New Research Shows Graduates Will Earn At Least A Third More

Higher education membership organisation, Universities UK, have been studying the Governments LEO (Longitudinal Education Outcomes) and have just announced that the data shows those attending university will earn significantly more than those who don’t… no matter where in the UK they attended university or where they live.

• By the time they reach 31, graduates earn on average a third more than non-graduates that could have gone to university (between 32-37%).
• Graduates earn nearly twice as much as other employees in some regional sectors – earning 96% more in the accommodation sector in the West Midlands, and 85% more in financial services in the East of England. 
• This money benefits graduates’ wider communities, and the country as a whole – based on recent analysis, graduate skills, are estimated to have an economic impact of £95 billion nationwide in 2021-2.
• There is also a clear trend across the country – that those regions with more graduates are more productive, driving economic growth. 
• The industries of the future, those that the government has set out as driving growth over the next decade, are heavily dependent on graduate skills- including the creative sector (76%), Professional and business services (74%) and life science sector (73%).

By the time they’re ten years out of university, the data shows graduates will be out-performing non-graduates by about a third… even those working in sectors that a degree wouldn’t normally be considered important for, such as the arts and entertainment.

Those of us who work in universities witness the transformative power of higher education every day, and it is compelling to see this borne out so strongly in this analysis. But this data shows something new – universities are anchors for growth right across the UK. As well as contributing to their local area through the money they spend while studying, graduates go on to meet the needs of local industries and to earn more.  This new analysis gives a clear message to government, local and mayoral authorities that thriving universities in every part of the country are central to the prospects for individuals and communities.

Professor Dame Sally Mapstone – President of Universities UK