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Wages (statutory minimum, average monthly gross, net) and labour cost (2005) CE Europe; Wages and Taxes for the Average Joe in the EU 27 2009; Moldovans have lowest wages in Europe; UK Net Salary Calculator; Database Central Europe: wages in Central and Eastern Europe; Spain net salary calculator
As of 2011 the established middle class had an average household income of £47,000 a year and owned a home worth an average of £177,000 with average savings of £26,000. Many were graduates, and a majority of their members work in the professions or management. Many originated from professional and managerial families.
Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612. [1]
Median household disposable income in the UK was £29,400 in the financial year ending (FYE) 2019, up 1.4% (£400) compared with growth over recent years; median income grew by an average of 0.7% per year between FYE 2017 and FYE 2019, compared with 2.8% between FYE 2013 and FYE 2017. [2]
In 2005, the average starting earnings (salary plus bonuses) for a medical graduate was £32,086. [39] In an inflationary environment, all wage-earners, including doctors, may find the buying power of their income becomes less; some describe this as a real-terms cut in pay of 15% between 2007 and 2014. [38]
The department also produces graduates with the highest average pay of any course six months after graduation, [32] and the highest in the subject five years out, earning an average of £60,000, ahead of second place Oxford by £4,200.
The first regular salary was £400 per year, introduced in 1911. For comparison, average annual earnings were £70 in 1908. [6] Salaries were reduced 10% in the 1930s, during the Great Depression. [1] Some subsequent salary levels were £1,000 in 1946, £3,250 in 1964, £11,750 in 1980, and £26,701 in 1990. [2]
In the UK in 2014, students starting degrees were 25% female, compared with 15% in engineering. [14] US graduates who responded to a 2015 salary survey were 18.8% female. [10] According to the latest 2023 figures, Bayes Business School graduates get an average of £51,921 within 5 years of graduation, which is the most among UK universities.