Graduates (Starting Salaries) (Hansard, 26 February 2001)

§ Mr. Wicks

Information on the average starting salary for each employment sector is not available. The table shows the median of the starting salaries paid by employers to graduates from 1974 to 2000 from the Association of Graduate Recruiters' Annual Graduate Salaries and Vacancies Surveys. 50 per cent. of employers in the sample pay less than this and we do not have figures for the lowest starting salary or the statistical mean. Members of the Association of Graduate Recruiters tend to be large employers recruiting graduates to professional and fast track managerial jobs and probably pay higher starting salaries than the overall average, but information on the latter is not available. A more detailed breakdown by sector than industrial and non-industrial is not available from this survey. I refer the hon. Member to the reply given to him on 8 January 2001,Official Report, column 403W, for figures on the starting pay for honours 381W graduate teachers which from April will be £20,000 in inner London. Figures for other sectors are not collected centrally.

£
		Employment sector
Year	New graduate median starting salaries	Industrial	Non-industrial
1974	1,905	n/a	n/a
1975	2,423	n/a	n/a
1976	2,735	n/a	n/a
1977	3,000	n/a	n/a
1978	3,435	n/a	n/a
1979	3,970	n/a	n/a
1980	4,745	n/a	n/a
1981	5,240	n/a	n/a
1982	5,690	n/a	n/a
1983	6,125	n/a	n/a
1984	6,680	n/a	n/a
1985	7,300	n/a	n/a
1986	8,000	n/a	n/a
1987	8,500	n/a	n/a
1988	9,300	n/a	n/a
1989	10,327	10,500	10,000
1990	11,500	11,500	11,250
1991	12,500	12,500	12,000
1992	12,800	l3,000	12,500
1993	13,004	13,225	12,950
1994	13,600	13,697	13,600
1995	14,362	14,000	14,000
1996	14,750	15,000	14,500
1997	15,500	15,500	16,000
1998	16,600	16,500	17,000
1999	17,400	17,250	17,850
2000	¹18,000	¹18,100	¹18,000
n/a = not available
¹ These figures are provisional (from 2000 survey)

Source:

Institute for Employment Studies/Association of Graduate Recruiters