This blog is designed to keep you up-to-date with Careers Education, Information and Guidance (CEIAG) available locally, nationally and through the school. I’ll be posting information about employment and training opportunities available locally as well as details of open days and useful websites. The world of education, employment and training opportunities is changing rapidly so keep checking in for the latest information.

Mr Cross

Monday, 15 May 2017

What does a Degree get you?

The DfE has recently released its 2016 Graduate Labour Market Statistics report. The main findings are:

  • 87.3% of graduates were employed, compared to 70.4% of non-graduates. 
  • Working age graduates earned on average £9,500 more than non-graduates, while postgraduates earned on average £6,000 more than graduates.  
  • Male and female graduates had similar unemployment rates within the working age population, but male graduates had a higher employment rate and a lower inactivity rate than their female counterparts.
  • Black graduates had lower high-skilled employment rates, higher unemployment rates, lower inactivity rates and lower median salaries than White graduates and Asian graduates. 
  • Degree class appears to have more of an impact for the younger population than overall working age population. Working aged graduates with an upper and lower second degree earned £500 more, on average, than graduates with a first. Young graduates that achieved a first in their degree earned £2,000 and £3,000 more, on average, than those who achieved an upper and lower second, respectively. 
  • STEM graduates on average, had higher employment rates, greater high-skilled employment rates, lower unemployment rates and higher median salaries than the graduate population as a whole. 
  • However, within the working age population, Law, Economics and Management (LEM) graduates earned, on average, £1,000 more than STEM graduates. There is a similar pattern for the young population, with young LEM graduates earning £2,000 more than young STEM graduates.

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