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Financial benefits
Yes, there is evidence to show that people with a higher education qualification do earn more than those without! Of course there is debate about the figures, and they can vary widely between surveys and subjects, but typically, on average, someone with a level 4 qualification will earn £200 more per week than someone with a level 3 qualification – £10,000 a year.
Higher skills will give you an edge in the job market and help you progress in your career.
Employers pay most for skills that are specialised, require training and qualifications and are particularly important to their business or are in short supply. By 2020, 40% of the workforce will require higher level skills (skills associated with higher education).
People with higher level skills are less likely to be unemployed, this is partly because their higher-level skills allow them to do a range of jobs and are frequently found to be working at higher levels in organisations.
Factors influencing the level of increased earnings achieved from doing a higher education level qualification include career choice, type of qualification, grades, age, sex, subjects, and where you study.
Get an idea about the potential financial benefits for you and find out more about how different qualifications, etc. affect earnings.
