Want a postgraduate degree that ups your salary? Choose carefully

Studying for a master’s or PhD does not necessarily lead to higher earnings, UK study finds

Published on
September 16, 2020
Last updated
September 17, 2020
Piggy banks

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Reader's comments (4)

For most of us, getting a PhD is about personal challenge. It has never been the case in my experience that it led to a higher salary and was never portrayed as such. Doing a PhD should be for the "mountain climbing" reason, i.e. because it is there. For those of us who wanted the ultimate challenge after our undergraduate degrees, it was always the case that we would do PhDs. I realise that there are some areas where PhDs are essential but engineering is not one of them so one undertakes it for non-financial reasons (which explains why it is so hard to get home applicants even for funded places in my Russell Group department).
This article takes the rather narrow view that the only point in getting an education is to boost your bank balance. As with the commentor above, there are many reasons why someone might want to take a higher degree. You may be so fascinated by one topic in your area of study that you wish to delve deeper. You may want to switch to another discipline, hence a 'conversion masters' to provide essential information. I'm doing a PhD at the grand old age of 61 mostly for fun, but also as a late entrant to academia I'm surrounded by doctors and don't want to be left out :)
summiting the mountain ...to catch gold may lead to disappointment. ... to catch a better view, yes. Post graduate should be about the latter Basil jide fadipe.
I just wanted PhD in mass communication.

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