A study, by researchers from Cambridge and Harvard universities and the Institute for Fiscal Studies has looked at earnings from tax records, student loan repayments and labour force survey returns for 260,000 people across a ten-year period from 1998 to find out the "graduate premium". They concluded that graduates earned £10k-14k more in their early careers than people of a similar age who did not go to university. Male graduates earned on average £29,500 a year after working for 14 years compared with £17,000 for men who did not go to university. For women, average salaries were £21,600 for graduates and £11,000 for non-graduates. The study looked at all non-graduate salaries, which included large numbers of adults on very low pay. [source GTAssociates]Wednesday 30 September 2015
The "Graduate Premium"
A study, by researchers from Cambridge and Harvard universities and the Institute for Fiscal Studies has looked at earnings from tax records, student loan repayments and labour force survey returns for 260,000 people across a ten-year period from 1998 to find out the "graduate premium". They concluded that graduates earned £10k-14k more in their early careers than people of a similar age who did not go to university. Male graduates earned on average £29,500 a year after working for 14 years compared with £17,000 for men who did not go to university. For women, average salaries were £21,600 for graduates and £11,000 for non-graduates. The study looked at all non-graduate salaries, which included large numbers of adults on very low pay. [source GTAssociates]
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