The tables compare average salaries of graduates and non-graduates from different age groups in the UK in 2010.
Overall, graduates earned significantly more than non-graduates. Additionally, graduates were more likely to get a raise with less decrease in average salaries than their counterparts.
The average salaries of all age groups in the UK in 2010 were 54,000 pounds for graduates, nearly twice as much as for non-graduates (29,000 pounds). At the age of 22, a graduate could earn on the average of 24,000 pounds, while non-graduates’ salaries were remarkably lower at 14,300 pounds. Both examined groups witnessed the most significant raise in their salaries throughout ages, with 32,200 pounds of graduates and 19,100 pounds of non-graduates.
While graduates’ average salaries continued to increase as they got older, the other group’s earnings tended to stabilize and even decline. More specifically, graduates’ salaries rose from 32,200 pounds in 32 to 34,380 pounds by 52. In contrast, non-graduates’ earnings levelled off at around 19,000 pounds before falling to 18,600 pounds at age 52. At the age of 62, another decline in salaries continued the previous fall from the non-graduates from 18,600 pounds to just 15,280 pounds. The same trend could be seen in the graduates group but to a larger extent with a decrease of just about 4,000 pounds.