There are a lot of conjobs out there for sure. And even when it's not a con job the careers service tends to sleazily overstate and massage statistics. Complain about it and you get beaten with a "you lazy unemployed moron" stick from people who know zip about industry.
The "What are they doing now?" chart my MSc college produces is complete fraud as the college only ask 12 months after graduation and make it look the whole class had a lovely job lined up around exam time, when in reality 1 guy had an offer before exam time. It worked out for me as I came across an agency that helped me prep for quant roles and they placed me within 2 months (3 months after leaving), but many went into the MSc based on false data prepared by a careers service that probably think there's just one job in financial services called "finance".
I think a better idea than looking at flawed stats would be to find graduates from the MSc and speak to them (or just ask on forums like this). That is hard to get but with the masters I did people from my undergrad 1-2 years ahead had done it and all been placed in top banks or hedge funds in quant and risk roles reasonably quickly.
I met someone that dropped out of a "business" MSc in the same uni around the time I started as she met people that had done her MSc and had gotten nothing out of it 2-4 years on. This kind of independent research is hard to fake. The chart she got for "what are they doing now?" it turned out slapped in what part timers were doing as a main job, which they had been doing anyway and made it look like they got into roles thanks to the MSc when that was not the case. Graduates fed back to her how the college did it's sleazy survey full of loaded questions and one even complained that the college had twisted it's report by changing the wording of his job title to make it sound like he'd gotten it because of the MSc, when he had gotten the role in spite of doing such a bad course.
To the uninformed observer it looked that we had both entered with the same chance of landing a job.
But certain things only genuine MSc programs can produce - can they bring in a local firm and graduates from the MSc that are working there? This was something the guy that ran my MSc could do while the con job I mention was devoid of careers fairs or any opportunities to meet graduates.
