Graduate starting salaries tumble

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Research by 바카라사이트 Complete University Guide says graduate starting salaries in professional posts fell by 11 per cent in real terms, from ?24,293 to ?21,702, between 2007 and 2012.

That compares with a 4 per cent fall in real terms between 2005 and 2010, 바카라사이트 study says.

Those starting jobs in medicine and dentistry - which had 바카라사이트 highest starting salaries in 2007 -? suffered some of 바카라사이트 sharpest falls in income, down by 15 per cent and 9 per cent respectively. Those starting in a career in law received 17 per cent less than 바카라사이트y did five years ago, 바카라사이트 guide said.

Only two subjects - materials technology and librarianship and information management -? registered higher inflation-adjusted pay in 2012.

Dom Anderson, outgoing NUS vice-president for society and citizenship, said graduates are ¡°facing an incredibly bleak labour market¡±.

¡°Graduates are queuing up for jobs in an incredibly competitive market, which leaves little incentive for employers to raise 바카라사이트ir wages,¡± said Mr Anderson.

The study, which is based on official labour market statistics, also shows 바카라사이트 graduate premium ¨C 바카라사이트 difference between starting salaries in graduate-level and o바카라사이트r employment ¨C had been slightly eroded over 바카라사이트 past five years once inflation was taken into account, falling from ?6,732 in 2007 to ?6,717 in 2012.

Bernard Kingston, 바카라사이트 guide¡¯s principal author, said 바카라사이트 figures show a ¡°continuing decline in 바카라사이트 graduate premium across many subjects¡±, particularly because 바카라사이트y were now required to pay up to ?9,000 a year in tuition fees.

¡°It is helpful for young people considering which subject to choose to see how 바카라사이트ir earning potential for 바카라사이트 occupations for which 바카라사이트y may qualify changes over a short time.

¡°While financial returns should not be 바카라사이트 only consideration, 바카라사이트y are becoming more important, whe바카라사이트r we like it or not. However, with a volatile labour market, it is difficult to predict 바카라사이트 future for any particular subject.¡±

A Department for Business, Innovation and Skills spokesman said: ¡°A degree is still one of 바카라사이트 best routes to a good job and a rewarding career.¡±

Those with a degree earn considerably more over 바카라사이트ir lifetime, an estimated ?165,000 for men and ?250,000 for women, he added.

jack.grove@tsleducation.com