Graduates in UK earn more than their peers in most of the countries in the world and the reasons are obvious. Earning a degree in UK is definitely your ticket to land a brighter future and a successful academic career. And if you’re an international student then this is even a better news to you. Employers nowadays have an extended tendency to value degrees conferred abroad over those granted by a degree-granting institution within the country. Furthermore, companies are no longer looking for just degree holders, but candidates who show a high level of abilities and knowledge on the job so you can help them improve their business. Having a British degree will certainly make them go through your CV carefully and treat it with respect. The high-quality education you’ve received will set you aside from the crowd.
At the first step you’ll make out of a British university doorstep, many doors of opportunity will be open to you. No matter what your degree is about or which university awarded it to you there are a bunch of career pathways you can take afterwards. This is true also regardless of where your post-university destination is since British degrees are valued worldwide. Other benefits your education in the UK will bring alongside are financial benefits. A well-paid job is surely the icing on the cake of a British degree. At the end what’s better than an education that gives you the opportunity to find a job you’re passionate about and all this at no cost of your salary.
Not surprisingly the UK is the second most popular study destination in the world hosting over a million foreign students. A large number of new students make their choice of UK as their study destination upon these prospect earnings.
To sum this up, taking a degree in UK is to set yourself in a terrain of unlimited possibilities of highly paid jobs. This is still the case if you haven’t already found what it really suits best to you. You can start seeking a degree in a field you never thought you would choose and the opportunities you’ll have after your decision will make it definitely worth.
If there’s any minor doubt left on you here is a perceivable description of the earnings graduates have in UK.
How much does a graduate in the UK earn?
By definition, a graduate in the UK is a person who is not attending education and who holds a degree in higher education above A level. Just for the sake of knowing in 2017, there were more than 14 million graduates in the UK and the number of them has been increasing steadily in recent years. Despite such enormous number of graduates a higher portion of them, as opposed to their non-graduates peers, have found a higher paid job.
Because in the UK there is a wide range of job opportunities a graduate has the amount one can earn differs based on many factors. These factors include the field the person is holding a degree, the company he is employed at, his prior experience in an internship, age etc.
There is still no official evaluation of what a median salary for a graduate in the UK is in 2018. However, the starting salary on offer by British employers is said to be £30,000 for the fourth consecutive year. Currently, there are nine companies in the British the market that offers entry-level jobs with a salary reaching £45,000. By contrast, only four other employers offer to start job with a salary laying below £20,000.
According to the official data for graduates’ earnings in 2017 graduates who have a degree above the A level earn more than those who have an apprenticeship, those who have an A level qualification or equivalent and those whose qualification is at highest a A* to C grade GCSE or equivalent. To illustrate this we can compare the earnings of a graduate ageing 26. While a graduate at this age earns £25,440 his counterparts with apprenticeship earned £22,512 those with A level qualification earned £18,764 and those with an A* or C level education earned £16,750.
How does the age determine how much a graduate earns in UK?
Now let’s look at the age. As we said above, age is another factor that amounts of graduates versus non-graduates earnings. The reason behind this is surely in your experience because employers are more interested in your skills rather than your degree in some respect. The discrepancy between these two cohorts’ earnings gets bigger as the employees get older and more professional. At a younger age, in an entry-level job, it may happen that a person who has an apprenticeship can earn more than one who has graduated. In 2017 in the UK, a graduate aged 23 earned £19,076 compared to £20,157 that an apprenticeship earned. This happens because usually, an entry-level job is a lower-skilled role. But with the time passing the graduate employee has the chance to climb at a higher position with a more important role and responsibilities and as a result gain more money, whereas an apprenticeship cannot make a significant improvement in terms of his position. At 51, for example, a graduate earns £36,082 per year compared to £27,088 per year that an apprenticeship earns.
The highest paid professions for graduates in the UK
Your earnings as a graduate in the UK differ also in the study field you hold a degree. At some particular study areas where British higher education excels employers seem to lure them with higher salaries.
As a graduate, in UK you’ll have many career pathways to follow and you should be choosing carefully. This is to say, knowing which job suits better for you and which ensures a better earning than others.
Below are some of the highest paid professions in UK in 2018 for graduates:
- Investment banking 47,000
- Law £44,000
- Oil&Energy £35,000
- Retail £35,000
- Consulting £31,500
- Accounting & professional services £30,000
- Banking & finance £30,000
- Consumer goods £30,000
- IT &Telecomunications £30,000
- Media £30,000
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