Graduates Earn £9,000 More than Non-Graduates

The latest published Graduate Labour Market Statistics has found that graduates faced significantly better employment prospects than non-graduates during the third quarter of 2014 . So, Graduates earn more – but how much more?

Graduates Earn more

It was also found that the median salary for graduates was £31,000, rising to £40,000 for postgraduates – £9,000 more than those without a degree. The survey defined graduates as those whose highest qualification is an undergraduate degree at bachelor’s level, with postgraduates including those with a Masters or PHD. A non-graduate is defined as someone whose highest qualification was below the undergraduate level.

The survey states that 87% of graduates and postgraduates are in employment, compared to 70% of non-graduates. The employment rate for all graduates during the first quarter was higher than it was before the recession in 2008. Of those in employment, 78% of postgraduates and 68% of graduates were found to be working in high skills employment between July and September, compared to just 22% of non-graduates.


  Follow Dovetail on Facebook   Follow Dovetail on Instagram    

Explore more from our blog here...