Why do people pursue a postgraduate degree?
1 November 2024
As Singapore advances, its education levels have grown significantly. Even with a declining birthrate, the number of university graduates has steadily increased. In 1994, 7,514 students graduated, rising by 40% to 10,545 in 2004. By 2022, the number had nearly tripled to 21,792, marking a 200% increase in less than 20 years.
The days when a bachelor's degree sets candidates apart are long gone, with the growing number of degree holders reshaping the job market. In today's highly competitive landscape, employers seek more specialised skills, deeper expertise, and a demonstrated commitment to continuous development. This is where postgraduate education plays a pivotal role, offering professionals the chance to enhance their qualifications and remain competitive.
As industries rapidly evolve, the importance of further education is increasingly recognised, with lifelong learning becoming essential not just for career advancement but for staying relevant in an ever-changing global workforce. Here are three key reasons professionals consider pursuing a postgraduate degree.
Reason 1: Enhanced Employability
A 2023 study by SIM revealed that employability is a significant factor driving professionals to pursue further studies. This trend was evident among working adults and current undergraduates, who believed obtaining a postgraduate qualification could help them differentiate themselves in an increasingly saturated job market. Many respondents indicated that their likelihood of being shortlisted for interviews improves, as numerous job postings now list postgraduate education as a preferred qualification.
A SIM final-year student shared, “It should be seen as part of a lifelong learning journey and a prerequisite for moving from an executive to a managerial position. It’s becoming increasingly common to see job postings specifying a Master’s degree as a preferred qualification. I aspire to be in a management role where I can make key decisions in my career.”
This sentiment was echoed by postgraduate students and working professionals, who cited better-starting salaries as a key motivator. Some also viewed postgraduate education as a pathway to career progression or a complete career change. One postgraduate student explained, “Since a bachelor’s degree is now more common, it makes sense to take the next step. It’s about career progression and identifying and addressing any skill gaps.”
Reason 2: Career Mobility
In specific industries, a postgraduate degree is crucial for career progression. In contrast, in others, continuous skill development is critical to staying relevant—particularly in fast-evolving fields that demand specialised expertise.
For example, finance, healthcare, and academia sectors often require a Master's or Doctoral degree for individuals aiming to secure higher-level roles. "Healthcare is a very evidence- and practice-based industry," said a Final Year University Student. "I plan to pursue further studies only after gaining some practical experience. A Master's degree will come a few years down the road."
The same applies to fields like technology and engineering, where expertise in cybersecurity or artificial intelligence is highly sought. An engineer with over five years of experience explained, “Postgraduate education is the only way to obtain professional accreditation in my field. It also offers networking opportunities and keeps me informed of potential career paths.”
Another professional with over eight years of experience emphasised adaptability, saying, “You can’t rely on a single skill set in today’s world. A postgraduate degree broadens my options, particularly if I switch careers.”
In many competitive sectors, advanced qualifications are not only advantageous but often required, making further education a natural step for those seeking career mobility to thrive in today’s competitive job market.
Reason 3: Personal Fulfillment
Interestingly, personal fulfilment is another crucial factor driving individuals to pursue postgraduate education. For some undergraduates, further studies allow them to “buy time” as they explore their future career options. Others see it as a chance to travel and immerse themselves in a new environment while furthering their education.
For many, postgraduate studies offer a deep dive into academic interests and passions, removed from the routine of daily work life. This intellectual exploration creates a stimulating environment for those eager to expand their knowledge.
For working professionals with families, postgraduate education can also be an important example to the next generation. One working adult noted, “I want to set an example for my children—to show them the importance of continuous learning, growth, and self-improvement.”
A postgraduate student agreed, adding, “I’m setting an example for my children as well, teaching them that lifelong learning is essential and that you can pursue your goals at any age.”
For many, pursuing a postgraduate education is about more than career advancement—it is also about personal growth and fulfilment. A postgraduate degree not only broadens career opportunities but also deepens expertise in a chosen field. As the job market evolves, postgraduate qualifications become an essential investment for professionals aiming to distinguish themselves and thrive in their careers.
At SIM, we are committed to supporting learners at every stage of their journey, fostering lifelong learning through our diverse range of postgraduate programmes. By providing these opportunities, we empower our learners to achieve their professional and personal aspirations, knowing that their investment in education is a crucial step toward unlocking new possibilities