Image
AUDIO
Image

Posted by Aston Avery

Students’ high expectations for starting salaries

A new study of almost 4,000 UK students has revealed that starting salary expectations have risen by 9% since January 2022. Due to the impact and stress presented by the rising cost of living, the undergraduate students surveyed, all members of Gen Z, expressed genuine concerns around the economic climate, their careers and future working life.

The study by Bright Network – a graduate careers and employment specialist matching university students with graduate employers in the UK, highlighted the quick evolution of salary expectations. In January 2022 the expected starting salary stated by undergraduate students was £27,270 on average, but the latest data shows this has now risen to £30,244 in a little over six months.

This jump in financial demands can be attributed to the UK’s current economic climate, with over three quarters (83%) of respondents saying the cost-of-living squeeze has changed how they are thinking about starting salaries.

Aston spoke to Kirsten Barnes, CEO of digital platform at Bright Network.

Photo by Colin Watts on Unsplash

Ads help us keep this site online