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
It's not like you have to pick your career based on these figures. It's informative for those who want to know. If it bothers you, just ignore it.
Add your comment »Professional services seems too low in this table - the Big 4 (KPMG, EY, D&T, PwC) ALL pay more than this for starting graduates into any of thier areas- audit, tax, corporate finance etc. The minimum starting grad salary for any of these firms in London is £26k but ranges to £32k in CF roles where you're still training as a Chartered Accountant.
Add your comment »surely you should take into account the level that the company is playing at. the global companies are obviously going to pay far more than some backwater office no-one has heard of in-order to be competative. i think this is research is vastly biast and just shows basepay averages aren't everything, especially with bonuses
Add your comment »do you even know how much accountants with professional qualifications earn? they can be as competitive as I-Banking you ignorant fool
Add your comment »"do you even know how much accountants with professional qualifications earn? they can be as competitive as I-Banking you ignorant fool"
the table is for "Graduate starting salaries", not professional
The more money you want the more hours you do, most people in investment banks work 13-17 hours a day. This is equviliant to have 2 jobs.
Add your comment »I dont think so. nobody can determine or push like you did say what someone else should become. Its realy down to the person if this page influences ones decision
Add your comment »I do not want to be an accountant for the money. I want to be an accountant whether I get paid or not, I will go voluntary to get experience, hell ill even train for free. Its what I know I will enjoy. Its my dream job. Anonymous was right when they said that at £35,000, the work will be high pressure, and youd never take any holidays. I dont want that no matter how much money i get offered. The selection process seems like the X-factor for accountants.
Add your comment »does it mean that it is actually not advisable to pursue a postgraduate degree in investment banking?because in actual fact,that is what i want to do but it seems like the market is dwindling.so i am scared please help me out.
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