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Salaries for graduate jobs remain consistent, survey shows
Tuesday, 09 February 2010
All Graduate job news
Recent university leavers about to start graduate jobs will be banking an average starting salary of £25,000 for the second year in a row, according to data from the Association of Graduate Recruiters (AGR).
The figure represents a healthy salary and compares strongly with the median starting salary for all-degree educated adults which is £30,004, according to the most recent Labour Force Survey.
Two-thirds of the 214 AGR employers questioned in the survey expect to pay between £22,001 and £31,000 on average in starting salaries.
Graduate job hunters still undecided what career path they wish to take may be interested to learn that investment banking and London were the best-paid sector and region respectively.
Construction, transport and IT were the areas of employment where average starting salaries were expected to grow the most.
Carl Gilleard, chief executive of the AGR, said: "Those with jobs in banking, finance and law will be somewhat cushioned from the impact [of the average salary freeze] but graduates starting out in the third and public sectors will really feel the pinch this year."