Why postgraduate study is valuable for your career
Ask the CEOs of the ASX200-listed companies if postgraduate study has been good for their career and 108 of them will almost certainly say yes if you analyse the results from the 2017 CEO Tracker. Over half of Australia’s highest earning and highest profile CEOs have completed postgraduate studies, including:
- Louis Gries, James Hardie Industries, AUD$ 18, 030, 451 – MBA
- Ron Delia, Amcor, AUD$ 12, 208, 088 – MBA
These realised pay figures from Robert Half’s CEO Tracker are undoubtedly impressive and while not every ASX200 CEO earns that much, their median realised pay of $1.76m is a lucrative reward for reaching the top. For most of our corporate leaders, that climb has been made possible with postgraduate study in their career arsenal.
Motivated by more than money?
Money might not be your main motivation for enrolling in online Business Administration program with Griffith University. Your primary goal might be career stability or progression, which will also enhance your earning capacity. Maybe you want to be able to apply for a wider range of job opportunities, particularly ones that meet your passion. Your postgraduate study will almost certainly help you to do that according to research from the Higher Education Statistics Agency in the UK.
A firm footing in an uncertain world
The value of a postgraduate qualification is undeniable. Finance journalist Tony Featherstone suggested a blend of ongoing education and work experience is a good insurance policy against employment uncertainty in this 2016 news article. Mr Featherstone believes in a lifelong learning model across undergraduate and postgraduate degrees:
“A model that places less emphasis on a university degree as an ‘entry point’ to a job and more on the combination of work experience and part-time uni education; a model where students have ongoing commercial relationships and connections with their university, not only for a few years during their degree.”
It seems a postgraduate qualification is prudent as well as desirable. As technology changes the global job market, it makes sense to invest in some future-proofing by adding a higher degree of skills and thinking to your real-world experience.
The return on investment from your Business Administration studies could be higher than you first envisaged, and not just measured in dollar signs.