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Is your background a factor for success?

Your background still influences your earnings even after graduation according to a recent study published by the Institute for Fiscal Studies (IFS). Findings show that ten years after graduation students from richer family backgrounds earn on average £8,000 a year for men and £5,300 a year for women more than students from lower-income backgrounds. The research linked anonymised individual Student Loans Company data with HMRC tax records over a 10 year period for 260,000 students comparing earnings, institution attended and subject studied. [Link to source article] [Summary webpage]