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New graduates are typically unaware of many major financial issues which can give them a nasty surprise.
This is according to new information gathered by the Scotsman newspaper.
The Scotsman spoke to recent graduates now working for a range of companies including Scottish Gas, Royal Bank of Scotland and Scottish Widows Investment Partnership.
The evidence suggests that many students and new graduates do not have a clear understanding of how taxes, mortgages and pensions operate.
Several of those interviewed were shocked to learn how much of their salaries were lost now they were tax-payers. The high cost of energy bills also surprised many.
Others felt they had not been given sufficient information about the full implications of student loans, or about how quickly the interest-free bit of their overdraft would disappear on graduation.
One way to sidestep the knowledge gap is to try and find out about any financial pitfalls before you graduate.
Many universities offer free, confidential financial counselling for students who want to familiarise themselves with potential problems.
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