Increase in graduate salaries: LSE report confirms
A report by the London School of Economics' Centre for Economic Performance in the UK shows that the differential between the average wage earned by UK workers with a postgraduate degree and those with an undergraduate degree rose from 6 per cent in 1996 to 13 per cent in 2009.
The rise, which has been related to the expansion of technology and information management in the workplace, was larger for those with doctorates than for those with master's degrees.
An additional report has been published almost simultaneously by the Higher Education Funding Council for England. The report has revealed that the number of people beginning a UK PhD programme rose by 81 per cent between 1996-97 and 2009-10.
International students’ enrolment in PhD courses climbed by 115 per cent between 2009 - 2010. The report also argues that almost a third of those students carried onto a PhD after finalising their MPhil studies in the UK.
Some of the most popular subject chosen by overseas PhD starters during the 2009-2010 periods were: Biological Sciences (13%), Engineering and technology (15%), Medicine (8%) and Social Sciences and Economics (8%).
One of the main reasons international students choose to study at universities abroad is to enhance their career prospects. This becomes increasingly important in view of rising costs of education and levels of debt on graduation, so individuals want to ensure they have a return on investment by landing high paying jobs.
Despite the announcement of rise in graduate starting salary since 2008, many recruiters warn graduates that the search for jobs remains very competitive.
As previously reported by Hotcourses, international companies as well as employers in home countries look for professionals that have spent periods of their academic studies in universities abroad as this equip them with valuable skills that can be put into practice in the global workplace. However, students are encouraged to develop their employability throughout their time at University.
Thinking about furthering your graduate studies abroad?
Read our article about PhD and the world of academia prepared to answer your questions.
Aspiring journalist and Cambridge University graduate, Londoner 'by adoption'. Tweeting for @hotcourses_Abrd