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Good News for Graduates: Salaries and vacancies buoyant in 2005

Published: Thursday, 10 February 2005   Category: Life after graduation | Graduate Job sector Reports

The graduate job market continues to grow, according to research published today (Thursday 10 February 2005) by the AGR (Association of Graduate Recruiters).

The AGR Graduate Recruitment Survey 2005 ·a survey of some of the UK's leading employers ·reveals that the number of graduate positions is predicted to increase for the second year running, this year by 14.5%. Last year vacancies rose by 15.5%.

Graduate salaries also continue to rise. AGR employers are expecting to pay new graduates a median starting salary of £22,000 in 2005, an increase of 4.8% on last year, the biggest predicted increase for five years.

The results are dominated by a huge increase in both salaries and vacancies in the accountancy sector, where graduate starting salaries in some parts of the UK are predicted to exceed £25,000 for the first time.

The AGR Graduate Recruitment Survey is the definitive bi-annual barometer of the employment situation for graduates in the UK. The survey, carried out by High Fliers Research, is based on the responses of AGR members, many of the UK's largest graduate recruiters in both public and private sectors. The research for this latest report was carried out during December 2004 and January 2005.

Carl Gilleard, chief executive of the AGR, comments: "The findings of our survey should bring a smile to the faces of final year students and recent graduates looking to enter graduate level employment this summer." Significant increases in vacancies this year; building on a substantial increase last year suggests that business confidence is high across most sectors.

Predicted salary increases of 4.8% are very generous and indicate that employers continue to recognise the value that top graduates bring to businesses. It also suggests that among recruiters competition for the best graduates is intensifying.

All the more surprising then, that some employers should find that they are not receiving as many high quality applications as they need to fill their increased recruitment targets. The report should act as a wake-up call to the graduate Class of 2005. They should seriously consider taking advantage of the buoyant graduate vacancy market now!

Source: AGR 10/02/05

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