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The ‘dull but lucrative’ degrees that will earn you the most money

With student loans leaving UK graduates with debts in the tens of thousands, graduates are under pressure to put their degrees into high-paying jobs as early as possible.

The value for money of a course is increasingly viewed through the lens of expected pay upon completion.

New research has revealed which degrees lead to the highest salaries, with those in the top-ranking degree earning an average of £47,120 five years after leaving university.

The list was dominated by degrees that might not appeal to 18-year-olds, such as engineering and computer science. In fact, eight different engineering majors ranked in the top 20. Degrees in finance-related areas, such as entrepreneurship and business administration, also featured strongly.

The average university degree leaves graduates with £45,000 in debt, which they will not repay until their salary exceeds £27,295.

Of the 74 courses examined, 60 exceeded the threshold within five years. Around 60% of the courses result in a salary of more than £30,000 in five years.

Adzuna analyzed more than 120,000 resumes to find the jobs graduates hold five years after graduating from university. These were then compared with average salaries.

The report showed that information systems degrees offer the best value for money, with graduates earning £47,120 five years after graduation. Courses in computer engineering (£46,281), petroleum engineering (£45,579) and project management (£44,455) followed.

Adzuna’s Paul Lewis said the graduate job market is at its strongest since the pandemic, adding, “Many industries continue to be desperate for talent and are looking for graduates to fill those gaps.”

A report by the job search engine showed that graduate salaries were up 7 per cent year-on-year to an all-time high of £26,076. In the most competitive sectors, wage rates have reached new heights, with salaries of up to £70,000 on offer.

https://www.telegraph.co.uk/money/consumer-affairs/dull-lucrative-degrees-will-earn-money/ The ‘dull but lucrative’ degrees that will earn you the most money

Russell Falcon

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