Graduates in the UK with degrees in medicine and economics earn significantly higher salaries 10 years on than graduates of other subjects.
After correcting for differences arising from a disparity in entry standards for different subjects, medical graduates earn about £14,000 more at median salary levels than both engineering and technology graduates and law graduates.
The discrepancy is even starker when compared with the lowest earners: graduates of creative arts. Male economics graduates can expect to earn a premium of £14,000 over their creative peers, and female economics graduates earn a staggering £20,000 more at the median level.
The top 10 per cent of the highest-paid male medicine graduates earn more than £84,700 a year, and for women that figure is £68,800. For creative arts graduates, the highest earners are paid upwards of £35,300 (for women) and £37,400 (for men).
The study, carried out by researchers at the Institute for Fiscal Studies (IFS), UCL Institute of Education (IoE), Harvard University and the University of Cambridge, used anonymised tax data and student loan records for UK domiciled students, comparing graduates with those who did not attend university.
- Source: Highest and lowest graduate earners by degree subject in the UK | Times Higher Education (THE)
- Published: April 2016