Female graduates earn 17% less than their male peers five years after finishing an undergraduate course a new study shows.
The benchmarking website Emolument.com conducted the study by crowdsourcing data from more than 49,000 anonymous individuals.
Female MBA students are slightly better off compared to university graduates, with the pay gap between men and women narrowing to 13 % five years after finishing their MBA.
However, if one factors in bonuses the gap grows to a staggering 26% between men and women, with women’s bonuses being 46 % smaller than men’s.
“The gender gap in salaries is a real issue in the UK today,” Thomas Drewry, CEO of Emolument.com, told Business Insider.
“Taking the decision to go to university or study for an MBA is a huge investment in terms of both time and money, so it is important for people to consider what their earning potential might be when they have graduated, so they can manage their own career more effectively.”
Oxford and Cambridge were two of the universities with the biggest gap between former male and female students with males earning 14% and 19% more than their female peers.
London School of Economics and King’s College London had a smaller gap of about 3%.
However, Kings College London is currently the target of a petition after recent official figures showed that female academics at the university may earn £10,000 less than their male peers.
The petition was started after statistics from the Higher Education Statistics Agency showed that women academics at the university were being paid an average of £46,030 annually while the men were paid £56,301 – a 19% difference.
Jacqueline Robbins, the Phd student behind the petition states: “That’s a bigger pay gap than what the ‘Made in Dagenham’ women encountered at Ford in the ‘60s. Slightly embarrassing.”
The petition urges the university’s principal to publish the results of a pay review highlighting the difference in salaries between men and women.
A spokesperson from the university has stated that the pay gap is due there being fewer women in high paid roles at King’s College London.