Graduate starting salaries on the rise

recruitment agencies optimistic 150Graduate starting salaries are set to rise as the jobs market is stabilising according to new research

A study of more than 215 employers across the UK has found that three years of graduate salaries standing still will come to an end. The number applicants for every job has dropped from last years high of 83 to around 52 per graduate job, as more employers have the confidence to restart their graduate recruitment.

The Association of Graduate Recruiters (AGR) said its six-monthly survey has shown that graduate vacancies are forecast to fall by 0.6% in the next couple of months, yet according to many employers the quality of graduate applicants has increased.

Starting Salaries are expected to rise by 0.6% to an average of £26,500 in the coming months. Carl Gilleard, chief executive of the AGR, said: "It is reassuring to see that employers are investing in graduate talent. The significant rise in starting salaries to £26,500 will be very good news indeed to students, who are bracing themselves to take on higher levels of debt as tuition fees rise to £9,000 from September this year.

"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.

"Naturally, businesses will be thinking carefully about where best to invest, and I would argue that, where graduate schemes are concerned, you really do get out what you put in.

"Businesses that create a programme which goes beyond mere training, and gives graduates the opportunity to engage in a meaningful, hands-on way with the organisation will find that they are rewarded with enthusiasm and long-term commitment by well-selected graduates.”

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