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Employers set to increase the number of graduate vacancies

Published: Tuesday, 17 January 2017   Category: All Graduate Jobs News

A study of the latest graduate vacancies has revealed that employers are increasing their university-leaver vacancies by 4.3%.

The Graduate Market in 2017 report, conducted by High Fliers, has revealed that employers in six out of 13 key industries are expecting to take on more graduates than they did in 2016.

Extra jobs are set to be available in the public sector, retailing, law, IT and telecommunications, oil and energy as well as engineering.

The biggest growth is expected within the retail and public sectors which together will create 1,200 graduate positions in 2017.

Many believe that the European Union decision would result in a downturn for graduate employment, however, just eight out of 100 employers said they would reduce recruitment because of the Brexit vote.

The study also looked at the starting salaries for graduates at the country’s most successful employers, including Facebook, Barclays, Rolls-Royce and Microsoft.

High starting salaries

Some of the leading employers for graduates are offering starting salaries of up to £45,000, whilst 13 firms across the country are offering figures of between £45,000 and £55,000.

The most lucrative sector for graduates continues to be investment banking, with an average starting salary of £47,000, however first consulting jobs have a varying starting point of between £31,500 and £55,000.

For the third year in a row, leading law firms have increase the starting salaries for trainee solicitors to £43,000 – a new high.

Supermarket chain Aldi is offering graduate trainee area managers a starting salary of £42,000, whilst new employees joining the European Commission can also expect to earn the same figure.

Last year saw the number of graduates hired by leading firms increase by 1.6%, however a number of companies failed to fill all of their vacancies.

Martin Birchall, Managing Director of High Fliers Research, believes the findings show that employers are not hiring graduates for a short term fix, but are thinking about training them so they can be competent managers after a couple of years.

For finance graduate jobs across the UK, visit Grad Plus today  

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