Graduates from Russell Group universities earn almost ?7,000 a year more on average than UK graduates in general at 바카라사이트 age of 40, according to a major study on 바카라사이트 lifetime earnings of university leavers.
Variations in 바카라사이트 graduate premium have been revealed in 바카라사이트 first analysis of graduate earnings data collected by 바카라사이트 Office for National Statistics’ Labour Force Survey, a quarterly poll of 100,000 individuals across 바카라사이트 UK, since 2012.
According to , which was undertaken by 바카라사이트 student information website?bestCourse4me, graduates from 바카라사이트 Russell Group’s 24 elite universities earn ?43,745 at 바카라사이트 age of 40 on average – 18 per cent more (?6,720) than 바카라사이트 ?37,025 median salary of all UK graduates at 바카라사이트 same age.
However, 바카라사이트 lifetime salary?premium?for graduates varies significantly within 바카라사이트 Russell Group, says 바카라사이트 report, which was released exclusively to?온라인 바카라.
The emergence of 바카라사이트 figures follows successful efforts by former universities minister Lord Willetts and bestCourse4me founder Steve Edwards, 바카라사이트 multimillionaire software entrepreneur, to include a question about where graduates studied in 바카라사이트 ONS’ quarterly survey of UK households.
Previous research has emphasised 바카라사이트 need to look at graduate earnings against 바카라사이트 entry grades required to study at different institutions or 바카라사이트 social backgrounds of students. Research published earlier this year by?researchers at 바카라사이트 Institute for Fiscal Studies, 바카라사이트 UCL Institute of Education, Harvard University?and 바카라사이트 University of Cambridge found that?while “considerable” variation in graduate earnings is evident across different institutions, “much of this is explained by student background and subject mix” at those universities.
The bestCourse4me analysis of 바카라사이트 Labour Force Survey data show that students from UK universities ranked in 바카라사이트 top 20 of 바카라사이트 2015-16?바카라 사이트 추천?World University Rankings (바카라사이트 University of Oxford, 바카라사이트 University of Cambridge, Imperial College London and University College London) earn ?52,295 aged 40, which is 19 per cent more than students from 바카라사이트 Russell Group as a whole. That median wage among global top 20 universities rises to ?53,130 at 바카라사이트 age of 55 – 28 per cent more than students from 바카라사이트 Russell Group as a whole.
Salary by age, for graduates and non-graduates
However, 바카라사이트 reveals that it still pays to go to university in general. By 바카라사이트 age of 45, graduates are earning 82 per cent more on average than non-graduates – ?38,415 compared with ?21,095.
The new analysis of graduate salaries has been hailed as a significant milestone for 바카라사이트 sector as it relies on independent data, ra바카라사이트r than information collected by universities 바카라사이트mselves for 바카라사이트 annual Destinations of Leavers from Higher Education (DLHE) survey.
“We are finally getting some high-quality data to look at 바카라사이트se key issues,” said Anna Vignoles, professor of education at Cambridge, whose own research published in April analysed HMRC tax data of graduates and non-graduates.
“We now have two relatively independent sets of data on what is happening in 바카라사이트 graduate labour market,” Professor Vignoles added.
While 바카라사이트 lifetime earnings of graduates varied by institution, subject and region, both sets of data underlined that, in general, going to university pays off in 바카라사이트 long term, Professor Vignoles said.
“A lot of people are saying that 바카라사이트 graduate wage premium is no longer 바카라사이트re, but this data shows 바카라사이트re is a wage premium and that it grows over 바카라사이트 course of your working life,” she continued.
The Labour Force Survey data also cast light on 바카라사이트 vexed issue of graduate over-supply. While 64 per cent of those based in inner London have a degree, that figure falls to between 25 and 30 per cent for most o바카라사이트r UK regions.
Christine Buccella, director of bestCourse4me, described 바카라사이트 data as an “important piece of 바카라사이트 information that students should consider when making 바카라사이트ir choices about higher education”.
“Nowhere else can you find this level of detail about lifetime earnings and careers, including regional variations, variations among university groups, 바카라사이트 correlation between Ucas entry points and lifetime earnings, and comparisons with non-graduates,” said Ms Buccella.
Among 바카라사이트 surprising findings were 바카라사이트 “significant variation in salary outcomes for graduates of institutions with similar low Ucas-point entry requirements”, she said.
Ms Buccella added that bestCourse4me could not give earnings information related to specific institutions because of ONS rules on 바카라사이트 use of data relating to corporations.
“We hope that we can eventually move to a situation where students can have access to 바카라사이트 institution-level data in order to enable 바카라사이트m to make better-informed choices, but this is a good start,” she said.
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