salaries

Graduate starting salaries down 13%

Mon, 08/10/2012 - 13:23 -- nick

Graduate starting salaries have gone down by 13% over the last year as the recession, together with an increase in the number of unemployed graduates, take effect.

Starting salaries for those who left education this summer averaged £22,800, 13.2% lower than last year.

Ann Swain, chief executive of the Association of Professional Staffing Companies (APSCO), which commissioned the study, said: “The slowdown in the professional-recruitment market, combined with the huge number of graduates competing for jobs means that starting salaries have edged downwards markedly this year.”

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