The salaries being paid to attract the best graduates in Britain have increased by some £2,000-£3,000 in the last year according to Cambridge hi-tech recruitment specialist, ecm.ecm director, Martin Constantinides said this applied to Cambridge graduates in the UK elite.
Software , hardware, maths modelling and support engineer roles are seeing higher rewards.
Salaries for software roles at the fresh graduate/PhD level are – for the second year running – significantly higher than the previous year (up £2k-3k).
A number of companies are even offering a signing-on bonus for graduates as they seek to secure the best talent emerging from Cambridge and other universities.
Hardware/electronic role salaries are also up but not by as much.
Senior, hands-on positions in mechanical engineering have paid up to £4k-£5k more in 2011 than in 2010.
Constantinides also reports “a significant increase in salaries for support engineer roles.”
ecm’s latest annual Salary & Benefits Survey gathered data during the final quarter of 2011 – both directly from client companies and indirectly from job seekers, vacancies and placements.
Its findings allow companies to compare salary levels and benefits packages, to ensure they retain key staff and continue to attract the most highly sought-after candidates.
Constantinides said that the hi-tech sector had proved notably robust throughout the year. “Those who do still have money to invest, faced with very low returns elsewhere, have been attracted by the prospects of early-stage technology companies, and the Cambridge area has maintained its pre-eminent position.
“As a result, companies in the local areas are continuing to hire and to compete for the very best candidates. As last year, we have seen increased salary scales at the more junior end in response to sustained competition for the top talent.”
Source: Matt Dean, Businessweekly.co.uk, Tuesday 27th December 2011
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