5 benefits of doing a Master’s degree - CV Plaza

5 benefits of doing a Master’s degree

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Below are some of the main benefits of doing a postgraduate master’s degree:

1. Specialist knowledge

A master’s degree, regardless of which subject you’ll study it in, is designed to give you a higher level of knowledge, understanding and practical awareness than a bachelor’s degree. In this age of advancement and technology, studying at a postgraduate level equips one with the specialist knowledge to become an expert in their field and make a tangible difference in their industry.

Additionally, a relevant postgraduate vocational qualification is an essential entry requirement for some job roles including Doctor, Architect and Consultant.

2. Stand out from the crowd

Almost everyone goes to university nowadays; everyone knows that. Tens of thousands of students graduate each year, driving up the competition for professional and specialist jobs.

Having a master’s degree in today’s highly competitive market is another effective way to stand out from the crowd:

In 2013, the proportion of working-age adults in the UK with a degree was 38%. In the same year, only 11% of the British workers aged 26 to 60 had a postgraduate qualification.

3. Higher earning potential

Prospective employers highly regard applicants with master’s degrees, and this is clearly reflected in the employment statistics and the salaries that postgraduates earn compared to undergraduates.

In 2015, 78% of working-age postgraduates were in high-skilled employment, compared to 66% undergraduates of the same category. The median salary of these postgraduates was £39,000 per year, compared to £31,500 for undergraduates (Graduate labour market statistics).

4. Credibility

A master’s degree increases your creditability because it is an additional indication and testimony of your commitment to your work and professional development. It comes as no surprise that those with postgraduate degrees are hired faster for managerial and professional roles, even if their degrees are unrelated to their work.

5. A stepping stone to the world of research and beyond

A master’s degree opens doors for further study in the future.

Usually, a master’s degree (at level 7) is needed in order to apply for a PhD (level 8). Therefore, those who wish to become scientists, researchers and professors need to complete a master’s first before they can progress to a PhD and beyond. These highly-skilled jobs are also the ones that have the greatest impact on society.

Good luck!