yes if what you studied is relevant to your current job. (and recognized by the govt)

another condition is that you currently earning less than what a fresh grad degree holder earns when they just entered.

example. If you studied a relevant degree. but you earn 4k now. But a fresh grad only gets about 3.5-3.8k, you will not have a revised salary, but stick to your current one.

source: my own ministry practice. not sure if it applies to all.