Fewer graduates were recruited in 2012 than expected, with entry-level vacancies decreasing by 0.8% since 2011, according to the annual High Fliers survey.
The severest cuts were amongst accounting firms and investment banks; employers in these sectors reduced graduate intake by more than 1,200 places.
Recruitment prospects in 2013 look brighter, however, with most employers expecting to increase graduate recruitment in 2013 by 2.7%. Public sector and engineering will see most improvement.
Teach First is expected to be the top employer of graduates in 2013 with 1,260 vacancies, followed by Deloitte and PwC both recruiting 1,200.
Starting salaries offered by graduate employers remain on average £29,000. With investment banks offering the most generous starting salary at £45,000.