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| Privately educated graduates 'earn more' than state school colleagues | Privately educated graduates 'earn more' than state school colleagues |
| (about 5 hours later) | |
| Privately educated UK graduates in high status jobs earn more than their state school counterparts, says a study. | Privately educated UK graduates in high status jobs earn more than their state school counterparts, says a study. |
| The report, by the Sutton Trust and UpReach, examined those in careers such as law and financial services. | The report, by the Sutton Trust and UpReach, examined those in careers such as law and financial services. |
| It found that, on average, three years after graduation, those who attended fee-paying schools earned £4,500 more. | It found that, on average, three years after graduation, those who attended fee-paying schools earned £4,500 more. |
| The report put this down to factors such as the university attended, but also suggested non-academic factors, such as assertiveness, were at play. | The report put this down to factors such as the university attended, but also suggested non-academic factors, such as assertiveness, were at play. |
| The research also found salaries of the privately-educated increased more quickly, growing by £3,000 more over the same three-and-a-half year period. | The research also found salaries of the privately-educated increased more quickly, growing by £3,000 more over the same three-and-a-half year period. |
| Average salaries, six months after graduation, were more generous for those who had attended independent schools - £24,066 compared to £22,735, a difference of £1,331. | Average salaries, six months after graduation, were more generous for those who had attended independent schools - £24,066 compared to £22,735, a difference of £1,331. |
| This difference rose to £4,450 after three years, with average salaries of £36,036 and £31,586 respectively. | This difference rose to £4,450 after three years, with average salaries of £36,036 and £31,586 respectively. |
| The report - Private pay progression - says half of this difference can be explained by factors such as prior academic attainment and the type of university an individual attended. | The report - Private pay progression - says half of this difference can be explained by factors such as prior academic attainment and the type of university an individual attended. |
| But it says the remaining half cannot be explained by these factors and is likely to be down to non-academic factors such as articulacy, assertiveness and other important soft skills. | But it says the remaining half cannot be explained by these factors and is likely to be down to non-academic factors such as articulacy, assertiveness and other important soft skills. |
| The research assessed jobs in the top national statistics socio-economic classification, including accountants, economists, solicitors, pharmacists, psychologists, higher education teachers and researchers, engineers and scientists, but excluding medics. | The research assessed jobs in the top national statistics socio-economic classification, including accountants, economists, solicitors, pharmacists, psychologists, higher education teachers and researchers, engineers and scientists, but excluding medics. |
| Staying power | Staying power |
| However, despite slower pay progression, the study found graduates without a private schooling were marginally more likely to remain in high status jobs. | However, despite slower pay progression, the study found graduates without a private schooling were marginally more likely to remain in high status jobs. |
| The study found 71% of state-school educated graduates were still in such employment three-and-a-half years later, compared with 65% for their more privileged peers. | |
| It says that while this difference is "only marginally statistically significant", it shows an ability to stay on and succeed. | It says that while this difference is "only marginally statistically significant", it shows an ability to stay on and succeed. |
| "This suggests that once undergraduates from less privileged backgrounds access professional employment, they are more likely to stay and build a career within the professions," it says. | "This suggests that once undergraduates from less privileged backgrounds access professional employment, they are more likely to stay and build a career within the professions," it says. |
| The report is calling on firms to identify graduates from less privileged backgrounds early on in the application process. | The report is calling on firms to identify graduates from less privileged backgrounds early on in the application process. |
| It says mentoring opportunities, career coaching and application guidance would all help improve non-academic skills. | It says mentoring opportunities, career coaching and application guidance would all help improve non-academic skills. |
| Sir Peter Lampl, chairman of the Sutton Trust, said: "We know that graduates from less privileged backgrounds are under-represented in the top professions but today's research shows that they face disadvantage when it comes to pay progression too. | Sir Peter Lampl, chairman of the Sutton Trust, said: "We know that graduates from less privileged backgrounds are under-represented in the top professions but today's research shows that they face disadvantage when it comes to pay progression too. |
| "This new research shows us how vital is it that firms do more to improve social mobility through their recruitment practices. | "This new research shows us how vital is it that firms do more to improve social mobility through their recruitment practices. |
| "Enabling greater access to a wider pool of diverse talent will deliver real benefits for employers and employees alike." | "Enabling greater access to a wider pool of diverse talent will deliver real benefits for employers and employees alike." |
| Henry Morris, founder of UpReach - an organisation which aims to help undergraduates from less-privileged backgrounds to land top jobs, said: "Today's research tells us that Britain's social mobility challenge does not end on a graduate's first day of work. | Henry Morris, founder of UpReach - an organisation which aims to help undergraduates from less-privileged backgrounds to land top jobs, said: "Today's research tells us that Britain's social mobility challenge does not end on a graduate's first day of work. |
| "Despite doing as well academically, the pay of graduates from more privileged backgrounds rises more quickly than their peers." | "Despite doing as well academically, the pay of graduates from more privileged backgrounds rises more quickly than their peers." |
| The findings come after accountancy firm Ernst and Young (EY) announced it is removing all academic and education details from its trainee application process. | The findings come after accountancy firm Ernst and Young (EY) announced it is removing all academic and education details from its trainee application process. |
| EY will choose which applicants to interview based on their performance in online tests, in an attempt to improve workplace diversity. | EY will choose which applicants to interview based on their performance in online tests, in an attempt to improve workplace diversity. |