Equal Pay:Written question - HL4307

Q
Asked by Lord Storey
Asked on: 21 January 2015
Department for Business, Innovation and Skills
Equal Pay
Lords
To ask Her Majesty’s Government what assessment they have made of the imbalance of pay by gender for graduate students in the United Kingdom.
Answered on: 05 February 2015

Graduates earn, on average, substantially more than people with A-levels who did not go to university. Over the working life, the average graduate will earn comfortably over £100,000 more in today's valuation, net of tax, than a similar individual who completed their education with 2 or more A-levels. The latest BIS research estimates the lifetime benefits for an individual from gaining a first degree to be of the order of £165,000 for men, and £250,000 for women, net of tax and student loan repayments (2012 prices).

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