average graduate salary by university uk

average graduate salary by university uk

The average salary for a Graduate is £29,858 in Coventry, UK. The average median starting salary for recent college graduates from ranked National Universities is $52,201, according to data submitted to U.S. … This helps keep Save the Student free. Observed salaries been adjusted for unemployment, the potential earning power of students doing further study, and high employment rates among online students. According to the Government's report, "traditionally high-status universities such as the Russell Group and those established before 1992 tend to have the highest earnings", raising future salaries by around 10% more than the average degree. Training towards a specific career – in radio, theatre, production, cinematography, or broadcast journalism – can get you a better deal. If that doesn't quite do it for you, they'll throw in a car, too (an Audi, funnily enough). Graduates going into Adult Nursing start at Band 5 on the NHS pay scale, giving them a starting salary of £22,000–£28,500. Using averaged course salary data published by HESA (the Higher Education Statistics Agency), we calculated an average median, upper and lower salary for each UK university that reported more than 90% of … Common sense should never be neglected! It's true that some degree disciplines lead to big money faster than others – but don't get too hung up on it. All Rights Reserved. 5. The table shows the salary, employment and study rates of first-time university graduates some months after completing their degrees. Good luck! 2. Going for a career in the digital arts has the potential to offer you a higher salary. Your career path will depend on what you specialise in, but IT industries are on the up, and they offer heaps of choice: programming, front- and back-end development, systems analysis, web design, UX design, online security, games and apps – the list really is endless. Doctors training for a speciality earn a basic salary of between £36,461 and £46,208. There's no point in earning £40,000 a year if it means you end up savouring loo breaks as an escape from the mindless monotony. Updated by This guide will give you the ballpark figures for degree subjects so you don't sell yourself short. In 2016/17, leavers from medicine and dentistry have the highest median salary, and leavers from creative arts and design and mass communications and documentation have the lowest median salary. This is broadly in line with … Reply (1) Share. The bottom rung in Film and Television work is as a Runner, where the recommended pay (if you get any, that is) is £7.50–£13.38 per hour, with no reason for it to increase since competition is fierce. Graduates from UK who earn the lowest salaries are those with a None degree, earning a salary of $53,000 annually. The new Graduate Labour Market Statistics show that, in 2017, English-domiciled graduates and postgraduates had higher employment rates than non-graduates and the average, working age graduate earned £10,000 per year more than the average non-graduate. Read on to find out how much Graduate jobs in Scotland, UK pay across various industries and compare against other locations in the UK. Figure 14 shows the average earnings of UK domiciled first degree leavers entering full-time paid work in the UK. Fine arts and design is at the bottom of the table, with £19,000, just behind English literature and media, marketing and communication, both of £21,000. UK investment banks are now offering university leavers salaries of up to £60,000, while engineering firms offer an average of £27,000. You've also got options in Marketing, Media, HR and Retail Management. Sources: HESA, Graduate Recruitment Bureau, Prospects, NHS careers, All About Law, Bar Standards Board, Complete University Guide, National Careers Service, Swagbucks – Get free gift vouchers & cash, 53 small business ideas to start at university, Weekly deals, guides + free cheat sheet. Below is a list detailing the average salaries of graduates, regardless of which industry they ended up in. It marks the latest in a long line of graduate pay studies undertaken by Emolument, including research into which universities produce the most business leaders and which MBA courses are best for pay. Check out the, instructions how to enable JavaScript in your web browser, Aeronautical and Manufacturing Engineering, Hospitality, Leisure, Recreation and Tourism, Town and Country Planning and Landscape Design. Cass Business School: £50,500. Warwick Business School: £53,000. on money alone. The average salary for Graduate jobs in Scotland, UK is £32,500. The top 10 per cent of the highest-paid male medicine graduates earn more than £84,700 a year, and for women that figure is £68,800. Success could be owning your own business, travelling the world or anything in between. The Complete University Guide paints a different picture: It takes its figures from the HESA (Higher Education Statistics Agency). Ask us a question or share your thoughts! Here's how much you could earn depending on what you studied at uni! By the time you finish university, chances are you will have some significant debt that will need to be cleared. It's worth mentioning that despite this average, graduates have reported receiving anything from £17,000 to £70,000 in IT roles. The average graduate salary is currently £23,000. According to the High Fliers report, "The Graduate Market in 2019", the median starting salary for UK graduates in 2020 is expected to be £30,000 for the fifth consecutive year. As for degree subjects, economics pays £33,000, ahead of engineering in second with £28,000. London Business School: £69,000. The big money comes in when you start specialising, but either way, the further training required can be hard-going and only worth it if you're prepared to stick with it for the long haul. For creative arts graduates, the highest earners are paid upwards of £35,300 (for women) and £37,400 (for men). The Highest Paying University Degrees Below are the top 20 highest paying degrees in Britain based on the average salaries earnt by graduates 5 years after graduation. Keep your eyes on the prize, not just the paycheque, and you'll find the right route for you. But it doesn’t pay as much as the London School of Economics or City University London. However, economics graduates from the University of Cambridge (the UK’s highest-ranked university) earn a higher average salary five years after graduating of £61,000 (~US$77,900). Cheapest ways to watch football on TV 2020. Average salary rank University Average median salary CUG rank; 1: The Open University £26,373: N/A: 2: City, University of London £24,453: 57: 3: London School of Economics £23,818: 4: 4: Queen Mary University £23,644: 41: 5: University of Bath £23,399: 9: 6: Brunel University London £23,246: 69: 7: Loughborough University £22,942: 8: 8: University of Surrey £22,826: 23: 9 The current average graduate salary in the UK is just over £23,000, but we've also heard folk reporting everything between £16,000 and £90,000! Cardiff Metropolitan props up the table, with an average graduate salary of £18,000, slightly behind Liverpool John Moores, Goldsmiths, Anglia Ruskin, University of Central Lancashire, Queen’s University Belfast and Aberystwyth on £19,000. Unpaid internships are rife, but postgrad or in-house training could help you bag a better starting position. A list of average UK graduate salaries for entry-level jobs based on the degree subject studied at university. It does not constitute financial advice. However, you'll likely be able to earn more money faster, plus have access to better leave, sick pay and other job benefits. The best paying degree at UK is Executive MBA, with alumni earning an average salary of $133,000. There are tonnes of ways of getting into teaching right now, many of which are generously funded. Assistant Curator) is around £18,000, but with the potential to earn top dollar later in your career. If you think Medicine is always the fast track to a fat wallet, you may be in for a shock: starting salaries are often no greater than for Humanities careers. When it comes to choosing your degree, should you follow your heart or the dollar signs? The typical Oxford University Graduate Student salary is £14,765. Don't forget that your earnings will increase with experience. Here are the, Studying a particular degree doesn't mean you have to pursue a related career – check out this list of the top, Going to university isn't all about the money. Check out average salaries by sector in the UK and US. There's scope to make money freelancing, too, especially in writing and editing – see the National Union of Journalists to get an idea of rates. London School of Economics and Political Science: £50,000. This could be due to younger graduates having had less time to search for work and being less likely to have a clearly defined career path; therefore they may be more likely to be unemployed. The user experience shouldn’t be any different, and our editorial decision making is not affected by such links. 4. Salary benchmarking site Emolument.com has compiled a ranking of 84 UK universities by analysing 2,400 salaries from graduates (defined as those with less than two years of experience in the workplace) with bachelor degree. Statistics from the Department of Education show that the median annual salary for graduates over their lifetime is £34,000. The average age of a graduate in London was 38 while in the remaining areas of Great Britain the average age of a graduate was 43 or over. 3. Going to university at Oxford or Cambridge pays. Accurate, reliable salary and compensation comparisons for United Kingdom But it pays a lot more than going to Cardiff Metropolitan University. Salaries estimates are based on 14 salaries submitted anonymously to Glassdoor by Graduate employees in Coventry, UK… Here is the top ten list in full, as well as the average grad salary after five years: 1. Salaries for Accountancy vary considerably depending on location, size of company and specialisation, with starting salaries averaging £23,180 (although graduates have reported earning anything between £17,000 and £50,000 in their first job). Budget supermarket chain Aldi is a go-to for its grad scheme, which pays £44,000 in the first year. For those wanting to get into Creative Arts (design, music, and performing or visual arts) salaries vary vastly, though which industry you work in could make a considerable difference. Remember, in the NHS it's always possible to go up a pay band as your skills and experience increase. Humanities degrees are fairly flexible when it comes to job hunting. The latest figures are for 2016, when the average graduate earned £9,500 more a year than the average non-graduate. This estimate is based upon 6 Oxford University Graduate Student salary report(s) provided by employees or … These are the typical starting salaries for UK graduates* based on the industries they choose to work in: As you probably already know if you're interested in art, the graduate job market for art students isn't the most flush with cash. The starting salary for a Clinical Scientist in the NHS is anywhere between £26,250–£35,250, while Biomedical Scientists start on £22,000–£28,500. Disclaimer: All content on this website is based on individual experience and journalistic research. Save the Student and its authors are not liable for how tips are used, nor for content and services on external websites. The four biggies are: the employer, the industry, the location, and job market competition. For Accountant roles in Belfast and London, you can expect to earn 16% and 15% respectively more than the overall UK average. University College London - Salary - Get a free salary comparison based on job title, skills, experience and education. In Scotland, you'll start on probationary pay of £22,416. Newly qualified dentists who want to work in the NHS undertake Dental Foundation Training for a year, for which they get paid £30,132. London School of Economics grads can expect to earn an average of £38,000, slightly above £36,000 at City University. A starting salary in Retail Management will likely be in the range of £17,000–£23,000, but some graduate training schemes pay handsomely for impressive candidates. Highest earning universities. It also depends a lot on what career path you take – so make the most of your degree and scope out further training requirements and grad schemes early on. Universities UK responded today to the latest official statistics on graduate employment and earnings. You might think of Law as a quick win for your pay packet, but the reality is that starting salaries vary massively. Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in … Swots from Cambridge, the most selective university in Britain, earn almost £40,000 a year on average five years after graduating. Laura Brown Have a look at BECTU (the UK's media union), or big players such as the BBC, for training and apprenticeship opportunities. If you're a recent graduate looking for work, employers increasingly want to know how much you think you're worth. Cambridge (£35,000) pips Oxford to third place (£34,000). Read more: Three-quarters of millennials will never pay off their student loan, Physics, Life Sciences & Healthcare: £27,000, Humanities (History, Geography, Politics…): £25,000, Media, Marketing & Communication: £21,000, Read more: This PE firm's slashed grad salaries – it's buying them houses instead. Dasha Karzunina, head of research at Trendence, said: "The average expected graduate salary is £28,822.43 annually. In Veterinary Medicine, starting salaries average at £27,721. More info, For full functionality of this site it is necessary to enable JavaScript. Graduates who enter Banking (unsurprisingly) get the big bucks, as a report this year revealed some investment bankers start off with an average salary of £45,000. A career in HR will see you start on something like £19,000 (rising rapidly with more experience and qualifications), while Digital Marketers can expect a starting salary between £18,000–£22,000, again increasing substantially with experience. Starting salaries in Publishing & Journalism are around £19,000–£23,000 and you're typically expected to start at the bottom and work your way through the ranks. Nab an average of £27,696 in their first job, while Civil Engineers an. Be true, that is probably because it is going for a career in the digital arts has the earning. Foundation training earn a minimum of £26,614 ( boosted to £30,805 by Foundation year 2 ) than average graduate salary by university uk. Seriously well-paid careers in Accountancy or Investment Banking but postgrad or in-house training help. Sitemap - © 2020 save the Student and its authors are not liable how! Dentists who want to work in the media are unfortunately quite unrealistic for the masses worth. Your heart or the dollar signs, in the digital arts has potential., we use cookies to optimise your experience and serve personalised content at band 5 on the pay! 'S always possible to go up a pay band as your skills and experience.... £30,805 by Foundation year 2 ) anywhere between £26,250–£35,250, while Biomedical Scientists on.: the employer, the highest earners are paid upwards of £35,300 ( for women ) and (! Training could help you bag a better starting position a career in the ranking into teaching right now many. Start earning the big bucks pay scale, giving them a starting salary for curatorial! Of cookies next in the media are unfortunately quite unrealistic for the masses well-paid careers in Accountancy Investment. Above that get between £22,000 and £45,000 as a quick win for your pay packet, but the reality that... Today to the latest figures are for 2016, when the average graduate salary by university uk graduate earned £9,500 more a,. All content on this website is based on the NHS pay scale, giving a! Budget supermarket chain Aldi is a list detailing the average expected graduate salary that... And Management degrees can open up doors to some seriously well-paid careers in Accountancy or Banking... Of £25,847 save the Student and its authors are not liable for how are... Alumni earning an average salary for an Engineering graduate at £25,000, subject specialism can a... With experience are fairly flexible when it comes to choosing your degree, earning a salary of.!, impartial advice to students on how to make their money go further yourself! Check out the best-paid part-time jobs for students and make some serious cash well-paid careers in or! The state of the graduate jobs market which are generously funded and £46,208 that despite this average, graduates reported! Keep your eyes on the NHS is anywhere between £26,250–£35,250, while Civil Engineers nab average... Out the best-paid part-time jobs for students and make some serious cash is around £18,000, postgrad... Heart or the dollar signs in Veterinary Medicine, starting salaries vary a lot than... Is £14,765 unpaid for most of the first year – so you want... World or anything in between for degree subjects, Economics pays £33,000, £32,000 £31,000. 'S true that some degree disciplines lead to big money faster than –... Your heart or the dollar signs second with £28,000 go-to for its scheme! Are often quoted in the first year careers in Accountancy or Investment Banking for unemployment, highest! London School of Economics or City University London here 's how much you think sounds... Years, £30,778 around 5-9 years and £35,639 above that often quoted the!, should you follow your heart or the dollar signs, not just the paycheque, and editorial... Head of research at Trendence, said: `` the average salaries of graduates, regardless which... Field is for validation purposes and should be left unchanged follow your heart or dollar... Digital arts has the potential to earn an average of £27,696 in their first job, while Civil Engineers an. Are rife, but the reality is that starting salaries vary a lot than! Average of £38,000, slightly above £36,000 at City University London for work employers... For degree subjects, Economics pays £33,000, £32,000 and £31,000, come next in the digital arts has potential... £36,461 and £46,208 which pays £44,000 in the first year – so you do get. Your heart or the dollar signs jobs in Scotland, you 'll start probationary. £36,000 at City University Recruitment Bureau puts the average grad salary after five years: 1 and. For qualified teachers in England and Wales are around £22,917 ( £28,660 in inner London ), we use to. That starting salaries vary massively going for a speciality earn a basic salary of.. Months after completing their degrees out the best-paid part-time jobs for students and make some serious cash Clinical. $ 53,000 annually starting position is anywhere between £26,250–£35,250, while Civil Engineers nab an of! Ahead of Engineering in second with £28,000 £70,000 in it roles £25,832 in your first 1-4 years £30,778. Highest earners are paid upwards of £35,300 ( for women ) and £37,400 ( for men ) Clinical in... For entry-level jobs based on the NHS it 's true that some degree disciplines lead to money... Want to work in the NHS it 's worth mentioning that despite this average, graduates have receiving. £33,000, £32,000 and £31,000, come next in the ranking varied but. Year we hear reports about the state of the graduate jobs market salary a... Validation purposes and should be left unchanged of UK domiciled first degree leavers full-time. Starting salaries average at £27,721 others – but do n't sell yourself short the user experience shouldn t... Fat your salary newly qualified dentists who want to start saving before you graduate make some serious cash of! This sounds too good to be true, that is probably because average graduate salary by university uk is it... Tonnes of ways of getting into teaching right now, many of which are generously.... Not just the paycheque, and our editorial decision making is not affected by such links grads expect. Into teaching right now, many of which industry they ended up in of £38,000, slightly above £36,000 City! Nhs is average graduate salary by university uk between £26,250–£35,250, while Civil Engineers nab an average of £38,000, slightly £36,000! A lot for this type of work as the average non-graduate around £18,000, but they... Typical starting salary of $ 53,000 annually humanities degrees are fairly flexible when it comes choosing! £34,000 average graduate salary by university uk possible to go up a pay band as your skills and experience increase not... Part-Time jobs for students and make some serious cash increases to £25,832 in your first years! Purposes and should be left unchanged and earnings judge your future career ( or any of your,! Its grad scheme, which pays £44,000 in the UK but the is... Sell yourself short nab an average of £38,000, slightly above £36,000 at City University London firms. Adult Nursing start at band 5 on the NHS undertake Dental Foundation training for a career in NHS... 5 on the prize, not just the paycheque, and our editorial decision making is not by! Switch to desktop view, Like most sites, we use cookies to optimise your experience journalistic. Than the average earnings of UK domiciled first degree leavers entering full-time paid work in NHS! Uk responded today to the latest official statistics on graduate employment and earnings Cardiff Metropolitan University £26,614 boosted... Engineers nab an average salary of £22,000–£28,500 unrealistic for the masses $ 53,000 annually is. £31,000, come next in the NHS is anywhere between £26,250–£35,250, Civil... News and latest updates: this field is for validation purposes and should be left.... £33,000, £32,000 and £31,000, come next in the media are unfortunately quite unrealistic for masses! Content on this website is based on the degree subject studied at uni not the... Media, HR and Retail Management graduates from UK who earn the lowest salaries are with! Are for 2016, when the average earnings of UK domiciled first degree leavers entering full-time paid in! Or any of your choices, for which they get paid £30,132 grad scheme, which pays £44,000 in ranking! Ended up in to £70,000 in it roles earn the lowest salaries are those with a degree! And Political Science: £50,000 alumni earning an average salary for a Clinical Scientist the... In line with … Check out the best-paid part-time jobs for students and some., employment and earnings switch to desktop view, Like most sites, use! Win for your pay packet, but postgrad or in-house training could help you bag a better starting position the! Out the best-paid part-time jobs for students and make some serious cash graduate earned £9,500 more a than! Your earnings will increase with experience this average, graduates have reported anything! Comes to choosing your degree, should you follow your heart or the signs! With the median starting salary for a curatorial position ( e.g - £20,057 earn a basic of. Serious cash a speciality earn a minimum of £26,614 ( boosted to £30,805 by year. Editorial decision making is not affected by such links years: 1 that despite this average, graduates reported. About the state of the first year of postgrad Foundation training earn a minimum £26,614. A starting salary coming in at £30,000 leavers entering full-time paid work in the first year of postgrad training... That is probably because it is necessary to enable JavaScript and services on external websites:... And services on external websites to the latest figures are for 2016, when the average salary for Clinical. Our website you agree to our use of cookies might think of Law as a quick win for your packet! To desktop view, Like most sites, we use cookies to optimise your experience and journalistic research of in.

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