Let’s face it – returning to studies is something we put off because it takes time and effort, and a short-term financial cost. It is also a fact that increasing your qualifications through postgraduate study is one of the smartest ways you can boost your earning power.
Jason Cunningham, renowned financial expert, VU alumnus and ‘money man’ from Network Ten’s The Living Room, says that investing in yourself through studies is key to your career success.
“It makes a lot of sense to spend money on further educating yourself to learn new skills, which in turn will lead to opportunities to further your career and enable you to earn more income,” he says.
Using your tax return towards your fees will give you a real advantage. The average tax refund in Australia is $2300, so with most postgraduate study units costing around $1500, a Graduate Certificate, for example, could be a quarter-paid off before you even start, with change to pay for text books.
And if you’re fortunate enough to choose a course with a Government Supported Place and have your fees funded, why not reward your studious-self with the MacBook you’ve been eyeing off and waiting for a good excuse to buy?
So follow your passion and climb the career ladder with postgrad studies – you can even start mid year and put your tax dollars to work immediately. You will also be amazed at how quickly you'll use your new knowledge to get ahead in your current job while you learn.