trend of hiring extra graduates into management had run its course.
BAE Systems has attracted 34% more applications from students so far this year, compared with the same time last year, and it plans to recruit 56 extra graduates in 2009.
He says this is driven by both supply and demand - rising numbers of families wanting their children to go to university and high-wage economies in cities drawing these extra graduates.
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An extra postdoc in an average-sized lab added 0.31 publications, whereas an extra graduate student meant only an extra 0.14 (bearing in mind that these are suggestive correlations with no clear implication of cause and effect).
But do they secure these jobs because employers are impressed by a degree, or by the extra skills graduates develop by studying for one?
Rolls-Royce, the aircraft engine manufacturer, is recruiting an extra 70 graduates this year and BAE Systems is hiring 300 for a range of jobs including engineering, finance, IT, research and development and sales and purchasing.
— California families on welfare would receive a $50 monthly diaper voucher for young children, and students at Cal State schools could get extra help graduating on time under measures sent to Brown.
But the "graduate premium" – the extra amount a graduate can expect for those three or more years – is narrowing.
It was as if the casting department had been told by a movie director, "I need a few hundred extras who graduated high school in the '50s.
Graduates' extra earnings will pay for the fees many times over.
At the same time, an extra 50,000 new graduates will leave university this summer compared with five years ago.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com