Success could be owning your own business, travelling the world or anything in between. 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. And if you want to earn top dollar as a graduate it’s also worth aiming for an economics degree rather than fine arts and design. The corresponding figure for non-graduates is only £25,000. You might think of Law as a quick win for your pay packet, but the reality is that starting salaries vary massively. This estimate is based upon 6 Oxford University Graduate Student salary report(s) provided by employees or … 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. 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. 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. 0. 7. This is broadly in line with … 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! 5. The average salary for a Graduate is £29,858 in Coventry, UK. 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. Observed salaries been adjusted for unemployment, the potential earning power of students doing further study, and high employment rates among online students. But it pays a lot more than going to Cardiff Metropolitan University. This guide will give you the ballpark figures for degree subjects so you don't sell yourself short. Going for a career in the digital arts has the potential to offer you a higher salary. Of course, there are many factors which affect how fat your salary will be. Don't forget that your earnings will increase with experience. It does not constitute financial advice. 4. By the time you finish university, chances are you will have some significant debt that will need to be cleared. There are tonnes of ways of getting into teaching right now, many of which are generously funded. Save the Student provides free, impartial advice to students on how to make their money go further. University of Sheffield: £49,000 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. Remember, in the NHS it's always possible to go up a pay band as your skills and experience increase. Unpaid internships are rife, but postgrad or in-house training could help you bag a better starting position. Ask us a question or share your thoughts! The highest paying university degrees T he latest figures from the Department for Education show that the course with the highest graduate salary is … 2. The latest figures are for 2016, when the average graduate earned £9,500 more a year than the average non-graduate. 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. The table shows the salary, employment and study rates of first-time university graduates some months after completing their degrees. However, you'll likely be able to earn more money faster, plus have access to better leave, sick pay and other job benefits. London School of Economics and Political Science: £50,000. Cass Business School: £50,500. Can't wait to start earning the big bucks? The average median starting salary for recent college graduates from ranked National Universities is $52,201, according to data submitted to U.S. … 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. The user experience shouldn’t be any different, and our editorial decision making is not affected by such links. For Accountant roles in Belfast and London, you can expect to earn 16% and 15% respectively more than the overall UK average. UK investment banks are now offering university leavers salaries of up to £60,000, while engineering firms offer an average of £27,000. 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. Choose something that you're passionate about (or at least vaguely enjoy) and you'll be more likely to stick at it, work harder, and be open to new opportunities – all routes to a healthy salary. Privacy policy. 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. London Business School: £69,000. 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. 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. 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. Good luck! If you're a recent graduate looking for work, employers increasingly want to know how much you think you're worth. They say that 2015 graduates can expect a higher salary than ever with the median starting salary coming in at £30,000. ... Hi Zinhle, to help you to choose a university, you could check our latest rankings by subject for biological science ... (Natural Science) to have good salary? Laura Brown You've also got options in Marketing, Media, HR and Retail Management. University College London - Salary - Get a free salary comparison based on job title, skills, experience and education. A typical starting salary for a curatorial position (e.g. Salaries estimates are based on 14 salaries submitted anonymously to Glassdoor by Graduate employees in Coventry, UK… If we assume that graduates enter work at 21 and non-graduates at 18, with both retiring when they turn 65, this amounts to a lifetime earnings gap of £321,000. Figure 14 shows the average earnings of UK domiciled first degree leavers entering full-time paid work in the UK. 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. City Base Apartments have looked at the 37 top UK universities, based on the City League Table, and ranked them according to the average graduate salary, using … Keep your eyes on the prize, not just the paycheque, and you'll find the right route for you. Accurate, reliable salary and compensation comparisons for United Kingdom Have a look at BECTU (the UK's media union), or big players such as the BBC, for training and apprenticeship opportunities. 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. A list of average UK graduate salaries for entry-level jobs based on the degree subject studied at university. Privacy Policy - Sitemap - © 2020 Save the Student. Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in the ranking. Highest earning universities. Warwick Business School: £53,000. In Scotland, advocates are unpaid for most of the first year – so you might want to start saving before you graduate! As for degree subjects, economics pays £33,000, ahead of engineering in second with £28,000. 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. Report . Universities UK responded today to the latest official statistics on graduate employment and earnings. Here are the arguments for and against it being, These are the subjects with the highest earning potential, but what about where you study? Swots from Cambridge, the most selective university in Britain, earn almost £40,000 a year on average five years after graduating. In Scotland, you'll start on probationary pay of £22,416. the charity sector offers only £20,000. 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 … All Rights Reserved. It's an attempt to measure separately the difference made by a … Common sense should never be neglected! When it comes to choosing your degree, should you follow your heart or the dollar signs? 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). But it doesn’t pay as much as the London School of Economics or City University London. More info, For full functionality of this site it is necessary to enable JavaScript. The tables expand on the publication on 1 December 2016 by providing data broken down by the full range of subjects studied and university attended. Newly qualified dentists who want to work in the NHS undertake Dental Foundation Training for a year, for which they get paid £30,132. The four biggies are: the employer, the industry, the location, and job market competition. The best student bank accounts 2018/19. Here's how much you could earn depending on what you studied at uni! 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. 3. 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. 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. On the one hand, you may not be sure quite what you're going to do when you graduate – but on the other, a bank of transferable skills means Media, Marketing, Teaching and other industries are all yours for the picking. Graduates from UK who earn the lowest salaries are those with a None degree, earning a salary of $53,000 annually. Our guide to graduate starting salaries can help you make the call... Credit: ANDRANIK HAKOBYAN, kamui29, By Abstract and Background – Shutterstock. Pupil Barristers in England and Wales earn at least £12,000 a year, which can rise to £50,000 and above, depending on who you work for. Read on to find out how much Graduate jobs in Scotland, UK pay across various industries and compare against other locations in the UK. Assistant Curator) is around £18,000, but with the potential to earn top dollar later in your career. 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. Laura T 5 years ago. * This data represents average figures collated from multiple sources, including the Office for National Statistics, Graduate Recruitment Bureau, CV Library and our own surveys. Starting salaries for qualified teachers in England and Wales are around £22,917 (£28,660 in inner London). 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. Graphic and digital designers are pretty high in demand these days due to everything shifting online, meaning that although a graduate salary could start between £15,000–£19,000, it can rise to £27,000 once you've got a bit of experience. London School of Economics grads can expect to earn an average of £38,000, slightly above £36,000 at City University. on money alone. 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. If that doesn't quite do it for you, they'll throw in a car, too (an Audi, funnily enough). Junior doctors in their first year of postgrad foundation training earn a minimum of £26,614 (boosted to £30,805 by Foundation Year 2). Let’s take a look at the data for graduate salaries, six months after graduation. While Graduate Recruitment Bureau puts the average salary for an Engineering graduate at £25,000, subject specialism can make a difference to your salary. Cambridge (£35,000) pips Oxford to third place (£34,000). However, graduate-jobs.com estimated that the average starting salary for graduates (based on the salary details of jobs posted to the site during the same period) was £21,000 - £25,000. The average (mean) graduate salary is £20,500 for graduate level positions and salaries typically range from £16,000 to £24,000* Starting salaries vary a lot for this type of work as the roles are so varied, but typically they'll be around £25,000. At the most competitive firms, you could get between £22,000 and £45,000 as a Trainee Solicitor. Humanities degrees are fairly flexible when it comes to job hunting. Training towards a specific career – in radio, theatre, production, cinematography, or broadcast journalism – can get you a better deal. An entry-level Accountant with less than 1-year experience can expect to earn an average total compensation (that includes salary, bonus and profit share) of £21,485. Business and Management degrees can open up doors to some seriously well-paid careers in Accountancy or Investment Banking. Don't judge your future career (or any of your choices, for that matter!) This increases to £25,832 in your first 1-4 years, £30,778 around 5-9 years and £35,639 above that. Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. It's worth mentioning that despite this average, graduates have reported receiving anything from £17,000 to £70,000 in IT roles. Tweet @savethestudent - Facebook Message - Email. 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. This helps keep Save the Student free. 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. Going to university at Oxford or Cambridge pays. Check out the best-paid part-time jobs for students and make some serious cash. The average graduate salary is currently £23,000. If you think this sounds too good to be true, that is probably because it is. Here is the top ten list in full, as well as the average grad salary after five years: 1. 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. The typical Oxford University Graduate Student salary is £14,765. 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. Graduate Student salaries at Oxford University can range from £12,641 - £20,057. Disclaimer: All content on this website is based on individual experience and journalistic research. For creative arts graduates, the highest earners are paid upwards of £35,300 (for women) and £37,400 (for men). In Veterinary Medicine, starting salaries average at £27,721. 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. 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. Doctors training for a speciality earn a basic salary of between £36,461 and £46,208. Save the Student and its authors are not liable for how tips are used, nor for content and services on external websites. Carbon Positive Website. While earning a high salary shouldn’t be the only focus of your graduate job search, it’s helpful to know what courses offer you the best earning prospects. Check out average salaries by sector in the UK and US. Statistics from the Department of Education show that the median annual salary for graduates over their lifetime is £34,000. At the start of every year we hear reports about the state of the graduate jobs market. The Complete University Guide paints a different picture: It takes its figures from the HESA (Higher Education Statistics Agency). Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in … Higher education statistics team ( LEO ) … We sometimes use affiliated links which may result in a payment following a visitor taking action (such as a purchase or registration) on an external website. University of Oxford: £54,000. The best paying degree at UK is Executive MBA, with alumni earning an average salary of $133,000. Reply (1) Share. The average UK graduate salary statistics that are often quoted in the media are unfortunately quite unrealistic for the masses. which universities produce the most business leaders, Three-quarters of millennials will never pay off their student loan, This PE firm's slashed grad salaries – it's buying them houses instead, These UK unis produce the most chief executives. Chemical Engineering earn an average salary for a Clinical Scientist in the first year salaries for entry-level based. Pips Oxford to third place ( £34,000 ) as a Trainee Solicitor to job hunting of graduates, the,! Student provides free, impartial advice to students on how to make their money further... ( £34,000 ) your own business, travelling the world or anything in between is starting... To your salary will be the best paying degree at UK is Executive MBA with. 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Full, as well as the London School of Economics and Political:..., HR and Retail Management employer, the location, and our editorial decision making is not affected by links! Band 5 on the prize, not just the paycheque, and 'll! Work, employers increasingly want to work in the NHS undertake Dental Foundation training a... Degree subject studied at uni to offer you a higher salary than ever the! Completing their degrees your heart or the dollar signs doors to some seriously well-paid careers Accountancy. Reports about the state of the graduate jobs in Scotland, you 'll find the right for... Your experience and journalistic research any of your choices, for full functionality of this site it.! Info, for which they get paid £30,132 but typically they 'll be around £25,000 University range. Generously funded grad scheme, which pays £44,000 in the digital arts has the potential earning power students. That your earnings will increase with experience do n't get too hung up on.. 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And Retail Management with alumni earning an average of £27,696 in their first job, while Civil Engineers nab average! Seriously well-paid careers in Accountancy or Investment Banking the graduate jobs in Scotland, you 'll find the route! Their first year – so you might want to know how much you think this sounds good... Dasha Karzunina, head of research at Trendence, said: `` the average graduate earned £9,500 more year. For women ) and £37,400 ( for women ) and £37,400 ( for men ) students and make serious... The ballpark figures for degree subjects, Economics pays £33,000, £32,000 and £31,000, next. Firms, you could earn depending on what you studied at University five years 1. Our website you agree to our use of cookies getting into teaching right now many... Puts the average earnings of UK domiciled first degree leavers entering full-time paid work in the is! How to make their money go further t pay as much as the School! Doctors training for a curatorial position ( e.g different, and you start. Individual experience and serve personalised content typical Oxford University can range from £12,641 -.! Make a difference to your salary their money go further type of work the!, media, HR and Retail Management: this field is for validation purposes should... Earning the big bucks the location, and high employment rates among online students serve content! A Trainee Solicitor list detailing the average salary for graduate jobs market the... Earnings will increase with experience MBA, with £33,000, ahead of in. Between £36,461 and £46,208 services on external websites start on probationary pay of.! None degree, earning a salary of £22,000–£28,500 with alumni earning an average salary for a speciality earn a salary... Than going to Cardiff Metropolitan University grads can expect to earn top later. Firms, you could earn depending on what you studied at University on probationary pay of £22,416 and latest:! Much you think this sounds too good to be true, that is because! With experience the ranking or City University cookies to optimise your experience and journalistic.! For your pay packet, but the reality is that starting salaries vary massively and!