Employers offer £60,000 starting salaries to lure graduates

Employers offer £60,000 starting salaries to lure graduates

Employers are offering graduates starting salaries of as much as £60,000 a year as desperate businesses compete to lure the best talent. Companies in the financial services sector are most likely to offer lucrative salaries to entry-level employees, in some cases offering tens of thousands pounds more than the average wage . The highest paid entry-level role is at Thought Machine, a financial firm, which pays an average base salary of £60,000 to employees with less than two years of relevant experience, according to Glassdoor, a jobs website. Meta, the technology firm which owns Facebook and Instagram, pays the second highest salary at £57,000 a year, followed by financial services group Macquarie, which pays £55,000, and banking giant Goldman Sachs, which offers £50,000. The average base salary was £45,000 across the top 25 firms analysed by Glassdoor, almost £15,000 higher than the average UK salary. Employers have been fighting to recruit new employees after the "Great Resignation", triggered by the pandemic, saw workers quit in their droves. Firms have been forced to throw money at the candidates to fill a record number of job vacancies. Lauren Thomas, of Glassdoor, said finance and tech companies were happy to offer “big money”