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Study reveals graduates earn the big bucks

06 Nov 2007

Study reveals graduates earn the big bucks Some graduates will be earning high-end salaries just three years after graduating, a study has found.

According to figures from the Higher Education Statistics Agency (HESA), one in 30 men and one in 100 women earn in excess of £50,000 a year, within a few years of graduating, reports the Financial Times.

However, the statistic also revealed that 20 per cent of men and over a quarter of women graduates earn less than the £22,000 average, on £17,500 or less in the three years after graduation.

Meanwhile, HESA figures further found the average graduate salary rose to £18,000 in 2006, with the rate of unemployment at three per cent among those asked.

President of the National Union of Students, Gemma Tumelty, told the Guardian newspaper: "The government has consistently justified the introduction of top-up fees with the assumption that graduates will earn considerably more than non-graduates when they leave university, and will therefore be able to pay back huge amounts of debt."

She added that the figures show students do not always earn huge salaries when leaving university and the enormous debt they now rack up puts a huge amount of financial pressure on them.

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