The number of graduate jobs being offered in the UK has increased by 12 per cent this year, following a massive slump of 23.3 per cent between 2007 and 2009.
According to the report by High Fliers, on average, the UK's top 100 employers, including Jaguar Land Rover and Unilever, are recruiting for 190 entry-level graduate jobs, with 39 applicants for each role.
"These latest results mark a very welcome improvement in the graduate job market and suggest that graduate recruitment at the leading employers is now at its highest level for seven years," says the report.
University Leavers Still On The Increase
Although that's an increase on previous years, graduate numbers have increased by 85,000 to 365,000 since 2007, meaning those leaving university in the years to come could find it harder to find a job after graduating, unless organisations further increase their targets.
The recruitment industry has, however started to identify the forthcoming degree-holder jobs crash, with a third of the top 100 employers increasing graduate recruitment targets this year.
The research was based on a poll by 18,000 final-year university students, who are seeking jobs in a variety of industries.
Most Popular Industry Sectors
The most popular job openings were in the consumer goods manufacturing, oil and energy, media, banking and finance and High Street retailing sectors. In these competitive industries, an average of 50 people apply for each job on offer.
However, investment banks have the fewest job openings, reducing their graduate employment targets from 2,383 to 2,148 in 2014.
High Fliers' research also revealed that two thirds of employers seeking university leavers request the student has achieved a 2:1 degree or higher before applying, with some requiring candidates to have gained a minimum number of UCAS points.
Graduates can expect to earn an average salary of £29,500 - representing an increase for the first time in four years. The highest paid university leavers can expect a salary of up to £45,000 a year, says High Fliers.