Graduate Salary Progression 2026: What the Data Shows

Graduate salary progression is the story of how your pay grows after your first job. Most graduates fix their eyes on the starting figure. The bigger number is the one you reach by year five.

This guide uses official data to show what happens to graduate pay over time. It names the source each time. It also shows what the numbers leave out. You can then judge your own offers with a clear head.

TL;DR

  • The official data looks at pay one, three, five and ten years after graduation.
  • Cash pay rose between 2017-18 and 2023-24, but real pay barely moved.
  • The spread of pay inside one subject can be wider than the gap between subjects.
  • Hours worked explain much of the gap between men and women.

What the Progression Data Measures

The UK Department for Education publishes a release called Graduate labour market outcomes (LEO). The latest covers the 2023-24 tax year. It was published in June 2026 and updated in September 2026.

It tracks people who studied at higher education providers in England. It reports their outcomes after one, three, five and ten years.

The main measure is annualised earnings. That means the total income a person makes in a year of work. If someone only worked for part of the year, the figures are scaled up to a full year.

That choice matters. The release does not scale earnings up for people who work fewer hours each week. So a graduate on short hours can look underpaid next to one on full hours, even at the same hourly rate.

Graduate Salary Progression at the Five-Year Mark

Five years after a first degree, pay spreads widely by subject. Medicine and dentistry had the highest median earnings. Performing arts had the lowest.

The gap inside a subject can be just as wide as the gap between subjects. Economics graduates had the widest range, with a spread of £32,900. Sport and exercise sciences had the narrowest, at £11,700.

What the data showsFigureSource
Best paid subject at five years.Medicine and dentistry.DfE LEO release, 2023-24 tax year.
Lowest paid subject at five years.Performing arts.DfE LEO release, 2023-24 tax year.
Widest pay spread within one subject.£32,900 for economics.DfE LEO release, 2023-24 tax year.
Narrowest pay spread within one subject.£11,700 for sport and exercise sciences.DfE LEO release, 2023-24 tax year.

Read that table with care. A wide spread means some graduates in that subject earn far more than others. It does not mean every economics graduate is rich.

Cash Pay Rose, Real Pay Did Not

Between the 2017-18 and 2023-24 tax years, average graduate pay at five years went up in cash terms. In real terms, the picture is flat.

The release says real earnings rose slightly for first-degree graduates and fell slightly for master's level graduates. So most of the rise in the headline figure was inflation.

That is a hard lesson. A pay rise that matches inflation leaves you standing still. When you compare offers from different years, ask what the figure buys. Do not stop at what it says.

The Hours Problem Behind the Pay Gap

Male graduates earned more than female graduates in many subjects, but not all. The biggest proportional gap was in combined and general studies. There, women earned 24.0% less than men.

In pharmacology, toxicology and pharmacy, women earned 9.1% more than men. So the gap is not fixed across every field.

Hours explain a lot of it. The release adjusts pay using average weekly hours from the Labour Force Survey. After that fix, full-time equivalent salaries were £1,900 to £2,500 higher than the raw figures.

The release notes that the pay gap shrinks a lot once hours are counted. That points to working patterns, not just hourly rates.

Background Still Shapes Pay

Graduate pay is not only about effort at work. The data splits graduates by the area they lived in as children.

Graduates from the least deprived areas earned £3,400 more than those from the most deprived areas. The share in steady work or further study was 5.3 percentage points higher too.

That gap is not fair, and it is not your fault. It does mean that contacts and confidence may matter as much as talent. Build both on purpose.

How to Speed Up Your Own Pay Growth

  • Pick a role with a clear pay ladder. A firm with yearly reviews beats one with a flat rate.
  • Ask what the next level pays. Then ask which skills open that door.
  • Track your own numbers each year. Note base pay, bonus and weekly hours.
  • Compare full-time equivalent pay. A high hourly rate on short hours can still pay less.
  • Check the going rate before you name a number. Our guide to graduate pay by industry sets out the ranges.

Where the Data Stops

The release covers graduates from English providers who live in the UK. It cannot tell you what a graduate earns in Nairobi, Kampala or Manila.

The lesson still travels. Pay grows fastest where skills are scarce and firms compete for them. Find that market at home, or work remotely for a firm that pays in a stronger currency.

The data also cannot tell you if a job is good. Pay is one line in a longer list. Read our guide on how long to stay in your first graduate job before you plan a move.

The Bottom Line

Your first salary is a starting point, not a verdict. Official data shows the spread inside a subject is wide. Effort, hours, sector and luck all move the number.

Start with a clear target. Our list of highest paying degrees by subject shows which fields climb fastest. Your degree sets the lane, not the speed.

Then let Padgrad help. Check your CV with our free CV checker. Build a profile that matches the roles you want, and apply with less busywork.

By Ori