A Degree of Separation in Earnings
Are university degrees really worth the hassle and potential debt in the current climate? Increased tuition fees, reports of high levels of debt and not enough jobs in the market for graduates is the tune of the pessimists. However, a recent study by lovemoney.com suggests that university graduates can earn as much as £10,000 more than colleagues without a degree by the time they reach their mid-30s.
The research also showed the average expected earnings that each degree can provide. Unsurprisingly medicine and law topped the average earnings chart.
Growth in Earnings
Engineering courses and maths degrees also fetched graduates a tidy average salary. The full list of expected average earnings was taken from data between 2005 and 2007.
Whilst many graduates will point the finger at not reaping these rewards initially, the research showed that, when graduates reach their 30s, there is a noticeable difference between what they earn and colleagues without the equivalent qualifications.
It paints a rosy picture for going to university but potential students should remember that it is an expensive business going to university. This is why it is important to make the most of any opportunities to save a few pennies.
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