Young graduates earn £7,000 more than non-graduates

Young graduates earn £7,000 more than non-graduates
Young graduates earn £7,000 more than non-graduates



The salary gap between young graduates and non-graduates has reached a six-year high, figures show.

Graduates aged between 21 and 30 can expect an average salary of £25,012, while non-graduates of the same age are paid £17,992, a difference of £7,020.

The gap has grown by 10% in the last 12 months and is just £468 short of the previous high in 2009.

The findings from the Department for Business, Innovation & Skills also show that salaries for young graduates are at their highest since comparable records began.

Since 2006, a graduate's average pay has jumped £3,106, or 14%, while non-graduate pay has increased by just £1,352, or 8%.

Young postgraduates enjoy a higher average salary of £28,496. When compared over the same time-frame this group comes out top again, with pay increasing by £4,160 (17%).



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