DLHE data confirms the value of a university degree

The 1994 Group of research-intensive universities welcome data compiled by The Complete University Guide showing that the ‘graduate premium’ increased 25% between 2005-10, and that the starting salaries for graduate-level jobs increased 11% over the same period.

Alex Bols, Executive Director of the 1994 Group, said:

“These figures establish that a university degree is more valuable than ever. The advanced skills and knowledge acquired on degree courses prepare graduates to compete in the increasingly competitive global economy. This is one reason why the graduate premium jumped a quarter over the period of study.

“The data also confirms that graduates’ earnings remain resilient in the face of poor economic headwinds. Between 2005-2010, in the midst of the global recession, the graduate premium not only held up, but reached new highs, and for some subjects this premium more than doubled.

“However, these figures must not be taken in isolation. Research shows that the institution of study can have as much impact on graduate earnings as the discipline of study. Research-intensive institutions offer students the opportunity to learn from world class academics working at the bleeding-edge of their field. As competition in the knowledge economic intensifies, the skills acquired on these challenging courses can only remain in high demand.”

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Notes to Editors

1. The analysis by The Complete University Guide will be published today (Monday, March 18 2013) on their website: http://www.thecompleteuniversityguide.co.uk/news/starting-salaries-for-graduate-jobs-fall-for-some-subjects/

2. The 1994 Group represents 11 leading smaller universities. It was founded to promote excellence in research and teaching. According to the most recent assessments, 88% of its members’ research is internationally recognised (RAE 2008) and 88% of its members’ students were satisfied with their university experiences (NSS 2012). In 2011, its members added £1.7bn to the UK economy, fulfilled over 1800 research contracts for business, and held stakes in 34 spin-out companies.

3. 6 of the top 30 universities in the Guardian University Guide 2013 are 1994 Group members; 7 of the top 30 universities in the Complete University Guide 2012 are 1994 Group members; 11 of the UK’s top-ranked research departments are in 1994 members, and all its members have a top-3 rated department for research excellence.

4. The 1994 Group represents Birkbeck, University of London; the University of East Anglia; the University of Essex; Goldsmiths, University of London; the Institute of Education, University of London; Royal Holloway, University of London; Lancaster University; the University of Leicester; Loughborough University; the School of Oriental and African Studies, and the University of Sussex.

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