Women graduates can earn 3x as much as female non-graduates
A woman with a degree can earn a premium of £13,200, according to a new study by the Institute for Fiscal Studies and Cambridge and Harvard universities.
While a female non-graduate in her early thirties takes home £6,300 median pay, women graduates earn £19,500. For men, graduates earn £25,200 in median income while non-graduates earn £10,700, reports The Telegraph.
In the 10 years after graduation, the top-earning 10% of male graduates take home £55,000 a year, while the highest-paid 10% of women earn more than £43,000, according to the research. It also says graduates tend to be more recession-proof - in the four years after 2007, male graduates saw their earnings drop 14% while non-graduate men's income fell 30p%. For women, graduate income fell 20% and non-graduate by 40%.
The top-earning 1% of male graduates earn £148,000 in the ten years after graduation; among women this is just £89,000.
Jack Britton, a research economist at the IFS, said: "The value of a degree is particularly true for women. A degree provides protection from low income and shields graduates from some of the negative impact of the recent recession."
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