When it comes to picking a graduate career, money isn’t everything. That being said, yer ma and da would probably appreciate it if you started making some progress towards moving out. Or at least paying for your own food.
Okay, so here’s what we know.
- Looks like you’re in for a good start wherever you go. Just two companies are planning to pay their grads £20,000 or less. The median graduate salaries for everywhere else is about £30,000
- In fact, one in six jobs at the UK’s top employers now have initial salaries of £40,000
- No surprises here. Investment banks are leading the way with a median salary of £47,000
- Law firms are following close behind an median £43,000 being the going rate for training contract salary. That’s increased for the third year in a row
- Median salaries have risen in the engineering, energy and retail sectors too, by between 2 and 4%
- Accounting and professional services come in as the 6th highest paying sector, on the heels of news that they would be hiring the most fresh graduates in 2017
Don’t fancy working in law or in the city but still want the big bucks? Consulting firm Newton boasts the highest median salary outside those sectors with £45,000. A new grad working as a trainee-area manager at Aldi makes £42,000 as does a grad at the European Commission.
Check out the full table below to see for yourself.
What else is important to you when you’re looking for a grad job? Would you consider applying to any of these sectors now you know how much moolah is on the line? Tweet us and let us know. Good luck, and don’t forget to pay back the Bank of Mum and Dad!