You are here: Home - Household Bills - News -

Student options: cheaper accommodation or higher salary?

0
Written by:
26/09/2017
Cost-conscious students have a tricky balance: do they go for the university that is cheapest when they are there? Or the one that gives them the best prospects of a good salary when they graduate?

The latest Sunday Times Good University of the Year league table shows those universities with the cheapest accommodation, topped by the University of East Anglia in Norwich, but graduates can expect a starting salary of only £21,000, compared to £30,000 if they studied at Imperial College (which had the 77th most expensive rooms).

The most expensive student costs are, predictably, in London, but the capital also scores highly for graduate starting salaries, notably LSE, UCL and King’s, as well as Imperial. Wales may have some of the lowest costs, but it also has some of the lowest starting salaries, with Aberystwyth University the bottom of the heap with an average starting salary of just £16,000.

Research earlier this year found that the most lucrative degrees, based on median salary after five years are economics and management at Oxford (£71,700), economics at LSE (£55,200), computer science at Imperial College (£51,800), medicine at the University of Glasgow (£49,200) and engineering at the University of Aberdeen (£49,000). And the least? Psychology at Glyndwr University (£16,800) and
modern languages, University of Salford (£16,700). Maybe it is worth paying those extra accommodation costs after all.

Cheapest accommodation

1) University of East Anglia, Norwich

2) Teesside University, Middlesbrough

3) Abertay University, Dundee

4) University of Wales, Trinity St David, Carmarthen

5= University of Cumbria, Carlisle

5= University of Lincoln, Lincoln

7) University of Northampton, Northampton

8= University of Bath, Bath

8= University for the Creative Arts, Farnham

10) University of Surrey, Guildford

Most expensive

117= University of East London, London

117= Middlesex University, London

119) London School of Economics and Political Science, London

120) London Metropolitan University, London

121) City, University of London, London

122) SOAS University of London, London

123) King’s College London, London

124) University of West London, London

125) St George’s, University of London, London

126) Royal Holloway, University of London, Egham

Best graduate salaries

1) Imperial College London, London – 30,000

2) London School of Economics and Political Science, London – 28,500

3) University of Cambridge, Cambridge – 27,000

4= University of Warwick, Coventry – 25,000

4= University of Bath, Bath – 25,000

4= Durham University, Durham – 25,000

4= King’s College London, London – 25,000

4= University College London, London – 25,000

4= Loughborough University, Loughborough – 25,000

4= University of Oxford, Oxford – 25,000

Worst graduate salary

108= Leeds Beckett University, Leeds – 18,000

108= Leeds Trinity University, Leeds – 18,000

108= Liverpool Hope University, Liverpool – 18,000

123) Bangor University, Bangor – 17,800

124) University of Wales, Trinity St David, Carmarthen – 17,500

125= Norwich University of the Arts, Norwich – 17,000

125= Bath Spa University, Bath – 17,000

127) Falmouth University, Falmouth – 16,800

128) Plymouth Marjon University, Plymouth – 16,500

129) Aberystwyth University, Aberystwyth – 16,000

Source: Sunday Times Good University Guide

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2257728-driving-profit
Men pay 27% more for car insurance despite EU gender rules

Men pay an average of £170 more for their car insurance than women – this is despite EU rules which...

Close