Uni. Or not to Uni? That is the question.

 

With the amount of debt today’s students amass by the end of their degree, parents and schools are – or certainly should be – having practical career discussions with their offspring at an earlier age. And rightly so. Why should these young people saddle themselves with that kind of financial burden, if their further education is not directly linked to practicing their career choice of the future?

That said, we’re certainly not trying to put young adults off from expanding their knowledge and their horizons in the pursuit of fulfilling their potential – they’ll almost certainly acquire knowledge and skills that will help them later in life no matter what the degree. But for those who are undecided; for the young people who are genuinely confused as to whether university is the right thing for them or not (particularly with so many apprenticeships now out there), new research from the world’s largest jobsite, Indeed, may give them food for thought. As it seems there are plenty of careers they can pursue and still make a very decent living.

Indeed analysed the salaries offered by tens of thousands of job adverts to identify five roles open to non-graduates that pay substantially more than the average UK yearly salary of £28,0001. And they are as follows:

These findings also stand up to figures from the Office for National Statistics, which show that 29% of graduates earn less than those who entered work via an apprenticeship rather than a degree.

Mariano Mamertino, EMEA economist at Indeed, comments‘’This data proves that choosing not to go onto university does not automatically mean a lower salary. Although all the roles in our list do require some form of training, they don’t require a degree.

‘’Our figures suggest there is still a ‘graduate premium’, with graduates frequently earning more than those without a degree. But while having a degree typically increases your earning potential, the cost of gaining one is substantial. As a result many school-leavers will be asking themselves whether the sums of doing a degree add up.

‘’Our research should reassure parents and teenagers at the end of exam season that there are numerous routes into study and employment, as apprenticeships look set to play a bigger role in the British labour market.”

Based on ONS figures

 

Wednesday, 28 June 2017

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