Top 10 Lifetime Salaries Based on Degree Subjects
According to new data that has been compiled by BestCourse4Me.com, the following list of degree subjects have resulted in the largest lifetime salaries. The salaries are based on averages calculated from graduates to those aged 65, using salary data from the Office of National Statistics and starting data from the Higher Education Statistics Agency.
Number 10 – Japanese Studies
In a recent survey, Japanese was favoured by UK employers as one of the top foreign languages to have been studied. This sees this degree subject’s average lifetime salary soar high above other degree subjects such as law, which featured just 37th on this list. This is due to the fact that just less than 50% of law graduates actually go on to become successful, well paid lawyers.
Students who study Japanese as a language and/or Japanese literature and culture could potentially reap the benefits of this high average lifetime salary.
Number 9 – Operation Research
Graduates who have studied this degree scheme tend to go on to work in marketing analysis, logistics and business. Lancaster University Management School deem that the subject is “the use of advanced analytical techniques to improve decision making.”
Number 8 – Civil Engineering
Earning nearly £37,000 a year during their careers, graduates of civil engineering are in high demand. Part of the group of subjects known as STEM (science, technology, engineering and maths), this is a subject that will develop a student’s knowledge of designing various different infrastructures.
Number 7 – Industrial Relations
This degree scheme is much sought after by employers as it teaches them how to establish a relationship between labour and management, covering a range of expertise including industrial action, negotiation and bargaining. Working with this degree scheme, graduates can expect to receive a rewarding salary of just over £37,000.
Number 6 – Minerals Technology
Minerals technology offers a somewhat secure degree scheme in relation to employment as high percentages (33%) of students who have studied this course go on to careers in which there are low levels of unemployment and higher levels of employment in older age ranges. These careers include petrochemicals and mining, with a lot of people training as consultants to offer expert advice in these areas.
Some of those who take career paths that are similar to this one can achieve a higher salary of £42,305, which would then establish them at the top of this list.
Number 5 – South Asian Studies
By studying the history, structure, grammatical use and language of South Asia, graduates are providing themselves with much sought after skills within global businesses. As business continues to grow into south Asian and Indian economies, the study of these cultures could result in a very rewarding career and salary.
Number 4 – Chemical, Process & Energy Engineering
Another science/engineering related degree features here, and graduates who find themselves within a chemical engineering role could enjoy a fantastic lifetime salary.
Furthermore, this evident demand for these subjects emphasises the necessity for the government to ensure that more young people are encouraged to study these types of degree schemes. The Lords Science and Technology Committee recently released a report which called for ‘immediate action’ from the government in relation to this.
Number 3 – General Engineering
These broader degree subjects allow for a lot more scope as to what a graduate with this degree goes into; this will vary from things such as civil engineering to nanotechnology to things such as designing more efficient washing machines, software engineering and creating new materials for sports gear.
Number 2 – Architecture
As one of the longest degree schemes, taking seven years to become fully qualified with a DipArch or BArch qualification, it seems only fair that the reward post-degree are as high as they are. The salary that can be obtained once the degree is completed suggests that it is a worthwhile choice for all those budding architects.
Number 1 – Dentistry & Medicine
This is another degree scheme that involves a lot of commitment and dedication to the cause, with many years of training and education to get through. The average lifetime salary of just over £40,000 may seem lower than expected, but this will have taken into account the training period that junior doctors will be under, normally receiving around £22,000.