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New research from the Institute for Fiscal Studies (IFS) has highlighted the financial benefits of a university degree, with the average graduate expected to be around £100,000 better off over their lifetime than someone who does not go to university.
According to the study, graduates generally earn up to 15% more across their careers than non-graduates, despite the costs associated with studying at university. The research found that, on average, the financial returns from higher education remain strong, with many graduates benefiting from increased earnings, improved career prospects and greater employment opportunities.
When segmented by age and gender, the findings reveal that most female graduates in their 30s earn up to 56% more than women who did not go to university, while most male graduates in the same age group earn up to 28% more than male non-graduates.
At Leeds Trinity University, students are supported to develop the knowledge, skills and professional experience needed to succeed in a competitive job market. By embedding work placements across its undergraduate and postgraduate provisions, the University ensures students have a range of opportunities to gain relevant industry experience before graduating, leading to 94% of graduates being in employment or further study within 15 months of completing their course.
Professor Charles Egbu, Vice-Chancellor of Leeds Trinity University, said: “These findings demonstrate the lasting impact that higher education can have on people’s lives. While choosing to go to university is a significant decision, the evidence shows that a degree continues to offer substantial benefits over the course of one’s lifetime.
“At Leeds Trinity, we are committed to ensuring students gain not only academic knowledge but also the practical experience and professional skills employers value. Our goal is to support students to achieve their potential and progress to rewarding careers once they graduate.”
Vivienne Stern MBE, Chief Executive of Universities UK said: “The evidence is clear that a university degree still pays off in a big way for the large majority of people – and that the Treasury makes a strong return on investing in students. The graduate premium is holding up, despite growth in the minimum wage and the generally poor performance of the economy which has held back wage growth.”
Leeds Trinity is recognised sector-wide for its leading work to improve graduate outcomes through personalised support, data-led interventions and inclusive placement opportunities. The University was recently shortlisted for two national Graduate Futures awards for excellence in employability and careers support, underpinning its commitment to producing industry-ready graduates.