Alistair Jarvis, Chief
Executive of Universities UK, said: “Most university graduates earn significantly
more than non-graduates – on average c£10,000 more a year.
are right to expect value for money and universities are striving to deliver
this and address any concerns. However, salary outcomes shouldn’t be the only
measure of value. Many graduates work in vital roles in the public and
charitable sectors or creative industries that make hugely valuable
contributions to society and enrich our lives. Others set up their own
businesses, with little income in their early years after graduation, but this
does not mean that they are not high achievers.
is irresponsible to discourage people from studying at university when there
are such clear benefits for graduates, business, our public services and
communities. We must not discourage the next generation of teachers,
nurses and entrepreneurs which this country desperately needs.”
on the uses and limits of Longitudinal Education Outcomes (LEO) data is
available on our website.
A recent IFS study showed that
for many people – and women in particular – going to university enhances
both their employability and earnings potential. This is based on
graduate’s earning aged 29.
Universities UK in its
submission to the Augar review has highlighted the real need for those
entering higher education to have the best possible information to help
them choose what and where to study. We have called for the government to
work in partnership with universities, colleges and schools to provide
clear and tailored information to prospective students on the costs and
benefits of higher education.
The creative industries make a
significant contribution to the UK. Creative Industries Federation data
shows that in 2017 our creative industries were worth £101.5bn. The
creative economy accounts for 1 in 11 jobs across the UK.
The UK has a
reputation as the leading creative nation, demonstrated by the Royal
College of Art and the University of the Arts London recently being named
one and two in the QS global rankings of art and design institutions.
The government’s own research
has shown there are a range of benefits, beyond salary, for graduates. Evidence
shows that having a degree means
that graduates are less likely to be unemployed, less reliant on social
security and use fewer NHS resources. They are also more likely to be
engaged in civic and community life, volunteering their time and skills.
All of this is good for students themselves and for the taxpayer.
UK is the collective voice of 136 universities in England, Scotland, Wales
and Northern Ireland. Its mission is to create the conditions for UK
universities to be the best in the world; maximising their positive impact
locally, nationally and globally. Universities UK acts on behalf of
universities, represented by their heads of institution. Visit: www.universitiesuk.ac.uk