In our paper, we examine the motives of further studies in higher education among higher education students, as well as how socio-demographic variables modify these motives. Our research method is quantitative. We used a research database gathered in the historical Partium region in 2014 (N = 1792). The theoretical backgrounds of our research are the human capital theory and Bourdieu’s capital conversion model. Based on ten motives of further studies, we made a cluster analysis and examined the relationships of these clusters and the socio-demographic background variables. Our finding is that the most important motive of further studies among students was expanding knowledge. Therefore, the motive of getting higher wages in the future, which is the central aspect in the human capital model, proved to be of minor importance. Based on the capital conversion theory students wanted to gain cultural and social capital when they decided to study further, as both can be profitable for them in the future. However, while the motives of further studies were affected by the social background of students, contrary to our hypothesis, financial motives were not more important for those students coming from disadvantage backgrounds than for other students