STEM graduates out-earn their peers

The Labour Market Value of STEM Qualifications and Occupations report, published by the Royal Academy of Engineering, found that those working in STEM occupations earn an average of 18.79% more than those working in other areas. It also suggests that those working in technical roles in the engineering and technology fields, particularly at intermediate level or below, earn more than those in professional or managerial roles in other sectors. Professor Matthew Harrison, director of education at the Royal Academy of Engineering, who led the research on these reports, said: "STEM qualifications underpin the performance of the science base, health sector, IT sector and engineering industries. "Further education has a vital role in providing STEM skills and we have shown that good qualifications at this level provide an earnings premium. However, it is crucial that we get the right mix of courses being offered and right now there is a relative shortage of certain STEM provision: apprenticeships and higher level courses in particular." Skills Minister John Hayes added: "This work will help put STEM subjects, which are so crucial for growth, on a surer footing within the skills sector and the department will continue to work closely through the Royal Academy of Engineering to ensure that the further education sector is positioned to provide the skills that industry needs."