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. 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. Newly qualified dentists who want to work in the NHS undertake Dental Foundation Training for a year, for which they get paid £30,132. Humanities degrees are fairly flexible when it comes to job hunting. This helps keep Save the Student free. In Scotland, advocates are unpaid for most of the first year – so you might want to start saving before you graduate! 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. Cass Business School: £50,500. 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. You might think of Law as a quick win for your pay packet, but the reality is that starting salaries vary massively. 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. 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. Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in … Junior doctors in their first year of postgrad foundation training earn a minimum of £26,614 (boosted to £30,805 by Foundation Year 2). A typical starting salary for a curatorial position (e.g. Common sense should never be neglected! 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. For creative arts graduates, the highest earners are paid upwards of £35,300 (for women) and £37,400 (for men). The average graduate salary is currently £23,000. 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. Keep your eyes on the prize, not just the paycheque, and you'll find the right route for you. Unpaid internships are rife, but postgrad or in-house training could help you bag a better starting position. Going for a career in the digital arts has the potential to offer you a higher salary. University of Cambridge: £52,500. Tweet @savethestudent - Facebook Message - Email. 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. Graduates going into Adult Nursing start at Band 5 on the NHS pay scale, giving them a starting salary of £22,000–£28,500. Figure 14 shows the average earnings of UK domiciled first degree leavers entering full-time paid work in the UK. 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. 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. Save the Student provides free, impartial advice to students on how to make their money go further. 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. 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. As for degree subjects, economics pays £33,000, ahead of engineering in second with £28,000. Check out the best-paid part-time jobs for students and make some serious cash. The Complete University Guide paints a different picture: It takes its figures from the HESA (Higher Education Statistics Agency). University of Oxford: £54,000. They say that 2015 graduates can expect a higher salary than ever with the median starting salary coming in at £30,000. In Scotland, you'll start on probationary pay of £22,416. Save the Student and its authors are not liable for how tips are used, nor for content and services on external websites. Business and Management degrees can open up doors to some seriously well-paid careers in Accountancy or Investment Banking. 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. 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 … 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. Here is the top ten list in full, as well as the average grad salary after five years: 1. 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. The best paying degree at UK is Executive MBA, with alumni earning an average salary of $133,000. Laura T 5 years ago. The average (mean) graduate salary is £20,500 for graduate level positions and salaries typically range from £16,000 to £24,000* 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. 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. The user experience shouldn’t be any different, and our editorial decision making is not affected by such links. 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. Below is a list detailing the average salaries of graduates, regardless of which industry they ended up in. If you're a recent graduate looking for work, employers increasingly want to know how much you think you're worth. London Business School: £69,000. Training towards a specific career – in radio, theatre, production, cinematography, or broadcast journalism – can get you a better deal. It does not constitute financial advice. Graduate Student salaries at Oxford University can range from £12,641 - £20,057. Cambridge (£35,000) pips Oxford to third place (£34,000). the charity sector offers only £20,000. 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. Dasha Karzunina, head of research at Trendence, said: "The average expected graduate salary is £28,822.43 annually. 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. 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. Don't judge your future career (or any of your choices, for that matter!) Higher education statistics team ( LEO ) … Warwick Business School: £53,000. Observed salaries been adjusted for unemployment, the potential earning power of students doing further study, and high employment rates among online students. 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). 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. This guide will give you the ballpark figures for degree subjects so you don't sell yourself short. * This data represents average figures collated from multiple sources, including the Office for National Statistics, Graduate Recruitment Bureau, CV Library and our own surveys. 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! The best student bank accounts 2018/19. Swots from Cambridge, the most selective university in Britain, earn almost £40,000 a year on average five years after graduating. Starting salaries for qualified teachers in England and Wales are around £22,917 (£28,660 in inner London). ... 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? The typical Oxford University Graduate Student salary is £14,765. 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. The average salary for Graduate jobs in Scotland, UK is £32,500. This increases to £25,832 in your first 1-4 years, £30,778 around 5-9 years and £35,639 above that. Ask us a question or share your thoughts! 7. Laura Brown 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. 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. But it doesn’t pay as much as the London School of Economics or City University London. 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. 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. 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). Going to university at Oxford or Cambridge pays. While Graduate Recruitment Bureau puts the average salary for an Engineering graduate at £25,000, subject specialism can make a difference to your salary. This estimate is based upon 6 Oxford University Graduate Student salary report(s) provided by employees or … It's worth mentioning that despite this average, graduates have reported receiving anything from £17,000 to £70,000 in IT roles. Bath, Edinburgh and Durham, with £33,000, £32,000 and £31,000, come next in the ranking. In Veterinary Medicine, starting salaries average at £27,721. The corresponding figure for non-graduates is only £25,000. 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 … University of Sheffield: £49,000 The four biggies are: the employer, the industry, the location, and job market competition. 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. Don't forget that your earnings will increase with experience. London School of Economics and Political Science: £50,000. 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.