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MSE News: Graduate starting pay to rise 6%
Former_MSE_Helen
Posts: 2,382 Forumite
"Starting salaries for graduates are set to rise by 6% to an average of £26,500, according to new research..."
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blah blah
vacancy has also fallen from last year's high of 83, although there are still 73 applications for every job.The Association of Graduate Recruiters (AGR) says its six-monthly survey shows that vacancies for graduates are predicted to fall by 0.6
blah blah
Are they likely to issue a press release saying anything other? There is absolutely no method statement or breakdown for this figure or information, just a bit of handwaving. Not news.0 -
I'm guessing this in London yes? I'm still nowhere near that "starting" point and I've had a few promotions and wage rises in my first job.0
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Speaking as an employer of STEM graduates in the grim North, that figure looks about right to me. A tinge above our median, but that's to be expected.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
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There's no way this could be the 'average'. A friend of mine just started with a multinational pharmaceutical company in a graduate position. She was dismayed to hear that after getting a job in which there were 100's of applicants, her starting salary is a measly £18k. Her salary will be 'reviewed' in 12 months. This may be in Scotland but to me that appears very low for a graduate position with a well-known and highly regarded company, often touted as one of the best companies in the world to work for.
Many of my friends whom I graduated with between 2007-2010 on getting their first graduate position were also struggling to get near this figure.0 -
With a news story like this, it's no wonder that graduates leaving university have on overinflated idea of what they're 'worth'. There must be a large number of graduates earning well above £26,500 in order for this to be the average figure. I suspect that the vast majority of graduates earn much, much less. Also, unless you are a graduate from an engineering, medical or similar discipline, then I don't think any graduate is qualified enough to earn £26,500 in their first role. As an Arts graduate, I should know!0
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There's no way this could be the 'average'. A friend of mine just started with a multinational pharmaceutical company in a graduate position. She was dismayed to hear that after getting a job in which there were 100's of applicants, her starting salary is a measly £18k.
Yes it could, thats the nature of averages. Your friend would be offset by 1 graduate starting on £35k.
In fact less than that as its "set to rise to £25.5k" not "is £25.5k"0 -
I'm sorry... but I really don't buy this 'average'. Look at all the top graduate schemes and that represents the very top end definately not an average.
I'm an accountant at a very reputable firm, I know engineers, lawyers, teachers etc all working at good firms... and this definately does not seem representative to me, the top end maybe but the average no way.
Especially when you take into a account the huge numbers of graduates that are starting on around the 14-19k mark- what on earth are the tens of thousands of graduates starting on 35k plus doing to compensate for this average? It's a well kept secret from me. The only graduates I know starting on that kind of money are doctors.
I think this could be a bit of dodgy data and spin from the obviously unbiased 'The Association of Graduate Recruiters (AGR)', who obviously have no vested interest in presenting the graduate recruitment market in a positive light. And recruiters are often particularly skilled in talking !!!!!!!!.0
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