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Annual review of graduate vacancies & starting salaries at Britain’s leading employers - page 5 / 38

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The Graduate Market in 2011

Foreword

Executive Summary

T h e G r a d u a t e M a r k e t i n 2 0 1 1 i s a s t u d y o f g r a d u a t e v a c a n c i e s a n d s t a r t i n g s a l a r i e s a t o n e h u n d r e d o f t h e U K s b e s t - k n o w n a n d m o s t s u c c e s s f u l e m p l o y e r s , c o n d u c t e d b y H i g h F l i e r s R e s e a r c h d u r i n g D e c e m b e r 2 0 1 0 : T h e U K s l e a d i n g e m p l o y e r s a r e e x p e c t i n g t o i n c r e a s e t h e i r g r a d u a t e r e c r u i t m e n t b y 9 . 4 % i n 2 0 1 1 , f o l l o w i n g a r i s e o f 1 2 . 6 % i n e n t r y - l e v e l r o l e s f o r u n i v e r s i t y - l e a v e r s d u r i n g 2 0 1 0 . V a c a n c i e s d r o p p e d b y 1 7 . 8 % i n 2 0 0 9 a n d 6 . 7 % i n 2 0 0 8 .

T h r e e - f i f t h s o f e m p l o y e r s e x p e c t t o r e c r u i t m o r e g r a d u a t e s i n 2 0 1 1 w h i l s t a q u a r t e r p l a n t o m a i n t a i n t h e i r i n t a k e a t 2 0 1 0 l e v e l s .

T h e l e a d i n g a c c o u n t a n c y & p r o f e s s i o n a l s e r v i c e s f i r m s a r e i n t e n d i n g t o h i r e a l m o s t 1 0 % m o r e g r a d u a t e s t h a n i n 2 0 1 0 , a n i n c r e a s e o f m o r e t h a n 3 5 0 t r a i n e e s y e a r - o n - y e a r T h e r e w i l l a l s o b e s u b s t a n t i a l i n c r e a s e s t o t h e g r a d u a t e i n t a k e a t t h e C i t y s t o p i n v e s t m e n t b a n k s ( u p 1 2 . 2 % c o m p a r e d t o 2 0 1 0 ) a n d t h e h i g h s t r e e t b a n k s ( u p 2 4 . 8 % ) .

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E m p l o y e r s i n t h i r t e e n o f f o u r t e e n k e y i n d u s t r i e s a n d e m p l o y m e n t a r e a s e x p e c t t o r e c r u i t m o r e g r a d u a t e s i n 2 0 1 1 . H o w e v e r , r e c r u i t m e n t t a r g e t s a t s e v e r a l p u b l i c s e c t o r e m p l o y e r s h a v e a l r e a d y b e e n r e d u c e d a n d f u r t h e r c u t s a r e e x p e c t e d l a t e r i n t h e y e a r .

Although the total number of graduate vacancies is set to increase in 2011, recruiters have confirmed that a third of this year’s entry-level positions are expected to be filled by graduates who have already worked for their organisations – either through industrial placements, vacation work or sponsorships – and therefore are not open to other students from the ‘Class of 2011’.

A quarter of top graduate programmes will pay new recruits more than £30,000 when they start work and seven organisations are offering at least £40,000 to this year’s

graduates.

The most generous salaries are those on offer from investment banks (average of £42 000),

law firms (average of £38,000) and oil & energy companies (average of £32,000).

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Public sector employers (average of £22 200) retailers (average of £24 000) and engineering

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ave t e owest gra uate pay rates or 2011.

& industrial compan es (average of £24,500)

The largest recruiters of graduates in 2011 will be PricewaterhouseCoopers (1,200 vacancies), Deloitte (1,000 vacancies), KPMG (900 vacancies), Teach First (780 vacancies)

and Ernst & Young (740 vacancies).

Starting salaries at the UK’s leading graduate employers in 2011 are expected to remain unchanged from 2010 levels – a median of £29,000. Salaries increased by

7.4% in 2010 and 5.9% in 2009.

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