Students are motivated by Money? With rising tuition fees and rising debts, students have far more to pay back than ever than the predecessors that came before us. It might be a wild statement, but I am beginning to think that it is true.
As I have mentioned in previous articles, graduates are faced with uncertain future, with masters degree's replacing graduate jobs, and more experience gained by students before they graduate, the future for graduates isn't the type of degree you have got and more about the practical uses of your degree in the real world.
Reading a recent article combined with the news, that Barclay's PLC has reported that its pre tax profits point towards £6.5 bn, it gives me no hesitation to suggest that most graduates will be applying to these types of companies. A recent report by High-flyers, a leading graduate research agency points towards graduate salaries have risen from £22,000 in 2003 to £29,000 in 2011.
Who is to blame for this rising trend? In my opinion it is the banks, although others may state to rising inflation and increased living costs. Investment banking in seven organisations intend to pay upwards of £40,000, including two banks that are offering packages worth at least £50,000 or more to new joiners. The resurgence of recruitment within the banking sector during 2010, combined with a reorganisation of how remuneration packages are structured at a number of banks has meant that average salaries at investment banks have jumped around 10% over the last twelve months.
You can read the rest of the report by following the link here.
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