Have you been toying with the idea of earning your master’s degree, but find yourself not quite sure if it is the right career move? According to recent statistics, over 830,000 master’s degrees are earned each year, making it a popular way to advance career opportunities. Yet is it right for you?
Because earning a master’s degree does represent an investment of time and money, you will want to ask yourself a few questions.
1. Do You Want an Opportunity for Higher Earning Potential?
The first question to ask is whether you want the opportunity to earn more in your career. Of course, you do, this is almost a rhetorical question. Who wouldn’t want to increase their earning potential? Yet many potential master’s degree students are not aware of the amount of earning potential increase they can see if they earn a master’s degree.
You can have the potential to earn substantially more with a master’s degree. According to 2017 statistics from the Bureau of Labor Statistics, individuals with a master’s degree earned an average of $1401 a week compared to $1173 for a bachelor’s degree and $836 for an associate degree. This means earning a master’s degree earns $231 more a week or $924 a month more than having just a bachelor’s degree. That is significant earning potential.
2. Do You Want to Learn New Skills?
If you find yourself asking, “What should I know before getting a master’s degree?” then you should know that earning a degree is going to help you dig into your knowledge base more deeply. For most professionals, this digging is a good thing. You are already working in the field and expanding your knowledge can only help you find greater success.
Do you have a passion for the field you work in? If so, earning a bachelor’s degree will help you grow that passion. You will gain experience and credibility in the industry, and that can make your work more fulfilling. You may even become known as an expert in your subject area, and you will enjoy your education as you gain insight into the field you love.
3. Do You Want to Stand Out Among Other Professionals in Your Field?
If you work in a crowded field, how can you stand out? A master’s degree gives you that opportunity. Adding the credential of graduate degree training to your resume will make you a more impressive candidate and make you stand out as a leader in your career field. When you are surrounded by other professionals, this could be the key to standing out.
4. Are You Looking for a Path to Career Advancement?
Have you reached a point in your career where you have little room for advancement? Sometimes the addition of a master’s degree is what you need to move past this wall. Many employers understand the value of a master’s degree, and they will reward those that have one with additional opportunities. Statistics show that as many of 33% of employers now choose job candidates who hold a master’s degree for roles that previously required just a four-year degree. This applies to more than just new hires, as well. If you are in line for a promotion in your current role, having an advanced degree may be what you need to push yourself to the front of the line, making the degree well worth it.
5. Do You Want to Earn More Respect in Your Career Field?
Earning a master’s degree helps you develop professional skills, fine-tune your independence, and improve your knowledge in your field. All of these factors help you earn more respect in your career field. The people around you will appreciate what you bring to the table, respecting your thoughts and opinions when approaching the work of your organization. A master’s degree may even earn you the right to teach in your career field should you want to do so in the future, passing on your knowledge to the next generation.
6. Do You Want to Build a Strong Network?
While you are earning your master’s degree, you are going to learn alongside other dedicated professionals in your field. If you work strategically, you can add both fellow students and your instructors to your professional network. As you move forward in your career field in the future, those individuals can turn into sources for job opportunities, people to bounce ideas off of, and references to put on your resume or in your cover letter. Stay proactive to remain in contact with the people you study alongside using tools like LinkedIn, and you may find that your newly grown network pays off in the long run. Be sure to pay it forward by helping the people you’re adding to your network when the opportunity arises.
7. Do You Want to Gain More Confidence?
As you consider “What questions should I ask about getting a master’s degree?” this is, perhaps, one of the most important. An improved professional network, increased job opportunities, and increased earning potential are all helpful and important, but ultimately, are you looking for more confidence? For nearly everyone, the answer to this question is, “Yes!” Adding advanced training in your field will help you increase your knowledge, and with that knowledge comes increased confidence. You can enter discussions confidently, knowing you are armed with the right knowledge to add value to the conversation.
Is a Master’s Degree Worth It? Yes! Are You Ready to Get Started?
If you’ve asked yourself these questions and decided that now is the time to get your master’s degree, Lewis University is here to assist. We have a number of master’s degree programs in high-demand fields, such as Cybersecurity, that you can use to increase your knowledge and expand your career opportunities. Whether you want to enjoy an increased earning potential or simply want to learn more in a field that you are passionate about, Lewis University is ready to be the supportive help you need on this endeavor. Reach out to our admissions team today to start the process, and embrace the perks of a master’s degree.