According to the U.S. Census Bureau, only eight percent of Americans hold a master’s degree. Having a master’s degree is an excellent way to challenge yourself both academically and professionally. Below explains how it can help you obtain a more fulfilling career.
You will not only feel a sense of accomplishment, but also personal satisfaction. A master’s degree is an excellent way to both challenge yourself and push your academic limits to the fullest. Knowing that you are among the eight percent of the population with a higher education will increase your confidence and self-worth.
Almost every college or university offers some sort of online master’s degree program. You can still work full-time while obtaining your higher education. In addition to this, there are unique and exciting programs to choose from. For example, you could get a master’s in reading to develop leadership skills needed to make an impact in the classroom. A master’s degree gives you the opportunity to really specialize in any given field.
The earning potential of a master’s degree is hard to pin down. This is because each industry and professional is different. However, the Bureau of Labor Statistics (BLS) estimates that the average master’s degree holder earns at least $12,000 more per year than a bachelor’s degree holder. Certain professions guarantee high earning. For example, the average income of a person with a master’s degree in economics or engineering is over $100,000.
Almost all higher level jobs require a master’s degree. This includes the fields of health, business education, science and public administration. Previously, a bachelor’s degree was the standard educational requirement for entry-level jobs. Now, a master’s degree is quickly becoming the new standard. In fact, the BLS estimates that jobs requiring a master’s degree will increase by over 20 percent from 2016 to 2020.
Having a master’s degree increases job security. The BLS estimates that the unemployment rate for master degree holders at 3.5 percent, compared with 4.5 percent of bachelor degree holders. In addition to this, the current economy is still experiencing high unemployment rates with increasing amounts of job seekers. As a result, those with a higher education are better candidates for new job openings.
People with a master’s degree enjoy a higher level of credibility in their personal and professional lives. Having a master’s degree sets you apart from the average bachelor’s degree holder. As a result, you can accomplish more and take advantage of more career opportunities. A master’s degree in a specific field, such as business, science or health, can make a huge difference at work.
In conclusion, getting a master’s degree will benefit your personal life, stabilize your career and increase your earning potential. No matter what field you are in, higher education can make a positive impact on your career.
Anita is a freelance writer from Denver, CO and often writes about education, business, career and finance. A mother of two, she enjoys traveling with her family when she isn’t writing.