LSE and Oxford deliver highest earnings for law graduates, research reveals


Oxford: Best law degree course for women

Studying law at the London School of Economics and Oxford University are the best for men and women respectively in terms of their career earnings, ground-breaking new research has found.

By contrast, men graduating in law from Bradford University and women from Anglia Ruskin fared the worst.

The objective of the report by the Institute for Fiscal Studies (IFS) was to identify the impact of different degree subjects and institutions on graduate earnings.

Researchers used a new dataset of school, university and tax records created by the Department for Education and controlled for GCSE results, class, region and ethnicity.

The figures are based on students graduating between 2008 and 2012 and looked at how they were doing five years after leaving university.

For men, the average salary was around £31,000. The LSE’s law course had by far the biggest impact, with earnings £24,608 higher than that. It was followed by Oxford (£18,610), Cambridge (£18,030), Durham (£16,747) and Nottingham (£14,869).

The top 10 was rounded out by Warwick, University College London, Newcastle, Bristol and King’s College London.

At the other end of the scale were Bradford (£6,740 below average), London Metropolitan (£6,725), Brighton (£5,875), Lincoln (£3,390) and Northampton (£3,287).

For women, the average was around £28,500. A law degree from Oxford resulted in a salary boost of £26,062 – the third highest of any degree at any institution – followed by the LSE (£20,769), Cambridge (£19,764), University College London (£17,592) and Warwick (£14,594).

The rest of the top 10 were Bristol, Durham, King’s College London, Manchester and Nottingham.

Women with an Anglia Ruskin degree saw their wages £3,806 below average, followed by Salford (£3,785), Northampton (£3,772), Edge Hill (£3,669) and Bedfordshire (£2,970).

Across the 30 degree subjects investigated, law was the 12th best-paid degree for men, with medicine the best (£44,900 on average) and creative arts the worst (£22,200).

It was the 13th best-paid degree for women, again behind medicine at the top (£42,300) and creative arts at the bottom (£21,000).

The researchers stressed: “These results focus solely on the earnings returns to different degrees and there are clearly many other important outcomes which factor into students’ higher education decisions and the evaluation of universities.”

The BBC has produced a facility to search the findings by degree subject. Click here.




Leave a Comment

By clicking Submit you consent to Legal Futures storing your personal data and confirm you have read our Privacy Policy and section 5 of our Terms & Conditions which deals with user-generated content. All comments will be moderated before posting.

Required fields are marked *
Email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Blog


My lockdown legacy – what will yours be?
30 July 2020

As we go back to work, we will not – and should not – forget the lessons we learnt during lockdown. I really hope that we drive change as a result and create a positive legacy for our industry.


Diversity without inclusivity is mere tokenism
27 July 2020

Until under-represented groups reach a critical mass (of 30%) in partnerships, boards and chambers, problems of sexism and exclusionary working practices in the legal profession will not be eradicated.


Loading animation