Most Graduates In Full-Time Job
Some 74% of UK graduates are in full time jobs three and a half years after finishing their degrees, research says. Eight out of ten of these were classed as being in graduate-level occupations, by the study for the Higher Education Statistics Agency.
Of those graduates not working full-time, 14% were studying – 9% of whom were also working, 6% worked part-time, 3% were unavailable for work and 2% unemployed. The median salary of UK-based graduates was £23,000. Thos with postgraduate qualifications had the highest median salary of £28,000.
Higher Education Minister Bill Rammell said the research demonstrated graduates did well in the labour market, with 85% satisfied with their career so far. “The research also shows that the average salaries for graduates rise by about 37% in the first three years of their careers.
This, coupled with what we already know – that graduates earn, on average, over their lifetimes about £100,000 more after tax that those with only two A-levels – shows that going on to higher education is indeed one of the best investments a young person can make.”
6th Nov 2007
