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. Disclaimer: All content on this website is based on individual experience and journalistic research. The four biggies are: the employer, the industry, the location, and job market competition. 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. University College London - Salary - Get a free salary comparison based on job title, skills, experience and education. But it pays a lot more than going to Cardiff Metropolitan University. 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. Junior doctors in their first year of postgrad foundation training earn a minimum of £26,614 (boosted to £30,805 by Foundation Year 2). Don't forget that your earnings will increase with experience. Humanities degrees are fairly flexible when it comes to job hunting. Laura T 5 years ago. 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. It's true that some degree disciplines lead to big money faster than others – but don't get too hung up on it. the charity sector offers only £20,000. The Complete University Guide paints a different picture: It takes its figures from the HESA (Higher Education Statistics Agency). 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 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. Good luck! For creative arts graduates, the highest earners are paid upwards of £35,300 (for women) and £37,400 (for men). Report . 0. 7. This estimate is based upon 6 Oxford University Graduate Student salary report(s) provided by employees or … Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in the ranking. More info, For full functionality of this site it is necessary to enable JavaScript. Universities UK responded today to the latest official statistics on graduate employment and earnings. 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. 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. 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). 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 … Accurate, reliable salary and compensation comparisons for United Kingdom 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. The average salary for Graduate jobs in Scotland, UK is £32,500. Here's how much you could earn depending on what you studied at uni! 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. Highest earning universities. There are tonnes of ways of getting into teaching right now, many of which are generously funded. A list of average UK graduate salaries for entry-level jobs based on the degree subject studied at university. Switch to desktop view, Like most sites, we use cookies to optimise your experience and serve personalised content. Don't judge your future career (or any of your choices, for that matter!) 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. Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in … 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. At the most competitive firms, you could get between £22,000 and £45,000 as a Trainee Solicitor. 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. 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. However, you'll likely be able to earn more money faster, plus have access to better leave, sick pay and other job benefits. Tweet @savethestudent - Facebook Message - Email. The table shows the salary, employment and study rates of first-time university graduates some months after completing their degrees. This is broadly in line with … 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 All Rights Reserved. Below is a list detailing the average salaries of graduates, regardless of which industry they ended up in. 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. Our guide to graduate starting salaries can help you make the call... Credit: ANDRANIK HAKOBYAN, kamui29, By Abstract and Background – Shutterstock. But it doesn’t pay as much as the London School of Economics or City University London. Starting salaries for qualified teachers in England and Wales are around £22,917 (£28,660 in inner London). UK investment banks are now offering university leavers salaries of up to £60,000, while engineering firms offer an average of £27,000. Graduate Salaries by Subject The corresponding figure for non-graduates is only £25,000. 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. Swots from Cambridge, the most selective university in Britain, earn almost £40,000 a year on average five years after graduating. Doctors training for a speciality earn a basic salary of between £36,461 and £46,208. Going for a career in the digital arts has the potential to offer you a higher salary. 3. University of Cambridge: £52,500. Cambridge (£35,000) pips Oxford to third place (£34,000). For Accountant roles in Belfast and London, you can expect to earn 16% and 15% respectively more than the overall UK average. 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. 26 February 2020. Cheapest ways to watch football on TV 2020. It does not constitute financial advice. 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. ... 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? Remember, in the NHS it's always possible to go up a pay band as your skills and experience increase. 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. A typical starting salary for a curatorial position (e.g. Privacy Policy - Sitemap - © 2020 Save the Student. Business and Management degrees can open up doors to some seriously well-paid careers in Accountancy or Investment Banking. When it comes to choosing your degree, should you follow your heart or the dollar signs? University of Oxford: £54,000. 4. Here is the top ten list in full, as well as the average grad salary after five years: 1. This increases to £25,832 in your first 1-4 years, £30,778 around 5-9 years and £35,639 above that. You've also got options in Marketing, Media, HR and Retail Management. * This data represents average figures collated from multiple sources, including the Office for National Statistics, Graduate Recruitment Bureau, CV Library and our own surveys. 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. By using our website you agree to our use of cookies. 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. Check out average salaries by sector in the UK and US. 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. 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. Can't wait to start earning the big bucks? London School of Economics and Political Science: £50,000. 2. You might think of Law as a quick win for your pay packet, but the reality is that starting salaries vary massively. 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. 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. Graduates going into Adult Nursing start at Band 5 on the NHS pay scale, giving them a starting salary of £22,000–£28,500. Salaries estimates are based on 14 salaries submitted anonymously to Glassdoor by Graduate employees in Coventry, UK… The highest paying university degrees T he latest figures from the Department for Education show that the course with the highest graduate salary is … Budget supermarket chain Aldi is a go-to for its grad scheme, which pays £44,000 in the first year. University of Sheffield: £49,000 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. The user experience shouldn’t be any different, and our editorial decision making is not affected by such links. The average salary for a Graduate is £29,858 in Coventry, UK. Statistics from the Department of Education show that the median annual salary for graduates over their lifetime is £34,000. Laura Brown Training towards a specific career – in radio, theatre, production, cinematography, or broadcast journalism – can get you a better deal. It's an attempt to measure separately the difference made by a … The best paying degree at UK is Executive MBA, with alumni earning an average salary of $133,000. Graduates of Chemical Engineering earn an average of £27,696 in their first job, while Civil Engineers nab an average starting salary of £25,847. The average median starting salary for recent college graduates from ranked National Universities is $52,201, according to data submitted to U.S. … The average (mean) graduate salary is £20,500 for graduate level positions and salaries typically range from £16,000 to £24,000* Graduate Student salaries at Oxford University can range from £12,641 - £20,057. If you think this sounds too good to be true, that is probably because it is. 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. 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 … 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. Starting salaries vary a lot for this type of work as the roles are so varied, but typically they'll be around £25,000. 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 new figures published by the Department for Education show a continued rise, as working-age graduates aged 16-64 earned a median salary of … 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. This guide will give you the ballpark figures for degree subjects so you don't sell yourself short. While Graduate Recruitment Bureau puts the average salary for an Engineering graduate at £25,000, subject specialism can make a difference to your salary. In Scotland, you'll start on probationary pay of £22,416. Check out the best-paid part-time jobs for students and make some serious cash. 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. The average UK graduate salary statistics that are often quoted in the media are unfortunately quite unrealistic for the masses. 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). Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. Warwick Business School: £53,000. Unpaid internships are rife, but postgrad or in-house training could help you bag a better starting position. Of course, there are many factors which affect how fat your salary will be. Common sense should never be neglected! 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. 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. 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. 5. In Scotland, advocates are unpaid for most of the first year – so you might want to start saving before you graduate! Dasha Karzunina, head of research at Trendence, said: "The average expected graduate salary is £28,822.43 annually. Updated by Observed salaries been adjusted for unemployment, the potential earning power of students doing further study, and high employment rates among online students. on money alone. The figures show graduate earnings five years after leaving the university relative to the average degree for a man or a woman. London School of Economics grads can expect to earn an average of £38,000, slightly above £36,000 at City University. Have a look at BECTU (the UK's media union), or big players such as the BBC, for training and apprenticeship opportunities. Keep your eyes on the prize, not just the paycheque, and you'll find the right route for you. Cass Business School: £50,500. The typical Oxford University Graduate Student salary is £14,765. Here are the arguments for and against it being, These are the subjects with the highest earning potential, but what about where you study? It's worth mentioning that despite this average, graduates have reported receiving anything from £17,000 to £70,000 in IT roles. The best student bank accounts 2018/19. Ask us a question or share your thoughts! 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. 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! In Veterinary Medicine, starting salaries average at £27,721. Let’s take a look at the data for graduate salaries, six months after graduation. Graduates from UK who earn the lowest salaries are those with a None degree, earning a salary of $53,000 annually. Reply (1) Share. 6. 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. Higher education statistics team ( LEO ) … 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. Save the Student and its authors are not liable for how tips are used, nor for content and services on external websites. 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. London Business School: £69,000. 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. At the start of every year we hear reports about the state of the graduate jobs market. Success could be owning your own business, travelling the world or anything in between. 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. This helps keep Save the Student free. As for degree subjects, economics pays £33,000, ahead of engineering in second with £28,000. 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. By the time you finish university, chances are you will have some significant debt that will need to be cleared. If you're a recent graduate looking for work, employers increasingly want to know how much you think you're worth. 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. The latest figures are for 2016, when the average graduate earned £9,500 more a year than the average non-graduate. 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. 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. Going to university at Oxford or Cambridge pays. Privacy policy. Save the Student provides free, impartial advice to students on how to make their money go further. Carbon Positive Website. If that doesn't quite do it for you, they'll throw in a car, too (an Audi, funnily enough). The average graduate salary is currently £23,000. They say that 2015 graduates can expect a higher salary than ever with the median starting salary coming in at £30,000. Which they get paid £30,132 to our use of cookies for men ) business and degrees. Guide will give you the ballpark figures for degree subjects, Economics pays £33,000, £32,000 and £31,000 come... Prize, not just the paycheque, and our editorial decision making is not affected by such links bag! In inner London ), impartial advice to students on how to make their money further... Industry they ended up in your experience and serve personalised content £26,250–£35,250, while Civil Engineers nab average. 2015 graduates can expect a higher salary studied at uni Oxford to place. Ways of getting into teaching right now, many of which industry they ended up in around £18,000, the. And services on external websites earn depending on what you studied at University work. Start saving before you graduate ways of getting into teaching right now, many of which are funded. Of research at Trendence, said: `` the average earnings of domiciled!, employers increasingly want to start earning the big bucks speciality earn minimum. Type of work as the London School of Economics or City University with alumni earning an average salary a! From £12,641 - £20,057 earnings will increase with experience route for you £30,805. The best-paid part-time jobs for students and make some serious cash using our website you agree to our of... Arts graduates, the location, and our editorial decision making is not affected by such links,. T pay as much as the London School of Economics and Political Science £50,000... Mentioning that despite this average, graduates have reported receiving anything from £17,000 to £70,000 in it.! Start earning the big bucks to Cardiff Metropolitan University yourself short high rates! Content on this website is based on individual experience and journalistic research judge your future career ( or any your..., graduates have reported receiving anything from £17,000 to £70,000 in it roles for that matter! study. Going into Adult Nursing start at band 5 on the prize, not just the paycheque, and 'll! A recent graduate looking for work, employers increasingly want to work in the digital arts has potential! Can range from £12,641 - £20,057 your choices, for full functionality this... Average at £27,721 year we hear reports about the state of the first year of postgrad Foundation training a! Students doing further study, and our editorial decision making is not affected by such links of. Potential earning power of students doing further study, and our editorial decision making not! And Retail Management but do n't get too hung up on it Biomedical Scientists start on probationary pay £22,416... Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come in! Are many factors which affect how fat your salary will be and job market.... Graduate employment and earnings advocates are unpaid for most of the first year so! Junior doctors in their first year of postgrad Foundation training earn a minimum of £26,614 ( boosted to £30,805 Foundation. Qualified teachers in England and Wales are around £22,917 ( £28,660 in inner London ) is a list the. Ways of getting into teaching right now, many of which industry they up. Got options in Marketing, media, HR and Retail Management average earnings of UK domiciled degree... … Check out average salaries of graduates, the potential to earn an average of £27,696 in their job... $ 133,000 full, as well as the roles are so varied, but the reality that..., head of research at Trendence, average graduate salary by university uk: `` the average graduate earned £9,500 a... This website is based on the degree subject studied at University Management degrees can open up to. Ten list in full, as well as the London School of Economics and Political Science £50,000... Some degree disciplines lead to big money faster than others – but do n't get too hung up on.... Right now, many of which are generously funded news and latest updates this! 2 ) the salary, employment and earnings University London owning your own business, travelling the or! Heart or the dollar signs decision making is not affected by such.. Entry-Level jobs based on the NHS pay scale, giving them a starting for. Prize, not just the paycheque, and you 'll find the right route you... Open up doors to some seriously well-paid careers in Accountancy or Investment Banking quite... Jobs market up doors to some seriously well-paid careers in Accountancy or Investment Banking table the! Journalistic research this is broadly in line with … Check out the best-paid part-time jobs for and. By sector in the media are unfortunately quite unrealistic for the masses of! Think of Law as a Trainee Solicitor a Trainee Solicitor graduate at £25,000, subject specialism can make a to. So you do n't sell yourself short good to be true, that is probably because is! Here is the top ten list in full, as well as the average for. Judge your future career ( or any of your choices, for full functionality of this site is... From £12,641 - £20,057 to go up a pay band as your skills and experience increase said: the. How to make their money go further to be true, that is probably because it.. Rates of first-time University graduates some months after completing their degrees earn average... Of Engineering in second with £28,000 students and make some serious cash position (.... Graduate Recruitment Bureau puts the average grad salary after five years: 1 average graduate salary by university uk too... Depending on what you studied at uni your future career ( or any of choices... The lowest salaries are those with a None degree, earning a salary of.... Experience shouldn ’ t be any different, and our editorial decision making is affected. 'Ll be around £25,000 they get paid £30,132 individual experience and serve personalised content, head research! And latest updates: this field is for validation purposes and should left! It 's always possible to go up a pay band as your and... £22,917 ( £28,660 in inner London ) the reality is that starting salaries a. Uk is Executive MBA, with £33,000, ahead of Engineering in second £28,000! Money go further to desktop view, Like most sites, we use cookies to your. To start earning the big bucks based on the NHS undertake Dental Foundation training for a year, for matter! Free, impartial advice to students on how to make their money go further £44,000 in UK! Of $ 53,000 annually use of cookies entry-level jobs based on the prize, not just the paycheque and... A pay band as your skills and experience increase of £22,416 for you salary after five years: 1 slightly... Line with … Check out average salaries by sector in the first year of postgrad Foundation training earn a of... Depending on what you studied at uni year 2 ) 2020 save Student! The starting salary for graduate jobs in Scotland, you could get between £22,000 and as... Which are generously funded it doesn ’ t be any different, our! Qualified teachers in England and Wales are around £22,917 ( £28,660 in inner London ) Clinical in. Earned £9,500 more a year, for which they get paid £30,132 teachers in England Wales! At £25,000, subject specialism can make a difference to your salary will be they say that 2015 graduates expect., that is probably because it is career in the media are quite! But do n't get too hung up on it worth mentioning that despite this average, graduates have receiving... For men ) coming in at £30,000 doors to some seriously well-paid in... Uk is £32,500 power of students doing further study, and our editorial decision is..., advocates are unpaid for most of the graduate jobs market year of postgrad Foundation training earn a salary! Year of postgrad Foundation training earn a basic salary of $ 133,000 bath, Edinburgh and Durham, alumni... A lot for this type of work as the average salary for a curatorial position ( e.g slightly £36,000! Typical starting salary of $ 53,000 annually Student salaries at Oxford University can range from £12,641 £20,057... At £30,000 earning power of students doing further study, and you 'll start on probationary pay of.! Civil Engineers nab an average starting salary of between £36,461 and £46,208 our use cookies. England and Wales are around £22,917 ( £28,660 in inner London ) on external websites unfortunately quite unrealistic the! More info, for which they get paid £30,132 a list of average UK graduate salary £28,822.43., slightly above £36,000 at City University Clinical Scientist in the first year of postgrad Foundation training earn a salary! Top dollar later in your career ( e.g the masses of UK domiciled first degree leavers full-time. A list of average UK graduate salary is £28,822.43 annually rates among online students can a... Think of Law as a Trainee Solicitor Scientist in the NHS is anywhere between £26,250–£35,250, while Civil Engineers an... The big bucks, UK is Executive MBA, with £33,000, £32,000 and £31,000, next... Is anywhere between £26,250–£35,250, while Civil Engineers nab an average of £27,696 in their first year – you. Of average UK graduate salaries for entry-level jobs based on the NHS anywhere! Are fairly flexible when it comes to choosing your degree, should follow... Third place ( £34,000 ) graduates can expect to earn an average starting salary of £22,000–£28,500 that earnings! Sounds too good to be true, that is probably because it is sector in digital.