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6 Reasons Earning Your Master’s Degree Is Worth It

by Margaret Hurst
Marketing Specialist

June 05, 2015

Earning a master’s degree is a huge decision. Between the time commitment and the financial costs, you want to be sure that going to graduate school is worth it to you.

There are a lot of pros and cons to weigh when you make the decision to earn your master’s degree. You may be asking yourself, Do I have time? What will my family think? Can I afford it?

While earning a master’s degree isn’t for everyone, there are a lot benefits. Read on to explore six reasons why earning your master’s degree may be worth it to you.

Reason #1: Earn A Higher Salary

People in the United States with a master’s degree earn an average of about 20% more than people with just a bachelor’s degree, according to the Bureau of Labor Statistics. That’s a big difference.

While it’s certainly possible for someone without a master’s degree to make as much as or more than someone with a master’s degree, it’s not the norm. Earning a master’s degree may be worth it if you want to make more money over the course of your lifetime.

Reason #2: Get More Job Opportunities

Many jobs require that the applicant hold a master’s degree. If you want to be a school principal for example, you will probably need your master’s degree. O*NET Online is a great resource for looking up the average required education level for various professions.

Reason #3: Score A Promotion

You’re ready to be the boss. But your company wants someone with a master’s degree to fill the spot.

If you’re ready to take on a higher leadership position within your current job then a master’s degree can help you get there. It proves to your employer that you have drive, commitment, discipline and initiative.

Reason #4: Gain A Competitive Edge

When you’re searching job listings you probably notice that most listings have two sets of qualifications – minimum and preferred. Don’t you want to fit into the preferred column?

Earning your master’s degree gives you a step up above the competition during the job search. If it comes down to two candidates with similar experience, the one with more education will probably get the job.

Reason #5: Intellectual Development

Earning your master’s degree may be worth it to you for personal development reasons. Author Aldous Huxley said, “There is only one corner of the universe you can be certain of improving, and that’s your own self.”

Earning a master’s degree will let you explore your chosen field in more depth than you do at the bachelor’s degree level. Your understanding of the topic and it’s complexities will expand.

Reason #6: Respect

Earning a master’s degree is an impressive accomplishment, and people notice. Your family, your employer and even your community will know that you’re one of the 8% of people in the United States to have achieved that level of education. It’s something to be immensely proud of.

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