Graduate pay perks up, but positions are still scarce

The average starting salary in graduate-level jobs has increased by 6 per cent to £26,500 a year, according to a survey by the Association of Graduate Recruiters.

July 4, 2012

The association today published the summer edition of its biannual survey, for which it canvassed 215 of its members across 20 sectors.

Its members had predicted a 4 per cent rise to a median average of £26,000 in a previous survey.

But the association says that “data in the summer edition reveals an even more positive picture, as recruiters exceeded their estimate and indicated an expected increase of 6 per cent, to £26,500 [median average]. This follows three consecutive years of salary standstill from 2009-2011.”

That good news is tempered, however, by predictions that the number of graduate vacancies will fall by 0.6 per cent.

Association members range from companies such as Microsoft and Deloitte to universities.

A separate survey, published today by High Fliers Research, says that “starting salaries at the UK’s leading graduate employers in 2012 are expected to remain unchanged for the third year running – at a median of £29,000”.

It says that “despite the widespread recruitment freeze at government departments and agencies, public sector employers have expanded their graduate intake by a fifth and there have been significant increases in entry-level recruitment at engineering and industrial companies, oil and energy companies, IT and telecommunications firms and the leading retailers”.

Carl Gilleard, chief executive of the AGR, said: “It is reassuring to see that employers are investing in graduate talent.

“The significant rise in starting salaries to £26,500 will be very good news indeed to students, who are bracing themselves to take on higher levels of debt as tuition fees rise to £9,000 from September this year.”

The Association of Graduate Recruiters survey also shows that there are fewer applications per vacancy this year, having fallen to an average of 73 per post from a high of 83 applications per vacancy last year.

Mr Gilleard said: “Naturally, businesses will be thinking carefully about where best to invest, and I would argue that, where graduate schemes are concerned, you really do get out what you put in.”

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Featured Jobs

Most Commented

A group of flamingos and a Marabou stork

A right-wing philosopher in Texas tells John Gill how a minority of students can shut down debates and intimidate lecturers – and why he backs Trump

men in office with feet on desk. Vintage

Three-quarters of respondents are dissatisfied with the people running their institutions

A face made of numbers looks over a university campus

From personalising tuition to performance management, the use of data is increasingly driving how institutions operate

students use laptops

Researchers say students who use computers score half a grade lower than those who write notes

Canal houses, Amsterdam, Netherlands

All three of England’s for-profit universities owned in Netherlands