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Postgraduate study can be a great opportunity to gain advanced training, new skills and in-depth subject knowledge. But will it make you more employable? Elsewhere in this section you can about the value of postgraduate study, including advice on employer perspectives. A Masters degree is a qualification to be proud of, whatever your plans. But, for most students, it's also a big investment of time, effort and, of course, money.
Some students do study a Masters purely for the love of their subject.
And that's as good a reason for postgraduate study as any. But it's probably not going to apply to most of the people reading a guide to postgraduate employment. The good news is that research suggests further study does have a career benefit. Graduates with a Masters degree appear to be more employable.
Many also go on to earn more over their lifetime. Higher overall employment for postgraduates is obviously good news if you're considering a Masters degree. But it doesn't mean that a Masters will automatically boost your employability on its own. You'll need to make sure you think carefully about your reasons for postgraduate study — and that you're able to ' sell ' the value of your qualification to employers.
This data is historical, but it can be a good indicator of employability and career prospects for future postgraduates — like you! A Masters degree is about more than a qualification — or another three or four letters after your name. There's a lot you can during and after your course to get the most out of it. For more advice, take a look at our guide to making the most of your Masters. Knowing that a Masters degree could make you more employable is one thing. But will the job you get with a Masters be any better than the opportunities available to you with a Bachelors degree?
In short, will a Masters degree boost your career prospects? These roles are also more senior than those held by first degree graduates. The following table compares the percentage of UK graduates and postgraduates in professional roles after three and a half years. Professional roles are generally held to be those for which more advanced training is necessary or beneficial. They are a good hallmark of graduate employability. Another thing to bear in mind is career satisfaction.
Many students choose to combine further Seeking a good ma training with an opportunity to study abroad.
Reports suggest that this brings extra benefits. This is a set of funding schemes set up by the European Commission to support study mobility. Several reports on its impact the career prospects of participating students. Though it does not distinguish between study levels, the Erasmus report suggests employers do value international experience:. The added benefits of studying winemaking in Franceor international law in the Netherlandsfor example, are quite obvious. More general advantages include useful language skills, experience of living and working in important international marketplaces and evidence of your willingness to adapt to new challenges.
We've established that a Masters could make you more employable and help you find a better job. But will you actually achieve a higher salary with a postgraduate qualification? Again, research suggests that a Masters degree may do more than improve your job prospects.
Studies appear to show that people with postgraduate qualifications tend to earn more:. The most recent version of Graduate Outcomes gives data for workers who earned a postgraduate degree inlooking at their salaries 15 months after graduation. According to this data:. The following table provides more detailed information on earnings with a Masters degree or above.
It compares the percentage of graduates and postgraduates within different salary bands:. This data indicates that postgraduate qualifications appear to provide a ificant earnings boost, even after a comparatively short period of 15 months. Of particular note is the fact that the largest group of postgraduates As postgraduate study has become more popular, increasing attention has been paid to its benefits — particularly in the UK. This means that data on career prospects and earnings with a Masters degree is now available from various sources.
The following is a quick guide to some of the main sources of information on postgraduate employment and earnings — including those we've used on this. HESA is the largest and most comprehensive provider of information on the outcomes of university study in the UK. This includes information on what students go on to do, the kinds of jobs they end up in and how much money they earn. HESA operates on a not-for-profit basis as a higher education charity, but the data it collects has an official status and is used by various groups, including the UK Government. It collects information on the activities of students 15 months months after completing their degrees.
Find out more about Graduate Outcomes. It takes a different approach to the HESA reports mentioned Seeking a good ma, in that it assesses the current employment and salary status of all graduates within a certain age range — not just those who graduated in a particular year. It's possible to filter the GLMS data by 'recent' graduates — those in the age bracket — and the entire working population, which makes it somewhat easier to get an idea of what people are doing in the first few years after leaving university.
Each year, the UK Government uses tax data to provide information on graduate outcomes. The information looks at graduate salaries from a particular tax year, tracking the earnings of students at a series of intervals after their graduation with a Masters or PhD. The information on this is based on the datasets and reports listed above.
For more help judging the value of postgraduate study, see our guides to making the most of a Masters and our tips for making your Masters count with employers. This article is the property of FindAMasters. Copyright All rights reserved. Unknown change. To ensure all features on our website work properly, your computer, tablet or mobile needs to accept cookies.
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Weekly blog with advice and student stories. Hear about our Virtual Study Fairs. And will a Masters degree help you find a better job? Or earn a higher salary? Will a Masters make me more employable? Will I find a better job with a Masters? What salary do Masters graduates earn? Where can I find data on postgraduate employability and earnings? So, the likelihood is that you want to know if a postgraduate degree will be 'worth it'. It reveals the destinations of UK university graduates after 15 months. How do you make the most of a Masters?
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The Value of a Masters Degree – Employer Perspectives