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Graduate recruitment going to be well down
06 March 2017
Graduate recruitment into the accounting and professional services sector is set drop by a whopping 8.4% during 2017, according to a survey conducted by High Fliers Research.
In 2016 these firms recruited 4,899 graduates but only plan to take on 4,489 into graduate positions this year. That is a cut of over 400 graduates.
High Fliers found that the number of graduate applications to accounting and professional have also dropped year-on-year by 5%.
The profession is definitely pulling back, as the number of paid work experience places is being slashed by 18%, down from 2,337 to just 1,914.
Many recruiters told High Fliers they have less money to spend on graduate recruitment this year. This included two of the Big 4 firms and a number of the large employers from the banking and finance sector.
He average starting salary for accountants will be static in 2017, at £30,000, although salaries range from as little as £13,500 to £33,000. This is some way short of the top salaries, which are currently coming in at £45,000. The top graduate salaries are being paid by investment banks.
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