While ethnicity continues to play a part in graduate job prospects, the effect of social class seems to have much less impact by the time students graduate.
New universities, which had formerly been polytechnics, showed particularly high rates of employment among recent graduates, with 100% of students from Luton finding work within six months, compared with 93% for Oxford and 97% for Cambridge.
The lecturers' union, Natfhe, said the figures were "a vindication of the new universities".
General secretary, Paul Mackney, said: "Even starved of cash and resources, our university teachers are among the very best in the world at educating for employment".
"New university lecturers receive only two-thirds of the teaching income of their old university counterparts but still manage to turn out highly employable, capable graduates," Mr Mackney said.
Universities UK, which represents heads of universities, said the research showed that a degree was a valuable investment in terms of career prospects.
As well as those in work, almost a fifth of students were involved in further study six months after graduating.
The table below shows institutions' graduate employment record (first column of figures) against the funding council's benchmark (second column) - how it expects them to do. They are ranked on the difference (third column).
| Institution | % | % | +/- |
| University of Luton | 100 | 93 | 7 |
| University of Kent at Canterbury | 98 | 94 | 4 |
| Nottingham Trent University | 98 | 94 | 4 |
| Newman College | 100 | 97 | 3 |
| Royal Northern College of Music | 100 | 97 | 3 |
| Central School of Speech and Drama | 98 | 95 | 3 |
| College of St Mark & St John | 98 | 95 | 3 |
| Bretton Hall | 97 | 94 | 3 |
| University of Hull | 97 | 94 | 3 |
| University of Aberdeen | 97 | 94 | 3 |
| Napier University | 97 | 94 | 3 |
| Trinity College Carmarthen | 97 | 94 | 3 |
| University of Stirling | 96 | 93 | 3 |
| Glasgow School of Art | 95 | 92 | 3 |
| Royal Academy of Music | 100 | 98 | 2 |
| Trinity College of Music | 100 | 98 | 2 |
| Welsh College of Music and Drama | 99 | 97 | 2 |
| Imperial College | 98 | 96 | 2 |
| Robert Gordon University | 98 | 96 | 2 |
| Brunel University | 97 | 95 | 2 |
| University College Chichester | 97 | 95 | 2 |
| Cranfield University | 97 | 95 | 2 |
| Loughborough University | 97 | 95 | 2 |
| Trinity & All Saints | 97 | 95 | 2 |
| City University | 96 | 94 | 2 |
| University of Portsmouth | 96 | 94 | 2 |
| College of Ripon & York St John | 96 | 94 | 2 |
| University College Worcester | 96 | 94 | 2 |
| Coventry University | 95 | 93 | 2 |
| University of Central England in Birmingham | 94 | 92 | 2 |
| De Montfort University | 94 | 92 | 2 |
| University of Sunderland | 94 | 92 | 2 |
| The London Institute | 93 | 91 | 2 |
| Ravensbourne College | 93 | 91 | 2 |
| University of London (Institutes and activities) | 100 | 99 | 1 |
| University of Wales College of Medicine | 100 | 99 | 1 |
| Bishop Grosseteste College | 99 | 98 | 1 |
| University of Surrey | 99 | 98 | 1 |
| University of Cambridge | 98 | 97 | 1 |
| Royal College of Music | 98 | 97 | 1 |
| Northern School of Contemporary Dance | 97 | 96 | 1 |
| University of Nottingham | 97 | 96 | 1 |
| Queen Margaret University College | 97 | 96 | 1 |
| University of Birmingham | 96 | 95 | 1 |
| University of Bradford | 96 | 95 | 1 |
| Canterbury Christ Church University College* | 96 | 95 | 1 |
| Cheltenham and Gloucester CHE | 96 | 95 | 1 |
| University of Leeds | 96 | 95 | 1 |
| University of Liverpool | 96 | 95 | 1 |
| University of Manchester | 96 | 95 | 1 |
| University of York | 96 | 95 | 1 |
| University of Dundee | 96 | 95 | 1 |
| University of Edinburgh | 96 | 95 | 1 |
| University of St Andrews | 96 | 95 | 1 |
| The Queen's University of Belfast | 96 | 95 | 1 |
| University of Essex | 95 | 94 | 1 |
| Keele University | 95 | 94 | 1 |
| UMIST | 95 | 94 | 1 |
| University College Northampton | 95 | 94 | 1 |
| University of Surrey Roehampton | 95 | 94 | 1 |
| Heriot-Watt University | 95 | 94 | 1 |
| University of Wales, Swansea | 95 | 94 | 1 |
| Anglia Polytechnic University | 94 | 93 | 1 |
| Kingston University | 94 | 93 | 1 |
| Liverpool Hope | 94 | 93 | 1 |
| Southampton Institute | 94 | 93 | 1 |
| University of North London | 93 | 92 | 1 |
| University of Abertay Dundee | 93 | 92 | 1 |
| St George's Hospital Medical School | 100 | 100 | 0 |
| Stranmillis University College | 98 | 98 | 0 |
| Northern College of Education | 97 | 97 | 0 |
| St Mary's University College | 97 | 97 | 0 |
| Aston University | 96 | 96 | 0 |
| University of Bristol | 96 | 96 | 0 |
| University of Reading | 96 | 96 | 0 |
| St Mary's College | 96 | 96 | 0 |
| University of Brighton | 95 | 95 | 0 |
| King Alfred's College, Winchester | 95 | 95 | 0 |
| University of Leicester | 95 | 95 | 0 |
| London Sch of Economics & Political Sci | 95 | 95 | 0 |
| Rose Bruford College | 95 | 95 | 0 |
| St Martin's College | 95 | 95 | 0 |
| University of Southampton | 95 | 95 | 0 |
| University of West of England, Bristol | 95 | 95 | 0 |
| Westminster College, Oxford | 95 | 95 | 0 |
| University of Strathclyde | 95 | 95 | 0 |
| Dartington College of Arts | 94 | 94 | 0 |
| Wye College, University of London | 94 | 94 | 0 |
| University of Ulster | 94 | 94 | 0 |
| Bath Spa University College | 93 | 93 | 0 |
| Buckinghamshire Chilterns University College | 93 | 93 | 0 |
| Chester College of Higher Education | 93 | 93 | 0 |
| Edge Hill College of Higher Education | 93 | 93 | 0 |
| University of Greenwich | 93 | 93 | 0 |
| University of Northumbria at Newcastle | 93 | 93 | 0 |
| University of Plymouth | 93 | 93 | 0 |
| Queen Mary and Westfield College | 93 | 93 | 0 |
| Royal Scottish Academy of Music & Drama | 93 | 93 | 0 |
| University of Lincolnshire and Humberside | 92 | 92 | 0 |
| Middlesex University | 92 | 92 | 0 |
| Staffordshire University | 92 | 92 | 0 |
| University of Westminster | 92 | 92 | 0 |
| University of Wales College, Newport | 92 | 92 | 0 |
| Bolton Institute of Higher Education | 91 | 91 | 0 |
| The Surrey Inst of Art & Design Univ Col | 90 | 90 | 0 |
| Homerton College, Cambridge | 99 | 100 | -1 |
| University of Bath | 96 | 97 | -1 |
| Oxford Brookes University | 95 | 96 | -1 |
| University of Sheffield | 95 | 96 | -1 |
| University of Durham | 94 | 95 | -1 |
| University of Exeter | 94 | 95 | -1 |
| King's College London | 94 | 95 | -1 |
| University of Newcastle upon Tyne | 94 | 95 | -1 |
| Royal Holloway, University of London | 94 | 95 | -1 |
| Cardiff University | 94 | 95 | -1 |
| University of East Anglia | 93 | 94 | -1 |
| University of Hertfordshire | 93 | 94 | -1 |
| Lancaster University | 93 | 94 | -1 |
| Sheffield Hallam University | 93 | 94 | -1 |
| Glasgow Caledonian University | 93 | 94 | -1 |
| University of Central Lancashire | 92 | 93 | -1 |
| University of Derby | 92 | 93 | -1 |
| Goldsmiths College | 92 | 93 | -1 |
| Manchester Metropolitan University | 92 | 93 | -1 |
| North East Wales Institute | 92 | 93 | -1 |
| University of Teesside | 91 | 92 | -1 |
| University of Oxford | 95 | 97 | -2 |
| University of Warwick | 94 | 96 | -2 |
| Bournemouth University | 93 | 95 | -2 |
| University of Glasgow | 93 | 95 | -2 |
| University of Wales, Bangor | 92 | 94 | -2 |
| University of Huddersfield | 91 | 93 | -2 |
| University of Wales, Aberystwyth | 91 | 93 | -2 |
| University of Glamorgan | 90 | 92 | -2 |
| Thames Valley University | 89 | 91 | -2 |
| University of Wolverhampton | 89 | 91 | -2 |
| Writtle College | 89 | 91 | -2 |
| Royal Veterinary College | 94 | 97 | -3 |
| University College London | 93 | 96 | -3 |
| University of Sussex | 92 | 95 | -3 |
| Leeds Metropolitan University | 91 | 94 | -3 |
| University of Wales Institute, Cardiff | 91 | 94 | -3 |
| Liverpool John Moores University | 90 | 93 | -3 |
| North Riding College | 90 | 93 | -3 |
| University of Salford | 90 | 93 | -3 |
| School of Oriental and African Studies | 89 | 92 | -3 |
| Edinburgh College of Art | 88 | 91 | -3 |
| University of Paisley | 88 | 91 | -3 |
| University of Wales, Lampeter | 87 | 90 | -3 |
| Norwich School of Art & Design | 84 | 87 | -3 |
| Harper Adams University College | 88 | 92 | -4 |
| London Guildhall University | 87 | 91 | -4 |
| South Bank University | 87 | 91 | -4 |
| University of East London | 86 | 90 | -4 |
| Swansea Institute of Higher Education | 86 | 92 | -6 |
| Cumbria College of Art & Design | 77 | 85 | -8 |
| Falmouth College of Arts | 74 | 85 | -11 |
| Source: Hefce |