Female graduates earn £6,500 less than male counterparts

Government figures have revealed that top-earning female graduates earn an average of £6,500 less than their male equivalent, five years after leaving university.
Graduates pay-gap
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Female earnings were reported to be on average £31,000, 18% lower than men. The findings, from the Department for Education’s Longitudinal Education Outcomes report, further identify issues with the widening gender pay gap.

The data was comprised from male and female graduates in the 2008-9 year. Women were found to be earning the same or similar pay to men in the first year of graduating, with the gap increasing with every year of employment. The report reveals that the gap was particularly noticeable in the upper wage industries.

Department of Education also noted that Black and Asian British-Pakistani graduates earned the lowest average salaries five years after graduation.

The report states:

“At each of one, three and five years after graduation, male median earnings are greater than female median earnings.

These differences increase with age of worker, which may explain some of the increasing gap in earnings between males and females,”

Earlier in the year, a Trade Union Congress report found that women earn less than men at every stage of their careers. The head of TUC, Frances O’Grady claimed that the figures suggested that Britain was 50 years away from pay parity.

As reported in The Independent, Sam Smethers, Fawcett Society Chief Executive said:

 “We have the best educated female workforce that we have ever had but these figures show that we are just not getting them into the right roles at the right levels.

“The pay gap is a productivity gap. We need to end occupational segregation and open up senior roles to flexible & part-time work.”

Despite a vow last summer by David Cameron to ‘end the gender pay gap in a generation’,  the UK is still very far behind the European average when it comes to gender equality at work.

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