City University graduates were earning more on average than those from other London universities five years after graduation, new figures show.
By Marieta Marinova, Data Reporter
City University graduates were earning more on average than those from other London universities five years after graduation, new figures show.
A spokesperson for money website Save the Student said students are now more confident about finding work after leaving university.
Department for Education figures show first degree graduates from City University had a median annual salary of £37,800 in 2021-22, five years after leaving their course.
City University graduates who did courses in business and management were earning the most – £52,900 on average. At the opposite end of the spectrum were their peers graduating with a degree in performing arts, taking home around £24,500 a year.
The average City University salary was 34% higher than the average salary for the 2015-16 cohort graduating from universities in London, which was estimated to be £28,300.
For most providers and subjects, graduate earnings have increased at or above the rate of inflation since 2015-16.
Graduates from almost three quarters of universities had median earnings at least 13% higher in 2021-22 than in 2015-16.
Tom Allingham, communications director at Save the Student said: “On the face of it, this data paints a promising picture for graduates.
“However, it’s worth noting that the dataset only runs to the 2021-22 tax year, and therefore doesn’t include much of the sky-high rates of inflation seen throughout much of 2022 and 2023.”
He said it’s not yet possible to say whether this summer’s graduates will enjoy the same inflation-matching earnings as their predecessors.
“Nonetheless, the future looks bright for many graduates – particularly those from STEM subjects – and perhaps explains why in our own research, the proportion of students confident about finding work after leaving university has increased dramatically in the post-Covid era, up from 38% in 2021 to 58% in 2023,” Mr Allingham added.
The figures also show female graduates from the City University were earning a median salary of £35,400 five years into their career, while men were paid £44,200. It meant men earned 20% more than women.
