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What is the average graduate salary?

The average graduate salary will depend on several factors such as career type, industry and location. You may arrive at your graduate salary in different ways if you have a salary bands in place for instance. Luckily there is information out there that takes these factors into consideration and produces an average graduate salary report. The two reports that many graduate recruiters use to benchmark their salaries are produced by High Fliers Research and AGR.

The High Fliers Survey 

The average graduate salary for 2017 is £30,000. This has remained unchanged since 2015. The figures do not include additional benefits such as relocation allowances, regional weighting, subsidised company facilities or bonus schemes. This survey asks companies in the Times Top 100 Graduate Employers.

Here's the breakdown by sector:

- Accounting & professional services £30,000
- Armed Forces £27,000
- Banking & finance £32,500
- Consulting £31,500
- Consumer goods £30,000
- Engineering & industrial £26,500
- Investment banking £47,000
- IT & telecommunications £30,000
- Law £43,000
- Media £30,000
- Oil & energy £38,000
- Public sector £23,000
- Retail £30,000

The highest published graduate starting salaries for 2017 include;

- Newton Europe £45,000
- Baker & McKenzie £45,000
- Herbert Smith Freehills £44,000
- Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May £43,000
- Aldi £42,000
- European Commission £42,000

The AGR Survey

Graduates starting at AGR employers (208) in 2016 had a median starting salary of £27,500.

Here's the breakdown by sector:

- Accountancy or professional services firm £25,000
- Banking or financial services £33,000
- Construction company or consultancy £25,625
- Energy, water or utility company £27,500
- Engineering or industrial company £26,500
- FMCG company £29,000
- Investment bank or fund managers £37,00
- IT & Telecommunications £29,000 
- Law firm £38,000
- Public sector £24,000
- Retail £24,500
- Transport or logistics company £25,000

Here's the breakdown by region:

- East Midlands £25,000
- East of England £25,384
- London £29,500
- North East £25,000
- North West 2.6% £25,000
- Northern Ireland £23,500
- Scotland £26,207
- South East £26,000
- South West £25,000
- Wales £25,750
- West Midlands £25,000
- Yorkshire and Humberside £25,000

Here's the breakdown by career type:

- Accountancy £25,500
- Actuarial work £30,011
- Civil engineering £26,000
- Consulting £28,000
- Electrical/electronic engineering £26,100
- Financial management £27,750
- General management £26,000
- Human resources £27,000
- Investment banking £45,000
- IT £30,031
- Legal work £38,000
- Logistics £27,000
- Manufacturing engineering £29,000
- Marketing £27,000
- Mechanical engineering £26,100
- Other £27,000
- Purchasing £27,000
- Research and development £27,500
- Retail management £25,000
- Sales/customer management/business development £26,500
- Science £26,000

The key for us, number one, has always been hiring very smart people.

- Bill Gates, Microsoft

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