Does your university produce top-earning graduates?
Students may face debts of up to £44,000 when they leave university, so it is important to decide whether this looks to be a good investment. New statistics published by salary benchmarking service Emolument Alumni shows how the average salaries of graduates from different universities vary significantly.
Unsurprisingly, Oxford and Cambridge University appear high in the Alumni Rich List, with an average salary in the five years on leaving of £54k and £52k respectively, but graduates from leading business schools take up most of the top positions, with London Business School averaging as much as £16,000 per year more than Oxbridge Universities.
Top entry grades clearly do not always equate to highest post-university earnings. Graduates from the University of Sheffield, which ranks as low as 26th in the university league tables, appear 7th on the Alumni Rich List earning an average of over £49,000. In contrast, Durham University is ranked 5th in the UK by the Complete University Guide, but its graduates appear in 12th place in the Rich List, averaging salaries of £45,000.
The top 20 universities, and the average salaries of graduates within five years of leaving, are as follows:
- London Business School: £69,000
- Oxford University: £54,000
- Warwick Business School: £53,000
- Cambridge University: £52,500
- Cass Business School: £50,500
- LSE London School of Economics: £50,000
- University of Sheffield: £49,000
- Edinburgh University: £48,500
- Imperial College London: £47,000
- University of Birmingham: £46,500
- University of London: £45,500
- Durham University: £45,000
- University of Bath: £43,500
- Aston University: £43,000
- Warwick University: £42,500
- Bristol University: £41,000
- UCL University College London: £40,500
- Loughborough University: £40,500
- University of Leeds: £40,500
- University of Nottingham: £40,000