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Real-terms salaries for PhDs decline over five years


Leo data show small rise for some graduates, while others see fall in real earnings

Real-terms graduate earnings for those with an undergraduate degree have increased over five years, but those with a PhD-level qualification have seen a drop in their spending power, official statistics show.

The latest Longitudinal Education Outcomes (Leo) data show that all types of graduates saw their pay rise in the five years from 2014-15 to 2019-20.

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