A recent study has revealed that almost 50 per cent of graduates are embarrassed by their starting salary.
The study, commissioned by Satsuma also deduced that over two thirds of those surveyed admitted to feeling underpaid.
It took a closer look at the relationship between a graduates salary expectations, and the reality for the average graduate starting salary in the UK.
|Expected graduate salaries from a student perspective||Actual graduate salaries|
|Less than £18,000||27%||37%|
|£18,000 – £24,999||37.4%||37.8%|
|£25,000 – £29,999||24.2%||17%|
|£30,000 – £34,999||6.6%||5.2%|
|£35,000 – £39,999||2%||2%|
Satsuma surveyed 500 UK graduates for the data, which found that 88 per cent felt that the city they lived and worked in was a contributing factor affecting the size of their starting salary.
London also came out on top as being perceived as the highest payer of starting salaries.
Exactly half of graduates felt that their starting salary was not in line with the cost of living, regardless of geographical variances in living costs.
49 per cent of those surveyed admitting to living with parents during their first graduate job, until they received a pay rise that would allow them to live independently.
Data shows that although expectations are actually fairly in line with reality, there is still a fair amount of discontent floating around with only 24% of graduates agreeing that these salaries were fair for the current cost of living.
Francesca who graduated from University of St. Andrews, commented, “It’s really hard for graduates in general these days.
Sometimes I feel that huge companies with graduate schemes need to look more closely at the starting salaries they offer as successful candidates have already invested so much in their education and their qualifications should go a long way to ensuring that they are already able to grasp most parts of the job at hand.”