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EDUCATION

These Danish university degrees lead to the best-paid jobs

University degrees within the fields of mathematics and natural sciences are at the top of the list of higher education fields that result in top-end wages.

These Danish university degrees lead to the best-paid jobs
File photo: Keld Navntoft/Ritzau Scanpix

A summary by Danish free market thinktank Cepos shows the subjects with the highest average earnings for graduates.

A record number of successful applicants – 69,529 – were accepted to begin their studies at Danish universities in 2020 after intakes were announced earlier this week.

But a record number who met entry requirements have also been disappointed, according to a report by DR, with 10,686 qualified applicants rejected from their desired study programme.

The number of places at university was also higher this year after the government passed a bill providing funding for an extra 5,000 university spots as part of its response to the coronavirus crisis.

Despite the higher number of applications, acceptances and rejections, 373 courses still have places available, according to DR’s report.

Whether those correspond to lower earning potential is unclear.

 

However, Cepos calculations take into account salary, income from self-employment, shares and stockholdings and interest earnings, along with welfare benefits like unemployment insurance (dagpenge) and child support payments.

The highest-earning qualification is for students of Actuarial Science (Danish: Forsikringsmatematik), who go on to qualify as actuaries. This group has an average income of 1,383,000 kroner (185,800 euros) annually, according to the Cepos top 20, which was also reported by Finans.

In second place, accountants who qualified after taking relevant the Master’s degree stand to earn an average of 1,106,000 kroner (148,600 euros) per year.

The third-highest earning group by study background is Mathematics-Economics (Matematik-Økonomi), whose average annual income after graduation amounts to 1,103,000 kroner (148,200 euros).

Popular degrees Medicine and Law also fare well in the analysis, placing 7th and 10th respectively on the Cepos list.

Cepos head economist Mads Lundby Hansen told news agency Ritzau that women were more likely than men to study the subjects which gave lower salaries.

“Our calculations show that women are underrepresented in the top 20 and, in turn, overrepresented in the bottom 20,” Hansen said.

“There has been a tendency for more women than men to choose degrees which give jobs with lower wages,” he added.

The economist added that he expected this to change in future, citing upper secondary school (Danish: gymnasium) grades and changing gender roles in society.

“… girls get higher grades at upper secondary school than boys. I expect the girls to take advantage of this in future,” he said.

The lowest-ranking subjects for earning potential feature art and music, according to the Cepos analysis.

Top 20 degrees in Denmark for potential earning:

  1. Actuarial Science (Danish: Forsikringsmatematik)
  2. Business Economics and Auditing (Revisorkandidat)
  3. Mathematics-Economics (Matematik-Økonomi)
  4. Dairy Agricultural Science (Mejeribrugsvidenskab)
  5. Management Engineering (Virksomhedssystemer)
  6. Political Science (Statsvidenskab)
  7. Medicine (Medicin)
  8. Advanced Economics and Finance (Avanceret økonomi og finansiering)
  9. Business Economics and Mathematics (Erhvervsøkonomi og matematik)
  10. Law (Jura)
  11. Chemistry (Kemi)
  12. Civil Engineering (Civilingeniør)
  13. Dentistry (Tandlæge)
  14. Business Economics (Erhvervsøkonomi)
  15. Computer Science (Datalogi)
  16. Pharmacy (Farmaci)
  17. Civil Engineering with specialisation
  18. Forestry (Skovbrugsvidenskab)
  19. Energy Technology (Energiteknik)
  20. Business Economics with IT (Erhvervsøkonomi og informationsteknologi)

A guide to all Danish higher educational programmes can be found at Uddannelsesguiden.dk.

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JOBS

Labour shortage hits half of Danish companies in construction sector

A record-high shortage of labour at some Danish companies is exacerbated in some places by a lack of materials, according to new data.

A file photo of construction in Aalborg. As many of half of construction companies in Denmark currently report a lack of labour.
A file photo of construction in Aalborg. As many of half of construction companies in Denmark currently report a lack of labour. Photo: Henning Bagger/Ritzau Scanpix

The construction industry reports a lack of labour at around half of all companies, according to a survey by Statistics Denmark, based on responses from businesses.

In the service industry, which includes restaurants, hotels and cleaning, one in three companies reported a lack of workforce.

Some industries, notable machinery related businesses, also said they are short of materials currently.

The lack of labour is holding the Danish economy back, according to an analyst.

“Never before have we seen such a comprehensive lack of labour in the Danish economy,” senior economist Søren Kristensen of Sydbank said.

“It’s a shame and it’s a genuine problem for a significant number of the businesses which at the moment are losing revenue as a consequence of the lack of labour,” Kristensen continued.

“That is costly, including for all of Denmark’s economic growth. Even though we on one side can be pleased that it’s going well for the Danish economy, we can also regret that it could have been even better,” the economist said in a comment to news wire Ritzau.

Despite the lack of labour, businesses have their most positive outlook for years, according to Statistics Denmark.

The data agency based its conclusions on a large volume of responses from companies related to revenues, orders and expectations for the future.

The numbers are processed into a measure termer business confidence or erhvervstillid in Danish. The October score for the metric is 118.7, the highest since 2010, although there are differences between sectors.

READ ALSO: Are international workers the answer to Denmark’s labour shortage?

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