The UK remains a graduate employers’ market, while graduates represent good value for money, according to the INGRADA (International Network of Graduate Recruitment and Development Associations) Global Graduate Survey.

The research which surveys six countries including the US, Australia, Canada, Hong Kong, South Africa and the UK found that the UK has more graduate applications per vacancy (48) than any of the other five countries.

The survey also found that the average UK graduate salary stands at £25,000, more than £3,000 less than in Australia and Canada and £4,000 less than in the US.

Graduates in Hong Kong enjoy by the highest salaries at £30,000 - £42,000 while in South Africa they are just over £9,000.

INGRADA links major graduate recruitment associations including the Association of Graduate Recruiters in the US, Australia, Canada, Hong Kong, South Africa and the UK.

Carl Gilleard, chief executive of the AGR, says: “We are very proud of our role in founding INGRADA and the launch of the INGRADA Global Graduate Survey today is a landmark in AGR’s history.

“The political, economic and cultural environment in which organisations recruit and develop graduates is becoming increasingly global. We believe that the international partnerships we have forged through INGRADA will benefit our growing membership which now stands at close to 800 organisations - many of which are multi-nationals.”