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Grads, are you earning enough?

With the release of the Graduate Labour Market Statistics study, there's good and bad news. 

The good news is that more grads are in work - the lowest level of unemployment in Q1 since 2001. The bad news, however, is that they are earning less.

The study, which is the third of its kind, addresses the January-March quarter of the year and compiled the piece using figures from Labour Force Survey.

The survey found that highly skilled jobs were more commonly filled by grads or postgrads and within these groups 87.5% were in work.

The concern for many graduates now, though, is the fact that this period saw a plunge of £500 in median salary, standing now at £31,000 a year. One shining light, however, is that these earnings are much higher than that of a non-graduate.

Postgrads, on the other hand, have enjoyed an increase of income of £1000, making their median yearly pay stand at £39,000.

So, all in all, it appears that graduates are doing better than if they hadn't completed a degree.

But how is your pay? Let us know on our social media accounts. 

 











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