A survey undertaken by Selco Builders Warehouse has revealed tradespeople are happier and earn more than university graduates.
The survey found that you’ll earn a living wage as a tradesperson by 22. For the general population, this will vary between 22 to 29. Generally, attending university delays people going into full-time work. Many rely on part-time jobs, grants and loans to cover living expenses until they graduate.
Speaking of loans, the average graduate will owe around £46,000 after training and education. Tradespeople, however, owe just £5,600 in comparison.
Leaving home to live independently is a goal for many young adults across the UK. Selco’s survey found that that dream becomes a reality over a year earlier for tradespeople. Leaving home at 23, the rest of the UK doesn’t take that leap until they’re 24.5.
The next step is usually homeownership, but many tradies take it even further. Owning their own property three years earlier than the rest of the population isn’t enough for tradespeople, as 1 in 6 will also own more than one property at one time.
https://www.options-skills.co.uk/blog/tradespeople-earn-university/#:~:text=A%20survey%20undertaken%20by%20Selco,who%20attended%20and%20graduated%20university.
Construction apprentices will earn thousands of pounds more than many university graduates, according to new research.
The Federation of Master Builders looked into the average salaries of UK tradespeople and found that many are earning well above the average wage for university graduates.
The research found that the average wage for a university graduate in England is £32,000 a year, while the average bricklayer and roofer is earning £42,000 a year across the UK.
When you focus in on particular regions, things look even rosier for tradespeople. In London, a bricklayer is commanding wages of up to £90,000 a year.
Brickies have had a good few years, after 2016 research found UK bricklayers were earning £25 an hour.
https://www.simplybusiness.co.uk/knowledge/articles/2018/03/uk-tradesmen-earn-more-than-university-graduates/
Newly-qualified tradespeople earn significantly more than graduates. New data from Access Training UK has found that more Britons than ever are learning a trade skill with the goal of undertaking a career change.
University has long been seen as the route to financial success. However, graduate salaries have stalled in recent years. The High Fliers report has found that the median starting salary for graduates has been held at £30,000 for the past five years. However, this will be influenced by graduate salaries in elite industries, such as legal and banking, and other sources have indicated that a realistic starting salary is between £21,000 and £25,000.
In contrast, a newly qualified tradesperson could realistically expect to earn £31,500 in their first year on the job. This means young tradespeople will be earning approximately £7,000 more than their academic peers, without having to bear the £45,000 debt that typically comes with studying at university.
https://phpionline.co.uk/news/newly-qualified-tradespeople-earn-significantly-more-than-graduates/