Today the Department for Education released statistics linking graduate outcomes with employment earnings.
It is no surprise that once again, those that studied STEM subjects (Engineering and Technology, Mathematical Sciences and Computer Science), on average, earned more than the majority of their peers.
Here are three key findings from today’s data:
1. Mathematical Science graduates, on average had the fourth highest median earnings since graduating in 2008/09. This is closely followed by those that studied other STEM subjects, such as Computer Science and Engineering and Technology. Only those that studied Medicine and Dentistry, Veterinary Science or Economics earned more:
2. Two of the top five highest earning professions for females since graduating in 2008/09 are in STEM-based subjects, Mathematical Science and Engineering and Technology. Five years since graduating, female graduates have a median earning of £33,897 and £38,606 respectively.
Manufacturers are seeking to attract more women into the manufacturing sector through competitive maternity pay and back to work bonuses and flexible working arrangements, however the government must also do more to increase the take up of STEM subjects by girls in schools, who when they do, do better than boys.
3. 82% of Engineering and Technology graduates and 84% of Physical Science graduates were either in employment or further study after just one year since graduating.
This shows that those who study STEM subjects are highly employable in today’s competitive job market. We are calling for the government to ensure that more pupils take STEM subjects from an earlier ages. This means more STEM concepts at a basic level at primary school, through to industry experts in classrooms sharing their experience of working in the manufacturing sector.
Today’s data emphasises just how fruitful a career in a STEM subject can be for graduates today. In an ever-competitive job market, those that have studied STEM subjects have employable skills and are in high demand. The government must continue work with industry to ensure the best STEM teachers are being recruited and retained in classrooms up and down the country - only then can we build a highly-skilled workforce.