Master’s Degree

According to the US Department of Labor, there will be an average of 356,000 new jobs every month in 2023. Navigating the job market with a bachelor's degree is not difficult. But a master's degree is a whole different story.

As you transition from a bachelor's to a master's degree, you may wonder what else a master's degree offers. We've been hearing about the advantages of a master's degree, but we don't always take them seriously.

Read on if you're on the fence about jumping into a program. We've compiled a list of the benefits of a master's degree.

1. Earn a Higher Salary

Earning a master's degree is one of the best professional benefits for individuals looking for a higher earning potential. Statistics show that graduates with a master's degree reported median annual earnings of around $81,848. This is approximately $12,000 higher than the salaries earned only by those with a bachelor's degree.

Engineering, computer science, math and sciences, and business are the master's degree disciplines with the highest average starting income. Employers most frequently seek master's degrees in these areas, according to a survey conducted by the National Association of Colleges and Employers (NACE).

Further, the salary potential of an individual increase when specific degrees are earned. Examples are Master of Business Administration, Master of Science, or Master of Public Health. These degrees allow individuals to become more valuable in their chosen field.

This may allow them to enter specialized roles with a significantly higher salary potential. With the right degree and experience, a master's degree can be a great tool to achieve higher earnings throughout a career.

2. Get Hired Faster

A master's degree is often an asset when seeking a job. It demonstrates a level of commitment, dedication, and expertise.

Professionally, a master's degree shows employers that an applicant has gone above and beyond. This is when compared to those who only hold a bachelor's degree.

It demonstrates they have the knowledge and skills necessary to complete the job. A higher degree shows prospective employers that the applicant has the commitment and desire to learn and be educated continuously. This could equate to an increase in productivity.

Furthermore, master's degree holders are usually deemed more eligible for career advancement. There is a higher possibility for a candidate to want to move up the corporate ladder with skills developed through the degree program.

This makes them attractive to prospective employers. It also increases the likelihood of getting hired faster.

A master's degree may be an entry-level requirement for some occupational responsibilities. This is particularly common in jobs that require extensive knowledge or professional licenses. Examples are health care or school administration.

3. Affordable Self-Investment

Pursuing a master's degree is an affordable self-investment that can generate tangible professional benefits. As one progresses along their chosen academic path and completes a master's degree, the financial use of doing so quickly outweighs the investment.

Since a master's can take one to two years, employers generally are willing to provide substantial compensatory wages during the study. Also, the admission requirements of NDNU and their enrollment process are straightforward. This makes the process of obtaining a master's degree more manageable.

Compared to the cost of many continuing education certifications, obtaining a master's degree at an accredited college can provide a greater overall return on that investment.  For instance, completing a low cost online communications master's degree can help advance your career in media or advertising. Professional certifications are more expensive but have lower learning effectiveness. Topics are usually cramped into a one or two-day event to accommodate busy professionals who can afford a higher price tag.

In short, a master's degree comes with many advantages. It offers prestige and higher earning potential. While hard work is still needed to reap the benefits, the effort is a well-worth investment that pays dividends over time.

4. Opportunity to Switch Careers

Switching careers can be a challenging process. But, a master's degree offers a unique opportunity for better job satisfaction.

It allows people to explore the areas of study they may be interested in. They can better understand these areas, which can turn into passion.

The degree can also afford the job seeker the opportunity to acquire new knowledge and skills. This may be a better fit for a new career field. With a master's degree in hand, professionals may be able to transition into a completely different career sector.

It would enable an individual to obtain more specialized certifications. It can also make them more desirable for certain positions. One may switch from an accountant to a banker or an engineer to a lawyer.

With the right graduate degree, one can find employment across industries. One can rapidly switch from one career to another without worrying about unemployment.

5. Avenue to Network

A master's degree provides a heightened knowledge of the desired field of expertise and access to networking opportunities. This can help further advance one's career.

You can meet peers similar in drive and the institutions' mentors and alums. You can also get to know other individuals who have access to vast levels of experience and resources.

You can take advantage of mentorship from higher-level professionals. You can also seek advice from current students. You will also get to meet and talk to inspiring professionals in the field.

These contacts offer unparalleled insight into industry trends, new opportunities, and industry news. The knowledge gleaned from these experiences opens up the possibility of new positions. Maintaining these connections for continual growth in the professional arena is essential.

These networking opportunities give graduates an advantage when looking for career opportunities. With a master's degree, one can have a higher chance of advancing their professional career in the long run.

Start Reaping the Benefits of a Master's Degree

Upon completing a master's degree, individuals gain improved technical career skills. They can get higher salaries and better job security. They can also have more excellent advancement opportunities within their career paths.

Specifically, professionals benefit from the ability to make a more substantial impact in their chosen fields. A master's degree is a wise investment for any professional and will likely pay off over the long term.

If you are ready to take the next step, get started today. Reap the benefits of a master's degree that you can earn.

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