Someone PM me that the following can't be accessed from the computer:
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http://news.telegraph.co.uk/news/mai...06/nearn06.xml)
Go to a private school and a top college – and add £60,000 to your salary
By Julie Henry, Education Correspondent
(Filed: 06/03/2005)
An independent school education followed by a degree at an elite university can add more than £60,000 a year to your earnings.
A 20-year study, tracking hundreds of children who started secondary school in the 1980s, has found that people who went to leading universities were four times more likely to earn more than £90,000 a year in their thirties than those who attended "new" universities, most of whom earned less than £30,000. Of those in the top income bracket, 85 per cent had gone to private schools, while 61 per cent of those earning less than £30,000 had attended state schools.
The research, commissioned by the Government-funded Economic and Social Research Council, and called Success Sustained?, interviewed 600 "academically able" pupils from a variety of backgrounds, who started secondary school in the early 1980s. The paper, to be published later this year by London University's institute of education, found that most of the individuals, now in their thirties, were doing well. Those doing best, however, had attended independent schools and leading universities.
The study shows that 41 per cent of those who went to elite universities were in the highest social and occupational class. This compared with 28 per cent who went to other "old" universities and eight per cent who went to "new" universities, generally former polytechnics.
There was also a strong relationship between earning levels and the status of the university, attended, researchers found.
Those who went to leading universities were four times more likely to be earning more than £90,000 than those who went to new institutions. An even closer connection between school type and salary levels emerged. About 85 per cent of those on £90,000-plus a year were privately educated, while 61 per cent of those earning less than £30,000 were state educated.
The study said: "Meritocratic arguments could be used to explain the connection between schooling and earnings, as privately schooled respondents obtained higher A-levels and more went to Oxbridge.
"However, the legacy of private education is also evident in the relative success of a small group who did not go to university, which suggests that an elite private education confers advantages other than high levels of academic attainment."
Research by the London School of Economics found that between the early 1980s and late 1990s, the proportion of children from the richest families who had completed a degree by the age of 23 rose from 20 per cent to almost half. In the same period, the number of graduates among the poorest quarter of families crept up from six per cent to just nine.
Aaron Simpson, 33, who attended £18,000-a-year Brentwood School, in Essex, and St Edmund Hall, Oxford, said his "privileged" education had contributed to his success. As co-founder and chief executive of Quintessentially, a concierge service for the "super rich", some of his alma mater have become customers.
Mr Simpson, from Islington in north London, said: "I was told at 14 that I would be put in for Oxbridge. It can work two ways. It can be difficult if you are told you will achieve something and then don't achieve it, or it can be a good focus for your efforts. I concentrated on the subjects I knew I could do well in, as I was never a sportsman.
"St Edmunds was not a rich college but it had people from all backgrounds," he said. "It was only after graduating that I realised fully the implications of having gone to Oxford. The big gap in earnings between old and new institutions seems surprising but not when you consider that these places are feeders into the professions. Banks and law firms were picking undergraduates off before they even left."
Mr Simpson, who founded a film company and produced the British movie Mad Cows at 25, said his education had helped to prepare him for life. "At an early age I was negotiating £3 million contracts and trying to extract money from people in their forties and fifties," he said. "It could be quite daunting at 24, but I think my education gave me the confidence to carry it off."
Martin Stephen, the head of £19,000-a-year St Paul's School, in south-west London, said: "If you've been fortunate enough to go to a good school and then go on to a good university, there are no excuses. You ought to do well.
"The best schools give you a mixture of drive and self-understanding."