Annex A
LABOUR MARKET
OUTCOMES
- PriceWaterhouseCooper (PWC) research indicates
that the premium for engineering degrees is one of the highest-£243,730
gross additional lifetime earnings compared to two or more A-level
holders; the graduate premium for the average degree is £160,061
according to same paper.[16]
- Other PWC research found the rate of return
to an engineering degree is also one of the highest at 15.5% compared
to 12.1% for the average degree.[17]
- Preliminary internal DIUS analysis based
upon the Longitudinal Destinations of Leavers from Higher Education
data suggests that, three and half years after graduating, Engineers
earn more, on average than other graduates (£25,100 compared
to £22,500 for other graduates).
- The same analysis also suggests that about
one third of Engineering graduates work as Engineers three and
half years after graduating. Another third will work in other
scientific occupations, and the final third will work in non-scientific
jobs.
- In addition, the analysis indicates that
Engineers who work in science occupations tend to earn more, on
average, than Engineers who work in non-science occupations.
16 PricewaterhouseCoopers LLP (2006): Economic Impact
Study: A report produced for a London Higher Education Institution,
unpublished. Back
17
PricewaterhouseCoopers LLP (2005): The economic benefits of
higher education qualification: A report produced by the Royal
Society of Chemistry and the Institute of Physics. Back
|
