Quarter of UK graduates are low earners 10 years after university

Aug 14, 2016 by

Survey found quarter of degree-holders who graduated in 2004 earn £20,000 per year, with median earnings at £31,000

One in four graduates in work a decade after leaving university in 2004 is earning only around £20,000 a year, according to a new study.

The Longitudinal Education Outcomes (LEO) dataset is the first of its kind to track higher education leavers as they move from university into the workplace. Its findings are likely to be scrutinised closely by students considering whether to accept a university place when they receive their A-level results.

The low earning power of some graduates has become an increasing concern, as student numbers have boomed in recent years. Earlier this summer the Higher Education Statistics Agency published figures showing that one in four graduates was not in a graduate job six months after receiving a degree.

The LEO survey, which is not adjusted for inflation, reveals that the median earnings for a graduate were £16,500 one year on from when they left university in 2004, increasing to £22,000 after three years and rising to £31,000 in 2014. The lowest quartile of graduate earners fared significantly worse. A year after they graduated in 2004 their median earnings were just £11,500, rising to £16,500 after three years and £20,000 after 10. The average wage in Britain is currently £26,500.

Fears of a huge debt burden upon graduation have already led some potential university recruits to seek alternative career paths.

Source: Quarter of UK graduates are low earners 10 years after university | Education | The Guardian

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.