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Do you wonder, what is the average salary in the UK? Having graduated in the UK, one finds it quite exciting but at the same time challenging to enter the world of work.
Of the many queries that students and prospective workers have, one of the most frequently asked is the possible salary in the chosen field.
Salary differs according to the type of job, so it is always helpful to know the average salary in the chosen country and your area of practice.
This blog post aims to discuss the findings on the employment prospects after graduation, average entry pay, and measures that can be taken to increase an employee’s pay.
What is the Average Salary in the UK?
Let’s address the big question: What is the average salary in the UK?
The average graduate in the UK earns £38,500 per annum overall, but this varies depending on factors such as industry, role or position, and location.
Some fields begin with relatively higher pay offers, while others progressively increase with time.
Salaries by Industry
Here’s a breakdown of for your question of what is the average salary in the UK?
- Creative Arts
Starting salaries: £18,000–£25,000
Notable occupations like graphic design and video editing might attract slightly higher remunerations.
- Finance and Banking
Starting salaries: £25,000–£69,000
Bonuses make it possible for salaries to increase quickly within this business line.
- Marketing and Business
Pay for marketing roles begins from £22,000- £25,000.
The pay structure of retail management personnel falls between £19,000 and £50,000 per annum.
First-level human resource roles usually come at a base pay of £18,000-£23,000.
- Engineering
Starting salaries: £26,000–£32,000.
The rates may be slightly higher for chemical and civil engineering specializations.
- Healthcare and Medicine
Nurses begin with about £28,000 per year.
The junior doctors are paid an amount of £32,000 to £37,000.
Professional roles or sub-professionals can earn over £43,000.
- Law
Trainee solicitors earn between £23,000 and £70,000 based on the law firm they work for.
- Education
Teachers with appropriate certifications can be paid as low as £30, 000 for beginning teachers, with some differences according to the region.
- IT and Computer Science
Starting salaries: £18,000–£25,000.
Senior people get paid more than £70,000 per year.
What Do Graduates Do After University?
After secondary school, students attend university and select various occupations based on their aspirations and needs.
Full-time Employment: There is a one-year graduate employment rate of 59% of the graduates who will attain full-time employment within 15 months after graduation.
Further Education: About 7 percent choose to further their studies through the postgraduate level to gain more experience.
Freelancing or Entrepreneurship: Approximately 9 percent of graduates go for self-employment or freelancing.
Part-time Work and Study: About 9% of the respondents work and learn or work and improve themselves while working.
It helps to know all these to come up with a plan well suited for the plans one has in mind.
Factors Influencing Graduate Salaries
Several factors impact what you earn after graduation:
Industry and Demand: Employment areas such as finance, information technology, and healthcare are known to provide higher wages.
Location: That is why cities like London offer higher compensations since the living prices are also higher.
Skills and Experience: It also means that relevant internships, certifications, or experience should be used to negotiate for better wages.
Company Size: Large organizations may pay better than small organizations, especially regarding initial placements.
Awareness of them can help you approach your job search more effectively and set proper expectations. Click here to learn about some of the highest-paid jobs in the UK.
How to Increase Your Earning Potential
Here are a few practical tips to boost your career prospects:
- Focus on Networking
Go to job fairs and mingle with people in your industry.
- Upskill
Even short online courses, workshops, or certifications can help you become more competitive in the eyes of the employer.
- Consider Graduate Schemes
Some organizations have established systematic training regimes for graduates.
- Be Flexible with Locations
Think about positions in locations other than large cities if these locations provide better prospects.
- CV and Interviewing
Emphasize what you are good at and what you have proven valuable to the employer’s organization.
Balancing Passion and Pay
Career selection goes beyond the financial aspect of the job or the amount of money an individual will earn. You have to be able to find a way to be both passionate and reasonable at the same time. Here’s how to approach it:
- Interests and strengths analysis.
- They research areas that have good growth prospects.
- If the job offers vital experience, one may begin in the lower-paid position.
Conclusion
University is an outstanding achievement, but when it is time to leave the world, many people do not know where to start.
Regardless of the goal that one may set – full employment, education of a higher level, becoming a freelancer, or a combination of work and study, it is essential to know what options are available.
If you’re curious about career opportunities or wondering, What is the average salary in the UK?, Enrollmate has you covered.
When you visit Enrollmate, you can find information on starting your career after university. It’s about time for a change for the better!
