Which University Degrees Pay the Most Over a Lifetime

Thu Jun 25 2026 13:22:01 GMT+0000 (Coordinated Universal Time)

Find out how different university courses can affect your lifetime earnings and which ones may leave you worse off.

New research reveals that the financial payoff of a university degree can differ dramatically depending on the chosen subject. Medicine and economics offer the highest lifetime earnings, while creative arts, philosophy and languages may result in little or negative gains. The Department for Education plans to curb enrollment in courses with poor returns, and experts argue for stronger apprenticeship paths to give young people realistic alternatives. Average graduates still earn about £100,000 more over their lifetime, but up to a quarter could see a net loss by the time they retire.

Which University Degrees Pay the Most Over a Lifetime

A new Institute for Fiscal Studies report shows that a degree can boost a person’s lifetime earnings, but the boost depends heavily on the subject studied. The study, based on a cohort of 1980s-born students in England, compares lifetime earnings of graduates to similarly educated peers who did not attend university.

Top performers are in medicine, where graduates could earn up to £400,000 more than non‑graduates. Economics also offers a sizeable premium, while jobs in engineering and finance tend to lie in between.

Low‑performers include creative arts, philosophy and languages, which may provide little or even negative financial return compared with peers without a degree. The Department for Education is now planning to limit courses that show consistently poor returns and to introduce minimum English‑language requirements for student finance eligibility.

Overall, the average graduate’s lifetime income exceeds that of a peer who did not pursue university by roughly £100,000 after tax and loan repayments. However, the data also shows that up to 25% of graduates could end up worse off financially over their careers.

Implications for Choice and Policy

Education minister Jacqui Smith warned prospective students to be cautious in selecting a degree, stressing that “university is not a guaranteed path to success” and that “not all degrees are equal.”

The charity Sutton Trust highlighted that while university remains a reliable route to social mobility, the future presents a dilemma: students being told to avoid degrees must instead be offered credible alternatives like apprenticeships and technical programmes, which are currently insufficient in number.

University UK’s chief executive emphasized that subjects such as the arts contribute to cultural and creative industries and should not be dismissed as lacking economic value, especially in an era of rapid automation where human insight is increasingly prized.

For more on student loan terms and how many students did not understand them, see the latest inquiry report.