The median starting salary for graduate recruits increased by 4.8% between 2016 and 2017, according to the latest IDR survey of pay and progression for graduates. The median starting salary for graduates is now £27,000, up on the £25,700 figure produced by the 2016 survey. When it comes to progression pay, our analysis shows that the average salary for graduates recruited three years ago, in 2014, is 22% higher than for those recruited in 2017.
Our latest report indicates that pay growth for graduates has slowed since our previous survey. And in light of the economic uncertainty that has emerged since June, many major graduate recruiters appear to have scaled back plans for expansion in employment. Continue reading Pay growth slows for graduates
The market for graduate jobs has become more buoyant over the last two years, driven by a recovery in private sector recruitment. This is one of the key findings of our survey of graduate salaries. The survey found that the number of graduate recruits rose by 11% in 2015 and is projected to rise by a further 17% in 2016. Meanwhile applications for graduate vacancies have risen at a faster rate, ensuring that competition for each placement remains stiff. Continue reading Graduate labour market recovers