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The report, commissioned by Investec Private Banking, draws on a survey of more than 2,000 graduates and professionals and finds that attitudes about whether a degree is a necessity and a worthwhile investment vary across the UK.

Other regions where more than half of people agreed that a degree was essential were London, Yorkshire and Humberside and the East of England, says the report, Investec Professions. A degree was seen as less important by those living in the North West, Scotland, Northern Ireland, the South and the Midlands.

When asked whether they agree with the statement ¡°?9,000 a year in fees for a degree is not worth it¡±, the highest proportion of people agreeing was found in the North East, at 63 per cent. Meanwhile, just 35 per cent of people in the East of England agreed that such fees were not worth the money.

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