Best paying universities and degrees for graduates
In its latest study, Emolument.com analysed 2,400 salaries from graduates (less than 2 years' experience) with a bachelor degree from UK universities to find out which institutions and fields of studies guarantee the best income. Results show that a degree from a top university doubles the rate of pay.
Pay by university
|London School of Economics||1||£38,000|
|City University London||2||£36,000|
|Imperial College London||8||£31,000|
|University College London||12||£29,000|
|King's College London||20||£27,000|
|Queen Mary University of London||26||£26,000|
|University of East London||41||£24,000|
|London Metropolitan University||47||£24,000|
|The Open University||51||£24,000|
|University of East Anglia||52||£24,000|
|University of the West of England||53||£24,000|
|Leeds Metropolitan University||55||£24,000|
|Nottingham Trent University||58||£23,000|
|Canterbury Christ Church University||60||£23,000|
|Sheffield Hallam University||62||£22,000|
|Oxford Brookes University||64||£22,000|
|Birmingham City University||65||£22,000|
|London South Bank University||68||£22,000|
|Manchester Metropolitan University||69||£21,000|
|Southampton Solent University||71||£21,000|
|University of the Arts London||72||£21,000|
|West London University||74||£21,000|
|De Montfort University||75||£20,000|
|Queen's University Belfast||79||£19,000|
|University of Central Lancashire||80||£19,000|
|Anglia Ruskin University||81||£19,000|
|Liverpool John Moores University||83||£19,000|
|Cardiff Metropolitan University||84||£18,000|
*Median Salary & bonus
Twice as good? Highest paid graduates (LSE, at £38,000 per year) earn more than twice as much as lowest paid (Cardiff Metropolitan University - £18,000 per year).
Are all degrees worth it? According to our data, those starting their career without a higher education degree can expect a salary of £19,000 at the beginning of their career, inches from the amount lower paid graduates will earn (graduates from the bottom 10 universities earn less than £20,000). From a solely financial point of view, a degree may not always be worth it.
What is the pay gap between disciplines?
|Management & Strategy||£27,000|
|Mathematics & Statistics||£27,000|
|Accounting, Business & Finance||£27,000|
|Physics, Life Sciences & Healthcare||£27,000|
|Humanities (History, Geography, Politics...)||£25,000|
|Chemistry & Natural Sciences||£23,000|
|Media, Marketing & Communication||£21,000|
|Fine Arts & Design||£19,000|
*Median Salary & bonus
Pick wisely... Regardless of the university, the subject students pick can mean a £14,000 pay difference at the beginning of their career: predictably, economy graduates earn £33,000, while fine arts & design grads only earn £19,000.
Science & business pay more than arts: The 7 best paying majors are all in business, sciences or economics, and offer salaries of up to £33,000 to graduates. Even the best paying art major (modern languages at £26,000) only reaches 9th place out of 15 subjects.
Alice Leguay, Co-founder & COO at Emolument.com said: 'With fees due to increase by over £9,000 this year, and students graduating with over £50,000 of debt on average, it is worth asking if the financial rewards a degree brings are worth the investment. Beyond a hoped-for increase in pay upon graduation, university offers opportunities for friendships, self-development through societies and sports, and a wealth of learning. However, if a degree cannot secure higher pay, it may be that university can no longer be seen as an investment but a boon only available to the well-off.'
Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.