Today’s competitive job market requires that job candidates possess specialized skills, advanced knowledge and exclusive industrial insight. With all that in mind there are only few routes to go to achieve all of these requisites. A master’s degree provides benefits for both your career and personal life. Take a look at how going this route towards a higher education can help boost your career.
Specialized Skills
Master degree programs allow students to focus on specific skills and develop expertise in specific areas. This means that HR professionals can specialize in employee relations, organizational development and strategic planning. However, accountants may choose between auditing, corporate taxation and forensic accounting. Master’s degree programs offer the core competencies that are necessary to become supervisors and decision makers in every industry.
Expanded Knowledge
Master degree programs also allow students to expand their general knowledge base. This is especially useful for individuals who are switching or advancing careers. For instance, a computer programmer who is forced to enter a related field, such as web design or development, may use a master’s degree to ensure their career stability. On the other hand, a supervisor who wants to take on more responsibilities can prove their competence through an MBA in leadership or project management.
Marketability
Most job openings receive hundreds to thousands of job applications. When it comes down to a final hiring decision, the candidate’s education level is often a deciding factor. A master’s degree demonstrates dedication, competency and professionalism. It proves that the holder not only has technical knowledge, but advanced research, analysis, synthesis and problem solving skills. It also shows prospective employers that the holder is committed to continual professional development.
Networking
Business networking is more important to graduate students than undergraduate students. This is because highly educated individuals tend to occupy important or advanced positions. Within every industry, these industries form an informal network of successful professionals who share their industry insight, talents and experience. Just taking a master’s degree program will allow the student to connect with similar professionals, who may one day provide potential employment or commercial opportunities.
Higher Salary
It is well-documented that a master’s degree in any field will increase earning potential with current and future employers. This is especially important because master degree programs require steep financial and personal commitments. They ultimate ROI for every industry is different, but students should carefully compare program costs with future earning potentials when selecting a program.
Proof of Ambition
A master’s degree, like this athletic administration master's degree, is an excellent proof of ambition for older adults changing careers or younger adults attempting to enter industries with stiff competition. The diligence and dedication required by master degree programs demonstrate long-term career commitment and thirst for knowledge and professional progression.
As a final note, being able to show that you excel in a university environment is very beneficial for those who want to work in academia. Getting a master’s degree in any field can greatly increase your earnings and growth potential within your respective company.
Anita is a freelance writer from Denver, CO and often writes about family, health, home and lifestyle. A mother of two, she enjoys traveling with her family when she isn't writing.