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Economics vs Politics: Graduate Salary Compared

Five years after graduating, UK Economics graduates earn more — a median £50,400 vs £35,400 for Politics. That is £15,000 more (42%). Real DfE LEO figures, 2022-23 tax year.

Quick answer

Economics pays more than Politics: a 5-year median of £50,400 versus £35,400 — a £15,000 (42%) gap. Source: DfE LEO, 2022-23 UK tax year (DfE LEO graduate outcomes).

Earnings compared, side by side

Median gross annual earnings of UK-domiciled first-degree graduates, 2022-23 tax year.

MeasureEconomicsPolitics
1 year after graduation£29,600£25,600
Lower quartile (5yr)£36,100£27,400
Median (5yr)£50,400£35,400
Upper quartile (5yr)£67,500£48,900
Rank (of 34 subjects)#2#12
Graduates in cohort5,4805,190

Ranks are by 5-year median earnings across all 34 DfE CAH level-1 subject groups.

Frequently asked questions

Does Economics or Politics pay more after graduation?
Economics pays more. Five years after graduation, UK graduates of Economics earn a median £50,400 versus £35,400 for Politics — a difference of £15,000 (42% more). Source: DfE LEO, 2022-23 tax year.
What do Economics graduates earn one and five years after graduating?
Economics graduates earn a median £29,600 one year after graduation and a median £50,400 five years after — with most earning between £36,100 and £67,500 (lower–upper quartile). That is £19,000 (61%) above the all-subject median of £31,400.
What do Politics graduates earn one and five years after graduating?
Politics graduates earn a median £25,600 one year after graduation and a median £35,400 five years after — with most earning between £27,400 and £48,900 (lower–upper quartile). That is £4,000 (13%) above the all-subject median of £31,400.
Where do these graduate-salary figures come from?
From the Department for Education's LEO (Longitudinal Education Outcomes) release, 2022-23 UK tax year (DfE LEO graduate outcomes). They are median gross annual earnings of UK-domiciled first-degree graduates in sustained employment, measured in the 2022-23 tax year, published under the Open Government Licence. These are medians — half of graduates earned less and half more; subject choice does not guarantee any individual salary.

Related comparisons

Data: DfE LEO Graduate Outcomes, 2022-23 UK tax year (DfE LEO graduate outcomes). Open Government Licence v3.0. Figures are medians for graduates in sustained employment and do not guarantee individual earnings. A Gera Systems product.