The Graduate Market in 2015
Chapter 3
Graduate Starting Salaries
Starting Salaries for Graduates The second part of the research examines the starting salaries that top employers are planning to pay new graduates due to begin work in 2015, compared with salaries paid to graduate recruits who joined their organisations in 2014. The starting salaries quoted are generally the average national salaries that have been promoted by employers during the 2013-2014 and 2014-2015 recruitment rounds. The figures do not include additional benefits such as relocation allowances, regional weighting, subsidised company facilities or bonus schemes. For six years running from 2005, graduate starting salaries rose each year. Annual increases were initially ‘cost-of-living increases of 2-3%, but more generous rises followed in 2009 and again in 2010 as the graduate job market improved (see Chart 3.1 ). The median starting salary remained unchanged at £29,000 from 2010 to 2013, but improved slightly in 2014 and is set for a further modest rise in 2015, taking the median salary to £30,000 for the first time.
Chart 3.1 How Employers’ Graduate Starting Salaries Changed from 2005 to 2015
£30,000
2015
£29,500
2014
£29,000
2013
£29,000
2012
£29,000
2011
£29,000
2010
£27,000
2009
£25,500
2008
£24,500
2007
£23,800
2006
£23,100
2005
£15,000
£20,000
£25,000
£30,000
£35,000
Median starting salaries
Source - The Graduate Market in 2015
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