PracticePeople In PracticeFirms dominate graduate plans, but lawyers pay more

Firms dominate graduate plans, but lawyers pay more

Accounting firms look to scoop up thousands of graduates - but bankers and lawyers are better paid

ACCOUNTING and finance recruitment dominates the graduate market for 2015, although the banking and legal sectors are paying higher starting salaries.

The latest research from High Fliers has found graduate recruitment numbers continue to rise, with professional services and accounting planning to make 4,624 placements, a 10.8% hike. Nearly 30% of these recruits will come from those who have already worked for the firm.

The largest recruiters are Teach First (2,060), PwC (1,570) and Deloitte (1,100).

The biggest starting salaries were in investment banking – £45,000 and law at £40,000, while the wider professional services and accounting sector starting salaries averaged £30,000.

Managing director of High Fliers Research, Martin Birchall 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.

“And there are a record number of opportunities too for first and second year students to get paid work experience this year – Britain’s top employers will be providing more than 13,000 paid internships, vacation work or course-based placements in 2015.”

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