Graduate starting salaries: how much do you want to earn?
You've paid your fees, studied for three years and now you want to start earning some serious cash. But how do you know what's a good salary offer for the job you want?
The Associate of Graduate Recruiters claims the median starting salary offered by its members for 2010 - 2011 was £25,000, the same figure as the previous two years. If you're looking for a big wage packet every month, the investment bank and fund manager vacancies offer the largest salary, averaging £38,250. Only law firms offer salaries of more than £30,000.
See the tables below for an idea of what you could - and should - be aiming to earn when you start your graduate career. | Salary range | Employers offering salary range 2010 - 2011 | Employers offering salary range 2011 - 2012 |
|---|
| £36,001 or more | 14.2% | 14.4% | | £31,001 to £36,000 | 9.3% | 10.4% | | £26,001 to £31,000 | 19.5% | 22.7% | | £24,001 to £26,000 | 23.4% | 22.3% | | £22,001 to £24,000 | 22.9% | 18.0% | | £19,001 to £22,000 | 7.8% | 8.1% | | Less than £19,000 | 2.9% | 2.4% | | Don't know | 0.5% | 2.8% |
| Graduate job sector | Average graduate starting wage 2010 - 2011 |
|---|
| Investment bank or fund managers | £38,250 | | Law firm | £37,000 | | Banking or financial services | £28,000 | | IT / Telecommunications companies | £26,000 | | Insurance company | £26,000 | | FMCG company | £25,750 | | Energy, water or utility company | £25,000 | | Accountancy / professional services firm | £24,750 | | Transport or logistics company | £24,500 | | Engineering or industrial company | £24,000 | | Retail | £24,000 | | Construction company or consultancy | £23,250 | | Public sector | £23,000 | | Consulting or business services firm | £23,000 | | Other | £23,000 |
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