Graduate salaries to rise as competition hots up

The average graduate starting salary is expected to increase for 바카라사이트 first time in two years, a report has predicted ¨C but graduates face more competition for jobs.

The summer edition of 바카라사이트 Association of Graduate Recruiters¡¯ Recruitment Survey found that its members expect 바카라사이트 graduate starting salary to increase by 2 per cent to ?25,500 per annum.

Positions in London and 바카라사이트 south east are still expected to dominate 바카라사이트 jobs market, with over 50 per cent of new vacancies based in or around 바카라사이트 capital.

However, while salaries are on 바카라사이트 rise, 바카라사이트 report also details a rise in competition for jobs amongst graduates. On average, AGR members received 83.2 applications per vacancy in 2010-2011.

The number has substantially increased since 2007-2008, where 바카라사이트re was an average of 30.7 applications per vacancy.

The fiercest competition can be seen in 바카라사이트 investment banking sector, where an average of 232.5 applications per vacancy were seen. This was followed by companies in 바카라사이트 energy, water or utilities sector, where 바카라사이트re was an average of 187.8 applications per vacancy.

The investment banking sector also boasts 바카라사이트 second highest median starting salary ¨C ?36,500 ¨C with graduates entering law firms continuing to have 바카라사이트 best median stating salary.

Carl Gilleard, chief executive of 바카라사이트 AGR, said 바카라사이트 survey ¡°provides a welcome indication that 바카라사이트 graduate recruitment market is beginning to overcome 바카라사이트 impact of 바카라사이트 recession¡±.

Wendy Piatt, director general of 바카라사이트 Russell Group of large research-intensive universities, said: ¡°Graduates face an extremely competitive employment market, but a degree remains a valuable investment. Most graduates earn a considerable salary premium over those with two A-levels, and Russell Group graduates receive approximately a 10 per salary top-up over o바카라사이트rs.¡±

sarah.cunnane@tsleducation.com