Qualifications have a big affect on pay
Usually the higher your qualifications, the more you're paid
The graph below shows ...
... the average gross weekly pay of full-time employees aged 16-64 by highest qualification held as researched in Quarter 1, January to March 2017 in England
- Level 4 and above = for example, higher national certicate or diploma, foundation degree or degree
- Level 3 = A level or BTEC National Diploma
- Level 2 = 4 GCSEs grade 9 to 4 or A* to C or BTEC First
Source: Labour Force Survey 2017;
Note: the graph above does not include earnings from any additional part-time jobs/work employees may have
Those with higher qualifications tend to earn more:
- businesses expect to increase the number of jobs, where leadership and management skills, and higher skills are needed
- demand for people with higher level skills is expected to be the strongest in engineering, manufacturing and construction
- there will be more competition for lower skilled jobs in the future.
Sources: Gateway to growth: CBI / Pearson education and skill survey; The Future of Work, UKCES; Winning the Global Race, IPPR
Remember qualifications alone are not enough, skills, experience and attitude are just as important.
So if you want to earn more you need to get the best qualifications you can, consider an apprenticeship or college course, you may earn less in the short term but you should earn more for the rest of your life.
Page updated July 2017