BA degree holders earn more than those with a bachelor of science degree and more than other students in all sectors of the labour market.
The figures are from the annual employment report of the Department for Business, Innovation and Skills (BIS), published on Thursday.
In the year ending June 2018, the average hourly earnings of graduates were up 7.1 per cent, to £41,700.
The average salary of an associate degree holder was up 7 per cent to £32,100, while those with an MBE were up 8.4 per cent on a year earlier to £47,900.
However, the figures do not include any graduates who are currently unemployed, so those figures could be down slightly.
The BIS said that in the year to June 2018 there were 1.1 million graduates in employment and that they were earning an average of £36,100 an hour.
In other sectors, the BIS reported that the average wage was £41.50 an hour in 2018, up 2.2 per cent from £40.30 an hour a year ago.
Overall, the figure for all employment is up by 7.7 per cent in the past year, the highest in the last decade.
The unemployment rate for graduates in all employment has dropped by 5.3 per cent over the same period, to 3.4.
There are no figures for students who are in work or training, and it is not clear if the figures include graduates who have left university.
BIS chief executive Sir Andrew Green said the figures showed the importance of education to people.
“While there is a huge amount of work to do, the graduates of our schools are leading our country in economic growth, creating thousands of new jobs, and helping to keep our economy running strong,” he said.
“We’re making progress, but it’s still too early to tell if these figures will lead to further improvements.”
