I'm not sure I agree with Bernard on this one.
I did the Master at UWS in the second intake. Maybe the price has changed but I think it was about $1800/ year when I did it. The reason that each person in the group did the degree was quite varied. Mine was for education sake only. I don't think I would have been able to teach myself how to reduce and analyse radio data and produce a published paper without the degree.
One person in the group was a naval officer. He needed a higher degree to get a promotion and the astro degree fitted the criteria.
At least 1 member has gone on to study a PhD and is working at the AAO. (Warren Reid)
It can be a stepping stone or just for interest as I did.
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