Graduate salaries rise 3.3 per cent

Citation

(2001), "Graduate salaries rise 3.3 per cent", Education + Training, Vol. 43 No. 3. https://doi.org/10.1108/et.2001.00443cab.010

Graduate salaries rise 3.3 per cent

Graduate salaries rise 3.3 per cent

Keywords: Graduates, Salaries

Next year's typical starting salary for a graduate recruit is expected to rise to £18,600 – an increase of 3.3 per cent. Figures published by the Association of Graduate Recruiters also show that one in ten of leading UK employers expects to increase graduate starting salaries by at least 10 per cent over the next year, with the highest increases predicted in the legal sector. A further 10 per cent of employers expect to make no increase at all.

Demand for the best graduates remains high. Pensions are the most common financial incentive (offered by 91 per cent of respondents), with private health care, performance-related pay and share options also popular. Of the non-financial incentives on offer, continuous professional development is provided by 93 per cent of respondents. Carl Gilleard, Association of Graduate Recruiters chief executive, said: "Graduate opportunities remain buoyant, with a 3.7 per cent increase in vacancies predicted this year. Starting salaries are generally expected to stay in line with inflation. We are also seeing that, over time, graduates are faring well in the salary-progression stakes, with those recruited five years ago now typically earning £10,000 more than their counterparts recruited a year ago."