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University guide reveals the UK’s most lucrative degree

Published: Thursday, 29 September 2016   Category: All Graduate Jobs News

Geology is the most lucrative degree in the UK for students due to a rise in highly paid jobs within the nuclear and oil industries, according to the new Sunday Times Good University Guide.

Those that graduate from Imperial College London’s geology course have the potential to earn the highest starting salaries, earning £73,267 a year on average six months after leaving university.

The amount they can earn surpasses the wages of most engineers and a doctor’s starting salary, meaning graduates could earn half that of the Prime Minister whilst still in their early 20s.

In stark contrast, graduates that study psychology at Liverpool Hope University were found to earn around £12,343, under half of the average UK salary of £27,600.

The findings have coincided with the Department for Education’s push for a higher level of salary data to be available for students, allowing them to make more informed decisions when picking courses.

Good salaries are also available to business studies and computer science graduates, as they are favoured by big companies such as Google.

Modern universities have been found to produce some of the best-paid graduates in the country, with the computer science course at De Montfort University in Leicester finishing tenth in the rankings, showing that graduates can earn an average of £39,129.

Mary Curnock Cook, of the universities admissions service UCAS, said: “Courses in new universities often lead to lucrative careers.”

Unsurprisingly, also appearing in the top ten were Cambridge, Oxford and the London School of Economics.

Alan Smithers, a professor of education at Buckingham University, said: “The new universities have not been able to challenge the traditional universities in the main subject areas like law, so they have had to look for new opportunities.”

Experts insist that students who are expecting to pay £9,000 a year in fees should think very carefully, and study where they can find the best salary on courses that are important to them.

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