Graduate entrants to the banking and investment sector can now look forward to salaries in the region of £50,000 pounds – that’s a 5% increase from last year.
This sizeable jump, reported by the Telegraph, is purportedly a response to negative images of the banking profession as a result of financial scandals. Higher introductory salaries are being offered to graduates to tempt them into the sector. A partner at PwC, Jon Terry, stated ‘There is no doubt that “banker bashing” and the scandals at the banks are impacing graduate decisions about going into the City’.
Even without this hike in pay, students going into investment banking will already look forward to much higher salaries than their contemporaries in other industries. To find out more about earnings and other benefits you can look forward to in this sector, check out our Salaries & benefits in banking article.