1 in 5 university grads end up at lower end of pay scales: report
Posted September 26, 2011 9:45 am.
This article is more than 5 years old.
More than 18 per cent of people with bachelor degrees don’t make the country’s median income of $37,002, the Globe and Mail finds.
In a recent study, the newspaper found that while a university degree can increase one’s earning potential, nearly one in five university graduates will still end up at the lower end of the pay scale.
That’s more than any other country in the Organization for Economic Co-operation and Development.
Meanwhile, a recent Macleans.ca article found that a university degree increased wages in health care, senior management and in the legal field.
“In those industries, workers with university degrees make about 40 per cent more than those with no post-secondary credential,” a study from the Martin Prosperity Institute found.
An average bachelor degree costs $5,366 a year, an increase of 4.3 per cent over last year according to Statistics Canada.
