Getting real about graduate earnings - Appendices
Appendix A: Treatment of salary outliers
At the lower extreme, we exclude graduates who report an annual salary below the UK national minimum wage for those aged 21-24 which applied during the census period. We base our calculations of the minimum wage on the assumption that a graduate in full-time work will be working 30 hours per week, 52 weeks out of the year. Some 2018/19 and 2019/20 graduates will have been furloughed on 80% pay during the COVID-19 pandemic; for these cohorts of graduates, we exclude graduates earning less than 80% of the applicable national minimum wage.
| Year of graduation | Minimum wage date | Minimum hourly wage | Salary cut off |
|---|---|---|---|
| 2017/18 | April 2018 – March 2019 | £7.38 | £11,513 |
| 2018/19 | April 2019 – March 2020 | £7.70 | £9,610 (80% of minimum wage) |
| 2019/20 | April 2020 – March 2021 | £8.20 | £10,233 (80% of minimum wage) |
| 2020/21 | April 2021 – March 2022 | £8.36 | £13,042 |
At the upper extreme, we excluded graduates reporting salaries of more than £85,000, who represent the top 1% of earners. This aligns with the practice of the Office for National Statistics in recent publications on earnings.[17]
Appendix B: Additional tables
Table 1 - The distribution of the industries in which graduates work by Standard Occupational Classification
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Source: Graduate Outcomes survey.
Table 2 - The proportion of graduates working in human health and social work activities who are employed within/outside the NHS
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Source: Graduate Outcomes survey.
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