Graduate recruitment by the UK's top 100 employers is set to reach a level not seen for more than a decade, new research by High Flyers said today.
High Flyers, which also compiles The Times Top 100 Graduate Employers, asks 18,000 students to select the 100 best graduate employers, which are then surveyed for the number of vacancies and starting salaries. All Big Four firms and Grant Thornton were included in the rankings.
The biggest increases in recruitment were by public sector employers, accounting & professional services firms, banking & finance firms, retailers and the Armed Forces, which together expect to recruit more than 1,200 extra graduates this yea, High Flyers said.r.
Big Four firms PwC and Deloitte were bettered only by Teach First, which will offer 2,060 places to graduates in 2015. Further down the rankings, KPMG anticipates 1,000 vacancies this year, followed by EY (800) and Grant Thornton (300).
Martin Birchall, managing director of High Flyers research said, “It’s great news that students leaving university this summer who’ve paid higher tuition fees for their degrees will be emerging into the most buoyant graduate job market for over a decade, with a wider choice of graduate vacancies at the country’s most sought-after employers and better starting salaries.”
Salaries are set to rise to an average of £30,000 across those identified in the research as “top employers”. The most generous average salaries in 2014 are those on offer from investment banks (£45,000), law firms (£40,000), banking & finance firms (£36,500) and oil & energy companies (median of £32,500).
The Big Four have traditionally been an attractive option for graduates, with PwC and Deloitte again coming in the top three of 2014's Times Graduate Employers rankings.