More than 1,100 students were surveyed and just 35% of respondents in their second or third year replied “yes” when asked if they thought obtaining a postgraduate degree would be value for money. This was in stark contrast to those currently undergoing master’s and PhD courses, where 59% and 77% felt that their postgraduate degree was worth the price.
The report provides projected qualification rates for students starting full-time postgraduate research degree programmes at higher education institutions (HEIs) in England in 2010-11. Updates to the rates for 2008-09 and 2009-10 starters originally published in 2012, are also provided.
Figures released from the Higher Education Funding Council for England (HEFCE) last month revealed that there was a 6% drop in postgraduate student numbers for the academic year 2011-12.
The survey also discovered that salary expectations were found to be much higher for master’s and PhD students, with 18% and 41% believing they could earn a starting salary of £31,000 or higher. Among bachelor’s degree students, this figure fell to just 5 per cent.
The survey, which was carried out by careers and postgraduate also revealed that only 57% of undergraduate students believe a postgraduate degree would improve their job prospects after graduation.