Your University Degree can decide your Earnings

What you earn, depends on what you learn. Your degree eventually decides your earnings. But students do not consider that when going to university. They choose a subject they like and find out later on what the job market has to offer. Many will become professionals in one shape or another. Some may decide to take up a trade, as it may have worked for their Dad or Mum. Some may become entrepreneurs and that status can lead to extreme wealth – or poverty. There are no guarantees there either.

Professional employment refers to a job or occupation which normally requires a degree. Examples are doctor, lawyer, teacher, pharmacist, civil engineer etc.

Non-professional employment refers to a job or occupation which doesn’t normally require a degree. Examples are road sweeper, retail assistant, gardener or a waiter.

It must be noted that many non-professionals can still earn more than professionals particularly if they have a trade such as plumbers, electricians, top chefs or window fitters.

The professional premium will show you the difference in salaries between graduates and non-graduates.
The professional premium is the pay gap between the mean salary for those entering employment in a professional job, and the mean salary for those starting non-professional employment.

It appears the following subject have the highest professional premium when graduates start out.

(Top 15)
Dentistry
Medicine
General Engineering
Economics
Veterinary Medicine
Chemical Engineering
Electrical & Electronic Engineering
Mechanical Engineering
Aeronautical & Manufacturing Engineering
Physics & Astronomy
Civil Engineering
Mathematics
Building
Computer Science
Social Work

The following subjects have the lowest professional premium and may find friends who did not go to university earning more than them.

(Bottom 15)
Linguistics
Hospitality, Leisure, Recreation & Tourism
Architecture
American Studies
Sports Science
Pharmacology & Pharmacy
Psychology
History of Art, Architecture & Design
Drama, Dance & Cinematics
English
Archaeology
Communication & Media Studies
Music
Art & Design
Optometry, Ophthalmology & Orthoptics

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Here is the Graduate Table of Earnings for 2017.

Subject 2017
Dentistry £31,340
Medicine £30,636
General Engineering £28,649
Economics £28,287
Veterinary Medicine £28,277
Chemical Engineering £27,734
Electrical & Electronic Engineering £27,659
Mechanical Engineering £26,937
Aeronautical & Manufacturing Engineering £26,736
Physics & Astronomy £26,731
Civil Engineering £26,729
Mathematics £26,415
Building £26,304
Computer Science £25,828
Social Work £25,111
Land & Property Management £25,065
Librarianship & Information Management £24,973
Complementary Medicine £24,872
Materials Technology £24,458
Business & Management Studies £24,437
Middle Eastern & African Studies £24,195
Russian & East European Languages £24,191
Politics £23,959
Accounting & Finance £23,818
Philosophy £23,521
Chemistry £23,427
Town & Country Planning and Landscape Design £23,269
Medical Technology £23,080
Iberian Languages £23,057
Nursing £23,057
East & South Asian Studies £22,889
French £22,782
Physiotherapy £22,728
Geology £22,490
History £22,404
Aural & Oral Sciences £22,380
German £22,280
Anatomy & Physiology £22,210
Food Science £22,153
Geography & Environmental Science £22,144
Education £22,002
Marketing £21,968
Italian £21,944
Sociology £21,869
Classics & Ancient History £21,863
Biological Sciences £21,669
Anthropology £21,471
Agriculture & Forestry £21,428
Theology & Religious Studies £21,421
Social Policy £21,137
Law £21,135
Linguistics £21,050
Hospitality, Leisure, Recreation & Tourism £21,012
Architecture £21,004
American Studies £20,645
Sports Science £20,447
Pharmacology & Pharmacy £20,370
Psychology £20,360
History of Art, Architecture & Design £20,329
Drama, Dance & Cinematics £20,238
English £20,186
Archaeology £20,066
Communication & Media Studies £20,017
Music £19,788
Art & Design £19,746
Optometry, Ophthalmology & Orthoptics £16,662

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