Is a Masters Degree Really Worth it?

by - Monday, November 21, 2016

Woman expressing excitement after barging a masters degree

Should I pursue a grad course in my field? Is a masters degree really worth the hype? What are the advantages and disadvantages of pursuing a masters degree?  Should I go for my masters degree now or later? Is it really worth the financial investment?

If you never cared to ask these questions in your first year of undergraduate school, you'll be forced to as soon as you are rounding off in final year. I remember how indifferent I was towards this subject. I didn't even get to make up my mind until my service year was almost over. Getting a masters degree wasn't a do-or-die affair for me. If it was the next thing on the plate, then bring it on.

Many people are either like I was during my undergrad (indifferent) or at a crossroad (about to make a choice). Whichever way it is, I have compiled a list of pros and cons to help you decide if getting a masters degree is worth it. I have made this article into a mini-guide for people who are finding it hard to make a decision already. Truth is, it's supposed to be a very important decision as you may find yourself making a very terrible mistake especially in your financial life. Getting a masters degree might not cost a fortune but it's definitely going to dig a significant hole in your pocket.

Pros

You Learn More About a Subject You Love

For many reasons, we have seen many people develop enviable interest in their undergraduate course of study. It's amazing how much you want to know about something that you love to read about, study about and talk about. A masters degree is a good life choice to help you accomplish getting more knowledge.

You Become More Respected in Your Field

Many people don't want to hear this but it's very true. We live in a world where your qualification may have to go before a chance to prove your worth. A masters degree owner is definitely more respected than a B. Sc owner, for example. This is not to downplay any degree of course but this is just the way it is.


Your Intellect is Sharpened

There is something books do to you,  they sharpen your Intelligence Quotient. It doesn't matter if they are books on wisdom, or understanding. Reasoning and solving problems on a higher scale helps you increase your intellectual prowess and heighten your problem solving skills. I definitely finished my masters degree more intelligent than I was before. My emotional intelligence also increased as I learnt how to survive so many ups and downs we face as grad students especially during research.

You Have More Job Opportunities

I don't need to stress this more than you already know. Having a masters degree puts you over many others who have just an undergrad degree when you are job hunting. In fact,  it adds to your confidence as prospective employers would love to employ (all things equal) someone with a masters degree than someone who doesn't have one.

Cons

It Can be Financially Draining

Some people start a masters degree without critically assessing the cost of completely finishing one. I have seen a few people drop out of the program because they sadly got what they didn't bargain for. It's not better if you are especially in the science field. Research work can be so expensive. In fact,  more expensive than the school fees. Without appropriate funding, you might end up skipping meals to complete a masters degree.


Some Fields Don't Require Getting a Masters Degree

You wouldn't pursue getting a masters degree in a rush if you studied medicine or some other professional courses. Of course, a masters degree is a good one but is it really worth it? For some other career options, you may only need to have a sound undergrad degree to forge ahead in your career path. "For example, those interested in careers in public relations, journalism, human resources or video game design may not need a master's degree unless they are interested in management or research in those fields. Applying for an entry-level job in such fields with a master's degree could hurt their chances."- Maria Magher says.

It May be a Waste of Time

You spend at least 12 months to barge a masters degree in many schools. Realistically, it's usually more than that ; approximately two years. It can be a terrible waste of time going to study more in a field than starting up a career immediately. There is something as being overqualified for a job. Why waste time getting overqualified?

So here are the options you can weigh in finally deciding whether to pursue a masters degree or not. There are as many advantages as there are disadvantages of getting a masters degree but carefully assessing your options and determining what's best for you will definitely help in making a decision.

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3 comments

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  2. This is a well thought out post. It's good information for someone trying to make a choice.

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    1. Thank you for your comment. It is better to be informed that not when making career choices.

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