How Do Employment Options Change with a Master's Degree?
Whether you are seeking a new job or striving to advance in your present career, a master's degree can help you reach your professional goals. You will find that a master's degree can provide opportunities that simply do not exist for those without this degree. Read on to find out how employment options can change with a master's degree.
How Employment Options Change With a Master's Degree
In many cases, one can land a higher-paying job if he or she has a master's degree, and they might make at least $14,000 more per year, according to the National Association of Colleges and Employers. Master's degrees can also enhance employment options for those who want to pursue careers in education, business, health, engineering and other fields.
Important Information About Master's Degree Programs
|Prerequisites||At least an undergraduate degree; there may also be prerequisites for your subject area or particular program, such as test results (GRE) and work experience.|
|Online Availability||Available online in many fields, such as business and education.|
|Degree Fields of Study||Common programs include a Master of Arts, Master of Business Administration, Master of Science, Master of Fine Arts, Master of Education, and Master of Public Health.|
|Programs||Available in many academic and professional concentrations, including literature and languages, sciences, math, education, business, health care, and psychology.|
Master's Degree in Education
While one can teach elementary and high school without having a master's degree, obtaining this degree can lead to other employment opportunities in the education field because it provides the competitive edge many employers seek. A master's degree might qualify one to teach at online schools or in 2-year community or technical colleges. Even some 4-year institutions, though most require doctorate degrees, might accept those who hold master's degrees for part-time positions, reports the U.S. Bureau of Labor Statistics, www.bls.gov.
Master's Degree in Business
In the corporate world, advancement opportunities increase for those who hold master's degrees. Many companies prefer that an employee has a Master of Business Administration (MBA) before he or she begins pursuing upper-management positions. According to the U.S. Bureau of Labor Statistics (BLS), economists made $104,340 for a median annual salary as of May 2018. Postsecondary business teachers made $83,960.
Master's Degree in Health Care
Those who work in health administration, public health or health services can pursue loftier career goals after earning higher degrees. For example, a Master of Public Health (MPH) degree might lead to a job as a health care administrator, public health administrator or health program director. These types of positions can be found in private firms, federal and state government agencies, and health management companies. The BLS reported that, as of May 2018, healthcare occupations where a master's degree was required paid a median annual salary between $69,120 - $113,930.
Master's Degree in Engineering
A master's degree in engineering can pave the way toward employment options in project and program management. This degree also qualifies individuals for executive positions in engineering firms, construction firms, manufacturing companies and government agencies. Those who have master's degrees in engineering may also have the option of becoming engineering consultants or researchers. Top executives earned a median annual salary of $104,980, per the BLS, as of May 2018.