С»ÆÊé

Ahead of results day this Thursday (15 August), Universities UK tracked earnings from the age of 18 to 30 which shows most graduates rapidly catch-up with and overtake non-graduates, with the salary difference increasing throughout their careers. Graduates earn more than non-graduates over the long term and across multiple industries, even after the costs of studying – and higher taxes – are factored in.

С»ÆÊé is in the top 30% of universities in the UK for graduate earnings (measured three years after graduating), and in the top 15% for graduate earnings among universities who take students with similar grades. 

С»ÆÊé is the highest ranked university in the UK for graduate earnings in pharmacology, toxicology and pharmacy courses, and in the top 10% of universities for sport and exercise science courses. Education and teaching courses are in the top 15%, with politics and allied health courses in the top 20%.

Professor Andrew Lloyd, Interim Vice-Chancellor of the С»ÆÊé, said: “These latest statistics show choosing a degree really does pay off and that if you learn more, you’ll earn more throughout your working life. 

“Employability is baked into everything we do at the С»ÆÊé. Our courses are designed with input from employers and professionals, and all our students can do work experience through placements, internships, industry visits and much more. This means our graduates leave with the knowledge and skills employers want, setting them up for successful and rewarding careers.”

The analysis compared earnings for graduates with contemporaries who held the right qualifications to enter higher education but opted to seek employment instead. The new figures, based on government data linking student and tax records, show that on average:

• Graduates overtake those who chose not to go university within just a few years, earning at least 20% more once they are in their mid-20s. By age 30, graduates typically earn 37% more than non-graduates, and the gap is even higher (38 %) for those from economically deprived areas
• Once over thirty, the salary gap continues to widen considerably, although the difference is lower for women.
• Graduates aged over thirty are more likely to be in work, and far less likely to be claiming benefits, than those without a degree.
• On average, graduate earnings are above £40,000 across all regions of the UK 10 years after graduation, and above £50,000 in London.

Professor Dame Sally Mapstone, President of Universities UK, commented: “With the potential to significantly increase earnings wherever you live or sector you work in – including the arts and media – this data clearly demonstrates that salary growth for graduates is a marathon, not a sprint.”

“It is crucial we do not lose sight of the many ways graduates find meaning and fulfilment in their careers beyond just their salary. However, this new analysis will be welcome for students, graduates and prospective students who have chosen to invest in their education. We hope today’s news will encourage more people to take a degree, either after A-levels, as an apprentice or later in life.”

On average, earnings for graduates are higher over time regardless of socio-economic background. Graduates from a free school meals background will typically earn over a third more than non-graduates from the same background by the age of 30.

In the south-east, those who has the right qualifications to enter higher education but opted to seek employment instead are four times more likely to be claiming out-of-work benefits by age 30.