I haven't read the article is it today? I am a mature student and have just completed a foundation year. I do feel some of the degree paths from this are a complete waste of time. I'll leave with a profession and they will have a degree. I should be able to start earning well immediately post graduation. All being well
it's good to know - because you might do an arts degree thinking 'well, on average anybody doing a degree earns better' as we're always seeing those stats, but some degrees really are hard to translate into well paying careers and you need to be fully informed that if you choose fine art or museum studies, you're not going to be buying a penthouse.
I presume it's because they're only looking at five years E.g. not everyone with a law degree or psychology degree will become a lawyer / psychologist. Those who do are either still studying or newly in post after 5 years. Would be more interesting to see what the actual career outcomes for people are - e.g. how many law grads actually go on to become lawyers or do work that requires that as a degree. And look at longer term outcomes e.g. 10/20 years.
Similarly for the institutions studied at - Glasgow will probably be massively skewing the med/dentistry statistics because they have a big dental school and dental grads can earn much more at 5 years after qualification than medical grads.
It's a shame they don't publish the raw data in an easily-played-with format as I reckon you could find much more interesting information than just what's in the article.
The law degree category was interesting but I guess that is because far too many kids do law degrees or law conversion courses and there are just not enough jobs for them. The top law graduates will earn good salaries but this figure will be diluted.
I think the reasons for the surprise ranking are: - degrees taken with a career in mind vs degrees taken without a clear idea of what can be done with it. - Some jobs will require a degree but also work experience to start in a well earned position - job professional careers career require a Masters (psychologist).
I think the law one is maybe including those not practicing as lawyers, or still training. My daughter just graduated and is earning in her first role the salary quoted in the article, and she doesn't start her lpc until sept and is four years from qualification, so it's subjective.
Isn’t it the masters level law LLb that makes a lawyer, not a law degree? You can do a geography degree and go into law school post grad. So I suppose a law degree isn’t all that, maybe favoured by the kind of students who also chose to do things like a- level law. Same for accountancy, an accountancy degree isn’t valuable because the chartered qualification is post grad.
I'm not really sure of the difference, my daughter wishes to be a solicitor, so she did the llb, but it's not necessary,, then you need to do the lpc, which is either one year full time, or two years part time, then you need to do two years as a trainee solicitor, after which you are then qualified.
There are also other ways to qualify as well, it's quite complex.
If you do not have a law degree you can convert by doing a one year GDL. Then you specialise via the solicitors LPC or the barristers BPTC. Very many of those practicing law do not have a law degree and neither do they have a masters degree. Some do of course because they do it after their LLB whilst the non law degree holders are doing their conversion course.
The non law degree route opens the profession up to other very talented people. It is by no means guaranteed that RG law grads are offered traineeships and pupillage positions are notoriously hard to come by. Many go down very different routes for employment. This will skew earnings potential.
In the health service professions there is no competition from other grads. You cannot be a doctor or a dentist by a one year conversion from Biology for example. You are guaranteed a job. As you are with nursing. So you will earn relatively well. No one noticed how high nursing was in the tables. No one guarantees law grads a job. It’s far more difficult to secure one.
And if you do a law degree or GDL after your law degree and get accepted to a big law firm which will pay for your LPC study year you will then be on about £40k for 2 years, about £60k when you qualify and about £100k 3 years qualified so it is quite hard to generalise about law. About 50% of lawyers did not read law as their first degree either.
Yes but because these jobs are difficult to get, it pushes law down the tables as a high earning degree. You can get great salaries but many law grads don’t work in law at all. All doctors get well paid jobs. That’s why they are at the top!