University graduates can expect to earn, on average, £160,000 more over their working life than young people who leave school after their A-levels, a study has revealed.
Despite the ever-increasing number of graduates, the study carried out by PricewaterhouseCoopers for Universities UK, shows that demand from employers for graduates has also continued to increase.
Degrees such as medicine, law, sciences and languages benefit graduates greater than degrees in the arts and humanities.
While a medicine graduate will on average earn £340,315 more than a non-graduate over their working life, a graduate in the arts can only expect to earn £34,494 more.
Commenting on the latest statistics, the chief executive of Universities UK, Baroness Warwick, said: "Higher education is still a worthwhile investment for the individual."
The report concluded that graduates are less likely than non-graduates to experience unemployment, as well as benefit from enhanced career opportunities.
Furthermore, Universities UK argued that the findings highlight the economic benefits of higher education for society as a whole and called on the government to continue its programme of public investment in higher education.
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