Getting a Degree in England. Count the Money

Publication Date: 04 May 2019
Author: Kelly Higgins

Graduates in England and Extra Cash. Do They Really Need a Degree?

If you think that spending cash on getting a degree is a meaningless task, you can become familiar with the statistics that have been issued by the educational department in England. Although officials claim that the annual earnings depend on gender, ethnicity, and location, we can say that getting a diploma is really worth it. Despite the stereotypes that are surrounding higher education these days, the data shows that those, who attended university, can hope to receive more lucrative funds.
Graduate students, who have reached the working age, are striving to secure their future investments by earning the salary of £34,000. This is a lot more, compared to the people, who decided not to attend college. They have the wage of £24,000 a year, which is a great pay disparity for the younger generation. There have been studies, proving that you don’t need a degree to start running a company, but experts believe that extending one’s education is important if you are determined to achieve impressive goals while entering the market. The population that is aged 20 to 30 agrees that you have to work a lot to land a position of your dreams, but the non-graduates that are searching for the jobs face harder challenges when applying for the vacancy. They are forced to play rough on a competitive field, and the prospect of pushing their salary higher is a great motivation when entering college.
According to the department of education, an increase in the salary is waiting for those, who have made it their goal to get a degree. It requires an individual to spend time and money, which is a considerable investment. However, the efforts in academia are really paying off when you look at the median salary of graduate students. In 2018, the level of income has increased considerably, reaching the point of £6,000 a year. This is the premium level that has shown us an effective way to apply one’s degree and get rid of the pay disparities on the market. You may doubt the novelty of the approach, but it turns out that the official statistics have been correct. The number of graduates who have become top employees and managed to win a place in the labor market is getting bigger every year. We cannot underestimate the problem of the college fees that need to be paid off as soon as possible, but most of the employers agree that they would rather hire someone with necessary qualifications for the job. Credentials, proving your worth, are also important.

Annual Salaries in the Country. Reducing Pay Gap

If we are talking about the postgraduate number of employees that are receiving the salary of £43,000, the specifications considering gender and race come into account. The ministers state that they are doing everything in their power to prevent the pay gap that exists between male and female workers, representatives of different racial backgrounds and people who are fighting for the adequate level of payment across the country. The bachelor’s degree is basically an invitation for the job regardless of the community you belong to. Lower incomes may come into view if the Asian workers are mentioned, but this is the issue the government is determined to solve in the future.
London is certainly offering the best opportunities for workers, who are searching for a steady income that won’t have an impact on their annual earnings. With the qualifications that are in high demand these days, the disparities in payment can be overcome in the short amount of time. The difference in salaries can define the qualities of the employers on the market, but it should not affect the achievements in the professional sphere with the capital of the UK proposing £39,000 to anyone who is interested. The graduation process may provide the recent students with a lot of opportunities, and it is good to know that the government is taking care of those, who spent cash on getting a degree and gaining knowledge. It can be tedious at times, but the figures do not lie when it comes to the salary rates across the country. The benefits of higher education are obvious. The efforts graduate students have made to receive a degree are surely paying off daily.