Graduates Enjoy Higher Employment Rates and Earn £10,000 More

30 Apr 2018

The UK government have just published statistics that show that in 2017, graduates and postgraduates had significantly higher employment rates, and earned significantly more money, on average, than non-graduates. 

Graduates and postgraduates had similar overall employment rates in 2017 (around 87.5% and 87.7%, respectively), compared to 71.1% for non-graduates. In addition, 65.5% of all working-age graduates were employed in work classified as 'high-skilled', and a further 22% in 'low-skilled' work, compared to non-graduates where 49% were employed in 'high-skilled' jobs, and 22.2% in low-skilled jobs.

A greater percentage of non-graduates were working in medium or low skilled employment than graduates or postgraduates across the working age population (77.8% of all working-age postgraduates were employed in high-skilled employment, and 9.9% in low-skilled employment).

In addition, in 2017, the average, working age graduate earned £10,000 more than the average non-graduate, while on average postgraduates earned £6,000 more than graduates. 

In real-world figures this equated to:

Average Annual Median Salary in 2017

  • Postgraduate - £39,000
  • Graduate - £33,000
  • Non-Graduates - £23,000

These figures put into sharp focus the practical value of a degree, and how even in a relatively short period of time, the difference in both the type of job and the pay you can expect to receive can be significant as a result of getting a degree.


You can read the full statistics from the report here.

Check out our Undergraduate Courses, Postgraduate Courses or Prospectus to find your next academic step at LSBM.

 

Stuart Brown
Media and Content Manager

Partners and Accreditations

Get In Touch

  • London School of Business and Management
  • 1 Malet Street, London, WC1E 7JN.