Graduate wages..

SimonDance

Anyone know where I can get statistics on the percentage rise from Graduate to undergraduate wages?

I am trying to research the value of a degree over and above the debt..

Thanks very much,


SI

melancholly

not sure about undergrad salaries but this page from prospects might help show what graduate salaries in different areas are:
http://www.prospects.ac.uk/cms/ShowPage/Home_page/How_much_could_I_earn_/p!ekpFX

SimonDance

Thanks Melancholly, thats just what I was after

saintstreaky

It's important to be careful how you interpret figures on graduate salaries (although to be fair, the Prospects website points this out). Many of the surveys are based on information from the big graduate employers, rather than a cross-section of all graduates, and therefore tends to overstate the graduate premium.

It's also worth bearing in mind that the figures (unless specifically stated otherwise) include London weightings, which (given that those same large graduate employers are often based in London) also biases the average.

cupid_s

I think it really depends on your degree as well. If you're going to do dentistry for example, you are much more likely to be better off afterwards in terns of graduate wage. But several degrees to be honest bring the potential to earn little more (if anything) than you could have got without the degree.

kendra_2

http://www.celre.co.uk/

Blacksheep1979

also you can't just judge it on straight off grad salaries - you will progress up the pay scale quicker with a degree.

DrFluffy

cupid_stunt wrote:

I think it really depends on your degree as well. If you're going to do dentistry for example, you are much more likely to be better off afterwards in terns of graduate wage. But several degrees to be honest bring the potential to earn little more (if anything) than you could have got without the degree.

Starting salaries for med and dent are pants (considering the extra years of study).
My first graduate job (I graduated in the late 90's), paid me £20k pa. When I qualify (med) in 2009 (fingers crossed!), my F1 (new name for PrHO) starting salary (admittedly on current figures) will be around £19,500k pa... No means for overtime to bump up as we have to be European Working Time compliant by 2009.

I realise that the money does increas rather more rapidly than most careers, but that said it will still take me 3 or 4 years post qualification to get up to the same wage I was on when I gave up my life to retrain!