HEADLINE FIGURES 213 Considering the people in the UK in 213 who were either women aged between 21 and 59 or men aged between 21 and 64... 19% 6. million had no qualifications or other qualifications 38% were graduates 12. million 31 million were not in education A graduate is classed as a person who left education with a qualification above A level standard 21% were educated to A* to C grade GCSE standard 6.6 million 21% 6.7 million were educated to A level standard
PERCENTAGE OF GRADUATES IN THE POPULATION % 4 35 3 38% 25 2 15 1 5 17% There has been a steady increase in the percentage of graduates in the population since 1992 1992 1994 1996 1998 2 22 24 26 28 21 212
HEADLINE LABOUR MARKET FIGURES April to June 213 Employment Rates Unemployment Rates Inactivity Rates 1 9 8 7 6 5 4 3 2 1 87% Graduate Level 83% 76% A level A* to C GCSE 1 9 8 7 6 5 4 3 2 1 1 2 4% 5% 8% 1 9% Graduate Level A level A* to C GCSE 9 8 7 6 5 4 3 Graduate Level 13% A level 18% A* to C GCSE Standard of the highest qualification a person left education with Graduates were more likely to be employed...... less likely to be searching for work...... and less likely to be inactive.
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INACTIVITY RATES 1992 to 213 % 25 2 Non-graduates aged over 3 Non-graduates aged 21 to 3 15 Graduates out of full-time education for more than 5 years 1 Recent graduates 5 1992 1994 1996 1998 2 22 24 26 28 21 212 Recent graduates are consistently the group with the lowest inactivity rates. This may be related to their relatively low average age. However non graduates aged 21 to 3 are a group with a similar average age but much higher inactivity rates... Recent graduates Non-graduates aged 21 to 3 Average age 25 26 (in 213) % with dependent children (in 213) 9% 41% In 213 non-graduates aged 21 to 3 were more likely to have dependent children and therefore more likely to have been inactive due to looking after their family or home
GRADUATES AND NON-GRADUATES BY THE INDUSTRY THEY WORK IN April to June 213 Considering all graduates and non-graduates in employment: 41% 21% 1% 9% 7% 5% 5% 2% Public Administration, Education & Health Banking & Finance Distribution, Hotels & Restaurants Transport & Communication Manufacturing Construction Energy & water, agriculture Other forestry Services & fishing 22% 14% 22% 1% 13% 5% 1% 3% 41% of graduates in work were concentrated in the Public Administration, Education and Health industry. This contrasts with only 22% of non - graduates
GRADUATES AND NON-GRADUATES BY SKILL LEVEL OF JOB April to June 213 Graduates were more likely to work in high skill posts than non-graduates: Skill level of job High Upper Middle Lower Middle Low Graduates Non-graduates 2 4 6 8 1 per cent The percentage of graduates and non graduates in upper middle skill posts was fairly similar... but there were significant differences in the jobs they did within this category: Graduates tended to be working in: Marketing Finance Human Resources Non-graduates tended to be working as: Carpenters Plumbers Electricians
GRADUATES IN NON GRADUATE ROLES April to June 21 to April to June 213 % 5 4 37% Recent graduates 47% 3 29% 34% Graduates out of full-time education for more than 5 years 2 1 An upward trend is evident, particularly since the 28/9 recession 21 22 23 24 25 26 27 28 29 21 211 212 213
PAY PROGRESSION BY HIGHEST QUALIFICATION Annual wages are calculated as an average wage for each age from 23 to 213, adjusted to 213 earnings levels Average Gross Annual Wage ( ) 4 36 Annual graduate earnings level out at a later age and higher level compared to the other groups Graduates 32 28 24 2 16 Apprenticeship A level* A* to C GCSE** 12 8 4 21 At young ages graduates earn less than those who left education with an apprenticeship 25 29 * or equivalent qualification (excluding apprenticeship) ** or equivalent qualification 33 37 41 45 The decline in average annual wages that occurs as people get older happens at a faster pace for graduates 49 53 57 Age
GRADUATES WITH AN UNDERGRADUATE DEGREE We define graduates as all people who have left education with a qualification above A level standard, this means that not all graduates in this report have an undergraduate degree. 53% of graduates in the UK in 213 held an undergraduate degree EMPLOYMENT RATE BY MAIN SUBJECT OF UNDERGRADUATE DEGREE April to June 213 Medicine Media and Information Studies Subjects related to Medicine Technology Agricultural Sciences Architecture Linguistics, English and Classics Business and Finance Physical & Environmental Sciences Maths or Computer Science Biological Sciences Engineering Social Sciences and Law Education Languages Arts Humanities 84% 95% 2 4 6 8 1 Those with a degree in medicine have the highest employment rate Employment rate (%)
AVERAGE GROSS ANNUAL WAGE BY MAIN SUBJECT OF UNDERGRADUATE DEGREE April to June 213 Medicine Engineering Physical & Evironmental Sciences Architecture Maths and Computer Science Languages Social Sciences and Law Business and Finance Education Agricultural Sciences Biological Sciences Humanities Subjects related to Medicine Technology Linguistics, English and Classics Arts Media and Information Studies 21, 46, 1, 2, 3, 4, 5, Average gross annual wage ( ) Those with a degree in medicine had the highest average gross annual earnings Those with a degree in media or information studies had the lowest average gross annual earnings
RUSSELL GROUP UNIVERSITIES The Russell Group defines themselves as a group that represents 24 leading UK universities 31% of graduates with degrees studied for their undergraduate degree at a Russell Group university Employed Russell Group graduates were more likely to work in a high skilled role...... and therefore earned a higher average hourly wage % in high skill role gross hourly wage ( ) 1 2 8 6 4 67% 53% 16 12 8 18.6 14.97 2 4 Russell Group Non Russell Group Russell Group Non Russell Group This may be related to the percentage of graduates that studied: medicine engineering physical or environmental sciences 25% of Russell Group graduates studied one of these three 14% of non Russell Group graduates studied one of these three These three subject areas are associated with high skill roles and high wages
MALE AND FEMALE GRADUATES April to June 213 EMPLOYMENT RATES Male and female graduates had similar employment rates: % 1 8 89% 86% The employment rate for female graduates was slightly lower because they were more likely to stay out of the labour force in order to look after the family or home 6 % inactive to look after family/home 4 2 Male graduates Female graduates 1% 7%
MALE AND FEMALE GRADUATES SKILL LEVEL OF JOB April to June 213 High Upper Middle Lower Middle Low Male graduates Female graduates 2 4 6 8 1 % Focusing on middle skill jobs, female graduates were more likely to work in lower middle male graduates were more likely to work in upper middle. This may be related to part-time work: % working part time 1 8 6 % working part time 4 32% 8% 32% 2 12% Upper Middle Lower Middle Female graduates were more likely to work part time People in lower middle skill jobs were more likely to work part - time
MALE AND FEMALE GRADUATE EARNINGS April to June 213 On average a male graduate earns 3 more an hour than a female graduate. This may be linked to female graduates being more likely to work in a lower middle skilled role and more likely to work part-time ( ) 2 15 1 5 Average Gross Hourly Pay 17 14 Male graduates Female graduates Subject of degree may also be linked: Top five undergraduate degree subjects in terms of average gross annual pay: 47% of graduates in this subject are male Medicine 46, 93% Engineering 64% Physical & Evironmental Sciences 78% Architecture 77% Maths & Computer Science 34, 1, 2, 3, 4, 5, Average gross annual wage ( ) Focusing on graduates with undergraduate degrees, the graduates in four out of the top five subjects associated with high annual pay were more likely to be male
GRADUATES ACROSS AREAS OF GREAT BRITAIN January to December 212 CONCENTRATION OF GRADUATES Inner London Outer London Scotland South East South West East of England Wales North West Yorkshire & the Humber East Midlands West Midlands North East 6% 45% 41% 4% 37% 36% 33% 33% 32% 31% 3% 29% 6 in every 1 people living in Inner London were graduates 2 4 6 8 1 % GRADUATE UNEMPLOYMENT RATES Outer London Inner London North East Yorkshire and the Humber West Midlands North West Scotland Wales South East East Midlands East of England Inner and Outer London had the highest unemployment rates for graduates This is likely to be related to the low average age of graduates within these areas: Average graduate age Inner London: 34 years Outer London: 38 years All other areas: 4 or over South West 2 4 6 8 1 %