In the long term, graduates will earn more than non-graduates will, so statistically your young person is more likely to improve their earning potential by attending university or higher education.
In 2018, the average graduate salary (£34,000) was £10,000 more than the average non-graduate salary (£24,000) (Graduate Labour Market Statistics 2018).
The decision whether to go to university, take an apprenticeship, or go straight into the workforce can be a difficult one. Access to accurate and timely information is a critical part of this decision-making process. However, information is often difficult to find and hard to interpret. The Pay Index, in conjunction with a number of higher education bodies, have developed reports as part of an easy to use and informative tool that can be utilised by students to help them to make sound decisions at this critical stage in their development. Reports are generated based on answers that students provide to questions, to help students and parents/carers make informed decisions about the future.
The Pay Index answers key questions that may be on the minds of students, such as: What value can university bring to your job prospects? How does university affect your take home pay? How might where you live affect your cost of living?
Future Quest and The Pay Index are focused on educating students in Years 10-13 and their parents/carers of the long-term benefits of choosing further education vs. heading straight into work after school. Students can sign up for FREE to use the tool using this link https://thepayindex.com/futurequest/signup and we encourage students to show this to their parents and discuss the results generated by the answers that they give.