Graduates who knuckle down and get a good degree are guaranteed to earn more money than their peers, new research has revealed.<\/p>\n
Data published by the London School of Economics reveals graduates who finish university with a first or a 2:1 earn a better salary than those with a 2:2 or a third.<\/p>\n
According to the research, graduates who were born in 1970 and graduated in 1991 with a first or 2:1 earned 7-9% more in terms of salary, five years after graduating.<\/p>\n
The results also revealed the gap between earnings is only getting bigger as more and more individuals opt for a university education.<\/p>\n
Past research has listed the wage difference between university graduates and those without a degree. However, this research shows the link between earnings and the level of the degree in question.<\/p>\n
\u201cAs more young people obtain degrees, the premium for graduating with a good class of degree increases,\u201d the research states.<\/p>\n
Study authors Robin Naylor and Jeremy Smith of the University of Warwick and Shqiponja Telhaj of the University of Sussex highlighted significant differences between degree outcomes.<\/p>\n
\u201cWe obtain an estimate of a wage premium of 7% – 8% for a good degree [a first or upper second] relative to a lower degree [a lower second or third] at the ages of 30 and 38,\u201d Mr Telhaj added.<\/p>\n
\u201cWe view the estimated premium to be large when we consider that our estimate of the premium for a lower degree relative to A-levels is 11% at age 30.\u201d<\/p>\n
Another interesting fact to come from this research is those who obtain third-class degrees may end up closing the gap created by grade inflation, pushing universities to issue even more high class degrees.<\/p>\n
If you\u2019re considering your options after university, speak with Discovery Graduates today and see what options may be available to you<\/p>\n
How important is a better degree to earning potential?<\/strong><\/p>\n Graduates who knuckle down and get a good degree are guaranteed to earn more money than their peers, new research has revealed.<\/p>\n Data published by the London School of Economics reveals graduates who finish university with a first or a 2:1 earn a better salary than those with a 2:2 or a third.<\/p>\n According to the research, graduates who were born in 1970 and graduated in 1991 with a first or 2:1 earned 7-9% more in terms of salary, five years after graduating.<\/p>\n The results also revealed the gap between earnings is only getting bigger as more and more individuals opt for a university education.<\/p>\n Past research has listed the wage difference between university graduates and those without a degree. However, this research shows the link between earnings and the level of the degree in question.<\/p>\n \u201cAs more young people obtain degrees, the premium for graduating with a good class of degree increases,\u201d the research states.<\/p>\n Study authors Robin Naylor and Jeremy Smith of the University of Warwick and Shqiponja Telhaj of the University of Sussex highlighted significant differences between degree outcomes.<\/p>\n \u201cWe obtain an estimate of a wage premium of 7% – 8% for a good degree [a first or upper second] relative to a lower degree [a lower second or third] at the ages of 30 and 38,\u201d Mr Telhaj added.<\/p>\n \u201cWe view the estimated premium to be large when we consider that our estimate of the premium for a lower degree relative to A-levels is 11% at age 30.\u201d<\/p>\n Another interesting fact to come from this research is those who obtain third-class degrees may end up closing the gap created by grade inflation, pushing universities to issue even more high class degrees.<\/p>\n If you\u2019re considering your options after university, speak with Discovery Graduates today and see what options may be available to you<\/p>\n","protected":false},"excerpt":{"rendered":" Graduates who knuckle down and get a good degree are guaranteed to earn more money than their peers, new research has revealed. Data published by the London School of Economics reveals graduates who finish university with a first or a 2:1 earn a better salary than those with a 2:2 or a third. According to […]<\/p>\n","protected":false},"author":1,"featured_media":8476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_breakdance_hide_in_design_set":false,"_breakdance_tags":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[18],"tags":[],"class_list":["post-3482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-graduate-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/posts\/3482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/comments?post=3482"}],"version-history":[{"count":0,"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/posts\/3482\/revisions"}],"wp:attachment":[{"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/media?parent=3482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/categories?post=3482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/discovery-adr.com\/us\/wp-json\/wp\/v2\/tags?post=3482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}