Do you want to have a wider choice in future jobs with the potential of earning a higher salary? Learn about how getting a master’s degree can open more doors for you in this article.
Are you considering getting a master’s degree?
While a master’s degree is mentally rewarding, it offers many alternative benefits as well. A master’s program can enhance your professional skills and further your employment opportunities. In fact, according to the US bureau, approximately 18% of jobs will require a masters degree by the year 2022.
And, as education requirements continue to become increasingly more detailed, this number is only going to rise.
Do you want to have a wider choice in future jobs and the potential of earning a higher salary? Learn about how getting a master’s degree can open more doors for you in this article.
1. Specialized Knowledge
A master’s program has the ability to add intellectual and professional skills to your portfolio.
Real-life experience in a job does teach you work-related skills. But, in order to advance your professional credibility, a master’s program may be essential.
More specialized knowledge also has the capacity to lead to better job opportunities. This can transfer you from one department of your career to another, more advanced department.
Let’s consider a real-life example of a graduate with a bachelor in environmental engineering. With a bachelor’s degree, they may work an entry-level position at an environmental firm. With a master’s degree, they can advance to a more specialized and higher-paying position.
This gives graduates the ability to focus and zero-in on areas in their industry that may not be available to those carrying a bachelor degree.
2. Build Up References Portfolio
A master’s degree provides students with the unique opportunity to work closely with their professor.
With undergraduate programs, students rarely interact with their professors. Because of this, many students fail to develop any sort of personal relationship.
This can be due to the fact that class sizes in undergraduate programs are often well into the hundreds. As a result, one-on-one time with the professor is less likely. Once these graduates begin to apply for career jobs, their professional references may be lacking as a result.
Because master’s programs are a more intimate experience, one-on-one time with the professor is a guarantee. This is developed by students working alongside their professor on projects and work placements.
This allows students to develop a closer working relationship with their professor. This, in turn, provides the necessary opportunity to develop professional references.
3. Career Advancement
Are you considering changing careers? Or, how about climbing the corporate ladder within your own company? If you’re wanting to achieve a higher position within your company, it’s possible you may need more education.
A master’s program makes it possible to transition into further roles in the workplace. This will often include more senior, high-paying and family-friendly roles.
Businesses want elite positions saved for those displaying the highest degrees of education. These may be positions such as management, leadership, and mentorship that result in better job security.
4. Increase Earning Potential
Earning a higher salary is the most common reason students report completing a master’s degree. And, this is certainly with good reasoning. Studies reveal that employees with a master’s degree earn 35 percent more than those with a bachelor’s degree.
In fact, the potential for increased salary is even higher in some fields.
Let’s take the scientific study fields, for example. Those with master’s degrees earn approximately 63 percent more than those with bachelor’s degrees. Furthermore, those in the health and medical field earn 137 percent more than those with a bachelor.
This is a significant difference and certainly worth considering for undergraduate students. This is especially the case as certain master’s programs can be completed in only one year and on a part-time basis.
What does this mean for one’s future?
This means master’s students are beginning their careers with a significantly higher salary. In turn, this leads to the ability to begin building a life more quickly and efficiently.
And, in terms of retirement, a master’s degree may permit you to save more money for retirement and begin retirement early.
5. Further Explore Passions
Let’s face it: while bachelor degrees are valuable, they may not provide enough education for specializing.
A student graduating with a bachelor of biology may dream of working as a genetic counselor. However, these are positions that are only available to those with a master’s degree.
A master’s degree gives graduates the ability to further explore their intellectual passions. Let’s take a real-life example: Someone with a passion for fighting for justice may want to update their undergraduate degree in political science to a masters in law.
Attaining this master’s degree doesn’t have to mean quitting your job or being in school full-time. Because of the versatility of certain programs, students can study outside of full-time hours. Rather, students can learn law courses in an online or part-time settinginstead.
This type of program allows master’s degrees to be more available to qualified students.
6. Develop Lifelong Skills
The benefits of a master’s degree help to improve your research, writing and analyzing skill set. It also teaches you time management and problem-solving skills.
These are transferable skills that are guaranteed to make you a better employee.
As a result of these skills, you become a more sought-after employee in the workforce. This leads to the abilities to tackle projects more accurately and efficiently. These programs provide you with the skills necessary to write detailed reports that will be of much benefit throughout your career.
In earning this master’s degree, you allow yourself to continue to expand your knowledge that will help you flourish in your career.
These are skills that are not easily taught to new workers who do not possess such a degree.
7. Increase Your Marketability
Many businesses look to employees specifically with a master’s degree. This shows the amount of effect the student put into the process of developing their education in order to benefit their eventual career.
Having a master’s degree helps open the doors to the types of jobs that are not available to those without the degree.
In fact, 74 percent of employers have raised educational standards over the last several years.
This degree helps to set you aside from others who may have the same job interests as you. In the case of a job opening for one position, the employer is bound to select the interviewee who holds the highest degree of education.
8. Networking Opportunities
The quality of professional networking that ensures completing a master’s program is arguably one of the most beneficial elements in attaining the degree.
Throughout the program, there will be endless opportunities to network with others in your industry and meet with potential employers and businesses.
While many master’s degrees can offer remote study programs, local study programs offer many perks. One of the main perks in studying locally is the ability to connect in person with your associates.
9. Formative Experiences
Earning a master’s degree provides students with educational opportunities that were not present in the undergraduate program. These opportunities lead to the development of skills that are beneficial in a working environment.
For example, many master’s students are required to teach classes to undergraduate students. This provides them with leadership and team management skills.
And, we can’t forget about the seemingly endless manuscripts and emails. This fosters communication skills.
What about the ability to mentor and explain difficult subjects to students? These are skills that will be essential for any leadership roles throughout one’s career.
These skills that are a direct result of a master’s program provide invaluable lessons that will provide many opportunities and advantages in one’s career.
10. Potential for Ph.D.
Of course, completing a master’s degree is a stepping stone to developing your education even further.
After completing a master’s degree, students then have the unique option of completing a ph.D. This Ph.D. can provide students with even great opportunities to expand their careers and even become professors.
It’s understandable the thought of completing a ph.D. may seem intimidating directly. However, attaining a master’s degree after your undergraduate provides the opportunity to attain a Ph.D. later in life.
Getting a Master’s Degree To Invest in Your Future
If you’re debating getting a master’s degree, take into consideration these beneficial factors to aid in your decision.
While attaining a master’s degree is intellectually stimulating, it also correlates with more specialized opportunities and higher earning potential. Considering education requirements are bound to increase in the near future, it’s well worth investing your money and your time on a master’s degree.
And, the best news, it’s never too late for a master’s degree. Master’s programs are open to all ages and can even offer the possibility of studying remotely or even part-time.
So, what are you waiting for? It’s never too late!
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