Wait wait wait wait, is this true?

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  1. Firepanda's Avatar
    • New Member
    • Posts: 23
    Wait wait wait wait, is this true?
    Just been looking at graduates jobs, most I find are around the £20-24k range salary, some go lower, some go higher

    But I just found this site:

    http://ww2.prospects.ac.uk/cms/ShowP...ary_/p!epmglcg

    and apparently the average looks around 25k, I've found VERY few of those

    I also have failed to find any for £27000+, and seriously... 20% of employers are offering £30k+? What the ****?

    Is it just me or does this look completely incorrect? I understand it's been a few years but **** me.
  2. Smack's Avatar
    • TSR Legend
    • Location: Aberdeen
    Re: Wait wait wait wait, is this true?
    That's only the salaries from companies who are members of the AGR. These companies only make up a very small amount of the companies recruiting graduates.
  3. M1011's Avatar
    • Overlord in Training
    • Location: London
    • Posts: 2,688
    Re: Wait wait wait wait, is this true?
    As above, select employers form that survey. Almost 50% of the results are based off Accountancy, Banking and Law. Not a good indication of all graduate positions.
  4. somethingbeautiful's Avatar
    • TSR Demigod
    Re: Wait wait wait wait, is this true?
    I haven't found any that I'm eligible for that are above 16k.
  5. didgeridoo12uk's Avatar
    • TSR Idol
    • Location: Cambridge/MK
    • Posts: 9,425
    Re: Wait wait wait wait, is this true?
    depends on the degree/job, and where it is

    most engineers start 25k+
    management consultants start around 30k+

    teachers range between 22k and 27k for starting salary, the higher end obviously being in inner london

    doctors start on about 22k and move up to 30k after foundation years / training
    Last edited by didgeridoo12uk; 27-06-2012 at 20:16.
  6. Socmyoligy's Avatar
    • Respected Member
    Re: Wait wait wait wait, is this true?
    I honestly believe the real average starting salary for graduates nowadays is below £20k.
  7. Aspiringlawstudent's Avatar
    • TSR Idol
    • Posts: 7,659
    Re: Wait wait wait wait, is this true?
    I rarely see graduate positions that are less than £35,000 in the first year, to be honest - granted I'm only really looking at the industry I am interested in, though - as I suspect you must be if you've not encountered anything over £27,000.

    Look wider. There are certainly jobs paying that amount, though they tend to be in only a handful of disciplines.
  8. neon's Avatar
    • Overlord in Training
    (Original post by Aspiringlawstudent)
    I rarely see graduate positions that are less than £35,000 in the first year, to be honest - granted I'm only really looking at the industry I am interested in, though - as I suspect you must be if you've not encountered anything over £27,000.

    Look wider. There are certainly jobs paying that amount, though they tend to be in only a handful of disciplines.
    MOST graduate jobs don't offer anywhere near 35k. You need to look wider if you think that
  9. Aspiringlawstudent's Avatar
    • TSR Idol
    • Posts: 7,659
    Re: Wait wait wait wait, is this true?
    (Original post by neon)
    MOST graduate jobs don't offer anywhere near 35k. You need to look wider if you think that
    I didn't say that at all though, did I?
  10. Socmyoligy's Avatar
    • Respected Member
    Re: Wait wait wait wait, is this true?
    (Original post by Aspiringlawstudent)
    I rarely see graduate positions that are less than £35,000 in the first year, to be honest - granted I'm only really looking at the industry I am interested in, though - as I suspect you must be if you've not encountered anything over £27,000.

    Look wider. There are certainly jobs paying that amount, though they tend to be in only a handful of disciplines.
    Oh boy. I think many people will be sorely disappointed if they honestly believe that they will leave uni and enter a £35k job. Sure, there’s a bell curve, and some individuals will end up in these well paid graduate positions, but they are certainly not the norm.

    Aspiringlawstudent, I wish you luck, and you have clearly worked damn hard judging by your grades. But even you must acknowledge that you are by no means the only law graduate looking for these lucrative positions, particularly as Law is one of the most popular degrees nowadays (and has been for a decade).
  11. Zedd's Avatar
    • Overlord in Training
    Re: Wait wait wait wait, is this true?
    There are definitely a number of companies that will offer in the region of £28k for a starting salary for the typical engineering, HR, management, finance, and marketing positions (in particular if you look at 'industry leaders' such as VW or IBM). Aspiringlawstudent is aiming at doing law, probably in the City, which will give him a starting salary in the ball-park that he is talking about. However, getting a training contract in law here in Scotland would produce a rather less lucrative return.
  12. Aspiringlawstudent's Avatar
    • TSR Idol
    • Posts: 7,659
    Re: Wait wait wait wait, is this true?
    (Original post by Socmyoligy)
    Oh boy. I think many people will be sorely disappointed if they honestly believe that they will leave uni and enter a £35k job. Sure, there’s a bell curve, and some individuals will end up in these well paid graduate positions, but they are certainly not the norm.

    Aspiringlawstudent, I wish you luck, and you have clearly worked damn hard judging by your grades. But even you must acknowledge that you are by no means the only law graduate looking for these lucrative positions, particularly as Law is one of the most popular degrees nowadays (and has been for a decade).
    Of course, I fully accept that to be the case - it would be rather pointedly naive to assume anyone, regardless of grades, would walk into a City law firm - and I assure you, I make no such assumption.

    I merely seek to state that there are indeed a significant number of openings that pay above the level that the OP has encountered so far in their job search, albeit within a limited number of competitive industries and predominantly in a limited number of geographical locations.
  13. Bettypratchit's Avatar
    • Full Member
    • Posts: 132
    Re: Wait wait wait wait, is this true?
    (Original post by Firepanda)
    Just been looking at graduates jobs, most I find are around the £20-24k range salary, some go lower, some go higher

    But I just found this site:

    http://ww2.prospects.ac.uk/cms/ShowP...ary_/p!epmglcg

    and apparently the average looks around 25k, I've found VERY few of those

    I also have failed to find any for £27000+, and seriously... 20% of employers are offering £30k+? What the ****?

    Is it just me or does this look completely incorrect? I understand it's been a few years but **** me.

    Like you said this is completely outdated 2008/2009 so if you think about employment rate, state of the economy etc etc.. now then I doubt many average students will get starting salaries of over £27,000. More likely to get
    between £21,000 to £25,000 - which it still quite good.
  14. JED.i's Avatar
    • The Student Room Group Staff
    • TSR Staff member
    Re: Wait wait wait wait, is this true?
    You might want to look at the one for comparison purposes from High Fliers http://www.highfliers.co.uk/download/GMReport12.pdf
  15. Socmyoligy's Avatar
    • Respected Member
    Re: Wait wait wait wait, is this true?
    (Original post by JED.i)
    You might want to look at the one for comparison purposes from High Fliers http://www.highfliers.co.uk/download/GMReport12.pdf
    The problem with these sort of statistics is that they look at the average starting salary at the UK's top 100 businesses, including a number of city firms. The reality is that only a minority of graduates will not go and work for one of these organisations, hence the data is almost meaningless. I mean, that particular report states the average starting salary for a graduate is £29k. It's a nice thought, but certainly not the reality for the vast majority of graduates, even before the financial crisis.
  16. Zedd's Avatar
    • Overlord in Training
    Re: Wait wait wait wait, is this true?
    (Original post by Socmyoligy)
    The problem with these sort of statistics is that they look at the average starting salary at the UK's top 100 businesses, including a number of city firms. The reality is that only a minority of graduates will not go and work for one of these organisations, hence the data is almost meaningless. I mean, that particular report states the average starting salary for a graduate is £29k. It's a nice thought, but certainly not the reality for the vast majority of graduates, even before the financial crisis.
    Phew!
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