Student Living Index June 2015

Transcription

1 Student Living Index 2015 June 2015

2 Methodology and Sample Audience: n=2,486 university students living in the UK n=100 students per university region Panel Provider: YouthSight; experts in student and young professionals research. Objective: Compare current cost of living index by region versus average student cost of living. Understand spending habits and behaviour of students in 2015 compared with 2014 Measure current term time and vacation income Understand university city differences for SLI Understand motivations and expectation s

3 Belfast lead the way being the most economical with their expenditure, oxford are the least so Student Living Index Base: 2014 (2,236), 2015 (2,486) Student Living = average local weekly student expenditure on living and accommodation costs divided by average local weekly income for working students.

4 Belfast jumped from being one of the least economical in 2010 to the most in 2015 Student Living Index Belfast Southampton Nottingham Edinburgh Manchester Dundee Sheffield Reading Glasgow London Plymouth York Liverpool Portsmouth Norwich Brighton Leicester Bristol Newcastle Cardiff Exeter Birmingham Leeds Cambridge Oxford Base: 2,486 Student Living = average local weekly student expenditure on living and accommodation costs divided by average local weekly income for working students.

5 1. INCOME WEEKLY INCOME MOTIVATIONS TO WORK

6 TERM TIME INCOME Base: 2014 (2,236), 2015 (2,486)

7 WEEKLY RENT Base: 2014 (2,236), 2015 (2,486)

8 WEEKLY INCOME AND HOURS SPENT Term time part-time job

9 Most do not have a term-time job. But of those that do, the main motivation is to pay their way through university What is your main motivation for choosing to have a term time job? % 44% 15% 18% 4% 4% 11% 11% 10% 10% 9% 10% 1% 2% 2% 1% To pay my way through university it would be too expensive without additional income To avoid building up debt when I have no guarantee of a job after university To earn some extra money for socialising To earn some To go towards money to my savings spend on travel/holidays The financial implications of the introduction of top-up fees Not applicable no term-time job Other Base: 2014 (2,236), 2015 (2,486)

10 Student loan remains the source of finance which contributes most, with parents the next largest source of income Weekly monetary contribution Base: 2014 (2,236), 2015 (2,486)

11 Little change in how students divide their time, with the majority spent on academic studies, followed by socialising Hours per week Part-time job Academic studies Hobbies/interests Socialising Base: 2014 (2,236), 2015 (2,486)

12 WEEKLY HOURS PART-TIME WORK

13 WEEKLY HOURS ACADEMIC STUDY

14 WEEKLY HOURS HOBBIES/INTERESTS

15 WEEKLY HOURS SOCIALISING

16 2. MOTIVATIONS AND EXPECTATIONS CHOOSING A UNIVERSITY OPINION OF FUTURE PROSPECTS

17 This year, subject choice is now the leading factor when considering a university, followed by academic reputation What is your main motivation for choosing to study at your university? % 39% 37% 32% 9% 9% 5% 7% 5% 3% 2% 2% 2% 2% 5% 5% Subject choice Academic reputation Earning potential It is close enough to home to allow me to live with my parents Social life The cost of living University fees Other Base: 2014 (2,236), 2015 (2,486)

18 Two thirds feel their chosen careers is more important. No change in scores since last year What is more important to you when applying for jobs after university? % 67% 17% 17% 11% 11% 6% 5% Level of pay Passion for chosen career Security of job Amount of training offered Base: 2014 (2,236), 2015 (2,486)

19 Just over half expect to have a job within a year of graduating, although not necessarily the right job. 16% of students expect to have their dream job when they leave university, the same as last year How strong do you think your job prospects are? % 56% 8% 9% 16% 16% 3% 3% 13% 13% 5% 4% I already have a job I expect to have my I expect to have a lined up dream job in the first year after I leave university job in the first year after university but not the right job Base: 2014 (2,236), 2015 (2,486) I plan to set up my own business I don t expect to have a job in the first year after leaving university Other (please specify)

20 3. WEEKLY EXPENDITURE LIVING EXPENSES SPORTS AND HOBBIES

21 LIVING EXPENSES

22 Unsurprisingly, students spend more on groceries than on any other item Weekly expenditure UK student average

23 Weekly Grocery Expenditure

24 Weekly Utilities Expenditure

25 Weekly Eating Out Expenditure

26 Weekly Alcohol Expenditure

27 Weekly Going Out Expenditure

28 Weekly Clothing Expenditure

29 Weekly Travel Expenditure Day to day travel

30 Weekly Phone Bill Expenditure

31 Weekly Longer Distance Expenditure

32 Weekly Books and Course Materials Expenditure

33 Weekly Gym or Sports Membership Expenditure

34 Weekly Music, Film or Gaming Expenditure

35 Weekly Laundry/Dry Cleaning Expenditure

36 Weekly Photocopying/Library Expenditure

37 Weekly Cigarettes Expenditure

38 SPORTS AND HOBBIES

39 On average, students spend more money on gaming than any other activity 7.03 Weekly expenditure UK student average

40 Weekly Gaming Expenditure

41 Weekly Football Expenditure

42 Weekly Swimming Expenditure

43 Weekly Dance Expenditure

44 Weekly Cricket Expenditure

45 Weekly Rugby Union Expenditure

46 Weekly Athletics Expenditure

47 Weekly Tennis Expenditure

48 Weekly Hockey Expenditure

49 Weekly Gymnastics Expenditure

50 Weekly Drama Expenditure

51 Weekly Netball Expenditure

52 Weekly Cheerleading Expenditure

53 Weekly Rugby League Expenditure

54 Weekly Chess Expenditure