Have you ever wondered how beneficial your financial investment in postgraduate could be? This article explores the evidence that supports postgraduate education as a significant driver of both employability and salary expectations.
HESA gather data from Higher Education establishments in order to provide official statistics for the UK Government. The latest figures show various clear trends in graduates’ employment after education. One of the figures that is often utilised to evaluate the benefits of higher education is student’s expected lifetime earnings.
HESA research has shown that Postgraduates with a Master’s degree earn on average £1.75 million over their lifetime. Significantly more than the £1.5 million a university graduate can expect to earn. Furthermore, those postgraduate students that progress onto a PhD can expect, on average, to earn £1.9 million.
Employability figures are also favourable towards postgraduate students with 85% of postgraduate students expected to be in full-time employment compared to 68% of graduates. Starting salaries tell a similar tale. The average graduate earns 19% less than what a postgraduate student can expect to earn. The statistics continue to suggest clear long term benefits for individuals maximising their education potential. It can easily be argued that the finances and time invested in personal development can show a return relatively quickly and comfortably pay for themselves in the short to medium term.
To summarise, postgraduate students benefit from:
- Greater chance of employment
- Higher lifetime earnings
- Higher starting salaries
A Diploma MSc course truly reflects theses benefits. Our courses offer the best value for money coupled with the flexibility that online learning offers means increased accessibility for students from all backgrounds.
Also, being the only one year postgraduate online option available across many of our fields, simply means the rewards for students are realised faster and come with a higher rate of return.