Crushed solely by funding banking 🤑
New analysis exhibits that legislation is without doubt one of the most profitable graduate careers, with new starters capable of anticipate a wage of £46,000.
That’s, nevertheless, a number of grand shy from the £50,000 their funding banking-minded friends can anticipate to earn upon beginning out.
These have been a few of the findings produced by High Fliers Research, which examined the nation’s high grad employers (primarily based on The Instances High 100 Graduate Employers 2020) and the way a lot they’ll pay their new recruits this 12 months. The figures don’t embrace extra advantages reminiscent of bonuses.
Regulation did, nevertheless, beat consulting on this 12 months’s analysis: grads venturing into technique consulting companies can anticipate to earn £45,000, on common.
The best-paying employers are just about all within the authorized sector, in line with the analysis, and embrace White & Case (£50,000), Clifford Chance (£48,000), Baker McKenzie (£48,000) and Linklaters (£47,000). Past legislation, tech firm TPP and retailer Aldi pay graduate beginning salaries of £45,000 and £44,000, respectively.
Additional down the desk (beneath) banking & finance grads can anticipate to earn the identical as these coming into the media business (£32,500), while the common wage of these beginning in shopper items and tech additionally matches (£32,000).
Graduates coming into the general public sector earn the bottom within the rankings (£24,200), adopted by the armed forces (£27,800) and engineering (£28,000).
The report additionally confirmed that grad salaries have been stagnant for over 5 years, with the common beginning wage for grads (£30,000) not growing since 2015.
Median beginning salaries for grads in 2021
|Trade||Median beginning wage|
|Oil & power||£40,000|
|Banking & finance||£32,500|
|Accounting & skilled providers||£30,600|
|Engineering & industrial||£28,000|