The worthless degrees that add nothing to your pay

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Despite spending thousands on their higher education, some arts graduates are no better off than if they had only taken A-levels, a study by the Institute of Education reveals.

Only women with politics degrees could find themselves worse off than those with arts qualifications.

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Accountancy graduates can earn almost double in their lifetime than counterparts with an arts degree

But accountancy graduates gained the most financially, earning up to 40 per cent more than arts graduates.

The study, presented at a conference of theBritish Educational Research Association in London today, blames a surplus of graduates, particularly in the arts.

In the Eighties only five per cent of the UK workforce had a degree but now almost one in four people is a graduate.

Latest figures from PricewaterhouseCoopers show that the average university graduate earns £160,000 more between the ages of 21 and 60 than someone with A-levels alone.