Home Skip Navigation LinksNews News Story

<< back to previous page

STEM Graduates earn almost 20% more than peers

Published: Tuesday, 12 July 2016   Category: All Graduate Jobs News

British graduates in STEM subjects can expect to earn almost 20% more than their peers, new research has shown.

According to the Hay Group division of Korn Ferry, the global people and organisational advisory firm, graduates can expect to take home £26,023 on average in their first role.

The study researched and analysed the salaries of 42,500 entry-level positions from across 770 organisations within the UK.

Those entering into a role in the STEM (science, technology, English, maths) sector, such as engineering or software development, are likely to see their pay packets increase by 17% to £30,370 and 19% to £30,973 respectively – making them the highest paid entry roles in the country.

With the digital sector now making up 10% of the UK’s GDP, there is a greater demand for graduates with STEM qualifications, according to Vivienne Dykstra, Global Graduate Practice leader for Korn Ferry Futurestep.

Graduate starting roles in professions such as finance and accounting (£24,624) and law (£25,893) – which are traditionally seen as highly-paid sectors – are lower. Demand for STEM skills has pushed up wages in related professions as competition has intensified.

Highest earning potential

Also highlighted in the report were locations in the UK where graduates can find the highest earning potential. London came out on top, with an average starting salary of £27,845, whilst candidates in the West Midlands can expect to take home more than £3,000 less.

According to Ms Dykstra it is unsurprising that graduates in London can demand the largest salaries. However, she adds that graduates wanting to earn a higher salary without living in the capital should consider looking north of the border in Scotland.

Due to organisations being eager to attract the brightest and best talent into their companies, graduates entering the job market in 2016 can expect to see salary remuneration as a key differential between the job offers that they receive.

For graduate schemes across a range of locations, visit Grad Plus today

news archives...

Email this page to a friend Facebook Twitter DZone It! Digg It! StumbleUpon Technorati Del.icio.us NewsVine Reddit Blinklist Add diigo bookmark