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Graduate job market remains buoyant
Tuesday, 10 July 2007
Life after graduation
Graduate Job sector Reports
A major new report has shown that opportunities on the UK's graduate job market continue to soar, but that starting salaries are not showing the same high levels of growth.
The latest edition of the bi-annual employment survey by the Association of Graduate Employers (AGR) asked more than 200 of the UK's biggest graduate job market players about their recruitment forecasts for the coming six months.
The survey found that the number of job options available to recent graduates grew for the fourth consecutive year, with an increase of 12.7 per cent marking a significant increase from last year's lift of 5.2 per cent.
"Graduates entering the market in 2007 can be optimistic about the opportunities available to them, with vacancies predicted to continue to rise," commented Carl Gilleard, the chief executive of AGR.
However, with an abundance of qualified candidates coming on to the graduate job market, the report also found that almost two-thirds of employees expected at least 2:1 grade from any potential candidate, while many are also now confident enough of the market not to feel the need to offer substantial pay increases.
In fact, although overall starting pay for graduates rose by 2.4 per cent to £23,500, the opening pay figure for jobs in London - representing two-fifths of all graduate jobs - and East Anglia actually dropped by five and 14 per cent respectively.