The Student Room Group

15% of LSEs law graduates unemployed 5 years after graduating

But those that are in work are among the most highly paid.

https://www.timeshighereducation.com/news/government-publishes-data-law-graduate-earnings-university

and

https://www.gov.uk/government/statistics/graduate-outcomes-by-degree-subject-and-university

specifically

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/573734/SFR60-2016_LEO_Institution_subject_table.xlsx

5 table of % unemployed years after graduating


That's a lot of unemployed Law graduates from London universities

5 table of median earnings years after graduating



There's huge caveats about this data (not least because unemployment and earnings are very variable regionally and that this data only covers people domiciled in the UK and excludes self employed people)....but there's some surprising numbers in there.
Surprising, but then possibly explainable. Could it be that LSE graduates are being a little bit overambitious and, dare I say it, bumptious in their applications? Not deigning to apply to everything - and holding out for that Magic Circle TC because 'I'm an LSE graduate and damn well worth it'
Does that include people in further study? :smile:
Original post by HarleyQuinnx
Does that include people in further study? :smile:


Not in the "no sustained destination" category no - they're counted separately.
Original post by PQ
But those that are in work are among the most highly paid.

https://www.timeshighereducation.com/news/government-publishes-data-law-graduate-earnings-university

and

https://www.gov.uk/government/statistics/graduate-outcomes-by-degree-subject-and-university

specifically

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/573734/SFR60-2016_LEO_Institution_subject_table.xlsx

5 table of % unemployed years after graduating


That's a lot of unemployed Law graduates from London universities

5 table of median earnings years after graduating



There's huge caveats about this data (not least because unemployment and earnings are very variable regionally and that this data only covers people domiciled in the UK and excludes self employed people)....but there's some surprising numbers in there.


They made so much money, they retired in their 20s...

But in all seriousness, this really doesn't say much. Also some courses at LSE are easy to get in to. It would be interesting to see the figures for Mathematics with/and Economics or L101 Economics BSc. The average salaries might be quite telling
(edited 7 years ago)
Original post by J-SP
You only have to look at the sample numbers to know this data is highly questionable. Plus it is manipulated in anyway possible to help with stats for marketing purposes and university rankings.


Posted from TSR Mobile


It's sourced by linking university records to HMRC and DWP data.

It's only a single year's graduates (2008/09) but the sample sizes are higher (especially for the salary data) than that used in league tables.

This data hasn't been used in any rankings (yet) - it was only published this month as a part of the consultation and investigation process into how this data can be used.

Have a read of the statistical release note https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/573831/SFR60_2016_LEO_main_text_v1.1.pdf

"As discussed above, this release looks at sustained employment and further study outcomes for each higher education institution. It does not look at earnings by institution because this can be strongly influenced by subject mix. We do, however, plan to publish subject by institution data in spring 2017. Ahead of this, we use this release to pilot an employment outcomes and earnings breakdown for law graduates at each institution to get user feedback in advance of the spring 2017 release. See table 3 in the accompanying Excel tables for a full breakdown of these figures.

"We have chosen to pilot outcomes for law graduates as we can report outcomes for a large number of institutions. Not all institutions offer all subjects; however, we are able to present employment and/or earnings outcomes for law graduates in 76 institutions. There were eight institutions that had students recorded as studying law but had cohorts smaller than 22.5. In line with our disclosure control rules, we have suppressed information for these cohorts and therefore their outcomes have not been reported."
Original post by J-SP
Is the HMRC/DWP data allowing them to differentiate whether the person is in graduate level employment or is it just ANY employment? If the latter the data seems a bit irrelevant really. The fact it is also only UK employment also makes it a little murky.


it's just ANY employment ("sustained" employment: Graduates with an employment record for one day or more in at least five out of six months between October and March in the tax year of interest ) or further study (which because the academic year covers 2 tax years means a 1 year masters would count as "study" for 2 tax years).

The whole point of this is that it's an experimental publication.

The dataset links back further than university (so they can look at educational attainment back to primary school!)
Original post by J-SP
It might be experimental, but it is done in the hope they can find a suitable way to report more accurately on employability rates post graduation. This is just another idea to support the new Teaching Excellence Framework that will create a new government "league table" for university rankings. Which in turn will lead to tuition fee increases. If only these things were being done for the right reasons and done in an appropriate manner!


Well yes - the reason the data links were allowed was to collect more accurate data on student loan repayment projections.

How (and when) this might be brought into the TEF is debatable - and if it happens it does look like this data will have some surprising results (eg the self assessment data places Ravensbourne and Teesside above Warwick for "further study, sustained employment or both 5 years after graduation). And if nothing else the fact that the salary data hasn't been made available at institution level (because subject mix is such a big factor) and the huge impact of benchmarking on the TEF metrics so far do make it look like they actual goal is about recognising the impact of a UNIVERSITY and not the impact of their student demographics/subject profile.
Well then, it just goes to show that way too many young people are attending university these days - you can thank Blair for that. Old Len left school at 16 and has done pretty well for himself, I don't see why millennials think they can only get a job if they go to university.
Reply 9
Original post by JohnGreek
Edit:
For those who are curious, here are the figures in the table for certain unis after the first year of graduation. I'm surprised by how low UCL and King's salaries are. Also note that LSE starting salaries are higher than Oxbridge in the first year, and yet are nearly £15k lower than those of Cambridge (and about £7k lower than those of Oxford) after another 4 years.

If you compare the three pics down below, something happens that allows Oxbridge graduates to pull away from LSE ones in terms of salaries between the 3rd and 5th year after them graduating...

Spoiler




It's also interesting to see how UCL catches up on LSE 5 years after graduation. It's all weird!
Reply 10
Original post by PQ
But those that are in work are among the most highly paid.

https://www.timeshighereducation.com/news/government-publishes-data-law-graduate-earnings-university

and

https://www.gov.uk/government/statistics/graduate-outcomes-by-degree-subject-and-university

specifically

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/573734/SFR60-2016_LEO_Institution_subject_table.xlsx

5 table of % unemployed years after graduating


That's a lot of unemployed Law graduates from London universities

5 table of median earnings years after graduating



There's huge caveats about this data (not least because unemployment and earnings are very variable regionally and that this data only covers people domiciled in the UK and excludes self employed people)....but there's some surprising numbers in there.


I wouldn't read too much into this. I think those from LSE mostly from upper class or rich Asians...they juz not arsed 'bou gettin' a job

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