74% of Master’s Graduates Double Salaries, Prodigy Finance Reports

More than 40,000 plus students have chosen Prodigy Finance as their finance lender for higher education to study abroad. According to a recent study by Prodigy Finance, graduates who have completed their funded master's degree through Prodigy Finance are seeing significant salary increases, with 95 per cent of its graduates reporting receiving a higher salary after completing their master’s degree.

According to the data, an impressive 74 per cent of Prodigy's master's graduates have reported at least doubling their salary after obtaining their degree. Even more remarkably, 43 per cent of graduates have experienced a fourfold or greater increase in their earnings.

The study also analysed salary increases by field of study. Business graduates saw an average rise of 51 per cent in salary from bachelor's to master's degrees. For engineering students, the average increase was 32 per cent.

These findings show the transformative effect of higher education. Master's programmes provide students with advanced, specialised knowledge and skills in their chosen fields. This enables them to access a wide range of job opportunities in industries such as business, technology, healthcare and engineering, which have a high demand for advanced degree holders. For example, MBA graduates in consulting, financial services and technology tend to earn higher salaries due to the high demand for their skills in these sectors.