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Why Getting a Master’s Degree Is Important

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Once you’ve earned your bachelor’s degree, you may be wondering if a master’s degree is beneficial to your future. One of the most obvious reasons to earn a master’s degree is to advance your career and increase your earning potential; however, much of your decision is dependent upon your desired career choice. To help you determine if earning a master’s degree is the right pathway for you, consider some of the following career fields where a master’s degree may be most useful.

Dr. Timur teaching a class at Hodges UniversitySome occupational fields require a master’s degree even for entry-level jobs. These often include:

  • Economists
  • Education administrators
  • Counselors
  • Librarians
  • Statisticians
  • And more

If a master’s degree is not required to gain entry into your desired career field, in many cases it can lead to higher pay or career advancement. You may find the following careers to be most lucrative should you decide to earn a master’s degree:

  • Business – This is the most commonly awarded master’s degree and can help those in positions like financial and sales occupations earn a premium. A master’s degree offers the biggest pay difference in careers in securities and commodities as well as financial services sales agents. The median annual wage for people in those fields with a bachelor’s degree is $90,000, but it nearly doubles to $170,000 with a master’s degree.
  • Education – The education field makes up a bit more than 20 percent of all master’s degrees earned. Education administrators can earn about 44 percent more with a higher degree, and even preschool and kindergarten teachers can make 43 percent more by pursuing their master’s.
  • Health care and Social Services – Master’s degrees can help a physician’s assistant earn an average of 44 percent more than those without them. Counselors and social and human service assistants can also earn 35 percent

Before making your decision, make sure to research your desired career field and determine if a master’s degree is right for you. If you are ready to make the next step and begin your pathway to a master’s degree, contact Hodges University today at 1 (833) 510-1915.