Jobs in London are becoming increasingly desirable, with just under half of overall UK graduate vacancies being offered in the capital, reports Telegraph.co.uk.
Research from the Association of Graduate Recruiters found that 44.2 per cent of all graduate vacancies were in London, with 10 per cent being offered around the South East.
Despite fears of a North-South divide emerging over the jobs market, the amount of graduate vacancies have increased over the last year and starting salaries have been given a boost.
Carl Gilleard, chief executive of the AGR, welcomed the figures, stating: “I am cautiously optimistic about today’s findings, which provides a welcome indication that the graduate recruitment market is beginning to overcome the impact of the recession.”
Employers are prepared to bump up intial salaries to £25,500 in 2010-11, a 2 per cent increase over the last two years – a statistic that the AGR claimed as proof that firms were overcoming the recession.
The chief executive of vice-chancellor’s umbrella group ‘Universities UK’ Nicola Dandridge told BBC News she was happy with the statistics: “Competition for some graduate positions remains intense, but the predicted rise in the number of graduate vacancies is positive.”