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Average Salary

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Sparkle1984

I think the median figure is about £15,000. I saw that on the Channel 4 website, but I'm not sure if those figures are a bit outdated.

Reply 21

Clearing and Applications Advisor

ThePants999

Those of you quoting "averages" - are you quoting means or medians? As Roger pointed out, it is an important distinction and I think median salaries would be the more useful figure.

the £23,500 ish one is a mean

national stats only has a median for hourly income - which doesn't actually tell you anything if you don't know whant the average (mean) no of hours is pa to bump it up.

Reply 22

Clearing and Applications Advisor

they've got averages (mean) by region though which is quite interesting

United Kingdom £23,556
Great Britain £23,608
England £23,920
North East £20,176
North West £20,748
Yorks & the Humber £21,424
East Midlands £21,840
West Midlands £21,320
East £25,220
London £29,432
South East £26,520
South West £22,932
Wales £21,320
Scotland £22,152
Northern Ireland £20,436

Reply 23

Clearing and Applications Advisor

http://www.statistics.gov.uk/downloads/theme_labour/LFSQS_0405.pdf

page 41 there's a graph showing the distribution of earnings

The largest number is for those earning between £10,400 and £15,600pa for women and between£15,600 and £20,800 for men

Reply 24

Clearing and Applications Advisor

Overall median is £385per week - £20,020pa
Overall mean is £453...£23,556pa

Reply 25

Monii

just fyi: avarage salary in the CZ is 4,3k pa (i've converted it to pounds) :rolleyes:

Reply 26

Jump

Monii

just fyi: avarage salary in the CZ is 4,3k pa (i've converted it to pounds) :rolleyes:

But the cost of living is much lower.

Reply 27

Beekeeper

jumpunderaboat

But the cost of living is much lower.

Yup, in the same way that it is cheaper to buy a semi in Liverpool, than in London.

My starting salary is going to be £21k, probably about £25k in ldn. Of course, in 4 years time, that will probably change.

Reply 28

Jump

beekeeper_

I'm definately gunna live in London when I graduate, so I better hope I'm earning big money :cool:

Reply 29

Beekeeper

jumpunderaboat

I'm definately gunna live in London when I graduate, so I better hope I'm earning big money :cool:

yah it makes sense, I'll probably stay in London until i'm about 45, then move back up to North Yorkshire...

I can't really see myself building a career anywhere but London. I suppose when youre going into Land Economy, there isn't really anywhere that can beat it!

Reply 30

Monii

jumpunderaboat

But the cost of living is much lower.

of course it is but for example studyng abroad is then incredibly expensive for us :frown:

Reply 31

Agha Zain

You would get more accurate results if you wanted mean salary for a specific profession as the mean salary of all the professions combined will not truely reflect the most accurate information.

Zain

Reply 32

Jump

Monii

of course it is but for example studyng abroad is then incredibly expensive for us :frown:

True, but are there not grants available?
Still I imagine things like flights will be comparitively cheaper for those in the UK.

Reply 33

meh...joel

I've got a mate at uni of Surrey doing economics, and he got a 1st in the first year, so decided to find a good sandwich year placement. He's got one with Lehmann's bank (dunno how u spell it) and its over 26 grand! plus its a thirteen month one, so he gets 28 grand! he's already loaded :O