Wednesday 15th Jan 2020
When applying to university, most students use league tables to help them decide which university they should study at and aim for the top 10 - believing these are the best for their future. However, the league tables do not tell the full story.
Students wanting to start their own business or become CEOs and Managing Directors would think that the best university for this would be the highest ranked in the UK. However, a recent study conducted by Hitachi Capital Invoice Finance revealed that the University for the Arts London was the number one ranked university in the UK for students graduating to start and manage a business.
Known as the overall 39th best university in the UK, one in five (19.85%) of the creative university’s alumni became business leaders after graduating from the university. Almost one in ten (9.21%) of the alumni used their degrees to form their own start up – beating the likes of Oxford and Cambridge to the top spot.
Falmouth University ranked 2nd in the study with a total of almost one in five (19.77%) students managing a business or creating their own. This is a huge climb up the table for the Cornish university which ranks as the 52nd best university in the UK according to the league tables.
Graduates from the university are also the most likely in the UK to pursue freelancer roles with over one in ten (10.55%) previous students currently freelancing.
The redbrick university, the London School of Economics and Political Science (LSE) ranked third in the UK with one in six (16.10%) of their graduates running or owning a business. Graduates from the Golden Triangle university were also the most likely in the UK to manage a business with 8.90 per cent holding CEO and Managing Director job roles.
Claiming 4th place in the study, and the top spot in the rivalry of the Oxbridge universities, the University of Oxford places ahead of Cambridge in the study with over one in seven (15.23%) alumni from the prestigious university becoming business leaders.
Rounding off the top five, and completing the Golden Triangle, is the highest ranked overall university in the UK, the University of Cambridge. 14.85 per cent of Cambridge gradates progress into CEO roles or starting their own company.
The world-renowned university completes the top five UK universities for founding or managing a business – all the universities are located in the south of the UK.
Here’s how the north of the UK matched up against their southern rivals.
The highest-ranking university in the north was the University of Bradford, one in eight (12.14%) of their students start their own company or work in senior managerial roles upon finishing their degree. The university ranks 71st in the UK overall and at an impressive 19th in the study.
The University of St Andrews ranks in 2nd place in the north with over one in nine (11.90%) students fulfilling business leadership roles after their studies. 5.48 per cent of alumni from the Scottish university start their own business making the Wallace Group university’s student the most likely in the north to create their own company.
Completing the top three for the north is the University of Cumbria - one in nine (11.62%) of their students hold business leadership roles after graduating from the university. The university has made a huge gain from 116th in the UK league tables to 25th in the study.
The University of Manchester ranks a close 4th in the north with 11.60 per cent of their students creating or managing a business. The redbrick university is the 2nd best in the north for having alumni working in CEO roles.
The top five of the northern universities is completed by another Manchester university, the University of Salford. The northern university currently has one in nine (11.17%) students currently owning their own company or holding business leadership roles.
HCIF commissioned this study involving 9,544,010 former university students in the UK. This was obtained by using LinkedIn data of all the students with the university on their profile, who have job titles associated with starting or running a business.