Are you thinking about where you should apply for university in the UK? Have you ever wondered which university in the UK produces the highest earners after they graduate? In a table recently published by silverdoor.co.uk, it was announced that Imperial College London had the highest paid graduates with an average salary of £29,000. This was almost double the lowest average salary which came from the University of Wales Trinity Saint David in South West Wales at £15,600.
Though several factors influence how successful a person will be after they finish at university, with the prospect of fees being raised, more people might start to make their five choices based on the idea that some degrees are “worth” more than others. In this new table, five out of the ten highest average salaries belonged to students that had graduated from universities based in London - London School of Economics and Political Science, Royal Veterinary College, St George’s and King’s College London. Though it is considerably more expensive to study and live in London, by looking at these recent findings you might decide it'll be worth it in the long run!
There are marked differences in the average salaries of graduates from “The 1994 Group (Loughborough, Bath, Durham, etc.),” “Red Brick (Bristol, Leeds, Liverpool, etc.)” and “Russell Group (i.e. Imperial College, LSE, King’s College London)”. However, the rankings demonstrate that it is not just about where ,geographically, you study that impacts how much you earn after graduation but it is also dependent on which group of university you attend. For example, at the top of the league table for the 1994 Group was Loughborough at £25,000, whereas for the Red Brick it was Bristol at £23,600.
On closer inspection of the universities at the top of the table, it is evident that the degrees which they specialize in are analogous. For example, Imperial College London’s faculties are organised into science, engineering, medicine and business. Similarly, the focus of London School of Economics is in economics, politics and law. More obviously, the Royal Veterinary College in London is one of eight places in the UK where students can train to become a vet. A common aspect, which all three – Imperial, LSE and RVC – share, is that they concentrate on courses like maths, economics, law and medicine. These subjects are known to lead to a higher paying job in comparison to someone pursuing a subject that is more creative i.e. English. This suggests that another criterion that determines a higher average salary is the difference between subjects.
Whilst all experiences of going to university provide a variety of social and intellectual benefits, it is important to consider the financial advantages – especially since obvious discrepancies have emerged between different institutions across the UK.
- By Lili Melvin