There's a lot to think about before deciding to apply for postgraduate study, but we've been doing some of that thinking for you. If you're unsure about whether or not postgraduate study might be for you, read on to check out our top 5 reasons why it's definitely worth considering.
1. Stand out in a sea of graduates
In the UK, higher education at Undergraduate level is more popular than ever before. There are more universities, more degree disciplines, more funding options, and more student residences being built by the minute. In an age where almost every man, woman and dog is entering their early twenties with a Bachelor’s Degree under their belt, if you don't have extra experience or an additional qualification, holding a bachelor’s degree unfortunately doesn’t bedazzle your CV in the same way it did say, 10 or 15 years ago. It's also a great way to show employers your passion and dedication in a certain field.
2. A job? Not so much. A career? Yes please.
And while you're standing out, look out for more and more fulfilling employment opportunities coming your way.
At Pearson Business School, our undergraduate degrees give students access to industry and relevant experiences from day one which has seen our 2017 graduates earning a median salary of £25,000 a year. That being said, it's not unusual to hear of graduates from other institutions finding the availability of opportunities not meeting their expecations, and struggling to get ahead in today's competitive job market.
Graduates with postgraduate degrees are not only more likely to find work in a meaningful position with clear opportunities for progression, but as a result can also anticipate higher salaries.
3. Funding opportunities are better than ever
As of August 2018, Master's loans from the government now allow new postgraduate students to borrow up to £10,609. If your course costs less than this, you can still borrow the full amount and put the rest towards your living costs. Access to government loans for postgraduate students is a very fresh concept and still widely overlooked after having only been available since 2016. Plus, this year's loan amount is higher than ever before.
These loans work in pretty much the same way as current undergraduate loans, with repayments starting in the April after graduation but only if you earn more than £21,000 a year. Find out more about postgraduate loans here.
Plenty of universities and colleges are also offering scholarships to postgraduate students, and a considerable amount of applicants are able to secure funding through their current employer. It may be worthwhile to do your research on funding opportunities available to you.
4. Achieve true mastery
Studying any subject at Master’s level will help you gain the knowledge and the means to become a specialist in that field. And a degree does not have an expiry date. Once you are awarded that qualification, nothing can take it away from you. It’s yours for life, and you will always be able to go forward in life knowing you have this lifelong achievement under your belt. Not to mention those extra letters you can keep at the end of your name...
5. Being a student is the best time of your life!
Not only does being a student provide a lifestyle that can never be replicated as a full-time working-professional, but it also means being part of a community. From your classroom to your institution’s Student Union and beyond there is so much to be a part of as a student. Perhaps your institution offers networking events, talks or conferences. If not, you may enjoy a discount on attending these events elsewhere. You can find sports clubs, social groups, charitable organisations, and so much more right on your doorstep either for free or at favourable rates. The ways to meet new people and make new friends really are innumerable as a student.
Finally, let’s not forget that you can once again capitalise on student discounts. After saving on meals out, clothing, cinema/museum/exhibition tickets, transport, council tax and more (the list really does go on), you'll begrudge the day you pay full-price for anything ever again.