This study assesses students’ motivation for the pursuit of higher degree in the field of Education. Due to their current low-income status (mean value of less than $2 day) and their desired income (mean value of $500 per day) 10 years after acquiring the degree, it is instructive and tractable to examine the income effect of their motivation. Their current low-income status suggests that they are on the average, meeting basic needs such as food and clothing. In addition, their desired income suggests that they desire to possibly move up the zenith of the hierarchies of need. Thus, current income, desired income, choice to work in the educational sector, intended career destination, and (revealed) altruistic motive for teaching in primary and secondary schools after moving up in the ladder of needs were measures of motivation and dependent variables. Ordinary least squares (OLS) and discrete choice models were estimated to identify the determinants of these measures. Results show that very few students had wanted to study Education at undergraduate level. Motivation for their enrolment in postgraduate education, however, is apparently pecuniary and essentially market driven. Most of the students preferred high-paying professions within the education sector—lectureship positions in the tertiary institutions, influencing policies as politicians and political appointees, and running educational businesses. Although, a few students intended to teach in future at the basic level, primary and secondary levels, most of them possess altruistic motives to teach, that is, to mentor students.