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The latest Graduate Labour Market Statistics found that the gap in salary between graduates and non-graduates has fallen by 10 percentage points since 2006. Graduate pay in the first quarter of 2015 was 45 per cent higher than that of non-graduates, down from a 55 per cent premium in the first quarter of 2006.

The pay boost that postgraduates receive above graduates, meanwhile, has remained largely stable over the same period, according to the data released by the Department for Business, Innovation and Skills on 9 June. On average postgraduates earn about 20 per cent more than graduates.

holly.else@tesglobal.com

Source: Graduate Labour Market Statistics, January-March 2015, Department for Business, Innovation and Skills