Graduate pay gap decreases - is uni still worth it?
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Fees may have gone up, but the graduate salary advantage in some subjects has decreased according to a report published by the Complete University Guide. The report reveals that average starting salaries for graduate jobs increased by 11% between 2005 and 2010. Despite this, the advantage over non-graduate employment has decreased in some subjects. Graduates in popular subjects like hospitality, leisure, recreation and tourism saw their earning power compared to their non-graduate counterparts decrease by a dramatic 29% over the five year period. This goes against the general trend, which saw the average graduate pay advantage increase by 25% - from a difference of £5,485 in 2005 to £6,840 in 2010. Yet Dr. Bernard Kingston, principal author of The Complete University Guide, warns that "these figures clearly demonstrate the decline in the graduate premium in certain subjects, and must be a concern to students when choosing what to study at university when tuition fees exceed £8,000 a year in England and Wales.”