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Female university graduates earn 17% less than male classmates

The figures come from salary benchmarking website Emolument.com which has crowdsourced anonymous data from over 49,000 individuals. By analysing this data, Emolument.com has been able to identify which universities have the biggest gap between male and female salaries within 5 years of graduation.

Oxford and Cambridge University are amongst the universities with the biggest gaps in salaries for male and female graduates, with men earning 14% and 19% more than their female classmates within 5 years of graduation respectively. In contrast, the gap at King's College London and London School of Economics is much less dramatic, at just 3%. A selection of top universities with a notable gender divide is shown below:

Average salaries for graduates 0-5 years of experience

Male

Female

Gap

University College London

&pound45,500

&pound37,500

-21%

Cambridge University

&pound57,700

&pound46,900

-19%

Oxford University

&pound61,300

&pound52,400

-14%

Imperial College

&pound54,600

&pound48,500

-11%

King's College London

&pound41,300

&pound39,900

-3%

London School of Economics

&pound50,100

&pound48,800

-3%

Source: Salary benchmarking website Emolument.com

MBA students are typically older and much more established in their careers than university graduates, and looking at average salaries within 5 years of completing an MBA the gap between men and women actually narrows slightly to 13%. However, overall earnings once bonuses are factored in takes the gap to a huge 26%, with women taking away discretionary bonuses 46% smaller than their male colleagues:

Average salaries for MBA graduates 5 years after graduation

Male

Female

Gap

Average salary

&pound86,800

&pound74,700

-13%

Average bonus

&pound50,000

&pound27,000

-46%

Average total

&pound136,800

&pound101,700

-26%

Source: Salary benchmarking website Emolument.com

Many MBA graduates go into industries such as financial service and consultancy, which are renowned for their secrecy when it comes to remuneration, and the figures perhaps illustrate a difference in how men and women approach salary and bonus negotiations.

CEO of Emolument.com, Thomas Drewry said, "The gender gap in salaries is a real issue in the UK today, and only by having a level of transparency will we start addressing the problem. Taking the decision to go to university or study for an MBA is a huge investment in terms of both time and money, so it is important for people to consider what their earning potential might be when they have graduated, so they can manage their own career more effectively. "

 

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