Are you contemplating enrolling for a master’s degree in your local university or an online institution but are unsure if this is the right move for you? If yes, you are in the right place. In today’s highly competitive job market, companies and organizations are only more likely to favor a candidate with an advanced degree over someone with the same level of experience but with a lower-level degree.
A master’s degree allows you to gain highly specialized knowledge to excel in your profession. What’s more, having a master’s degree shows that you have the desire, drive, dedication and work ethic to become successful in a particular role. However, as with any degree or certification, some master’s degrees have more value than others. Read on to learn how to figure out if furthering your college education is worth the cost.
Why Get a Master’s Degree?
A master’s degree is a postgraduate education program that shows that someone has advanced knowledge in a particular subject area. On average, a master’s degree program requires that you complete between 30 and 60 credits in courses related to the major.
To enroll in a master’s program, you must have an undergraduate degree, preferably in a subject related to your postgraduate program. Here are a few reasons why many people decide to enroll in these programs:
- A master’s degree might boost your career prospects: A postgraduate degree from a reputable and accredited college can potentially make your resume stand out, boost your chances of landing a new lucrative job, and give you the confidence to negotiate essential employment terms such as wages and other associated benefits. What’s more, you’ll enter the job market with lots of confidence, mastery, and understanding in your craft.
- A master’s degree may help accelerate your career: With a degree under your belt, you can only secure a job in an entry-level position. However, after completing your master’s degree, your opportunities for advancement in your field can be greatly enhanced. A master’s degree in your preferred profession will surely boost your career, making you eligible for a raise, gain status by being assigned more responsibilities in your organization, or apply for a better position in other organizations.
- Sometimes, it is a job requirement: Today, some organizations only want to employ highly skilled professionals who can help propel them to the next level. For some people, it’s only through a master’s degree that you can demonstrate that you are a truly qualified individual. It is also very possible that your current employers may alter their recruitment criteria over time and make a master’s degree mandatory. This might force you to enroll in a program.
- It may lower your chances of being unemployed: As the rates of unemployment continue to rise across the globe, having a master’s degree might increase the likelihood of keeping your job or getting a new job. Of course, earning a master’s degree requires lots of investment in terms of both time and money, but in the end, you may see some return on your investment.
- It enhances your network: Your journey toward earning your master’s degree will possibly bring you together with a highly successful group of like-minded professionals, and this can be great for networking reasons. Depending on your profession, you will interact with many people who could potentially help make a significant difference in your career. What’s more, your college professors might be proven industry leaders and could easily offer you additional connections job-wise.
What Are the Best “Advanced” Degrees?
First and foremost, it is important to understand that having a postgraduate degree won’t guarantee you a job. However, research tends to show that graduates and undergraduates have higher rates of employment compared to their non-graduate counterparts.
Postgraduates are also more likely to find themselves in high-skilled employment. Simply put, having a relevant postgraduate degree could give you an important competitive edge in today’s crowded job market.
However, not all master’s degree programs have the same value. While it may be good to follow your passion, it is also a great idea to look at some of the most promising postgraduate degree programs. Below are some of the best master’s degree programs that may be worth your hard-earned cash, time, and effort.
- Nursing degree: Nursing is an extremely popular sector within the medical field. It allows you to take care of others or come up with solutions that may enhance patients’ chances of living longer and healthier lives. Nurses will likely remain in high demand in coming years. If you are passionate about helping other people, you can extend your education with a master of science in nursing.
- Accounting and finance degrees: Whether you want to further your professional career, or you are planning to go on and study for a PhD, a master’s degree in accounting and finance will give you the necessary qualification you need to fulfill your goal. A career in accounting demands a high level of understanding of both the theory and practice of finance and accounting. Accountants play a huge role in the financial performance and efficiency of the companies, organizations, and individuals they work for. Nearly every organization has some financial aspect that needs to be managed and this only means that with a master’s degree in accounting and finance, you will be in a good position to find a well-paying job.
- Business administration degree: MBA classes will equip you with some of the necessary skills and knowledge needed to keep a company successful. Studying an online MBA will force you to get out of your comfort zone, allowing you to explore and understand the latest business trends, apply the latest management tools and techniques, and challenge yourself to enhance the performance of your organization. An MBA is an excellent way to prepare for an evolving business environment. The knowledge, skills, and abilities you learn and develop are some of the best tools you’ll use to adapt to the unpredictable change of industries, the marketplace, and how people conduct businesses. The demand for this degree is high, which might increase your job prospects.