Graduate salary

borich_planner · 19 Feb 2009 at 17:05

I saw on the news the other day that the average graduate salary is still stuck at the 2008 rate of 25k due to the down turn. It got me thinking though, I do not know anyone who left uni and actually started on that salary. I got a graduate placement and managed to get 22k, but it took me another year and half to get to the average graduate salary of 25k! anyone here been lucky enough to leave uni and walk into a average graduate salary?

Borich

Ben M · 19 Feb 2009 at 17:06

Lawyers, finance people, and doctors skew it a bit methinks

Jono · 19 Feb 2009 at 17:06

Average gratuate salary's probably something like £16k in reality.

Duff-Man · 19 Feb 2009 at 17:07

borich_planner said:
I saw on the news the other day that the average graduate salary is still stuck at the 2008 rate of 25k due to the down turn. It got me thinking though, I do not know anyone who left uni and actually started on that salary. I got a graduate placement and managed to get 22k, but it took me another year and half to get to the average graduate salary of 25k! anyone here been lucky enough to leave uni and walk into a average graduate salary?

Borich

IIRC 25k is the mean graduate salary, not the median. The relatively small number of very large starting salaries in city finance type jobs will be pulling up the average somewhat.

N9ne · 19 Feb 2009 at 17:07

Is that average the mean or median?

Edit: beaten by seconds

borich_planner · 19 Feb 2009 at 17:08

not sure it just said on bbc site the average salary will remain at 2008 levels of 25k!

Borich

NeilMick · 19 Feb 2009 at 17:11

When I graduated a couple of years ago it was apparently about 18k!

OpenToSuggestions · 19 Feb 2009 at 17:12

The average salary for mechanical style engineers from loughborough university is 23-24k.

I would think the average for the country as whole graduate salary is 15k due to the crap that Derby/Lincoln/Sunderland/Sheffield Hallam (there are so many poo unis - more bad ones than good now...) spew out every year, who only get 12-13k salaries, completely negating the point in getting into debt as Tesco pays £12.5k now.

I am 100% sure the average graduate salary is NOT anywhere near 25k!!!!!!!!

Ben M said:
Lawyers, finance people, and doctors skew it a bit methinks

Doctors (medical) start on about 30k iirc, it soon shoots up full doctor wage in a year or so

D.P. · 19 Feb 2009 at 17:13

borich_planner said:
I saw on the news the other day that the average graduate salary is still stuck at the 2008 rate of 25k due to the down turn. It got me thinking though, I do not know anyone who left uni and actually started on that salary. I got a graduate placement and managed to get 22k, but it took me another year and half to get to the average graduate salary of 25k! anyone here been lucky enough to leave uni and walk into a average graduate salary?

Borich

I knew quite a few between 25k and 35k, I was offered similar salaries but chose to do a PhD

KaHn · 19 Feb 2009 at 17:13

borich_planner said:
I saw on the news the other day that the average graduate salary is still stuck at the 2008 rate of 25k due to the down turn. It got me thinking though, I do not know anyone who left uni and actually started on that salary. I got a graduate placement and managed to get 22k, but it took me another year and half to get to the average graduate salary of 25k! anyone here been lucky enough to leave uni and walk into a average graduate salary?

Borich

First year I got 34k before tax.

KaHn

Pilky01 · 19 Feb 2009 at 17:13

Average is no where near £25K more like £18k I think.

Greebo · 19 Feb 2009 at 17:13

Don't forget Dentists too!

Plus don't forget regional variations as well.

It's like the national average salary which is somewhere around £30k (doesn't matter what it really is). Where I live I know 90% of people are below the national average.

Does anybody ever produce the national average and graduate starting salaries as median?

Ciphon · 19 Feb 2009 at 17:14

I'm not a graduate, know a few, and none of them are on £25K

Edit: One is actually quiet far over it actually.

borich_planner · 19 Feb 2009 at 17:16

I graduated in 2006 and I am on 34k but i was very lucky with my position, and many people on my uni course have not even reached the average 25k graduate salary

Borich

Greebo · 19 Feb 2009 at 17:16

Ciphon said:
I'm not a graduate, know a few, and none of them are on £25K

Edit: One is actually quiet far over it actually.

Hence it could be based on mean average. I knew somebody who started in the city on 50K rising to £120k by her 3rd year.

MickeyFinns · 19 Feb 2009 at 17:16

Most of the people I know are taking offers of £30-40k for computing jobs within banks (UBS, Morgan Stanley).

Delvis · 19 Feb 2009 at 17:20

KaHn said:
First year I got 34k before tax.

KaHn

Nice

I'm jealous

Although you've worked for it, so hey.

andy@moFo · 19 Feb 2009 at 17:20

KaHn said:
First year I got 34k before tax.

KaHn

KaHn, may I ask what you do and where you abouts you work? I live in Whitley Bay.

borich_planner · 19 Feb 2009 at 17:21

KaHn said:
First year I got 34k before tax.

KaHn

thats bloody great!

Borich

KaHn · 19 Feb 2009 at 17:23

Structural Design Engineer for Saipem (Working in Aberdeen)

There is a thread about it which I started a while ago.

I currently work for Noble Denton in Seaton Burn.

All Oil and Gas related.

KaHn