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Foreign graduates offered salaries up to 30% above market in some tech sectors

Emolument.com has analysed data from 32,000 university graduates working in the UK to show how desirable foreign graduates are to British employers and what premium their degrees carries.

 

Sectors with the highest proportion of graduates from foreign universities

Activity

% of graduates from foreign universities

Foreign universities*

British Universities*

Pay difference

Finance

28%

£65,000

£50,000

+30%

Compliance 

20%

£43,000

£38,500

+11%

Data Analysis & Data Science

18%

£40,000

£30,000

+30%

IT & Software Development

17%

£40,000

£34,000

+18%
 

*Median compensation (salary+ bonus) of junior employees (0-4 years of experience)
 

 

The research found that some technical sectors show a substantial shortage of British graduates (finance, data analysis) in which employers are prepared to step up and to offer salaries as much as 30% above market to those highly skilled graduates with degrees from non-British universities.


 

Sectors with the lowest proportion of graduates from foreign universities

Activity

% of graduates from foreign universities

Foreign universities*

British Universities*

Pay difference

Media

9%

£30,000

£27,000

+11%

Architecture, Real Estate

9%

£30,000

£28,000

+9%

Education

5%

£27,000

£28,000

-2%
 

*Median compensation (salary+ bonus) of junior employees (0-4 years of experience)


Lowest-paid jobs upon graduation and early professional life (media, education & real estate) show the fewest foreign graduates, for instance only 5% in Education, according to the data. Emolument.com suggest that this may be due to the fact that jobs in the media or in education require subtle and flawless written and spoken English, while language skills in more technical sectors such as banking and IT are not central to being a successful professional. Despite this, however, prestige attached to some foreign degrees pays off even in those industries with foreign graduates earning more than British graduates (+11% for media professionals).



Over 90% of graduates with a degree from a foreign university work in London as opposed to the rest of the UK, where salaries are lower. This uneven spread across the UK territory is likely to be one of the causes of the pay gap between foreigners and British graduates.


18% of British university graduates work abroad which shows that UK graduates enjoy working abroad as much as their non-UK counterparts.



Alice Leguay, co-founder and COO at Emolument.com, said, “Many European graduates see the UK as an ideal location to kick off their careers: flexible career paths (where else can a History degree land you in a finance job?), a vibrant technological and entrepreneurial sector as well as fiscal incentives are all part of making the UK a land of opportunities. Equally, UK employers are keen to bring in highly skilled graduates as they struggle to find appropriately qualified staff in the UK due to a decline in science and maths education over the last 10 years.”

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