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Graduate Salary Expectations 2016

Posted by: Megan Schiavino

As the class of 2016 have now graduated all thoughts start to turn to the upcoming, lucrative venture into the world of work.

According to popular recruitment website, salary expectations among recent graduates have risen by 37% over the last five years, as students feel as though they should be getting a higher return on their investment after spending £9,000 and three years at university. To be fair to graduates, they actually aren’t too far off the mark, with their salary expectations averaging at £28,362 – just 1.4% higher than the actual starting salary of £27,966. Interestingly, new research performed by student money site, Save the Student, suggests that there is a 14% difference between the salary expectations of female and male graduates. Female graduate expectations average at £19,662 while male graduates envisage a more handsome sum of £22,988. In 2012, graduates were actually undervaluing themselves, with a salary expectation of only £20,664 – one fifth less than the actual starting salary offered of £25,357.

Surprisingly, graduate salaries in the capital fall behind the likes of Liverpool and Reading on the salary table, however London does have the most positions available for recent grads.

(Source: CityAm)

With regards to sector, some graduates are in for a shock when they receive their first job offer. New starters in IT are averaging their starting salary at 16% higher than the actual starting salaries offered, while accountants who average their salaries at £34,567 will actually secure roles paying in excess of £50,000!

(Source: CityAm)