Graduate starting salaries begin to rise

 

A new survey shows that graduates can look forward to higher starting salaries this year, contradicting previous expectations of salary rises.

Employers surveyed in the Association of Graduate Recruiters’ (AGR) bi-annual report earlier this year said they expected a four percent increase in average starting salaries, taking them up to £26,000 per annum. However, the report released today shows that the average starting salary has actually gone up further than anticipated, to £26,500 a year. Graduate starting salaries had been a source of concern as they have been fairly stagnant in recent years, remaining at around the same level since 2009.

The statistics in the report are encouraging, and suggest that the graduate jobs market is recovering and improving. Prospective students will be particularly pleased, as they will now be looking at taking on higher levels of debt - up to £9,000 per year - in order to go to university.

The survey also showed that the quality of graduate applications had increased, and that competition had fallen slightly - down to 73 applications per vacancy, from an all-time high of 83 applications per vacancy last year. Vacancies available to graduates will dip a marginal 0.6 percent, according to recruiters, which also beat expectations that it would drop by twice as much.

Carl Gilleard, Chief Executive of the AGR, said: “It is reassuring to see that employers are investing in graduate talent. While graduate recruitment and development programmes are part of employers’ long-term strategy, the graduate job market is inextricably linked to business confidence.

“With the continuing uncertainty in the Eurozone, it is encouraging to see that employers are still talent-planning for the future and that the number of graduate vacancies is remaining constant.”

Suggested Topics
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs Student

Guru Careers: Graduate Database Administrator / Junior DBA

£20 - 25k: Guru Careers: A Graduate Database Administrator / Junior DBA is nee...

Guru Careers: Graduate Administrator / Junior Operations Admin

£20 - 25k: Guru Careers: We are seeking a Graduate Administrator / Junior Oper...

Recruitment Genius: Graduate Software Developer - Entry Level

£20000 - £22000 per annum: Recruitment Genius: A Graduate Software Developer i...

Guru Careers: Graduate Print Producer / Account Executive

£18 - 25k + Benefits: Guru Careers: A Graduate Print Producer / Account Execut...

SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks
The haunting of Shirley Jackson: Was the gothic author's life really as bleak as her fiction?

The haunting of Shirley Jackson

Was the gothic author's life really as bleak as her fiction?
Bill Granger recipes: Heading off on holiday? Try out our chef's seaside-inspired dishes...

Bill Granger's seaside-inspired recipes

These dishes are so easy to make, our chef is almost embarrassed to call them recipes
Ashes 2015: Tourists are limp, leaderless and distinctly UnAustralian

Tourists are limp, leaderless and distinctly UnAustralian

A woefully out-of-form Michael Clarke embodies his team's fragile Ashes campaign, says Michael Calvin
Blairites be warned, this could be the moment Labour turns into Syriza

Andrew Grice: Inside Westminster

Blairites be warned, this could be the moment Labour turns into Syriza
HMS Victory: The mystery of Britain's worst naval disaster is finally solved - 271 years later

The mystery of Britain's worst naval disaster is finally solved - 271 years later

Exclusive: David Keys reveals the research that finally explains why HMS Victory went down with the loss of 1,100 lives
Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

'I saw people so injured you couldn't tell if they were dead or alive'

Nagasaki survivors on why Japan must not abandon its post-war pacifism
Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen