Non-Graduates are Directors - Lifetime salaries by career type and qualification heldTuesday, September 06, 2016 12:00 AM
Chart 4 is a companion for Charts 2 and 3. It shows the average lifetime salaries for people in university groups and non-graduates. The same career categories are used here as were used in Charts 2 and 3. The missing points are due to small sample sizes.
Non-graduates are Directors but they make significantly less than graduate Directors
As mentioned in the analysis about Chart 3, above, non-graduates make up just over 60% of the Managers, Directors and Senior Officials, but when you look at the salaries non-graduates in this career category make, it is significantly less than their graduate counterparts. Non-graduates are making £30,525 on average while graduates in this category earn £46,145. This difference is even starker when you look at the median salary of a global top 25 graduate in this career category – they are making £66,785.
It pays to be a graduate in almost all careers
In many of the career categories, graduates can expect to make between 14%-18% more than non-graduates. In two of the categories the salary differences are significant – 51% more for graduates in Managers, Directors and Senior Executives and 39% more for graduates in Sales and Customer Service Professions. There is only one career category where non-graduates earn more than graduates – Process, Plant and Machine Operatives non-graduates make 3% more than graduates in this category.
A Russell Group degree doesn’t always guarantee a higher salary
The salary premium for Russell Group graduates isn't always very much over other university graduates – graduates of University Alliance Group institutions have similar salary outcomes in four of the career categories, and University Alliance graduates earn more than Russell Group graduates in two categories. And although there is a large difference between global top 25 salaries and the rest in the first career category, that difference becomes smaller as you move down through the categories.