One in five students would be richer off if they had skipped university

One in five students would be richer off if they had skipped university with almost none benefiting financially from a creative arts degree

Study found about 70,000 a year would earn more if they’d gone straight to workInstitute of Fiscal Studies found almost no financial benefit in creative arts studyReport based on earnings of individuals who went to university in the mid-2000s

One in five students would be financially better off if they had not gone to university, a study has found.

About 70,000 young people each year would earn more had they gone straight into the workforce, it said.

Analysis by the Institute of Fiscal Studies found that almost no students benefit financially from a creative arts degree, and that few studying social care will go into high-earning careers.

About 70,000 young people each year would earn more had they gone straight into the workforce, a new study has found (file picture)

Some science subjects also struggle to provide an overall financial benefit.

Female graduates in medicine, law and economics can command an extra £250,000 on average over their lifetimes, but male graduates in medicine and economics can expect to net an extra £500,000. The IFS said the gap could be because of women taking time out to start a family.

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