When you graduate after completing a four-year bachelor’s degree, it results from years of reading, hard work, and applying yourself to your education. Furthermore, it is something to be proud of. However, have you ever wondered what will happen next?
While it might be tempting to halt your education and join a company and start earning money and experience, don’t forget it is not the only option available to you. In fact, you have tons of opportunities to continue your studies and open up a wide range of career options in the process.
It is where a master’s degree will come into play. Obtaining one will allow you to improve your knowledge base and increase your earning potential tenfold, no matter the nature of your profession.
That said, going back to school to enroll in a master’s degree program requires a lot of motivation and determination. Not to mention, it is also a time-consuming and expensive endeavor. So, it would be wise to be sure that the advantages you’ll gain are worth your investment of money and time.
That said, let us look at some compelling reasons to study for a master’s degree after graduating. Some of these reasons are listed down below.
It Will Allow You to Improve Your Knowledge Base.
The vast amount of detailed and specific knowledge you’ll gain through a master’s degree in a particular subject is something employers search for everywhere. So, if you’re considering applying for a job title in a related or relevant area, it will hugely benefit you.
Enrolling in a master’s degree program shows that you’re dedicated to adding to your credibility and industry-related knowledge and remain competitive in your chosen field of work.
For instance, many candidates enroll in AACSB accredited online MBA programs with no GMAT required degree to skip the whole GMAT examination while improving their knowledge in particular areas like financial management or business planning in the process.
In the end, being an industry expert will make you a hot commodity in a consulting capacity.
It Opens Up the Doors to Various Career Advancement Opportunities.
Most aspiring individuals, especially those with decent resumes, go for a master’s degree to take their career to the next level. Of course, such a thing might relate to an MBA, a related degree, or something completely different if you’re looking to switch careers.
Whatever the case may be, a master’s degree will act as a valuable stepping stone to take your profession further.
Without a doubt, employers know the value of a master’s degree. Some have made it a pre-requisite, while it is mandatory in job sectors like education and healthcare. However, generally speaking, a master’s degree will make you stand out more.
After all, pretty much every candidate has a bachelor’s degree, but not everyone has a master’s.
It Increases Your Earning Potential.
It is a well-known fact that a master’s degree will cost you a lot of money. There are no two ways about it! But, you can apply for student loans from your local bank or government to fund them.
Therefore, don’t forget to consider your current financial situation before committing to a master’s degree program of your choice. On the other hand, once you complete your degree, you’ll be up for an excellent ROI.
For instance, in the United Kingdom, master’s degree holders earn around 18 percent more than those who only have an undergraduate degree under their belt. Moreover, according to a Higher Education Statistics Agency study, master’s degree holders are 7 percent more likely to obtain full-time employment.
Moreover, 20 percent have a higher likelihood of landing a higher role. That said, there is a significant difference when you move towards the Atlantic, with an enormous 25 percent increase in salary for individuals who hold a master’s degree.
So, you can rest assured that your time and money won’t be wasted when you enroll in a master’s degree program.
It Helps You with Personal Development.
While some people believe that a master’s degree is all about academic improvement, that is not the case. After all, postgraduate degree programs, by definition, focus more on the individuals themselves. Instead, it also aids personal development.
Meaning, a master’s degree helps develop professional skills while also providing candidates with a host of beneficial skills, like self-motivation and independence, that are applicable in all aspects of life.
In addition, personal development, such as adapting to a new culture and learning new life skills, helps you attract potential employers who recognize your appetite for a challenge and ambition.
It Provides You with a Stepping Stone to Switch Careers.
If you’ve recently thought about a career change, obtaining a master’s degree could prove to be a vital step. After all, various postgraduate degrees are available to candidates from different backgrounds, no matter the bachelor’s degree they acquired.
So, even if you started as a mathematic major who worked as a researcher, you can still apply for a master’s in chemical engineering. With the help of a master’s degree, you will be able to tap into an entirely new job market and establish new career foundations.
It Can be the First Step Towards a Ph.D.
Realistically speaking, most institutions won’t accept candidates who don’t hold a master’s degree in their field of choice. Interestingly, a master’s degree isn’t necessary to enroll in a Ph.D. in the Us or UK.
Again, it is because of the competitive nature of Ph.D. programs these days. That said, institutions only make exceptions for candidates who can fund their research or have significant professional experience in their related fields.
Such a thing is due to the differences between postgraduate and undergraduate studies. After all, postgraduate study is entirely about theory-based learning, which is the building block of a Ph.D.
If you’re still having second thoughts, don’t forget that completing a master’s degree will provide you with a sense of accomplishment and improve confidence in your academic prowess. Moreover, it will give you a platform to move ahead in your professional career.
At the same time, the structure of a master’s degree program isn’t every candidate’s cup of tea, and some career options don’t even require one.
However, if you look at things closely, the benefits outweigh the cons anyway you see it. You’ll be better equipped to make the right academic decisions now that you know of the benefits of obtaining a master’s degree.