The Value Of a Master’s Degree For Your Future Career – Is it Worth It?

beggers January 11, 2022 0
The Value Of a Master’s Degree For Your Future Career – Is it Worth It?

The value of a degree can be a challenging aspect to define. There are numerous elements that make up your future career, including the type of education you have. So, in short, studying in higher education can give you a boost in a number of areas. But it does depend on what field you’re going into.

One of the main things to consider on whether this path is for you is what you want to achieve from it. For example, do you want to move into a specialist field? Is the thought of earning more money appealing? Or is a master’s necessary for the role you want to move into? These are just some of the questions you need to ask.

Deciding on the pros and cons of higher education can also be looked at in a two-pronged approach. First, explore the value to you personally. Secondly, research how employers value master’s degrees. Looking at these individually will stand you in good stead to make the best decision for your career, whether that’s in business, engineering, or medicine.

To help you begin your journey to a better career, we share employer’s view master’s degrees. Plus, we also take a look at how higher education empowers and propels your job prospects.

Do employers value master’s degrees?

Many employers take higher qualifications as a positive benefit for most types of jobs, even if it’s not a direct requirement. However, for jobs that have this degree as a prerequisite, it’s vital to understand how an employer might value your qualification compared to another. There is a handy way to look at how you might weigh up against other candidates. Start by looking at the type of employer or job you’re going for. Some examples include:

General jobs

Generalized jobs are often advertised without the need for a master’s, but this doesn’t discredit your qualification. On the contrary, many employers will look at this as a bonus. Still, it may mean you won’t get preferential standing against other candidates, as it is not necessarily needed for the job.

Many small businesses typically have this standpoint. This means they potentially don’t have the budget for hiring a specialist but appreciate the skills and knowledge you have for the position.

Targeted jobs

If you’re looking for a career that utilizes a master’s degree, then searching for jobs that have a targeted requirement is a great choice. This employer is looking for someone with the necessary knowledge and qualification but doesn’t necessarily have the experience to back it. However, it’s also important to remember that while these targeted jobs may state a preference for candidates with a master’s, it doesn’t mean they won’t consider those without one.

Essential jobs

Some careers require a master’s degree to get a foot in the door. This may be due to the technicality or regulation for some professions, so having one in this instance is highly valued. However, employers looking for candidates with this qualification may also be seeking someone with a specialized degree to fulfill the role. Therefore, for the best chance in this area, ensure you have other standout qualities on your resume to get an edge over the competition.

Using a master’s to your advantage

Master’s degrees aren’t just letters on a piece of paper. While they may contribute to getting you an interview, it’s how you communicate your knowledge and expertise that matters.

Naturally, these study years will present more challenges and work methods compared to undergraduate study. But, this is an opportunity to shine during an interview. Take a look at how below:

Share transferable skills

No matter what type of degree you complete, you’ll have a stack of transferable skills that employers love. You’ll be expected to communicate this clearly and concisely at this higher level of education and appear confident in your abilities. Highlight the benefits of your skills and how they can be applied to real-work scenarios. Use examples of previous challenges and solutions to showcase your capabilities.

Refer to the course

Talking about your course and specific areas of the syllabus helps to highlight your passion and understanding of your studies. Employers may ask reasons why you chose a particular subject of specialism. This is particularly prevalent if you study online compared to traditional class-based lessons.

For example, if you studied a masters in engineering management online, showcase the benefits and transferable skills learned on this degree. In addition, it will guide them through your choices and reasoning to give employers a better idea of your dedication and motivation to your career path.

Highlight extra training or other skills

Master’s degrees are typically very different from undergraduate education. They involve a deeper understanding of subjects and extensive research, which is a skill in itself. Showcasing this highlights any techniques used to support your study. Employers value these extra training and skills. It shows how much you’d like to level up in your career. Plus, it provides insight into your abilities to undertake new challenges within different settings.

Making the most of your master’s

Employers value postgraduate qualifications highly, but experience also comes into specific jobs and fields of work. This type, of course, opens up numerous opportunities and doors. However, it doesn’t guarantee a job or opening in your chosen niche. That’s where understanding the benefits of a master’s degree comes in.

To understand the total value of a master’s, you need to realize how this course will benefit you and your career path. While how employers value your qualifications is essential, how you value them is also vital.

Let’s take a look at some of the significant benefits of master’s degrees and how they can improve your chances in the market.

Value of completing a master’s degree

Deciding on whether you should take a degree for your own reasons is possibly one of the most challenging aspects. This decision shouldn’t be based on purely what other people think or whether you should take a conventional route to a career – it should be based on what value you see from studying.

There are many advantages to a master’s education that can get you ahead of other candidates. Plus, there are also tons of benefits for lifestyle and prospects to enjoy as well.

Take a look at some of the key benefits of studying postgraduate courses.

Improve earning potential

While finding a job isn’t always about the money, in truth, it is still is a big factor in the type of career people choose. The higher the qualification, typically the higher the salary. So earning potential is considerably better compared to those without a degree.

While earnings are enhanced, there is also the consideration of initial investment in studies. Master’s degrees are more expensive. However, there are different avenues to keep costs down. A top choice is studying for a degree online to minimize expenditure. When comparing the prices of a master’s degree, think about the return on your investment. Figures from the Bureau of Labor Statistics suggest that postgraduates are likely to get around 25% more, so that’s undoubtedly a worthwhile option.

Developing niche experience and knowledge

Employers are keen to hire people that showcase specialist knowledge and experience related to a job. With a master’s degree, this sets you up to highlight your talents and expertise in your chosen field.

Developing a niche and focusing on specific areas in an industry opens up opportunities for career progression and salary benefits. In addition, if you’re applying for a job and you have exact qualifications for the role, you’ll also enjoy an advantage over other candidates.

Provides a strong foundation for professional qualifications

While studying for a master’s degree might feel like the final step to getting a great career, there are always more opportunities to learn on the job. In addition, after higher education, moving on to professional qualifications can boost your career even further.

If you’re in a specific field, there are numerous courses that provide certification and professional recognition. You also have a great foundation to study further for a Ph.D.

Encourages professional development and lifelong learning

Education doesn’t just stop after school or university. It carries on further into your career and life and as far as you want to take it. By studying for a master’s, you continue to push the boundaries of your knowledge and abilities to further your outlook and understanding. This motivation and passion encourage lifelong learning in all capacities and boosts transferable skills.

In turn, it translates well on paper to employers too. By continuing education past degree level, you’ll show discipline and drive to improve your career prospects.

Improves networking

Throughout life and study, you’ll build connections with other people. The beauty of these relationships at the master’s level is they often flourish throughout your career. Higher education helps you develop bonds with like-minded individuals. Not only that, you’ll have the chance to speak and liaise with industry professionals and faculty. This networking opportunity creates stronger connections with relevant people who may help boost your career in the future.

Assists when changing career

A master’s degree doesn’t have to be undertaken straight after an undergraduate qualification. In fact, many people decide to study this course during their career or when deciding to make a career move. So if you’re considering a change in job and need specialist knowledge or training, a master’s degree is a great option.

This style of study provides a niche avenue to support a career change. You already have a solid foundation when you have an undergraduate degree, but a master’s will top this up. Many master’s degrees don’t require a specific background to begin the course. However, some will require notable experience if the area is particularly niche.

If a career change is on the cards, studying this qualification can also get you a foot in the door for work experience. This is typically helpful if you’re currently working in the specialist field. Again, the course leader will point you in the right direction for internships or graduate schemes.

There’s lots of interesting stuff to learn

No matter what master’s degree you take, there is so much exciting stuff to learn that will naturally broaden your knowledge and curiosity. In addition, this higher level of education develops many skills, including improving cognitive function.

Another benefit of a master’s is that this course is designed to give you the freedom to study and teach yourself. Unlike other levels, postgraduate courses are rarely spoon-fed but instead devised to encourage independent learning and thinking. This skill is invaluable to potential employers and ensures you can think for yourself to conquer challenges as they arise.

Offers a chance for further research

Some people are naturally inquisitive, and higher education is a natural stepping-stone for this curiosity. The breadth of subjects to learn is vast. Plus, you’ll have access to incredible resources and expert insights throughout the course. There are many research-based master’s qualifications for those that want to take these skills to the next level. At the same time, other courses provide a practical and hands-on approach. Whatever style of qualification suits you, there are numerous options to delve into your academic passions.

Finding the right master’s degree course

Once you’ve weighed up the options and potential values of studying for a master’s degree, it is then on to choose the right course. To make a start consider these areas:

  • Online vs. class-based lessons
  • Tuition costs
  • Living expenses if studying on campus
  • Type of specialism
  • Course structure
  • University or course recognition
  • Reviews from other students

Researching and comparing the best options is the top way to make the right choice for your career. This type of degree presents numerous benefits and opportunities, and the return on investment may be a worthwhile outlay whether you’re looking to start your career or move into a new one.

Are you ready to take the next step? Then a master’s degree could be an excellent avenue for you. Plus, it’s a great way to pave your dream career.

 

 

 

 

 

 

 

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