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IT and Telecoms Vacancy numbers on the increase

Good news for a telecoms vacancy: According to the Graduate Market in 2007 the number of graduate jobs offered by the top 100 employers should increase by more than 10% this year. A survey by High Fliers Research - published yesterday, more than 80% of these firms plan to hire at least as many, or more, graduates in a telecoms vacancy than last year. Recruitment at the top accounting firms and investment banks remains buoyant, but the fastest growing sectors are in IT and telecoms, with vacancies up by 47.8%.

Telecoms Vacancy Top Salaries enjoyed within the City
The average starting salaries for the Class of 2007 will increase by £1,700 to £25,500, researchers also found. However, a quarter of the surveyed firms expect to offer graduate wages in a telecoms vacancy closer to £30,000. You know where the top earners are…..(law, consulting and oil and energy firms) and where the lowest ( retail and the public services) will be found. City investment banks will undoubtedly be the real high fliers. These firms may not publicise graduate packages, but employees could find themselves in the highest tax band.

Graduate demand outstrips supply

Of course, it can't all be good news. While the increase in It and telecoms vacancy numbers is clearly welcome, researchers have warned that the growth in graduate programmes has failed to keep pace with the huge rise in students going to university over the past 10 years. Some 265,000 (almost 10,000 more than in 2005) graduates are expected to leave university this summer, so competition for some of the most prestigious graduate programmes is likely to be fierce. Some employers said they expected to receive 50 applications for each IT and Telecoms vacancy. Not only that, more than 90% of the top 100 firms are recruiting graduates to work in London and the south-east of England this year, and less than half have vacancies in Scotland, Wales or Northern Ireland.

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