Magazine article Times Higher Education

The Difference between an 'Attila' and a 'Desmond'? Two Grand a Year: News

Magazine article Times Higher Education

The Difference between an 'Attila' and a 'Desmond'? Two Grand a Year: News

Article excerpt

Graduates who scrape upper second-class degrees earn over Pounds 2,000 a year more in their first jobs than those who narrowly miss out on what is now a must-have for many employers.

Researchers at the London School of Economics have found that graduates who just manage to achieve a 2:1 earn 7 per cent more on average than those who fall short by a single mark.

While the long-term impact on graduate income is not yet known, if the initial earning gap persists it could mean graduates with low 2:1s earn an estimated Pounds 81,000 more over a 40-year working lifetime than those with high 2:2s.

The study comes at a time of heightened concern about the fairness of the UK's degree-classification system.

Critics argue that a US-style grade-point average (GPA) scheme is required to smooth the "cliff edges" between UK classifications that can harm the long-term employment prospects of those falling short of 2:1s by a few marks.

The study into the "2:1 effect" was carried out by Andy Feng and Georg Graetz, two PhD students at the LSE's Centre for Economic Performance, who analysed the marks and future earnings of graduates leaving the school between 2005 and 2010.

To see if the final classification made a difference to students of similar academic ability, they looked at the salaries of graduates whose marks were just above the 2:1 threshold compared with those who were just below.

Since the critical threshold for a 2:1 is achieving 60 per cent in at least four papers out of nine, they focused on the mark of the fourth- highest exam. …

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