Hungary topped the list of university degree pay-boosts, while Bulgaria came last at 35%.
The research investigated 13 European countries: Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Finland, Hungary, Latvia, Lithuania, Poland, Serbia, Slovakia, and Slovenia.
The differences in salary growth between graduates and employees with a secondary school degree are present from the beginning of careers.
In the 17-24 age group, graduates on average earn 34% more in the surveyed countries than those who completed secondary education only, Paylab explained in a press release sent to the Budapest Business Journal.
In this age group Hungary is tied in first place with Serbia, with both countries offering a 52% boost. In the other groups, Hungary is the clear leader, with graduates between 45-54 years of age registering a 124% wage growth compared to employees with secondary education.
Up to 45 years of age, university graduates can expect more significant salary increases compared to the cut-off point of 35 years in case of secondary school employees
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
