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Scottish graduates break 20k barrier
Friday, 29 June 2007
Life after graduation
Average prospective salaries for university graduates in Scotland have exceeded £20,000 for the first time, according to a new report.
Glasgow based management consultancy firm Hay Group found that the average graduate wage was £20,254 this year, up from £19,872 in 2006.
However, Scottish graduates remained among the lowest paid in the UK, with those in central London demanding the highest wage, an average annual salary of £24,333. Only firms in the north-west of England (£20,299), the West Midlands (£20,195) and Wales (£20,000) offered a lower average salary to graduates than those in Scotland.
Juan Novoa, reward analyst at Hay Group, said: "Despite the increasing number of graduates in the job market, companies are still struggling to recruit the graduates with the right mix of skills and competencies.
"Rather than attracting candidates with high salaries, many companies are now marketing a total package, based on bonuses, benefits and comprehensive training programmes to ensure their graduate intake develops the right skills to be fit for the future."
In UK as a whole, the average graduate wage was £20,812, 2.5 per cent higher than last year, but less than the 3.5 per cent growth seen by the rest of the population.