You might be thinking that postgraduate study is expensive. And if you’re toying with the idea of further study, it’s likely you’ve reached a point in your life where you already have a lot of big expenses – a mortgage, a car loan, a family.
But postgraduate study can also be the difference between the mediocre job you’re in, and the job you want. In 2018, QILT’s graduate employment data showed that people with postgraduate degrees earn 33% more than those with undergraduate degrees.
Look at it this way: it’s the equivalent of trading up from a $65k per annum position to an $87k one. That’s a big difference.
More good news is that you can claim deductions for a wide range of things as ‘self-education expenses’ – if your course is related to your current work. You’ll be surprised how much you can actually claim.