Economics graduates are among the highest earners when compared to other leading degree subjects, according to new research from Emolument.com.
Those who graduate with an Economics degree are set to earn a staggering 40% more than those who major in English Literature.
The figures have been compiled from crowdsourced data – submitted anonymously by 55,000 individuals – which allows undergraduates to explore what their career potential may be depending on the subject they choose.
The in-depth salary reports have revealed interesting insights into earning potential. It also highlights that those who study Economics at degree level can expect to earn 80% more than their peers studying Fine Art.
The report highlighted the average earning salary per course, five years after graduation:
Emolument.com also found that the earning potential of graduates depended greatly on the industries and sectors they enter. For example, those who study Economics, Finance and Maths at university are more likely to find themselves in lucrative careers within the financial services industry.
In contrast, those who studied Humanities and Politics are most likely to follow careers in charities, the public sector and not-for-profit organisations.
Alice Leguay, Co-founder and Chief Operating Officer of Emolument.com, said that young people have a number of “big decisions to make that will affect their lives in both the short and long term”. She added that it is important for graduates to have access to the potential salaries and job roles their degree can lead to.
Are you a recent graduate? We can help you secure the graduate role you've always wanted. Take a look at our latest jobs here...
A series of shocks have hit the UK economy, and economic volatility is rising. You have probably heard that the Bank of England is already concerned we may be in a recession or at least looking at one. Companies in past recessions that emerged in the best shape relied less on redundancies to cut costs […]
Covid-19 turned the world on its head! This has meant virtual lectures, changes to assessments and, unfortunately, a decrease in the amount of graduate jobs available for University students and recent Graduates. The good news is, graduate recruitment is bouncing back! Here are some tips on how you can use the experiences you’ve had in […]
Covid put a lot of things on the backburner for businesses – one of these things was graduate recruitment. If you want to recruit graduates this year but haven’t got round to it yet, it’s time to put the wheels in motion! Trends in the market suggest that organisations need to kick off their graduate […]