Study shows privately educated graduates enjoy better earning power
New research published by the Sutton Trust and upReach indicates that privately educated graduates in top paying jobs earn significantly more than those with a state education.
The findings are revealed in Private Pay Progression, a report based on research into graduate pay by Jake Anders from the National Institute for Economic and Social Research (NIESR).
According to the report, six months after graduation the average salary gap between a state educated (£22,735) and a privately educated (£24,066) employee in a high-status job is about 6 per cent. After three years, this has grown to 14 per cent, with private school alumni averaging £36,036 compared with £31,586 for state-educated employees.
“We know that graduates from less privileged backgrounds are under-represented in the top professions but (this) research shows that they face disadvantage when it comes to pay progression too,” said Sir Peter Lampl, chairman of the Sutton Trust and the Education Endowment Foundation.
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