12/01/2015 11:23 GMT | Updated 12/01/2015 11:59 GMT

Aldi Offering The Highest Starting Salary For Graduates Outside The City With £42k

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A customer exits an Aldi Stores Ltd. supermarket in the Kilburn district of London, U.K., on Monday, Dec. 22, 2014. German discounters Aldi and Lidl spent twice as much on British advertising as U.K. grocery leader Tesco Plc in the initial buildup to Christmas as they sought to build on market share gains at the seasonal peak. Photographer: Simon Dawson/Bloomberg via Getty Images

Global supermarket discount chain Aldi is offering graduates the highest starting salary outside the City with a whopping £42,000 up for grabs.

The astronomical salary gives investment banks a run for their money - who offer their new starters a wage averaging around £45k.

Research by High Fliers, published in its Graduate Market report, also found more than a quarter of top graduate programmes will pay new recruits more than £34k when they start work. Graduate starting salaries at the UK's leading graduate employers are expected to increase for the second year running, reaching an average of £30,000 for the first time ever.

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The company offering the second highest starting salary outside of the City is the European Commission - at £41,500.

The most generous salaries on offer in 2015 are from investment banks, law firms (£40k), banking and finance firms (£36,500), and oil and energy companies (£32,500).

According to High Fliers, the increase in salaries is not a result of higher tuition fees, but instead a drive to compete with other employers recruiting graduates.