As the possibility of unemployment looms, the market has turned to be a very competitive market. This competitiveness enables students and professionals each year to choose to pursue further study in the form of a postgraduate taught programme such as a master’s. The motivation behind this determination is much linked to the belief that a higher-degree qualification will result in a more respectable job. But does the CV addition of an MA, MBA or MSc actually improves employment prospects?
A master degree is an academic degree, which is earned after completion of undergraduate degree (BA or BSc). Typically the master’s degree requires around 30 credits of coursework and takes 1-2 years of full time study. Moreover, along with coursework, master degree includes completing of comprehensive tests and/or a dissertation. Master’s degrees awarded in all fields, usually as an MA (master of arts) or MS (master of science), although some fields have discipline-specific degrees, such as social work (MSW) and art (MFA).
Master’s degree develops greater abilities than an undergraduate qualification. Nevertheless, it certainly builds on the skills gained at undergraduate degree level that is time management, self-discipline, assignments and working to deadlines.
The master’s program develops a new form of maturity for individuals. For instance, you are no longer a student to the teacher, in fact you are an individual who working in a field which creates a whole new dynamic and a mode of conversations, and confidence. This, however, enables you to work as a professional, rather than graduate or intern.
Moreover, going after a master’s degree can open many career gates, including certain fields, advancements and promotions. For instance, undergraduate business student who pursues an MBA, could result in opening of fields of HR, Finance, Sales and Marketing for him/her at the end of the course.
Often, though, master’s study can be about changing direction rather than specializing, and this too can enhance career options. For instance, MA [in Arts and Culture] has everyone from surgeons to asparagus farmers, psychoanalysts to bartenders. Some people have PhDs in Literature and others have just finished a BA in Computer Studies.
Being proactive is incredibly important in achieving the outcomes desired from a postgraduate course. Dedicating a year to a subject is advantageous, but it takes more than that alone to improve credibility in front of your employer. A master’s study can be a significant way of networking to secure later employment opportunities, as it gives the chance to develop a network of contacts and get your name out in the right circles.
Many careers that require master’s degrees are typically found in sectors such as research and academia. Professionals with a master’s degree often benefit from higher pay and increased job responsibilities. According to one research, there is a higher probability of increase pay and promotions if an individual has mastered as compared to normal graduate.
Lastly, the pursuit of some form of study to enhance future career prospects is a gamble as it includes high risk, and sometime cost of these courses is relatively very high, but on the other hand by engaging with the available opportunities, it can also be a worthy investment.