Not according to the latest report from ONS (the Office of National Statistics). Their research shows that employment rates for graduates are very similar to non graduates - 84% for graduates vs 73% for non-graduates.
To make matters worse, when you take out the sub-25 year olds (as many are still studying), it's even closer - 85% for graduates vs 84% for non-graduates.
But before you start spending all those University fees you've been saving up for your kids on that new sports car, there is a bit of good news for grads. Graduates are far more likely to work in "professional services" which currently has an average salary of around £30,000 - £36,000, compared with non-graduates who are more likely to work in non-professional services, earning an average of nearer £24,000.
So graduates don't necessarily secure more jobs, but they are likely to earn more.
The report didn't take into account their student loan debt and/or bar tab from their student union though. Our advice? If you want a job in the IT industry, go to University, educate yourself, have lots of fun, then secure a professional job in a growing sector currently suffering a big skills shortage.