探花视频

Graduate salaries fall short of student expectations

A large-scale survey has revealed a wide discrepancy between graduate earnings and what students expect to be paid after they finish university.

Published on
June 20, 2011
Last updated
May 11, 2015

The annual study by Graduate Prospects polled 22,000 graduates who finished their studies between 2000 and 2010 about their experiences in the workplace.

It found that only half (53 per cent) were satisfied with what they earn, with more than three quarters (77 per cent) earning less than 拢30,000.

While salaries varied significantly by profession, solicitors were found to be the highest earners, averaging between 拢35,000 and 拢40,000. They were followed by scientists, engineers and software engineers (averaging between 拢25,000 and 拢30,000).

However, Mike Hill, chief executive of Graduate Prospects, said that even these sums were significantly lower than the salaries many students believed they would earn.

探花视频

ADVERTISEMENT

鈥淓xpectations of what working life will be like and what salary they鈥檙e likely to get can be quite different from the reality,鈥 he said.

鈥淚t was recently reported that a sixth of this year鈥檚 university leavers expect to earn 拢100,000 or more by the age of 30.

探花视频

ADVERTISEMENT

鈥淥ur research shows the reality of today鈥檚 graduate jobs market 鈥 a quarter of graduates earn more than 拢30,000 up to 10 years after completing university and only 7 per cent receive in excess of 拢40,000.鈥

The survey also found that one in seven graduates claim to be working more than 50 hours a week, a figure that rises to one in five for those in London.

john.gill@tsleducation.com

Register to continue

Why register?

  • Registration is free and only takes a moment
  • Once registered, you can read 3 articles a month
  • Sign up for our newsletter
Please
or
to read this article.

Sponsored

Featured jobs

See all jobs
ADVERTISEMENT