A Scottish city has been named the best in the country for entry-level salaries.
When choosing where to live for work, one of the biggest factors that comes into play is how much money you can expect to be paid. A new study by BusinessFinancing.co.ukhas revealed that neither Edinburgh nor Glasgow are among the best cities for entry-level salaries.
According to the results, Dundee is the best city in the UK for high-paying entry level jobs. The experts found that 42.67 per cent of junior jobs in the city pay above the local median salary.
The overall median salary in Dundee was found to be £29,997. However, more than two-fifths of new entrant roles are paid above this rate.
BusinessFinancing.co.uk states that the city’s business outlook is currently “resurging”. According to the experts, the V&A Dundee brought “millions into the local economy while further establishing the city as a hub for design, tech and future industry”.
Dundee is the only Scottish destination to appear in the top 10 cities for entry-level salaries. Following behind in second place is Nottingham, with Birmingham, Bradford, and Lincoln rounding out the top five.
A spokesperson at BusinessFinancing.co.uk wrote: “Junior employees are the lifeblood of a business. An effective entry-level hire brings energy and fresh perspectives while freeing senior staff to capitalize on their own experience and expertise.
“But how do you put a price on new talent — particularly when the company must pay for training a young professional who may end up moving elsewhere to further their career? It isn’t an easy balance to find.
“For one thing, new entrants rightly feel they deserve a fair salary that covers the rising cost of living and reflects the work they’ve done to reach this point. Unsurprisingly, figures show that graduates expect significantly more than what they’re currently offered.”
When putting together their list, the experts used data from the Office for National Statistics to find the median wage in UK towns and cities with over 50,000 people. They then searched Indeed for entry-level jobs in each location and calculated the percentage of those paying above the local median salary.
More information can be found on the BusinessFinancing.co.ukwebsite.
Top 10 UK cities for entry-level salaries
- Dundee
- Nottingham
- Birmingham
- Bradford
- Lincoln
- Swansea
- Hereford
- Wolverhampton
- Plymouth
- Derby
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