UK
Graduate Programmes
Best paid graduate jobs
11 July 2008COMMENTS
Gas and Oil companies pay the most to qualified graduates at over £50 000 basic, which really needs to be mentioned . Read all comments »RELATED ARTICLES
If you want money, go into law or investment banking. If you don’t, go into accounting or professional services. If you really don’t, go into retail.
Bear in mind that these figures are only for salaries: they don’t include sign-ons and they don’t include bonuses. All in, the average banker could be making twice this.
2008 Graduate starting salaries
Law £36.5k
Investment banking £35k
Banking or financial services £26k
Fmcg £26k
Consulting or business services £25k
IT hardware or software £25k
Public sector £25k
Energy/water/utilities £24k
Construction £23.5k
Engineering or industrial £23.2k
Transport or logistics £23k
Accounting or professional services £22.3k
Retail £17k
Source: AGR
COMMENTS
Michael, Investment Consulting, Fri 11 Jul 08
I'm a little bit confused by this survey. Why are consultancy wages so low, when consultancy is ten times as competitive as i-banking according to Harrison Careers. And why is accounting so low, when people recommend it as an alternative to banking in order to make big bucks? Of course accountants must do training but so do bankers.
Add your comment »----, Student, Fri 11 Jul 08
Take into account all the other areas of consulting such as PR and Market Research and that prestige and pay comes way down!
Add your comment »Anonymous, Sat 12 Jul 08
Accountants on average probably earn the described figure while training for a professional qualification. Yes both undergo training, but the once you qualify as a Chartered Accountant you can work in industry and earn 6 figure salaries. The reason the salaries are so low is basically supply and demand in the labour market for this job. there is an abundant supply of potential accountants so it makes sense that the salaries are much lower.
Add your comment »zirzop, Consultancy, Mon 14 Jul 08
I believe the term "consulting" is a very broad term...
Top management consulting firms (McK, BCG, Booz, Bain etc.) should find a new term for their profession. Otherwise, they will keep getting lumped with all sorts of contracting works that is named "consulting".
I have met with many people who say "I am a consultant", doing some crappy stuff... This diminishes the value of being a management / strategy consultant... Clearly, this is also reflected in this research...
James Field, Commodities, Tue 15 Jul 08
Gas and Oil companies pay the most to qualified graduates at over £50 000 basic, which really needs to be mentioned .
Add your comment »Banshou, Research, Wed 16 Jul 08
Take into account the music industry and your looking at a handful of CDs for the privilege. It's the most over-hyped and underpaid industry of the lot.
Add your comment »Anonymous, Thu 17 Jul 08
What on earth is this list about? Trying to entice students towards a career based simply on figures; how shallow!
Add your comment »Anonymous, Fri 18 Jul 08
Would you go into finance if it paid like a traineeship at the BBC? I think not.
Add your comment »Anonymous, Fri 18 Jul 08
That is not my point. These figures are disguising the reality of the job. Perhaps placing the salaries into context should provide a better insight into the sums:
At £35,000 you work 75 hours per week. It is frowned upon to take a holiday. You work with, for and against ultra competitive individuals; with this intensifying during a downturn. Time with your children, or even time for creating them, becomes thin.
Ash, Investment Banking / M & A, Sun 20 Jul 08
very shallow and pointless page we have here....tring to push students into Banking and Finance.
Add your comment »
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