Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Britain's highest paying degrees, according to UK graduate salaries

Britain's highest paying degrees, according to UK graduate salaries

In an age where students have to fork out large tuition fees, the courses - like law, business and economics - that result in the highest graduate salaries are becoming increasingly attractive.

With the Oxbridge deadline, as well as that for courses in medicine, veterinary science and dentistry, on the horizon in October, it's time to start weighing up universities options.

While monetary earnings aren't everything in a degree, it's important to know the sorts of graduate salaries you can expect to earn after graduating - and there are some big discrepancies depending on what you choose.

It is certainly true that some courses at top universities can give you some of the highest paying degrees, adding tens of thousands to the average starting salary.

But some of the highest paying jobs actually come from some lesser known institutions, with engineering, computer science and business graduates from a wide variety of universities punching above their weight.

Use the tool below to compare which courses delivered the highest earnings five years after graduating. It contains a couple of entries that are likely to be fairly surprising.

The highest paying university degrees

The latest figures from the Department for Education show that the course with the highest graduate salary is business and management from Oxford University.

Those who graduated from this course after the 2010/11 academic year earned an average £74,100 five years after graduation.

Oxford dominates the top three this year with Computing (£67,900) and Law (£67,200) coming second and third respectively.

Oxbridge and Russell Group courses are reliably found at the top of theses rankings and the same is true this year with business and management at Bath the only non-Russell Group course in the top 10.


What about the highest graduate salary after one year?

While looking at highest paying jobs a year after graduation is not the ideal way of measuring the true earnings of a specific course or institution, we can still glean an indication of a course’s potential.

The most lucrative course is surprising when we look at figures this way. All the big name universities are beaten by a little known institution from east London.

According to figures from the Department for Education, engineering and technology students from Havering College of Further and Higher Education command a higher average salary than graduates of any other course in Britain a year after graduating.

The course had 35 students in 2015-16, with this cohort achieving an impressive median salary of £54,400 in 2015-16.

This is more than £10,000 ahead of The London Institute of Banking & Finance 's business graduates in second place.


Medicine graduates tend to get jobs that pay well

Medicine has retained its title as the degree subject attracting the highest average graduate salary, according to the figures.

While some economics and business courses might bring in the most money individually, the average medicine graduate was earning £46,600 five years after completing their course - the highest of any subject.

At the other end of the spectrum people graduating with creative arts degrees had the lowest average salaries, standing at just £20,600 five years after graduation.


How big an impact does a specific course actually make on earnings?

When looking at graduate salaries it is important to note that many things go into determining the earnings potential of a graduate.

Oxford and Cambridge come at the top end of the table for graduate salaries but a large part of this is due to the fact that they select some of the best students to take their courses. The true extent to which the university has boosted their earning potential is therefore not immediately apparent.

Last year the IFS (the Institute For Fiscal Studies) sought to answer this conundrum by measuring earnings after accounting for things like prior attainment, socioeconomic background, region and ethnicity.

After doing this they concluded that studying at the most prestigious universities did, in fact, result in higher earnings. LSE had the greatest effect and was responsible for a 49 per cent boost in wages for men and 37 per cent for women compared to the average graduate.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×