Should you bother going to uni? List for Life discusses…

With the skyrocket in uni fees and the feeling that more people than ever now have a degree, we’re questioning whether going to uni is worth it. How can you differentiate yourself from the competition if a degree is common currency nowadays? How can you get a high skill job without the years of education and huge debt? 

Here we’re discussing the big questions you are asking about further education.

Image credit: Giphy

Image credit: Giphy

Will you earn more?


Yes, a degree will enable you to earn more. According to The Department for Business, Innovation and Skills, who has published new figures on the graduate labour market, you can expect a higher salary.

  • The average salary for young graduates is £24,000
  • The average salary for young non-graduates is £18,000


Quite a jump right?

Uni

Graduate life for the Jenner sisters isn’t quite the same… (Image Credit: @kyliejenner)

Is the debt worth it?


The shocking truth about this government report is that salaries aren’t increasing. A young graduate back in 2008 was typically earning about £24,000 and it’s the same for young graduates today – £24,000! But the cost of studying is rising, which isn’t being accounted for in salaries. Graduates now come out of uni with £27,000 in tuition fee debt, not to mention the rising cost of bills and rent. Young people are spending more but they aren’t getting this back in terms of a salary when they do find employment.

Is doing a masters the answer?


People with postgraduate qualifications actually have the sort of benefits that used to be given to those with first degrees. Masters are the new degrees – the new point of differentiation. The research showed that those with postgraduate degrees are earning considerably more than graduates.

Image credit: Giphy

Image credit: Giphy

Are non-graduates barred from the jobs reserved for graduates only?


No non-graduates are still finding employment in high skill jobs. The study showed us that –

  • Young graduates – 56% are in high skill jobs and 31% are in medium and low skill jobs
  • Young non-graduates – 17% are in high skill jobs and 54% are in medium and low skill jobs


What do you think? The jury is still out on this one…