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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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