Recent research has found that the average graduate starting salary has started to increase
A recent survey by High Fliers on the graduate market for 2011 has found that graduate recruitment has increased by 9.4%, which follows a rise of 12.6% in 2010. After graduate vacancies dropped by 17.8% in 2009 and 6.7% in 2008 this news will encourage the many graduates/students that are currently unemployed, underemployed or set to graduate this summer.
Three fifths of employers are set to increase their graduate recruitment in 2011, except public sector employers are set to reduce their intake of graduates with further cuts expected to take place later on in the year. Employers also expressed that they expect most of their vacancies will be filled by graduates that have already worked for their organisation: whether it is through industrial placements, vacation work or apprenticeships and therefore will not be offered to the students set to graduate in 2011.
PriceWaterhouseCoopers will be conducting the biggest recruit with 1,200 vacancies to fill, Deloitte with 1,000 and KPMG with 900 vacancies. Starting salaries for these leading graduate positions will be unchanged from 2010 with a median of £29,000.
Employers expect a vast increase of graduate applications this year compared to last, with 45 applications per graduate job available received in 2010. Employers have also expressed that graduates with no previous work experience have ‘little or no chance’ of receiving a job offer for their graduate schemes.
What are these?
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