The value of a GCSE has been revealed for the first time, as an official analysis shows that every higher grade is worth an extra £23,000.
For the first time, researchers at the Department for Education (DfE) have quantified the link between better exam results at age 16 and earning potential.
They calculated that pupils who achieve just one grade higher in a GCSE subject will go on to earn an average of £23,000 more over their lifetime.
And students who secure one grade higher than their peers in each of their nine subjects can expect to earn an extra £207,000 before they retire.
It’s rather more likely that those who have the brains and application – the second possibly being the more important – to do the work to get the higher grades will earn more. The higher grades therefore being a signal of the brains and application, not themselves the cause of the higher earnings.
Straining mightily to plop a higher grade into the latrine of life isn’t causing the higher incomes……