More and more people are attempting to increase their human capital by increasing their qualifications. Post-graduate studies, according to many, is the way forward as it will enhance one‟s personal and professional prospects. This research project is intended to make a contribution to the field of education by looking at how a Masters degree affects the life values (the meaning and status attached to one‟s life) and prospects of individuals taking up post-graduate studies. It uses the tracer study methodology to create an impact in determining how the WITS Masters Programme has affected the post-graduate student in terms of life values. It specifically targets the Masters in Education degree at the University of the Witwatersrand (WITS) by tracing the lives of six graduates from the year 2002. The research is a qualitative tracer study that aims at establishing a relationship between what is studied and the effects this has on the lives of the graduates