With the unemployment rate increasing to 9.2% and many of the mind that the recovery in the job market has stalled there are more unemployed men and women and some college students who feel that pursuing a master’s degree could help with their employment opportunities. Obviously, there are some who may benefit from pursuing an education beyond their bachelor’s and with online colleges making classes more accessible, not to mention major universities offering online degree courses or distance education opportunities, there are various ways that one could acquire their graduate degree at the present time.
However, there are those who question whether it is worth it to take courses, spending time and effort, in the hope of acquiring a master’s degree especially since there are no guarantees that a higher degree could lead to a job opportunity. While there is research that suggests those with a graduate degree do stand to earn more on average, there are some fields of study where a master’s degree may only offer a small increase in the average one stands to earn over their career.
Also, there are some fields where students with a master’s degree are finding they are being passed over for job opportunities simply because they don’t have enough experience. There are some employers who see experience and time in their specific field to carry more weight than a degree where studies in theory or practices of a field are not as helpful as real-world experience.
The question that remains is whether students or workers, both employed or unemployed, should pursue a higher degree, as there are factors like cost the must be considered too. There are reports that state student loan debt has become the main form of debt many American’s are facing presently, and there are some who may be in a position where a master’s degree could cost a great deal if loans are a student’s only option. However, when considering a graduate degree there are some aspects of this pursuit that must be considered.
Whether to study for a master’s degree is an individual choice that must be made by a student, but research into the field in which one plans to study is the starting point for anyone, as there are some careers that can be begun or boosted by a master’s degree or there are areas where experience may be more helpful. There are some undergraduate students who may fair better in their career aspirations if they take an entry level job, gain experience, and move up the latter in a specific career, but this is where looking into current averages and projections in areas like salary and hiring that may be in place.
Few would say that more education is a bad thing, but when a degree comes with student loan debt and may only offer minimal benefits to the student it may not be the best choice in some cases. Again, traditional and online colleges can offer a range of master’s programs in various areas, but students may want to focus their primary research on their chosen industry or potential career field before looking into admissions policies for a master’s program at one of these educational institutions.