British colleges that claim high graduate pays have seen a significant rise in applications over the past five years than schools with lower post-university salaries, a new study revealed.
The study indicates that students are increasingly being attracted to colleges that can assure they will get a well-paid career after school.
According to Savills, a property company, which studied UCAS application figures and associated them to graduate wages, universities with higher graduate starting pays have seen greater additions in interest from prospective students since 2012.
For instance, Imperial College London grads get an average of £30,600 in their first job post-graduation – higher by £5,000 than the UK average. Applications at Imperial have increased by 22pc since 2012.
The University of Bristol’s graduates go on to positions that pay £2,700 higher than the UK average. The school has seen a 20pc jump in applications since 2012.
Moreover, Southampton grads make £2,800 more than the average and applications in the university have risen by a remarkable 26pc.
On the other hand, York St John, where alums make £20,300 per year on average, has seen its student prospects drop by 9pc since 2012. Northampton Univerity has seen its application figures slip 3pc over the past five years. Graduates from Northampton on average, earn £3,200 below the UK median.
Lawrence Bowles of Savills declared: “For every difference of £1,000 in average graduate salary, applications grew by an extra 1.9pc.”
Last month, analysis from the IFS confirmed that students enrolling in a university this year can expect to encounter debts of more than £50,000 once they finish. “With such a high liability, it’s no wonder students are flocking to universities with higher graduate salaries,” Mr Bowles added.