.svg){kind=icon}
- Research Colleges & Universities
How are we doing?
👍
👎
workers with a master’s degree or higher</a> earn about 12 thousand dollars more per year than workers with a bachelor’s degree. However, there’s a catch: those market forces mentioned above tend to favor advanced educated in careers deemed “hot” fields. Forbes indicates that nowadays, the real value in a master’s is in <a href=https://plexuss.com/n/"https://www.forbes.com/sites/realspin/2014/04/04/in-defense-of-the-masters-degree/#67653bd1492e">highly specialized fields</a> that have a deficit of qualified workers, e.g., Supply Chain Management. Going back to our earlier example in psychology, a holder of Master’s degree in General Psychology might be passed over in favor of an applicant with a Master’s degree in Rehabilitation Counseling, if the job requires extensive work with people coming through the rehab process.</p>
<p>Master’s degree holders usually have more career flexibility. They also have more opportunities for career advancement. A master’s degree is a sign that the holder can work under a great deal of pressure, tight deadlines, with reasonable but not excessive oversight. It’s also a measure of the individual’s ability to produce new and original work, as many master’s degrees require an original thesis or final project. Many master’s programs need participants to complete <a href=https://plexuss.com/n/"https://plexuss.com/news/article/getting-an-internship">internships that provide real-world experience. A job seeker’s performance in that internship provides a hiring officer of a good estimate of how rapidly the individual will adjust.</p>
<p>Whether or not to pursue a master’s degree makes sense when a person knows what they want to do post-bachelor’s. Doing one’s research about job fields pays off. In some fields, it’s an absolute necessity. In others, it means better pay or better job opportunities. For other fields, a master’s isn’t a guarantee of any of those things, but does increase a person’s odds dramatically. The supply/demand side of market forces can make one particular degree “hot” for a while, then drop off as that field becomes saturated with workers and job seekers having advanced degrees. For anyone considering if the time and money spent on grad school is well-spent, make sure to have a good grasp of where you want to go with your career life. In the majority of circumstances, reasons for doing a master’s degree can be boiled down to making a person more hirable, flexible and upwardly mobile.</p></div>"/>
