HRreview Header

Management consulting tops graduate earning potential

-

New research has suggested that management consultancy offers the biggest reward for graduates, it has been claimed.

The Tesco study looked at the total earning potential of the UK’s workforce by the age of 25 and revealed that management consulting proved the most lucrative, offering graduates the ability to earn £155,000 by the time they turned 25.

The figures may provide plenty of motivation for those looking for a career to head towards the management consulting arena, but the survey also found that the retail sector could also deliver plenty of earnings potential to graduates.

People heading into retail could earn a total of £140,000 by the age of 25, the study said, provided they receive the training and development required.

Tesco welcomed the findings of its survey, with the retail sector performing so favourably.

"We pride ourselves on providing competitive starting salaries and a fast-track programme that allows our graduates to move up the career ladder at a great pace," said Hayley Tatum, UK operations personnel director at Tesco.

"Our graduate schemes are renowned for providing our graduates with a high level of involvement and responsibility from day one," she added.

Meanwhile, a growing number of young people are being urged to consider moving into apprenticeships.

The government has unveiled a new bill that it hopes will encourage more young people to enter into apprenticeships if they choose not to go to university, so that they can get the training and development they need to get a job.

Latest news

Turning Workforce Data into Real Insight: A practical session for HR leaders

HR teams are being asked to deliver greater impact with fewer resources. This practical session is designed to help you move beyond instinct and start using workforce data to make faster, smarter decisions that drive real business results.

Bethany Cann of Specsavers

A working day balancing early talent strategy, university partnerships and family life at the international opticians retailer.

Workplace silence leaving staff afraid to raise mistakes

Almost half of UK workers feel unable to raise concerns or mistakes at work, with new research warning that workplace silence is damaging productivity.

Managers’ biggest fears? ‘Confrontation and redundancies’

Survey of UK managers reveals fear of confrontation and redundancies, with many lacking training to handle difficult workplace situations.
- Advertisement -

Mike Bond: Redefining talent – and prioritising the creative mindset

Not too long ago, the most prized CVs boasted MBAs, consulting pedigrees and an impressive record of traditional experience. Now, things are different.

UK loses ground in global remote work rankings

Connectivity gaps across the UK risk weakening the country’s appeal to remote workers and internationally mobile talent.

Must read

Why giving is good for business

SMEs are facing a myriad of challenges in 2018. From the impact of Brexit on the job market to differentiating themselves from larger corporates, it is becoming harder for SMEs to stand out and more importantly,  attract the best talent.

Holly Navarro: How employers can support Muslim employees during Ramadan

As people continue to celebrate Ramadan, Employment Law Solicitor, Holly Navarro, considers the key points employers should bear in mind during this period.
- Advertisement -

You might also likeRELATED
Recommended to you