Earning an advanced degree can require a bit of balancing, as furthering your education requires a significant commitment of time, energy, and money. Plus, there are no guarantees your new degree will earn you the job of your dreams.
But that doesn’t mean it’s not worth pursuing a master’s degree. In fact, there are plenty of reasons why it’s a great idea to take your education a step further in order to open doors and maximize your earning potential.
To help inspire you to get back in the classroom, here are four reasons to consider earning a master’s degree:
1. A Master’s Degree Looks Great on a Resume
You’re not necessarily guaranteed to get a job just because you’ve earned a master’s degree. But what earning a master’s degree does guarantee and say about you is that you have sharpened your skills and strengthened your knowledge in a given field. With a master’s degree, you’ll become a far more desirable job candidate than someone who doesn’t hold an advanced degree. This can increase your chances of landing that dream job.
2. More Employers are Looking for Master’s Degrees
We don’t need to tell you that competition is stiff for today’s job-hunters, but the competition may be even tougher than you had previously imagined. In particular, a recent CareerBuilder survey found that 33% of employers seek candidates who hold master’s degrees. For many high-paying jobs, it’s no longer enough to have a bachelor’s degree and plenty of ambition. More often than not, you’ll need to earn an advanced degree to showcase your talent and overall worth in the business world.
3. Master’s Degrees Can Earn You More Money
A master’s degree will not only give you a better opportunity to score a higher-paying job but it will also open doors to a wider variety of jobs that you may not have considered.
Having an advanced degree on your resume will also be a valuable bargaining chip when it comes to contract negotiations. With your master’s degree, you can potentially earn more at any given job — not just at one that requires a master’s degree.
To put the difference in earnings between a holder of a bachelor’s degree and a master’s degree into perspective, the median annual salary for someone who holds a master’s degree is $12,000 higher compared to someone who has a bachelor’s degree, according to the Bureau of Labor Statistics.
4. You Can Complete a Master’s Degree Online
Many people who consider continuing their education beyond a bachelor’s degree are also settling into careers or building families. Plus, they already have their plates full with an array of other responsibilities. A busy schedule can make the prospect of attending on-campus classes more challenging.
Fortunately, online courses are becoming more and more popular, and because of that, they’re also becoming readily available and more refined. If you look into popular online master’s degree programs in accounting, nursing, IT, and more, you’re bound to find a strong program that can open the door to a whole new world of career possibilities.
Become a More Versatile Employee with an Advanced Degree
Furthering your education with a master’s degree provides a solid foundation upon which you can construct a more rewarding future career. The skills you learn in a master’s degree program will serve you well, even if you decide to explore a field that’s unrelated to the discipline you studied.
For the best versatility going forward, consider a degree that’s applicable to many different industries. This approach provides you with the chance to move between fields as you find the best fit.