Salary expectations were also found to be much higher for MA and PHD students then compared to Bachelors degree holders. 18% and 41% of MA and PHD students respectively believed they would earn a starting salary of £31,000 or higher compared to just 5% of Bachelors degree students.


“Our figures show that students still believe that a postgraduate degree will help them in a competitive marketplace and secure the highest paying jobs”,


Adam Grunwerg, founder of Graduates.co.uk and graduate of Manchester University.


When second and third year students were asked “Do you think a Postgraduate Degree is Worth the Cost?” only 35% replied “Yes”, while the majority replied “No” or felt “Unsure”. This contrasts with MA and PHD students, where the majority felt the cost of the degree was justified.


“For those who can afford the costs, the future for postgrads looks bright. Unfortunately however, the cost of


postgraduate education has left many students questioning the return on investment.”


Do you think a Postgraduate Degree is Worth the Cost?


Yes


65% 35% Unsure


No/


As one second year student from Northumbria University put it:


“It’s an unaffordable luxury even though it would secure a more satisfying and better paid job.”


“The number of students who don’t see the value in the cost of a postgraduate degree doesn’t really surprise me,” said Adam Grunwerg of Graduates. co.uk. “Students already graduate from University with an average debt of £52,000. The majority are now priced out of a postgraduate education by the increasing costs of further study, student debt and a severe lack of funding options.”


The latest HEFCE report confirms this notion, which shows a drop of 3% in postgraduate numbers last year.


In order to help students find postgraduate funding, Graduates.co.uk also recently launched their “Ultimate Guide to Postgraduate Funding,” which can be downloaded for free on the site.


“We released the eBook in response to the growing costs of a postgraduate education and lack of information about funding options that are available to students. Unfortunately, postgraduate funding is very harsh when compared to the financial terms given to


undergraduate students,” Adam Grunwerg.


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