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The best and worst degrees for boosting your earning potential

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Going into higher education can open a plethora of doors for those seeking out their dream career.

University is not all about boosting your earning potential, however, it still plays a big part for many hoping to secure a financially comfortable future.

A new Institute for Fiscal Studies (IFS) report, commissioned by the Department for Education (DfE), reveals which subjects see people earning more and which see them earning less.

The following figures are based on the earnings of 29-year-old men and women who have been in higher education, compared with their counterparts who have skipped it.

It also takes into account and is weighted against “pre-university characteristics” which show typical higher-education students are more likely to have come from wealthier families and therefore be expected to earn more, even had they not gone to university.

The study also showed that women with higher education earn on average 28% more their counterparts without higher education; the increase in earnings for men with higher education compared to those without is 8%.

Men had several degrees which offered a negative return when compared with their counterparts who did not pursue higher education. Women did not have any courses which offered a negative return.

One of the larger disparities between men and women was seen in medicine, with men increasing their average earnings by 24% and women by 75%.

The report showed decisions about where people studied also played a part in how much they earned in the future.

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