Why get a master’s degree? If you’ve been struggling with this question, this article will provide you everything you need to know before you take the plunge into going to graduate school.
Have you been wondering lately, why get a Master’s degree? What are the benefits? Is it really worth it? There’s plenty of good reasons to get a master’s degree. Obtaining a master’s could open up a whole new world of career opportunities for you, plus a whole lot more benefits that can make your life better. Here’s some reasons why going to graduate school could be a great choice for you.
Opens More Doors for Employment
For many careers, a master’s degree is a minimum requirement for employment. In fact, research shows that 18 percent of all jobs will require a master’s degree by 2022.
These tend to be high paying jobs, such as occupational therapists, economists, and nurse anesthetists. Business Insider has outlined the highest paying jobs that require a master’s degree. The median salary for these jobs is $80,000 — with the highest paying career, nurse anesthetists, enjoy an average yearly salary of $157,140. Not too shabby!
Of course, you don’t have to go get a master’s of science in nursing if that’s not your area of interest. No matter what field of study you’re interested in pursuing, it has the potential to open lots of doors for you that otherwise remain shut unless you commit to getting a master’s degree. If you’re looking to really level up your career prospects, so you can better provide for your family or get ahead in the job market, going to graduate school should be one of the top choices on your list.
Open to Everyone
You might be thinking: I can’t get a master’s degree, I don’t have the time or money for that!
Don’t let these limiting beliefs hold you back from getting an education, because they are not true. No matter what your situation is, anyone willing to put in the work can successfully go to graduate school.
If the high cost of a master’s degree is holding you back, consider applying to University of the People — especially if you’re considering an MBA or a Master of Education. University of the People believes everyone in the world has the right to an education, and that’s why our programs are tuition-free and completed online.
You can now complete your master’s online, in your own time, without the crazy high costs of normal universities. So even if you have a full-time job, a family to take care of, or just don’t feel you have the funds, know that there are always options out there for you to get a master’s. All you need is the drive and commitment.
Enjoy More Job Security
Research has shown that those holding a master’s degree have a lower unemployment rate in comparison to those with less education. Only 2.2% of people holding master’s degrees in the US were unemployed during 2017.
Having a master’s also greatly increases your chances of getting that promotion you’ve been hoping for. Employers are much more likely to hire and promote employees that are highly educated in their field. Going for your master’s could be the catalyst that accelerates your career.
Increased Earning Potential
On average, those with a master’s earn 35% more than those with just a bachelor’s.
This increase in earning is even higher for specific fields. According to Georgetown’s Center on Education and the Workforce, those with master’s degrees in biology and life sciences have been found to earn 63% more than those with only their bachelor’s degree. An even more mind-blowing statistic is that graduate degree holders that majored in health and medical preparatory programs earn 137% more than bachelor’s degree holders! Who wouldn’t like to get a raise like that?
Expand your Professional Network
Networking, if done properly, can end up being the most important part of getting your master’s. You have access to a plethora of brilliant professors that can provide you with tons of connections in your specific field of study. You’ll also meet plenty of students to collaborate with that are interested in the same topics as you. Lots of people end up finding jobs through professors and fellow graduate students once they’ve obtained their degree.
Change Your Career
Your master’s doesn’t have to be related to your bachelor’s degree. If you’re unhappy with your current job, getting a master’s in something different can allow you to change your career entirely.
This is invaluable if you’re feeling stuck and wondering how you can make a career change. You don’t have to be chained to your current career forever! Going back to school to get your master’s in something new will open your life up to more fulfilling career options.
This is a common occurrence, too. Plenty of people rush into getting their bachelor’s degrees at a young age before they know what they want to do. You are certainly not the first.
Your Job Might Pay For It
Some places of work have programs that pay for their employees to gain higher education in their field.
Lots of American companies including Verizon, AT&T, Disney, Wells Fargo, Bank of America, Best Buy, Walmart, and Chipotle have employee benefits packages that include reimbursements for part or all of your tuition costs.
If you’re outside of the US and not sure whether your company provides this, ask your boss to find out — and if they don’t, there’s no harm in asking if you can be the first.
Learn More About What You Love
It’s important that you enjoy what you do. Keep this in mind when choosing a master’s — you don’t want to waste time, money, and effort in something you aren’t interested in, just because it might give you a big paycheck.
“If you don’t have the interest in the content of the program, you might benefit initially, but long term you’ll fail,” says Norm Meshriy, a master career counselor and owner of Career Insights.
But if something is your passion, that’s a perfectly great reason to pursue becoming a master in it. Graduate courses can be more interesting than undergrad courses because they delve deeper into topics instead of just providing a brief overview. Going for your master’s in something you are truly interested in can end up being thoroughly enjoyable and rewarding.
Don’t forget that getting a master’s degree is hard work — but if you truly love what you’re studying, that hard work will end up being inspiring and exciting. And once you’ve got that degree, you can finally get paid to do what you love every single day.