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.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

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

Sustainable business starts with people, not HR policies

Why long-term success depends on supporting employees, not just meeting ESG targets, with practical steps for leaders to build healthier organisations.

Hiring steadies but Gulf crisis threatens recovery in UK jobs market

UK hiring shows signs of stabilising, but rising global uncertainty linked to the Gulf crisis is weighing on employer confidence and delaying recovery.

Women ‘face career setback’ risk with flexible working

Female staff using remote or reduced-hour arrangements more likely to move into lower-status roles, raising concerns about bias in career progression.

Jo Kansagra: Make work benefits work for Gen Z

Gen Z employees are entering the workforce at full steam, and yet many workplace benefits schemes are firmly stuck in the past.
- Advertisement -

Union access plans risk straining workplace relations, CIPD warns

Proposed rules on workplace access raise concerns about employer readiness and operational strain.

Petra Wilton on managers struggling with new workplace laws

“Managers are not being given the tools they need to fully understand how the rules of the workplace are changing.”

Must read

Ian Dowd: Brexit impact on the UK workforce and the future of HR

With the countdown to the EU referendum firmly underway, many businesses are preparing themselves for a potential Brexit and the effects it could have on their organisation.

David Walker: The relationship between health and employee performance

Having recently attended REBA’s Employee Wellness conference, it became clear that the concept of ‘employee health in the workplace’ has become far more sophisticated in recent years. Future-thinking strategies are increasingly being implemented by businesses in order to improve both the physical and mental health of staff.
- Advertisement -

You might also likeRELATED
Recommended to you