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More jobs, less money for grads

10 Jul 2007

More jobs, less money for grads There are more jobs available for graduates, but salaries are starting to decline, new research has suggested.

The survey, by the Association of Graduate Recruiters (AGR), revealed a 13 per cent increase in UK graduate jobs in the last year.

This is a continuation of the sustained growth experienced by the graduate job sector over the last few years.

However, the study also showed starting salaries for graduates in London and East Anglia have started to fall.

And despite the high number of jobs available, it seems likely that most university leavers will still have to fight for every one.

The research highlighted high levels of competition among graduates, with an average of 30 applicants going for each graduate vacancy.

Carl Gilleard, chief executive of the AGR, said that graduates leaving university this summer should be "optimistic about the opportunities available to them with vacancies predicted to continue to rise".

And there's some good news on the money front too. The starting salaries of lawyers have continued to rise, by 15.2 per cent in the last year.

New bankers can also expect high starting salaries. Many graduates in investment banking start on a wage of around £36,000 per year.

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