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Recession dents student aspirations

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Credit Crunch graduates expect to receive wages far below the national average, according to a recent national survey conducted by careers website Graduate Recruitment Bureau (GRB).

The survey indicated that almost half of the student population set to graduate in 2010 expects to receive a salary around £20,000 in their first year immediately after graduating.

These modest expectations are far below the average wage in Britain of £25,000.

Only 5% of students surveyed expect to earn £35,000, which is often the salary of an employee in a bank or a law firm.

The survey suggests that many students are more concerned with getting a career foothold, than seeking a large pay packet.

Commenting on the findings, Dan Hawes, co-founder of GRB, said: "These findings are good news for employers as there is little indication that they are in the mood to raise starting salaries in 2010."

"One in two predict no change. Only 2% expect a rise above cost of living and 3.5% expect starting salaries to fall."

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