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Graduate salaries in 2021

Graduate salaries in 2021

According to the High Fliers report, "The Graduate Market in 2019", the median starting salary for UK graduates in 2021 is expected to be £30,000 for the fifth consecutive year. However, graduate-jobs.com estimated that the average starting salary for graduates (based on the salary details of jobs posted to the site during the same period) was £21,000 - £25,000.

So why the difference? A problem with the majority of research conducted into graduate starting salaries is it usually focuses on the "Top 100" employers who compete with each other (inc. salary) to attract the "top" graduate talent. Therefore most graduate salary research is not a true reflection of the whole graduate recruitment market across.

Skewed salary figures can lead to unrealistic salary expectations amongst graduates. If you aren't starting your graduate job on a £30,000 salary don't conclude that it isn't a reflection of your value or potential value in the market.

We have created a definitive list of the realistic starting salaries based on the whole market using actual salary data from the past 10 years.
Average graduate salary by year
Year Salary(GBP)
2012 22,260
2013 20,373
2014 21,339
2015 21,366
2016 21,936
2017 22,118
2018 23,506
2019 24,134
2020 24,451
2021 25,460
Average graduate salary by sector, 2021
Sector Salary(GBP)
Accounting 25,503
Advertising & PR 22,341
Architecture & Construction 23,403
Arts & Design 21,754
Banking 29,909
Buying & Merchandising 27,372
Charities 24,561
Computing & IT 26,908
Consultancy 25,020
Customer Service 26,478
Distribution & Logistics 25,389
Education & Teaching 19,949
Energy & Utilities 22,584
Engineering 25,069
Environmental 21,562
Finance 26,431
Food & Drink & Catering 29,143
Health 26,840
Human Resources 25,100
Insurance 26,718
Internet & Digital Media 28,329
Languages 28,638
Legal & Law 25,925
Management 26,798
Manufacturing & Production 23,590
Marketing 26,347
Media 23,444
Military & Defence 29,386
Property 24,381
Public Sector 25,590
Recruitment 25,572
Research & Analysis 25,814
Retail 25,430
Sales 25,642
Science & Technology 25,714
Secretarial & Business Admin 26,019
Sports & Recreation 23,542
Telecommunications 22,625
Training 25,782
Travel & Hospitality 26,627

Example: Your graduate starting salary
You are offered a starting salary of £18,000 per annum - here's what you can do
Research whether this is in line with the industry standard for this position. There are a range of online resources to help you understand the industry average and what can be considered fair.
If you don't think the salary is fair, you can negotiate, but remember how competitive the graduate job market is.
Factor in the location, any perks that accompany the salary and any bonus structures also offered.
Remember graduate salaries often increase rapidly during the early years of your career. You can expect to see your salary increase after a probation period and when you start to make a valuable contribution to their company.

Retrieved from:
https://www.graduate-jobs.com/gco/Booklet/graduate-salary-salaries.jsp
(29 Nov 2021)

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