More bad news for arts students - a humanities PhD isn't worth the costs

Doing a PhD or Doctorate in Humanities subjects doesn't give a worthwhile return on their cost, according to salary benchmark site Emolument.com.

The research shows that Bachelor, Masters and PhD graduates in Humanities - who studied History, Geography Philosophy or Politics - all end up on the same salary, suggesting Masters and PhD students did not see a return on their investment.

In fact, PhD graduates in these subjects earn less on average - £40,000 ($58,000) - than Masters students, who earn £44,000 ($64,000).

Physics, Chemistry, Life Sciences and Healthcare PhD's also don't do much to raise pay, with just a £4,000 ($5,800) difference.

Conversely, PhD or Doctorates in Maths, Computer Sciences, Law, and Psychology graduates earn much more than those who only did Masters in the subjects.

Alice Leguay, COO and co-founder of Emolument, said that while many benefit from staying in academia, the financial returns should be taken into consideration. She says:

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