Exam results season is over
Exam results season is over with students up and down the country receiving their A-levels and GCSE results. If students, or their parents (!) are in any doubt about which path to take next, we have some interesting insights into how education translates into future earnings in engineering and construction. As the cost of university soars, with rising tuition fees and cuts to grants and benefits, it’s worth knowing if further education will pay you back in the future!
Let’s start with the basics. The average salary for employees in the engineering and construction sector is currently £50,462 but there are some interesting insights when we break this down by education level. As this chart shows, salary does goes up in line with education level. In other words the more educated you become, the more your future earnings are likely to be in engineering and construction. There is however one anomaly – studying for a master’s degree. Our My Salary Tool data shows that employees with a master’s actually earn less on average than someone with an undergraduate degree. However, holding a doctoral degree will earn you the most. This is interesting to know as often BSc undergraduates can often jump straight into PHD programmes (doctoral degree) without the need for a master’s degree at all!
Average annual salary by education level
*Source = www.mysalarytool.com Resourcing Solutions’ in house salary tool which has surveyed over 12,500 engineering and construction employees.
Visit My Salary Tool to find out more about your own salary in the engineering and construction sector.