Graduate vacancies are set to increase by up to 17% this year, according to the latest survey from the Association of Graduate Recruiters (AGR).
The report showed that the majority of sectors are showing growth in graduate vacancies, furthering belief that the UK economy is continuing to recover strongly following the crash of the market in 2008.
The most thriving sectors in terms of job creation were the banking and financial service industries, where graduate vacancies are set to increase by 54% this year.
Arriving in a close second was the transport or logistics sector, where a 29% increase is predicted, followed by the public sector, where graduate vacancies are expected to rise by 19%.
However, the news students and graduates will be most pleased to hear is that starting salaries are also set to improve, with the median rising £500 from last year to £27,000.
189 AGR members across 17 sectors were surveyed who, combined, estimated that they will provide 22,076 graduate vacancies in 2014.
A Business Department spokesman commented: “This increase in the number of graduate vacancies is yet further demonstration of the growth in confidence of British businesses.
“There are an increasing number of students entering higher education, and evidence across the sector suggests that employers recruiting from university and higher education have found the large majority of graduates to be well or very well prepared for work.
“Recent evidence also suggests that the majority of graduates are satisfied with the preparation their higher education course provides for the workplace.”
Top 10 Sectors for Graduate Vacancy Increases
1) Banking or financial services – 54.1%
2) Transport or logistics sector - 29.4%
3) Accountancy or professional services firm – 24%
4) IT/telecommunications – 23.9%
5) Public sector – 19.3%
6) Engineering or industrial company – 18.4%
7) Consulting or business services firm – 14.8%
8) Retail – 6.2%
9) Investment bank or fund managers – 4.6%
10) Construction company or consultancy – 4.2%
Article adapted from the Telegraph