In Spain, University students who have studied five years to earn a Master degree, determined to start a professional, successful career, run a good chance of earning barely 1,000€ a month. More than a quarter of Master graduates, 27% to be more precise, are working for a salary of this kind and 8,8% of them even for less than 600€.
This data stems from the “Barometer of employability and university employment”. The report is centered on 50 public and private universities with a sample of more than 6,700 students surveyed in 2017. It further says that salary is one of the main reasons for dissatisfaction. 16.3% earn between 1,000 and 1,200€; 18.5% between 1,200 and 1,600€; 18.4% between 1,600 and 2,100€ and 13.1%, from 2,100 to 3,000 euros per month.
When being asked whether the Spanish University is culpable, Roberto Fernández, rector of the University of Lleida, stated that “it’s not entirely to blame. It’s a state issue, just as you have to do reforms in the University to contribute to well-being with greater employability, you need deep reforms in society. This Problem cannot be fixed by the University.”
It clearly is not only a matter of higher education but also of the current job market. Not only do many graduates work below their actual value, but also often in completely different fields than what their studies were about.
In order to improve the current situation, Universities can help by means of including more English courses, introducing obligatory internships and more spin-offs (companies created within the campus), according to Fernández. But, of course, in an improvement of the budget is essential for such a change.