Politics
IFS research reveals wide variation in lifetime earnings by degree subject; government to cap courses with poor returns
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IFS research reveals wide variation in lifetime earnings by degree subject; government to cap courses with poor returns
New analysis by the Institute for Fiscal Studies shows medicine graduates earn significantly more over a lifetime, while one in four graduates may be worse off financially.
- IFS research finds medicine graduates can earn up to £400,000 more over their lifetime than non-graduates, while subjects including creative arts offer little or negative financial return.
- The Department for Education says it will cap numbers on courses with poorest returns and consult on a minimum English language requirement for student finance.
- Minister for Skills Jacqui Smith said prospective undergraduates should "choose carefully" and that "not all degrees are equal."
- Nick Harrison of the Sutton Trust said university remains "the most reliable route to upward mobility" but noted a chronic shortage of high-quality alternatives.
TopicslaboruniversitiessalariesartsemploymentResearcheconomic-policypostgraduate-studiesgovernment-policysocietysocial-policyeducationeducation-policyScienceeconomyundergraduate-studiesPoliticsCultureImmigrationHealth
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