We estimate the impact of internal migration on job‐match quality for recent Dutch university and college graduates. We find positive yet modest wage returns. After controlling for the self‐selection of migrants with an IV approach, this effect is no longer significant for university graduates and all graduates from peripheral areas. We also find that, for our alternative job‐match measures, where there is evidence of migrant self‐selection, controlling for self‐selection strongly reduces the effect of internal migration on job‐match quality. In some cases, the returns on internal migration are found to be negative, which may signal forced migration.