There are many benefits of studying a postgrad degree: the opportunity to study something you love, to specialise in an area of interest or to gain personal and professional skills. However, a master’s is expensive, meaning you may have to consider its value in purely financial terms too. So let’s take a look at whether a postgrad degree will benefit you financially in the long run.
The good news is that the job prospects for postgrads are getting better. The latest research, from higher education careers service Prospects, shows that unemployment rates for master’s students six months after completing their course has fallen nearly two percentage points, from 9.4 to 7.5.