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Graduate salaries overestimated by students

Published: Thursday, 23 April 2009   Category: Life after graduation

Students have unrealistic expectations of the starting salary for their future graduate jobs, according to a new survey.

Carried out by a PhD student at the University of Southampton, the report looked at 3,000 students predictions of the graduate salary they would be earning in their first job after leaving university.

The report revealed that the students believed they would be earning ten per cent more than the average graduate salary, which stands at £16,455, with some thinking they would be earning £3,000 more than this amount.

John Jerrim, who is responsible for the survey, said: "A university education can bring financial benefits over a graduate's lifetime, along with significant non-monetary gains. However, it is also possible that some young adults enter university with unrealistic aspirations about future income levels."

A recent report commissioned by the government showed that graduate debt had risen by two-thirds since tuition fees were raised in 2005.

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