As sixth-formers start a long summer waiting for A-level results, wondering whether all that hard work has paid off, new analysis from recruitment site Indeed shows that you don’t need to go to university and get a degree to earn decent money.
Indeed analysed tens of thousands of job adverts on its site to identify jobs with attractive salaries that don’t need a degree.
The top five jobs were:
1. Construction manager: average salary £53,118
2. Maintenance manager: average salary £38,675
3. Fitness manager: average salary £34,374
4. Executive assistant: average salary £33,150
5. Pilot: average salary £32,691
The company says that the figures should encourage sixth formers to consider whether a university education is the only way to earn a good wage.
After shelling out £27,750 in tuition fees for a three-year course, Indeed says that once living expenses are included the average degree is likely to cost students in the region of £55,000.
This also echoes ONS data which shows that almost a third of all graduates (29%), end up earning less than those who entered work via an apprenticeship scheme.
Today apprenticeships are not limited to manual work. The most common apprenticeships featuring on Indeed include roles in business administration, social media and IT support.
‘There is still a graduate premium’
Mariano Mamertino, economist at Indeed says: ‘’This data proves that choosing not to go onto university does not automatically mean a lower salary. Although all the roles in our list do require some form of training, they don’t require a degree.
‘’Our figures suggest there is still a ‘graduate premium’, with graduates frequently earning more than those without a degree. But while having a degree typically increases your earning potential, the cost of gaining one is substantial. As a result many school-leavers will be asking themselves whether the sums of doing a degree add up.
‘’Our research should reassure parents and teenagers at the end of exam season that there are numerous routes into study and employment, as apprenticeships look set to play a bigger role in the British labour market.”