The earnings situation for this group is worsening: their average salary is 40% below what they could expect to receive in a position requiring a degree. This gap has widened from 32% in 2001, "before the market was swamped by [...] young people drawn in by Labour's mass expansion of universities", according to the Sunday Times.
And the situation would also appear to be worsening for those lucky enough to be in graduate roles. IRS has just published its coverage (subscription required) of new research from the Association of Graduate Recruiters (AGR), which finds that over the past year, graduate starting salaries have shown their lowest rate of growth since 2000.
The median graduate starting salary in 2008 stands at £24,500, according to the Association AGR, just 1.8% higher than the median rate recorded one year previously (£24,063).
|
| Permalink | Email this |
Comments (1)
Every cloud has a silver lining - the expanded supply of new graduates clearly gives employers a larger pool of potential recruits to select from. The trend in this area was also illustrated in this item.
Employers wanting to find out the best ways of attracting and selecting the right graduates can take part in this year's IRS graduate recruitment survey which is launched this Friday. You can sign up here to be notified when the survey has opened (opens new window).
Posted by Ed Cronin | September 1, 2008 9:54 AM
Posted on September 1, 2008 09:54