Does A Master’s Degree Matter In Today’s Job Market?

Posted by: Mr. Jessie Wyman at 27/01/2022 3,018 views

So, you’ve just finished your bachelor’s degree. Congratulations on that achievement. Now you’re faced with another choice to make: apply for jobs or pursue a master’s degree?

The latter option may not always be the first choice of many fresh graduates. Surely, after those long hours of study in the university and that hefty student loan you’ll now have to cover, you just want to jump right into the job market in the hopes of getting hired. However, those hopes may be limited by the fact that in today’s competitive job market, holding a master’s degree gives an edge.

Yes, those extra years of obtaining your master’s degree count, whether it’s through getting a master’s degree online or through a physical classroom setting. It's going to be worth the effort. Here are some reasons why:

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1. It Increases Your Earning Potential

Money should never be the top driving factor as to why you want to land a particular job or position. While this may be true, it also can’t be denied that young professionals need money. It’s not surprising that you’ll always be on the hunt for opportunities that can help increase your earning potential. These opportunities may come knocking at your door if you have a master’s degree because you have stronger and more advanced credentials than other applicants who don’t hold one.

While master’s degrees programs don’t come cheap, the plus side is you’re always likely guaranteed a high and fast return on investment. Whichever way you look at it, there’s always added value in pursuing more than just your bachelor’s degree.

2. It Gives You Specialized Knowledge To Boast

You already graduated with a specific and specialized degree, but taking a master’s degree enables you to go even further than that. You have more specialized knowledge to boast about, which puts you a few steps ahead of the competition.

As the workforce today is evolving and getting more competitive, job applicants who have a master’s degree attached to their name show dedication in enhancing credibility and industry expertise. As you’ve been able to focus on a specific field of study through your master’s, you’re now able to make yourself more competitive in the field.

3. It Opens You Up To Higher Career Advancement

Once you land the job you’ve worked so hard to attain, there’s another goal you may have in mind—to climb the corporate ladder. Surely, you’ll crave growth as no one likes to stay in the position they’re in for a long time. Apart from the higher pay that career advancements bring, it’s also about the satisfaction you’ll have with your professional life.

However, the employment industry will show you that many of those who are climbing up the corporate ladder faster are those who made the commitment of completing their master’s degree. The reason for this is many employers will trust more in the capabilities of a job applicant who has a master’s degree than one who doesn’t. Understandably, the lessons learned in a bachelor’s degree can never rival those learned from a more specialized, technical, specific, and challenging master’s degree.

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4. It Enables You To Build Your Network

Apart from the skills and knowledge you possess, to excel in a competitive job market, it also matters who you know. It’s about using your network to learn more and gain more exposure regarding the matters related to your job that aren’t necessarily covered in the classroom.

When you’re completing your master’s degree, you are classmates with other professionals who’ve also gone past the bachelor’s degree phase. Many of your teachers are also going to be big and established names in the industry.

Once you already get hired, you just never know how you’re going to need to give those connections a ring for certain business or work-related matters they may help you with. Had you not enrolled in a master’s degree program, you wouldn’t have had the chance to meet and interact with that network of connections you now have.

Conclusion

Determining whether you’re going to complete a master’s degree is a tough decision to make. After all, it entails extra time, money, and effort on your part. If you’re still on the fence about whether or not a master’s degree holds water in today’s job market, the benefits above should shed light on the matter.

As a rule of thumb, choose a reputable university and pick a program that’s related to your bachelor’s degree. Also, consider your financial capability as well as your time and energy resources to ensure that you can devote yourself to your academics.

Yes, it’s an advantage to have a master’s degree. Whether from an online school or through a traditional learning setup, you’ll never regret making that choice of obtaining it. Consider the ideas mentioned here as you plan and prepare.

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