Starting salaries --IT graduates
Discussion
I've just been having a discussion with one of my nephews who is studying Law at Uni and me was telling me about a friend of his who graduated last year with a degree in IT. Apparently he has since got a job with Santander on a starting salary of £31k.
To be honest my initial reaction was somewhat cynical but maybe I'm out of touch. Is this realistic or was my nephew's mate exaggerating ? Would be interesting to know hat the comparable graduate salaries are for different roles .
To be honest my initial reaction was somewhat cynical but maybe I'm out of touch. Is this realistic or was my nephew's mate exaggerating ? Would be interesting to know hat the comparable graduate salaries are for different roles .
Countdown said:
I've just been having a discussion with one of my nephews who is studying Law at Uni and me was telling me about a friend of his who graduated last year with a degree in IT. Apparently he has since got a job with Santander on a starting salary of £31k.
To be honest my initial reaction was somewhat cynical but maybe I'm out of touch. Is this realistic or was my nephew's mate exaggerating ? Would be interesting to know hat the comparable graduate salaries are for different roles .
In 2005/6 investment banks were paying IT Grads 33k + 2.5k golden handshake. Retail was slightly lower. Consultancy slightly lower still. After completing the training and settling in it went up to 38k.To be honest my initial reaction was somewhat cynical but maybe I'm out of touch. Is this realistic or was my nephew's mate exaggerating ? Would be interesting to know hat the comparable graduate salaries are for different roles .
Very tough competition for the jobs though. We're talking IT grads mainly with firsts in Maths, Engineering or Computer Science from select universities to actually get the top paying places on the whole.
I knew about Aldi (and I know there are various graduate trainee schemes that pay well) but I assumed starting salaries for IT jobs such as these outside of London would be low 20's rather than £30k plus. Just to add , he got a 2:1 from MMU in IT so whilst it's nothing to be sneezed at, it's not really a 1st from a Russell Group University. Also the job is in Luton so London premiums don't apply.
I think I'm more surprised because my current workplace employs IT people with 10 years experience on salaries of £30-£35k. But then I suppose "IT jobs" cover a wide range of skills/responsibilities and therefore payscales.
I think I'm more surprised because my current workplace employs IT people with 10 years experience on salaries of £30-£35k. But then I suppose "IT jobs" cover a wide range of skills/responsibilities and therefore payscales.
richatnort said:
Just finished my graduate scheme and I wish I was on that salary!! The average is 23k or around there!
That was my thinking as well (and that for a Graduate scheme). i don't think many graduates are actually lucky enough to get onto a graduate training / fasttrack type scheme. I think PwC are currently paying £23k outside London for accountancy grads so just very surprised that IT graduates are on so much more.I'm paying 27k each to 2 grads. After a bit of benchmarking against the consulting industry it seemed about right. There were a few paying higher, IIRC a few end-user companies like Shell were paying in the region of 31k.
We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
I don't get how companies can be paying that much for someone straight out of uni, with only 1 years experience max. I know when I started my grad scheme I hardly knew anything about the real working world and my wage reflected that. If a graduate wants a job they should just apply for the smaller wages as the development is a so much better!
bga said:
I'm paying 27k each to 2 grads. After a bit of benchmarking against the consulting industry it seemed about right. There were a few paying higher, IIRC a few end-user companies like Shell were paying in the region of 31k.
We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Fancy telling us who you work for and what kind of things your grads have to do?We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
bga said:
I'm paying 27k each to 2 grads. After a bit of benchmarking against the consulting industry it seemed about right. There were a few paying higher, IIRC a few end-user companies like Shell were paying in the region of 31k.
We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Can I ask - doesn't Consultancy require a level of expertise and/or experience in some area of business before you are able to provide a consultancy service? Or is there X years of training before they start being charged out?We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Countdown said:
Can I ask - doesn't Consultancy require a level of expertise and/or experience in some area of business before you are able to provide a consultancy service? Or is there X years of training before they start being charged out?
The consultancy might need some experience to stand a chance of winning contracts, nothing stopping them charging out for graduates though.I started with my company 2 years ago as a fresh faced graduate on a starting salary of £32k. I work in Marketing and Sales in the automotive sector but my fellow grads in IT, Finance, Engineering etc all started on the same.
However, I was on the highest salary out of my friends excluding those in the top finance companies so although not unheard of, I don't know of a lot or grad roles that start on £30k plus.
However, I was on the highest salary out of my friends excluding those in the top finance companies so although not unheard of, I don't know of a lot or grad roles that start on £30k plus.
Countdown said:
bga said:
I'm paying 27k each to 2 grads. After a bit of benchmarking against the consulting industry it seemed about right. There were a few paying higher, IIRC a few end-user companies like Shell were paying in the region of 31k.
We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Can I ask - doesn't Consultancy require a level of expertise and/or experience in some area of business before you are able to provide a consultancy service? Or is there X years of training before they start being charged out?We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Unfortunately, in real life, very often it is not the case - in the approx 12 years I've been in IT , the number of consultants I would employee, out of the many I have seen, I can count on one hand.
Countdown said:
bga said:
I'm paying 27k each to 2 grads. After a bit of benchmarking against the consulting industry it seemed about right. There were a few paying higher, IIRC a few end-user companies like Shell were paying in the region of 31k.
We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Can I ask - doesn't Consultancy require a level of expertise and/or experience in some area of business before you are able to provide a consultancy service? Or is there X years of training before they start being charged out?We had 250 applicants and in our short list of 20 many were evaluating us against other consulting firms offering similar.
Unfortunately, in real life, very often it is not the case - in the approx 12 years I've been in IT , the number of consultants I would employee, out of the many I have seen, I can count on one hand.
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