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The last taboo – How much do you earn?

Published: Wednesday, 18 April 2012   Category: All Graduate Jobs News

Have you graduated recently? Are you curious about the economic reality of the wage you are likely to command? Below is a list of the average earnings in the UK divided into logical categories.

If you are still looking for your first graduate job, remember to firstly check out the average earnings in the UK according to the latest PayScale UK figures.

By degree:
Holders of a Bachelor’s Degree have a salary that ranges from £21,864 to £42,994 on average; whereas Doctorate (PhD) degrees range from £29,880 - £50,401. In terms of specialist areas, science based qualifications are usually better paid than humanities degrees.
 
By gender:
There are few surprises in this category. Women working in the UK are still paid less on average. The total female workforce is paid an average of between £17,834 and £32,374. In contrast, men account for 60% of the total workforce and are paid an average salary that ranges from £22,334 to £44,373.

By experience:
Workers with less than 1 year of working experience are paid an average of £19,622. Those with 1-4 years tend to earn £22,846; with 5-9 years £29,887; with 10-19 years £37,087 and with 20 years or more £39,214. Therefore, if you are not earning quite what you want at the moment, be patient. Experience could turn out to be a huge asset in achieving the wage you really want.

By city:
Again, there are no surprises in this category either: London still remains the British city registering the highest average pay with £33,842. Other main cities and their salaries within UK are Manchester with £25,476; Glasgow with £25,999; Bristol with £27,417; Birmingham with £25,451; Edinburgh with £26,832.

By company size:
Companies with a number of workers ranging from 1 to 9 registered an average of £20,154 pay for their employees. As the figures show, the bigger the company is, the higher the average salary will be. Additional data confirms this view: 10-49 workers £24,522; 50-199 workers £27,213; 200-599 workers £28,834, 600-1999 workers £30,806; 2000-4999 workers £32,475; and 5000-19999 workers £33,915.

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