Master’s Degree

You can achieve various consecutive university degrees as part of a multi-level study model. The Master’s degree is the first graduate degree you can earn after completing a Bachelor’s degree. A master’s degree usually covers usually 4 semesters and is a prerequisite for a doctorate.

It is a master’s degree worth it?

Many times I have been asked that question and the short answer is: it depends.

If you have just obtained a bachelor’s degree and you want to continue your studies in a master’s degree and at the same time earn real money, then a master’s degree is not for you. I tell you this because it would be like thinking that you will join a company and give you management training and pay you for it.

If you expect to get better jobs by having a graduate, then don’t do it. Most companies value experience more and a degree would be a compliment.

Studying a master’s degree requires that you know what you are going to do, and you should also know what your focus will be. You must also understand the field in which you will work. Now, if you still don’t know these things, then don’t do it yet.

On the other hand, if you already have several years of professional experience and know-how your field works, then this is the ideal time to study a master’s degree. A master’s degree will also help you if you are going to teach at the university, where, of course, it will be relevant.

How much does a master’s degree cost?

The cost of a master’s degree depends on several factors. The factors could be the duration of the program, the total credits required for graduation. Another factor includes whether the student will pay tuition in or out of state.

The average cost of a master’s degree is $ 40,000 to $ 120,000 according to findaid.org. This cost varies according to the university where you will study or the master’s program itself.

For example, the average cost of an MBA is $ 40,000 in most universities. In some universities, you can find a lower cost, while at Stanford or Harvard the cost can go up to $ 120,000.

Master’s Degree vs Bachelor’s

Master's Degree

In the United States, there are three main differences

First, there is a level of focus. In a degree, for example, you will study a specialty but you will also study other subjects. While in a master’s degree the focus level of your classes will be inside a discipline almost entirely.

Second, there is a degree of specialization. A bachelor’s degree assumes that you learned several subjects at school and the level goes up. Also, in a master’s degree, it is assumed that in bachelor’s you learned several subjects but, here you will specialize in one of them.

Third, you must consider the time you will take to get the degree. A bachelor’s degree usually consists of forty classes and you can finish it in four years. While a master’s degree has about ten classes and you can complete it in one or two years

Master’s degree vs PhD

In the same way that you asked yourself about the need to study a master’s degree after studying a bachelor’s degree, we can ask ourselves the same question regarding study a doctorate after finishing your master’s degree. Here are some key points you can consider.

Time

A graduate degree requires a significative amount of time. In fact, doctoral degrees require more time than masters. The average time to obtain a master’s degree is two years for a full-time student. While a doctoral student could take five to six years, and in some cases up to nine years.

Money

The well-known adage “time = money” cannot be better applied than in postgraduate studies. Since a doctorate requires more time to complete it also requires more money. The advantage of this is that a Ph.D. can give you access to a higher salary at the end of it. Therefore it is worth such an investment.

Commitment

Graduate school requires a lot of effort, most people cannot deny it. In fact, the commitment is much greater than any other kind of university studies. This is because graduate schools are very competitive and of course the years required to complete a doctorate require much greater perseverance.

The difference between the university and the graduate school lies in the student’s ability to focus on his field and make the most of the topics that interest him most. While it is true that graduate school requires more effort, most students may feel comfortable as it involves a field in which they are very interested.

Pros and cons

Now that we know that graduate school will require more effort, time and money for either a master’s or a doctorate. Now, which one do you choose?

If what you are looking for is an increase, a Ph.D. is probably not your best choice. Now, if you delight in learning and want to pursue a career as a professor, then the effort to obtain a doctorate can be worth it. The masters are more career-oriented in themselves, while the doctorates are more research-oriented.

A master’s degree has the benefits that it requires less time and money than a doctorate and that you will still be able to stand out from people who only have a bachelor’s degree. With a master’s degree, you can specialize in a specific field. So if you have been working in a specific field and want to acquire new skills and knowledge this will help you to qualify for another position within your field.

A master’s degree can also help you change careers. If after a while in the workforce you discover that your professional education does not take you in the direction you want then a master’s degree could give you the direction you want. You would choose this new direction when you acquire new knowledge and skills.

However, there are things you cannot achieve with a master’s degree. A doctorate is practically mandatory if you want to become a professor. For those few who obtain a teaching position with only master’s degrees, schools want them to advance towards a doctorate.

Outside the academic world, a Ph.D. can also be very useful in today’s competitive labor market. A Ph.D. can open opportunities in companies looking for extremely qualified people.

Can a master’s degree be completed in one year?

As the number of people looking for a master’s degree increases, so does the number of students who wish to obtain their master’s degree in less time. There are accelerated programs that allow obtaining the degree in less time, they can even finish it in a year.

Continue reading to learn about the common one-year master’s degree options, schools that offer degrees in each, and the benefits of earning a one-year master’s degree. You can see a list of these programs here

Most common master’s degree

Although there is a wide variety of options to choose a master, without a doubt the MBA is the most popular. Followed by the MBA is the Master of Health Administration. And to close the top three the Master of Education closes the list.

Data obtained from Google AdWords.

List of Master’s Degree and its abbreviations

AbbreviationsDegree
M.Arch., M.S.Master of Architecture (Professional Degree) or Master of Science in Architecture (Research Degree)
MA, M.A. or A.M.Master of Arts
MBA or M.B.A.Master of Business Administration
MCom or, M.ComMaster of Commerce
MCAMaster of Computer Application
MDiv or M.Div.Master of Divinity
M.Ed., M.S.Ed., or MSEd.Master of Education (Master of Science in Education)
MEM or M.E.M.Master of Emergency Management
MEDM or M.E.D.M.Master of Emergency and Disaster Management
M.E., MEng or M.Eng.Master of Engineering
MFA or M.F.A.Master of Fine Arts
MSc.HM or MHMMaster of Health or Healthcare Management
MIA or M.I.A.Master of International Affairs
MIS or M.I.S.Master of International Studies
LLM or LL.M.Master of Laws
MLSMaster of Library Science
MLAMaster of Liberal Arts
MLISMaster of Library and Information Science
MIMMaster in Management
M.M.Master of Music
MPSMaster of Professional Studies
MPA or M.P.A.Master of Public Administration
MPH or M.P.H.Master of Public Health
(US)MS or M.S.; (UK)MSc or M.Sc.Master of Science
MSI or M.S.I.Master of Science in Information
MSIT or MSc ITMaster of Science in Information Technology
MSW or M.S.W.Master of Social Work
MSF or M.S.F.Master of Strategic Foresight
MTech or M.Tech.Master of Technology
ThM or Th.M.Master of Theology