In a week’s time I will learn whether my daughter has secured a place in her local, massively oversubscribed secondary school, or whether she hasn’t! Now - it seems like only a matter of moments ago that she started primary school so I figure that before I know it the discussion of higher education will be rearing its horribly expensive head.
A recent report published by HSBC has shown that nearly two in five of 4,500 parents surveyed, expect that a university degree will increase their children’s income earning potential and improve their subsequent prospects in the workplace. With many parents now funding their children’s tuition through university, one wonders if there has been a consequent increase in parental expectation of a return on their investment.
So, if you want to see your expenditure towards your children’s education paying off in future salaries, you would do well to peruse the Which? report of postgraduate highest salaries. London institutions dominate the top ten list with only Oxford and Cambridge universities stopping a total clean sweep for the capital. Topping the salary stakes are graduates of London School of Economics who can expect a very healthy average annual salary of £28,968. Imperial College London comes a close second with £28,831 and St George’s London takes bronze at £27,015.
Naturally, there’s more to education than can be quantified by money and university is mercifully a few years off in my house. In the meantime, I’m keeping my fingers crossed for the 1st March - secondary school allocation date!