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Master’s Degrees: Is It Necessary?
Over the last decade or so, the number of people getting Master’s degrees has increased significantly. This can be blamed on the fact that employers no longer care about someone with a Bachelors. It was impressive in the 1970s when fewer people could afford higher education. Nowadays, the percentage of people with higher education has almost tripled, making the degree less valuable.
At some point in life, many people have questioned whether getting a Master’s Degree is worth it when they witnessed everyone around them, including themselves, get jobs with their one degree. Ultimately, it all depends.
Well, Is It Needed?
Doing a postgraduate degree isn’t for everyone, especially taking into account the sheer amount of money being spent on it. Furthermore, not every job role requires a postgraduate degree in order to get jobs and become successful. Some of those careers include:
However, certain fields require postgraduate degrees – and sometimes Doctorates’ – in order to succeed. Here are some of the careers that require a Master’s Degree:
Answering these questions can help you decide if getting a master’s degree is the right call for your career.
Does It Guarantee Higher Pay?
As a lot of the time earning a Master’s is simply a personal goal, there is no guarantee in the return on an investment after paying so much money for the programme. It may open a few more doors for you, career-wise, especially if your degree is on a field that requires the qualification.
Higher pay usually comes with time and experience in the workplace, not whether you have a postgraduate degree. Without experience, there’s no way proving you are able to efficiently function in professional surroundings.
Does It Guarantee A Job After Graduation?
Holding a Masters qualification won’t guarantee you a job on graduation, but the government’s Graduate labour market statistics from 2017 show that graduates and postgraduates had higher employment rates than non-graduates.
Postgraduates were also a lot more likely to be in high-skilled employment. Statistics showed that 77% of all working-age postgraduates were in high-skilled employment, compared with 65% of all working-age graduates.
Having a relevant Masters degree could give you a crucial competitive edge in today’s crowded job market. It’s also great for people who want to study a completely different subject and learn a new skill.
Whatever you decide, there are plenty of graduate schemes to choose from. Concerned about job searching after receiving lower grades than expected? Have a read on what jobs you can get with a 2:2 degree.