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What are Recent Graduates’ Salary Expectations?

Talent Trends

This week, we took a look at the salary expectations of recent graduates from the Top 10 and Top 40 UK Universities.

When it comes to looking for a job, salary is often the most influential decision-making factor. Needless to say, salaries are important, and knowing what salary to offer is crucial to attracting the right kind of fresh talent for a role. So what do recent graduates expect to earn when they enter the workforce? Let’s take a look:

What are recent graduates’ salary expectations?

As expected, graduates from the Top 10 UK universities have slightly higher salary expectations than their counterparts from the Top 40. Whilst graduates from universities such as York, Manchester, and King’s College London have an average expectation of £23,371, those from Oxbridge, London School of Economics and Warwick anticipate a slightly higher salary of £25,341. This is an interesting difference considering that a number of Top 40 universities hold the same Russell Group status as some of the Top 10 institutions.

So what?

These results indicate how highly recent graduates perceive their worth and suggest that university rankings continue to play a role in this estimation. What is brought into question is how influential a Russell Group status is to graduates’ salary valuation. Whilst universities such as Liverpool and Bristol have Russell Group membership, their graduates generally expect lower salaries than those from Loughborough and St Andrews, which do not hold such membership. These results suggest that Russell Group status is not a prominent factor when graduates consider how much they expect to earn.

What’s got us talking this week?

 
📚 Erasmus: What will happen to scheme after Brexit? | BBC News

We understand the desire you may have to ban the ‘b’ word – however, we thought we’d share this BBC article about how it may affect what is, to many, a staple of higher education: the Erasmus scheme. The article outlines the current situation surrounding the scheme, and discusses what could happen to it if the Prime Minister secures a deal.

🎧 Reply all #102: Long Distance | Gimlet Media

In this two-parter episode, host Alex Goldman shares the story of how a scam phone call led to his personal investigation into a fraudulent internet security company. Goldman’s persistence to get to the heart of an organised, global scam, makes for a gripping listen that draws a picture of the real people behind such audacious swindles.

📚 The Route of a Text Message | the scottbot irregular

Technology is as much a part of our daily lives as eating and sleeping (sometimes even more so!) yet many of us wouldn’t have the faintest idea of the process behind a text message. This article by Scott B. Weingart breaks down the processes behind each step of a text, from typing it out to it reaching the recipient’s phone. The article goes into some depth but makes it easier for the less tech-savvy amongst us to grasp the fundamentals of mobile communication.

 

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Post written by Grace Dillon, Content Writer at TalentPool