Graduate salaries set to rise in 2012
People in graduate jobs are set to receive significant pay rises this year, according to a new report carried out by the Association of Graduate Recruiters (AGR).
According to the organisation's latest bi-annual survey, the average starting salary for a graduate is predicted to increase by four per cent to £26,000 this year, after remaining at £25,000 since 2009, which is the largest rise since 2005.
The survey is based on the responses of 214 AGR members in the UK across 20 sectors, which recruited 21,325 graduates in 2011.
The data also revealed that the number of graduate vacancies increased last year by 1.7 per cent, presenting two welcome pieces of information for those in search of graduates jobs, noted Carl Gilleard, chief executive of the AGR.
"The predicted increase to graduate salaries is significant and sizeable, particularly given the context of starting salaries remaining stagnant for the past three years. This will no doubt be welcome news to the government and the higher education sector, but moreover to graduates themselves," he added.
With the job market intrinsically linked to business confidence, Mr Gilleard said he is "cautiously optimistic" for graduate recruitment in 2012.
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Posted by Nikki Barrister
Filed: 26-01-2012
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