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Finance sector pushes graduate jobs recovery

Wednesday 30th June 2010

Graduate job opportunities are improving in the financial sector - but there are problems in the public sector.

The High Fliers survey of 100 top employers shows a major change since last year's collapse in graduate jobs.

Overall, vacancies are up 18% and average starting salaries have risen to £29,000.

However, there are 45 applications for every vacancy - on average.

Vacancies in banking, accountancy, investment banking and accountancy are all up by a third.

But vacancies in law are down by 4.5% and public sector opportunities are down by 11%.

In investment banking, starting salaries are now averaging £42,000 - up by 10% on last year - while in the public sector starting salaries are averaging £25,000.

The overall average is now £29,000 - up from £27,000 last year.

Many employers are reporting record levels of applications, according to the research.

The fact that some of last year's graduates are still job hunting has increased this pressure.

"University leavers from the Class of 2010 are still facing huge competition to land a good graduate job this summer," said Martin Birchall, managing director of High Fliers.

"Employers have already received an unprecedented number of applications this year for their graduate vacancies and many organisations have now filled all their places for 2010 or have closed off their applications early."

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Recruitment Today

End of beginning as downturn slows slightly
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