Graduate starting salaries in UK – Dropped by 11%, from £24,293 to £21,701 in real terms between 2007 and 2012

The starting salaries for graduate jobs has declined as the economic downturn bites. 

The average starting salary for graduates in professional employment dropped by 11%, from £24,293 to £21,701 in real terms between 2007 and 2012.

Only two subject areas – Materials Technology, and Librarianship & Information Management – showed an increase in starting salaries, of 13% and 3% respectively.

Starting salaries for General Engineering graduates fell by 2%; salaries for graduates of Middle Eastern and African Studies fell by 25%. Even Medicine and Dentistry (always high graduate starting salary rankings) showed reductions of 15% and 9% respectively.

Remember, though, that some caution is necessary when looking at these stats where the numbers of graduates in any particular subject area is likely to be small.

Chosen excerpts by Job Market Monitor. Read the whole story at  Graduate Salaries and the Graduate Premium – Complete University Guide.