Department for Education
University boosts earnings by around 20% across the country
New figures published for the first time show what graduates earn in all regions across England.
Graduates in all regions of the country earn on average around 20% more than their peers who did not go to university, figures published yesterday (18 July) have revealed.
The Department for Education has published data showing graduate earnings and employment outcomes by region, as part of a drive to make more information available to help prospective students make their choices. The data show that graduates earn a median annual salary of £19,900 one year after graduating, £23,300 after three years, £26,000 after five, and £30,500 after ten years.
On average, by their mid-20s, graduates earn around 20% more than their peers living in the same region who achieved five A*-Cs at GCSE but did not go on to complete a degree-level qualification. The highest difference was for graduates in the South West, who earned 22.2% more than non-graduates, followed by the West Midlands with a 21.1% difference.
It also shows that just under half (49.6%) of students in the 2010/11 graduating cohort chose to study in their home region and of those who studied in a different region, nearly two-thirds (62.4%) were working in their home region five years after graduating.
Universities Minister Chris Skidmore yesterday said:
I am delighted to see graduates across the country are reaping the rewards of going to university through sustained employment and higher salaries, which in turn benefits their local economies.
Discussions about graduate outcomes and earnings should not simply focus on the major cities, so I hope this data will play a key role in highlighting the benefits and the potential that higher education can bring to graduates and regions in the whole country.
Of course, university is not just about earnings potential – it can produce wider cultural and social benefits. We know that higher education can play an important part in driving social mobility, so this will help our understanding of how university can benefit graduates in a way that is relevant to the region.
The aim of our social mobility programmes is to ensure that everyone, no matter their background, has the opportunity to reach their full potential through every stage – from the early years through to higher education.
The publication shows the full cycle of data – showing the region graduates were from, where they studied and where they work after graduation. It is part of the Department’s drive to improve transparency around higher education, ensuring that information about likely earnings, employability and teaching quality is easy to access for everyone going to university.
The Government is also investing in all parts of the UK, from the heart of England through the Midlands Engine to our Northern Powerhouse, to secure the Government’s vision for a country that works for everyone.
The OfS was set up to champion the interests of students and support graduate outcomes, and the Government introduced legislative reforms to improve access and successful participation for disadvantaged groups in higher education. Higher education institutions are currently submitting their plans for improving access and participation to the OfS to implement in 2020-21.
Latest News from
Department for Education
Education Secretary says post-16 options better than ever, as GCSE results released22/08/2019 15:10:00
Entries to EBacc subjects and overall arts subjects have risen, as GCSE results are released today
GCSE entries to arts and core academic subjects rise22/08/2019 12:10:00
Prime Minister and Education Secretary congratulate pupils on GCSE results as more than a fifth of all entries achieve grade 7 or above
Education Secretary visits world-leading research centre21/08/2019 14:25:00
Gavin Williamson sees first-hand how high-quality technical training is boosting skills and jobs
Innovative adult retraining scheme rolled out further20/08/2019 12:10:00
National Retraining Scheme gathers pace as new digital service Get Help to Retrain is rolled out to the West Midlands and North East
Government welcomes more pupils studying science15/08/2019 14:05:00
Pupils up and down the country receive A level results - with entries to STEM subjects increasing for both boys and girls
Education Secretary meets competitors preparing for WorldSkills15/08/2019 12:15:00
Students and apprentices from across the UK will head to Russia to compete against 65 nations in a range of specialist skills
Student Loans Interest and Repayment Threshold Announcement08/08/2019 12:05:00
The Department for Education (DfE) today (08 August 2019) confirmed the annual updates to the Interest Rates and Thresholds of Income Contingent Student Loans and Mortgage Style Student Loans.
Education Secretary meets apprentices on his first visit02/08/2019 15:10:00
Education Secretary Gavin Williamson underlined the vital role of further education and skills on his first visit in post when he met apprentices in Yorkshire