While employers highlight the importance of soft skills such as emotional intelligence and resilience, many in-demand jobs require higher education credentials.
I, for one, am looking for ways to better myself. Getting a master’s degree is one option. It has been a dream of mine to get a master’s degree. However, resources were not in my favor. Things changed when the pandemic came. I had the luxury of time as I was mainly working from home. This decision needs to be taken seriously. When deciding whether you must take a master’s degree or not, consider these factors.
#1: THE REASON WHY YOU ARE DETERMINED TO GET A MASTER’S DEGREE
Getting a master’s degree will enable you to follow your passion. It does not necessarily have to be closely associated with your bachelor’s degree. You have the power to carve your path.
Moreover, getting a master’s degree is a way to buy yourself some time. For students who are not sure of their career path, graduate studies may provide a safety net for the next couple of years. This should not be your primary reason. Choose to pursue it, if it would be better for your career. For instance, getting a master’s degree in education will help you to get promoted from your teaching position. It will build a bridge to the next step of your career.
#2: THE TRUE COST OF GRADUATE STUDIES
Be honest when it comes to your financial capabilities. Studying further is not cheap. Ask the registrar or the program adviser of the university you are eyeing on regarding their fees. Know if there are scholarships or other forms of financial aid schemes.
Remember that it is cheaper to complete your master’s degree using online courses. Some courses even provide free resources. There is a plethora of content available, at no cost, to the general public.
#3: THE LEVEL OF DIFFICULTY
Ask yourself how hard it is to get a master’s degree compared to your bachelor’s degree. You see, undergraduate programs involve tackling simpler topics. Graduate studies are more structured and complex. The amount of preparation required for the tests and classes is higher than before. You need to study beyond what your lecturers have taught.
#4: THE CHANCES OF SALARY INCREASE
It is no secret that people who have completed higher education are generally paid more money than those who do not. While a 25% increase in earnings is the average increase people see, attending the top MBA programs can boost your salary by as much as 60-150%. Equipping yourself with knowledge can help increase your earning potential.
#5: THE LOCATION OF THE SCHOOL
Given the current situation, you must access whether the location of the school will affect your lifestyle choices. It is difficult to travel and relocate at this time. Most graduate students have families. Thus, it makes relocation a difficult option. Think about the location of the school when searching for master’s degree programs.
Are you studying overseas or locally? Are there online schooling options? You need to decide on the best location for you.