Going back to graduate school marks the beginning of a new chapter in the lives of many adults. Some benefits include professional development, increased financial earnings, and more career options. Here are questions to ask while deciding whether returning to graduate school is the right choice for you.
How Can Graduate School Improve My Current Job Situation?
Whether you are looking to advance in your current role or change your career path completely, obtaining a master's degree can aid in improving your current job situation. Going back to graduate school can also help you qualify for a promotion or move into management positions at a current job. Graduate degrees provide an in-depth exploration of a chosen course of study, often offering management approaches to solving problems and upper-level skills that can prepare students for that promotion they've been seeking. Overall, an advanced degree can open the door to further your employment opportunities.
Can a Master's Degree Improve My Pay?
Investing in your future by earning a master's degree often comes with a great reward. According to the Bureau of Labor Statistics, the median annual wage for full-time workers ages 25 and over whose highest level of education was a master's degree was $68,000, compared to $56,000 for those whose highest level was a bachelor's degree—a $12,000 wage premium. It's also important to consider the cost of higher education before entering into a program. Researching scholarships, financial assistance, and grants may assist in alleviating educational costs.