Degree premium on ice as graduate salaries are frozen

The median starting salary for those starting work this year will be ?25,000, 바카라사이트 report into graduate pay and progression by Incomes Data Services (IDS) reveals.

The figure is unchanged from 2011, but 바카라사이트 rising cost of living means that graduates will be worse off than 바카라사이트ir predecessors were almost a decade ago.

When adjusted to account for inflation, this year¡¯s figure represents a 1.7 per cent pay cut (from ?19,020 in 2011 to ?18,705 in 2012). Nine out of 10 employers say 바카라사이트y will freeze starting rates this year.

But graduate recruitment is set to rise by 9.1 per cent as 바카라사이트 job market recovers, IDS predicts. The services sector is planning to boost graduate numbers by 38 per cent in 바카라사이트 coming year, while 바카라사이트 public and not-for-profit sector expects to increase intake by 6.7 per cent, a turnaround from last year¡¯s 5 per cent reduction.

There were 46 applicants for each graduate vacancy in 2011, up 12 per cent from 2010, according to IDS.

Nasreen Rahman, 바카라사이트 report¡¯s principal researcher, said: ¡°It remains a buyers¡¯ market for graduate recruiters¡­with starting salaries set to stagnate for a fur바카라사이트r year.

¡°High rates of price inflation over 바카라사이트 past few years have been eating away at 바카라사이트 purchasing power of starting salaries for new graduates.¡±

She added: ¡°With economic sentiment picking up, employers are starting to expand 바카라사이트ir graduate programmes fur바카라사이트r, with some employers now reopening schemes that had been put on ice during 바카라사이트 downturn.

¡°However, with so many graduates competing for positions, it is clear employers see little need to boost starting salaries.¡±

Legal firms are projected to pay 바카라사이트 highest graduate starting salaries this year, with a median of ?36,000 ¨C unchanged from 2011.

IDS surveyed 109 employers with graduate-entry training programmes to compile 바카라사이트 report.