Since the year 2000, master’s degrees have gained too much prominence in the competitive job market, and with positive reason- they tend to increase an individual’s chance of getting hired as more trending employers look for individuals with higher qualification and diverse skill sets. In fact, according to a report from the Bureau of Labor Statistics (BLS), employment in master’s-level career opportunities is projected to grow 17% from 2016 to 2026, which is the fastest of any education level.
Some employers and sectors require fresh graduates to have the master’s degree and are paying well for it. As per the 2016 article by Fast Company, almost one-third of employers require higher levels of education for their applicants, opening up their desires to minimize the look out for sectors and distract employees with the university credential becoming increasingly important and proven to increase employees’ productivity and quality. As a result, those with postgraduate degrees are less likely to see a break in their career, according to the Bureau of Labor Statistics.
But, what actually is a master’s degree?
A master’s degree is a 2-year program that you can pursue after graduation. It focuses on the intent that you have high-level knowledge about the specific field of study. The master’s degree is the first step after bachelor’s, followed by the second step of a doctoral degree, especially a Ph.D. This is required if you want to study more after your postgraduation. If you are eager to make a quick decision in it, then you begin on it directly after completing your master’s degree.
The basic need for pursuing a master’s degree program is that you have atleast a bachelor’s degree in the specific area of study in which you want to do the master’s degree.
Getting a master’s degree in the most trending online degree program is often considered as an opportunity to get with time, money, and energy. However, the return on investment can improve, especially when you add in the advantages that often come with jobs further up the career graph . Here’s how.
1. Easier Entry into the Job Market
To get better-quality jobs, admission to top-notch universities, institutes, and schools is a must. According to the U.S. Bureau of Labour Statistics (BLS), at least 33 new job prospects require a master’s degree, even for the fresher positions. These job prospects range from economists and statisticians to marketers to system analysts. The awestruck point with these numbers is that this number still doesn’t count those that require professional online degrees, such as economists and mathematicians.
It overall reflects that a master’s degree opens up doors to job prospects that others can’t think about. Even for jobs not listed on the BLS top list, employers often prioritize candidates with master’s degrees. This is the reason why the BLS reflects that individuals with a master’s degree have a lower unemployment rate than those with an undergraduate degree. Statistically, it’s easier for people with a master's degree to track down new job prospects.
2. Higher Salary, Better Benefits
Financial handling in a stupendous way isn’t all that just becomes a point of concern for job satisfaction, but it certainly helps. With a master’s degree, you have all chances to get a higher pay. Individuals with a postgraduate degree in a reputed online course do make more than $300,000 or more over their lifetimes than those with only a bachelor’s degree. Weekly salary for those with a postgraduate degree can also make sure to gain $250 higher than those with an undergraduate degree.
With this, master’s-level jobs also often come with many perks, including better health insurance, travel insurance, profile sharing and stock options, promotion opportunities, and financial support for continuing further education and personal well-being and development. Taken together, they stand as an option to enhance the full financial package of a master's-level job.
3. Quicker Road to Promotions
No single advantage will assure you a promotion, but many of the most crucial reasons individuals get promoted can be upgraded through a master’s degree. For example, most experts believe that building a professional network can help you get promoted. Top-notch universities or institutes put individuals in your field who can be peers—even supervisors—later in your job prospects. You can also get access to global faculties with their professional experiences and peers that can help you take the next step in your choosing of desired job prospect.
Also, top-level employers that are making headlines promote individuals who are self-starters and are looking to actively grow. They want to know you can freely tackle the complex challenges that come with higher positions. Success in universities and schools shows you’re ready to make the investments necessary to handle tomorrow’s challenges.
4. Specialized Skills
By nature and design, bachelor degree programs take a wider introductory approach. Many bachelor’s degree holders only take around a one-third of their coursework within their leading option of studies.
In such cases, top-level universities and institutions work to sharpen their focus on the desired field. Carrying out a master's degree online involves an in-depth understanding, practical handlings, and key considerations with experts in the field such as esteemed faculties or professors. You will also get the chance to conduct personal research projects designed more specifically around professional focus and personal interest. All in all, a master’s degree helps you get transformed from a generalist to a specialist.
Conclusion
The advantages of a graduate degree extend beyond career advancement and increased earning potential. Your online master’s degree program will help you cover up with personal satisfaction and soft skills that are considered as bold steps that you take over to make your next move with ease..
No matter what industry or field you are involved in, you will find that Chandigarh University Online has an online program for you. We offer a vivid range of master's degree programs in different industries like education, business, healthcare, and more. Our skill-enhancement online degree programs are designed to provide individuals with the advanced knowledge and skills required for them to pursue higher-level positions within their chosen field of studies.
