Graduates are more likely to earn more than non-graduates!

Graduates are more likely to earn more than non-graduates!

Recent research indicates that there has been a steady increase in the number of graduates in the UK over the past decade and because of this more students are being given the chance to earn more after completing their degree. Not only are graduates earning more but they are more employable then non-graduates. Graduates are more likely to work in high-skilled posts than non-graduates. Therefore, allowing them to earn more as soon as they finish their degree. Furthermore, the chances of obtaining a higher positioned job doubles once you complete your undergraduate degree in all the major sectors such as public administration, education and health industries.
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As students, we have many different worries about starting a University degree, but if you come to Career Resources, we will help guide you from start to finish. As we stated in the other article ‘Thinking of studying further but don’t know where to start?’ there is no age limit to when you want to change your life and finally pursue the career you have wanted.

We at Career Resources pride ourselves on our diversity and equal opportunities; therefore; if you reside anywhere in the UK/EU, we can help you change your life around! We also know how difficult it can sometimes be when English is not your first language, and that is why we have connections with Universities that can offer opportunities to students that have a pre-intermediate or intermediate level of English (even if you have lost your qualifications!).

Now let’s take a look at what you could potentially earn once completing your undergraduate degree by doing one of our courses!

Computing Technologies/IT

Your career path will depend on what you specialise in, but IT industries are on the up and offer heaps of choice: programming, front- and back-end development, systems analysis, web design, UX design, online security, games and apps – the list is endless! Starting salaries vary so much for this type of work as the roles are so varied, but typically they’ll be within the £25,000 range. It’s worth mentioning that despite this average, graduates have reported receiving anything from £17,000 to £70,000 in IT roles!

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Business Management

Business and Management degrees can open up doors to some seriously well-paid careers in Accountancy or Investment Banking. You’ve also got options in Marketing, Media, HR and Retail Management.

The first salary in Retail Management will likely be in the range of £17,000–£23,000, but some graduate training schemes pay handsomely for impressive candidates. For instance, budget supermarket chain Aldi is a go-to for its grad scheme, which pays £44,000 in the first year. If that doesn’t quite do it for you, they’ll throw in a car, too (an Audi, funnily enough)!

Graduates who enter banking may have to put up with a lot of jip, but they certainly get the bucks, as a report this year revealed investment bankers starting with an average salary of £45,000!

Not excluding if you were to open up your own business the amount you can earn is entirely up to you!

Human Resources (HR)

A career in HR will see you start on something like £19,000 (rising rapidly with more experience and qualifications), while Digital Marketers can expect a starting salary between £18,000–£22,000, again increasing substantially with experience.

Accountancy

Salaries for Accountancy vary considerably depending on location, size of company and specialisation, with starting salaries averaging £23,180 (although graduates have reported earning anything between £17,000 and £50,000 in their first job)

Health Sector

A career in the health sector can not only be rewarding to the soul but also, to the pocket. The average salary for Health and Social jobs is £21,000 per year.

The largest employer in the UK healthcare sector is the NHS, which employs more than 1.5 million people – placing it in the top five largest workforces in the world. There are more than 350 different roles available within the NHS.

A significant proportion of the sector’s workforce is in independent healthcare. In addition to their private sector functions, these providers are increasingly contracted to provide services on behalf of the NHS.

Independent healthcare organisations include:

  • Bupa
  • BMI Healthcare
  • Care UK
  • Ramsay Health Care UK
  • Spire Healthcare

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

Also, don’t forget that your earnings will increase with experience. It also depends a lot on what career path you take – so make the most of your degree and scope out further training requirements and grad schemes early on. If you need any help deciding what course would be best for you, why not book an appointment with one of our career experts that will be able to help you decide!

If you find yourself not being able to earn the amount you desire, you can always do the following to try and get the amount you deserve:

  • Research whether the amount you are being offered is in line with the industry standard for this position. There are a range of online resources to help you understand the industry average and what can be considered fair.
  • If you don’t think the salary is fair, you can negotiate, but remember how competitive the graduate job market is.
  • Factor in the location, any perks that accompany the salary and any bonus structures also offered.

Remember, graduate salaries often increase rapidly during the early years of your career. You can expect to see your salary increase after a probation period and when you start to make a valuable contribution to their company.

An investment in knowledge pays the best interest.” – Benjamin Franklin