Average salaries for degree-holders have increased slightly but the employment rate has dipped, according to the latest graduate outcomes survey.

Of those who left university in the 2023-24 academic year, 81 per cent were either in paid positions or doing unpaid work, compared with 82 per cent of the 2022-23 cohort and 83 per cent of their 2021-22 peers.

The Higher Education Statistics Agency (Hesa) graduate outcomes data released on 4 June show an increase in the overall median salary of UK graduates in full-time paid employment 15 months after graduation, hitting £30,000, up from £28,500.

Medicine and dentistry graduates recorded the highest median salary (£43,749) while graduates from media, journalism and communications subjects recorded the lowest (£25,938).

Unemployment rose one percentage point, accounting for 7 per cent of responses from the 2023-24 graduates compared with 6 per cent of those a year prior.