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New law graduates earn less money than social studies, education and business studies graduates

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15

£20,000 a year average makes it one of lowest salaries

New data has revealed law is one of the lowest paid degree subjects of all, in the first six months after graduation anyway.

The Higher Education Statistics Agency has released a whole host of facts and figures about the destination of 2015/2016 graduates. Collated in January 2017, the data shows the mean salary for those who entered full-time employment in the UK after graduation, and for lawyers it’s £20,000.

Compared to other graduates, this is pretty low. Only four subjects scored lower; they are: biological sciences (£18,500), mass communications (£18,500), languages (£19,500) and creative arts (£18,000). Pay for graduates of either agriculture or historical and philosophical studies are also set to rake in annual earnings of £20,000 six months after graduating, but every other subject came out higher.

This may shock readers who assume a law degree is a safe bet for a lucrative career, but it is of course worth mentioning not all graduates are instantly snapped up by employers. The data shows just 46% of law graduates headed straight for full-time UK employment; 33% moved into further study (the Legal Practice Course (LPC), for example) while 10% opted for a hybrid of the two. Five percent of recent law graduates were, in January 2017, unemployed.

It’s worth noting at this stage the differences between male and female graduates exemplified by this data, and that women made up about two thirds of 2015/2016 graduates. For starters, men in full-time employment fare better than women in the earnings stakes; men take home a mean average of £21,000 while women just £19,000.

As for the destination of higher education leavers, there are some differences. For one, 47% of females headed for the employment roll, compared to 44% of men. However fewer women went straight on to further study (32% compared to 35% men). Men are slightly more likely than women to be unemployed (6% compared to 4% women), while more females (11%) are now enjoying further study paired with work compared to males (10%).

Mean salary by university subject six months after graduation

Subject Mean salary (January 2017)
Medicine and dentistry £29,500
Veterinary science £27,500
Engineering £25,500
Mathematical science £24,500
Computer science £24,000
Architecture £22,500
Social studies £22,500
Business studies £22,000
Subjects allied to medicine £22,000
Physical sciences £21,500
Combined degrees £21,000
Education £20,500
Agriculture £20,000
Historical and philosophical studies £20,000
Law £20,000
Languages £19,500
Biological sciences £18,500
Mass communications £18,500
Creative arts £18,000
Average £21,500

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15 Comments

Anonymous

Even more stark fact: 33% of graduates (in further study) are presumably earning nothing (or very little). And yet more and more sign up to study law.

(6)(1)

Anonymous

What about all the City trainees? Onto the dolla train within a year or two out of uni – cruising towards the sweet equity!

(3)(1)

Anonymous

Compared to how many Law graduates there are , very few of them end up as City Trainees . Most will be doing general admin / office work . Some that are doing the LPC will be funding it themselves whilst working . Also with considering , almost 50% of City trainees are non – law graduates .

(8)(1)

Anonymous

*worth considering

(1)(0)

Anonymous

They have fvcked our profession and turned our wages to sh1t.

It’s not worth it

Don’t do law

(6)(4)

Kirkland NQ

What do you mean? top 1% by the age of 24 isn’t all that bad.

(7)(2)

Anonymous

Cold-hearted socially-useless corporate slave by 24 ain’t great either.

(6)(8)

Anonymous

If you get a City TC law is great. If you can’t get one, it sucks. No prizes for second place in this profession.

(8)(1)

Anonymous

There’s 2500 City TCs on offer. About 17,000 law graduates per year plus several thousand more doing the GDL.

This isn’t surprising.

(15)(0)

Anonymous

Spot on. There’s probably 10 law students to every City TC.

(0)(0)

Anonymous

You need to work on your maths. You have the stats immediately above: 2,500 City TCs to 17,000 applicants. Approximately 1 in 7 which, as any gambler will tell you, are significantly better than “10 law students to every City TC”.

(0)(1)

Anonymous

i) You ignored the “several thousand more doing the GDL”;
ii) No-one said anything about TCs to applicants. Obviously not all law graduates and GDL students apply to City TCs (or even any TC at all).

(1)(0)

Anonymous

Though slightly skewed due to people studying the LPC in the six months after graduating. A year to 18 months after graduating would be a lot more useful.

(2)(2)

Anonymous

Shush now, Katie wanted a clickbait headline, let’s not let facts get in the way of that.

(9)(2)

Sir Geffroy De Joinville

LC is to be commended for a rare breath of reality. Dreamers will learn peine forte et dure.

As LC has posted a run of sane articles of late, I would suggest, it looks at ‘the market’ rather than the Will O the Wisp; prestige, magic, various mathematical shapes etc.

Perhaps a mixed bag of sane and loony articles will keep both parties amused

(1)(1)

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