According to The Student Room,one of the most obvious pros of postgraduate studies in any field is that it has the potential to enhance your employability.
This may not always be the case, but you can put it on your resume and generally but not always, an employer will choose someone with a post graduate degree above someone without one.
It may open up potential career paths. There are particular careers which are difficult to get into without a postgraduate degree. In these instances it may be completely necessary to do a postgraduate degree in order to apply for these posts.
You may get more money, this is another one of those things which is not a guarantee. Although there are certain postgraduate qualifications particularly in the economic and financial disciplines which can seriously enhance your earning potentials.
It is important to take this with a pinch of salt, as this does not guarantee you a job with more money. Instead arguably an advantage in having complete postgraduate studies is that you will be more likely to have access to jobs which pays better.
One of the cons and drawbacks is definitely the cost of studying a postgraduate degree. If you are not in a position to be able to secure funding, then you will have further expenses to pay back at a later stage.
The costs of the different fees may vary, the more business or financially orientated the course is, the high the cost, according to The Student Room.
Another major con is that you need to be prepared to have a very isolated social life. Higher levels of academics are usually very isolating in nature. You also need to be prepared for a more intense work load.
You are going to be required to go more in depth into the subject matter, which can become tedious unless you are passionate about what you are studying, according to studential.com.
A definite pro is that it will enable specialisation. You will be able to specialise in a subject from your undergraduate year which you enjoyed and you will be able to enrol for this on a postgraduate level.
If you are looking to get some intellectual stimulation then pursuing a postgraduate degree will ensure that you are intellectually stimulated, according to studential.com.