Research released today has found that students starting university courses this autumn can expect to graduate owing £23,000. With students awaiting A-level results on Thursday the decision may be a difficult one for many as to whether to continue their studies at University.
Studies have shown that the earning power of a Graduate over their career will be considerably higher but this has been shown to vary by more than £300,000 depending on the discipline studied at University, according to a study by Universities UK. This increasing expected debt combined with news from the Association of Graduate Recruiters Summer Survey of a 24.9% drop in vacancies, is going to present a very difficult choice for many Highers and A Level students.
Jonathan Evans, Managing Director of Discovery Graduates, speaking on BBC Breakfast News commented that “University is not going to be for everyone. There is supportive evidence of Graduates’ future earning power being higher but some people may be better served in apprenticeships or vocational courses. It is a massive emotional and financial investment so is not a decision to be taken lightly.”
Jonathan adds that “companies are looking for employable graduates who have maximised their time at University, have relevant work experience and can demonstrate how these skills can transfer.” Graduates are encouraged to make their work experience count, Evans continues “it is very important that students are the best possible person they can be during their work experience to increase their employability.”