Career Testing
Career Testing
Career Testing
SUCCESS STORIES / FEB. 06, 2015
version 3, draft 3

Top 20 UK Universities with the Richest Alumni 2015

Inspiiral

The process of whether to pursue further education can be a painstaking one, with a huge number of variables to consider. One way to make the process so much easier is to have a look at the establishments that produce the wealthiest graduates. If you agree with me, here’s some great news: pay site Emolument.com has recently produced some interesting research that reveals that business schools occupy the top positions for the highest-earning graduates. The research crunched the average salaries of 35,000 graduates five years after graduation to come up with their list of universities with the richest graduates. There are a few surprises in the list, as well as some expected shows – unsurprisingly, London Business School, Oxford University and Cambridge University make the top five.

The university ’rich list’

London Business School tops the list with its alumni earning an impressive average annual salary of £69,000.  But who else makes the top 20? Have a look at the tables below:

Positions 1-10

London Business School

Average salary: £69,000

Oxford University

Average salary: £54,000

Warwick Business School

Average salary: £53,000

Cambridge University

Average salary: £52,500

Cass Business School

Average salary: £50,500

London School of Economics

Average salary: £50,000

Sheffield University

Average salary: £49,000

Edinburgh University

Average salary: £48,500

Imperial College London

Average salary: £47,000

Birmingham University

Average salary: £46,500

Positions 11-20

University of London

Average salary: £45,500

Durham University

Average salary: £45,000

University of Bath

Average salary: £43,500

Aston University

Average salary: £43,000

Warwick University

Average salary: £42,500

Bristol University

Average salary: £41,000

University College London

Average salary: £40,500

Loughborough University

Average salary: £40,500

University of Leeds

Average salary: £40,500

University of Nottingham

Average salary: £40,000

What’s the takeaway?

Having such transparency over salaries allows those who are considering whether to invest in further education make more informed decisions, particularly at a time when tuition fees can be a barrier to further education (London Business School currently charges £67,750 for its MBA). Hefty tuition fees mean that it could take years to pay back the cost of a course, even if every penny of after-tax salary is used for this purpose.

The top positions are occupied by leading business schools, which may be a boost for those already thinking about pursuing a business-focused course.

High performance of a university, as judged by various university league tables, does not translate into earning potential: Sheffield University is in seventh position in this earnings list, but is in 26th position based on the overall performance of the university; Birmingham University ranks 10th in this rich list, but ranks 17th based on overall performance, according  to the Complete University Guide .

The business school from which you graduate will have an impact on your earning potential, as this research shows. But as hedge fund recruiter Marcus Williams asserts in an interview with the Telegraph that although having an impressive academic pedigree may give you a foot in the door of desirable employers, the impact of this can be lessened by poor first impressions, such as errors on a CV or a weak degree. Furthermore, employers are more likely to be interested in core subjects such as economics than the university you attended, he adds.

Are you considering a business degree or an MBA? Will this research influence your decision making? Let me know.

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