New research has shown that postgraduate study can vastly improve an individual’s lifetime earning potential.

Holders of a master’s degree are expected to earn an average of £5,500 more a year than someone with a bachelor’s degree. The report, The Postgraduate Premium, suggests the discrepancy will continue to rise.

The number of students who collect second degrees has trebled over the past twenty years. The report puts pressure on the government to introduce a loan scheme to aid postgraduate study.

In response to the report, Carl Gilleard, chief executive of the Association of Graduate Recruiters, warns that prospective employees will need to demonstrate the relevance of further qualifications.

Considering a postgraduate course? Visit our postgraduate study page for advice.

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