Master’s Degree

Master’s Degree

A Master’s Degree is earned after completing a specific level of postgraduate education in a college or university setting. A master’s program can focus on any number of different fields of study. The program itself can be anywhere from one to six years in length, dependent upon the educational field in which the degree is conferred.

When most people think of graduate school, they think of doctoral degrees, and while PhD programs are one avenue for students to consider, Master’s Degrees are also an option for a postgraduate education and should not be over looked as they can be quite beneficial in furthering career opportunities, as well as a rewarding personal venture.

Master’s Degree programs are much more common these days than they once were. In fact, there are thousands more contemporary Master’s programs than there were even twenty years ago. One of the biggest reasons for this increase is due to the call for postgraduate education as a prerequisite for employment in so many different fields within today’s job market.

How a Master’s Degree Works

After completing a Bachelor’s Degree, graduates have the option to go on to pursue a postgraduate degree or to enter the work force. Of course, there is also the option of doing both, and many individuals find that working full time and going to school part time is a practical option for them.

Ultimately, the course load, class schedule and duration of study required to earn a Master’s Degree will depend on the program you choose and whether you are a full time or part time student. Many Master’s programs are only one to two years in length if you are a full time student. There are also many more accelerated degree programs available for those interested in completing their Master’s in a very short time.

Types of Master’s Degree Programs

Master’s programs fall into two main categories: Master of Science and Master of Arts. From there, programs break down into hundreds of degree titles. It is possible to get a Master of Science or a Master of Arts degree or to earn a more specific degree in a focused area of study.

Those programs that focus on a more specific area of educational study can lead to degrees with varying titles as well. Some may be structured to include only the name of the degree program, for instance, a Master of Applied Science. Others may include the umbrella title, as well as the discipline, as is the case with a Master of Arts in Management.

Master's Degree

Top Master’s Degree Titles

Master’s Degree programs are available in just about any field of study you may wish to pursue. That being said, there are some Master’s Degrees which are more popular than others. Following are fifteen of the most commonly selected Master’s Degrees.

  • Master of Accountancy
  • Master of Applied Science
  • Master of Arts in Teaching
  • Master of Banking and Finance Law
  • Master of Business Administration
  • Master of Communication
  • Master of Computer Science
  • Master of Engineering
  • Master of Finance
  • Master of Health Administration
  • Master of International Business
  • Master of Information Technology
  • Master of Philosophy
  • Master of Science in Engineering
  • Master of Science in Finance
  • Master of Science in Project Management
  • Master of Science in Social Work

Why Pursue a Master’s Degree?

Many individuals decide to go for a Master’s Degree for one of two reasons: to advance their career and to fulfill personal goals. These two reasons are not mutually exclusive, and in fact, most people who get their Master’s Degree do so in order to accomplish both.

Fulfilling personal dreams and achieving greater standing in a career are both legitimate reasons to get a Master’s Degree. It is also quite likely that personal dreams and career goals are wrapped up together and can both be furthered by the completion of a Master’s program.

Career Advancement Opportunities

A Master’s Degree will open up many doors in the world of work. Not only can a Master’s Degree make promotion in a current career more likely, but it can also make changing careers more feasible. If, for example, you have been working in the field of finance for some time but wish to pursue a career as a Chief Financial Officer with your current company or another firm, completing a Master’s Degree program can be a powerful tool in achieving your career advancement goals.

A Master’s Degree as a Prerequisite

There are more and more positions in the workforce that require a minimum of a Master’s Degree as a prerequisite for consideration. As the business world becomes more competitive, holding a Master’s Degree can be the leg up that candidates need to get a prized position with a good employer. The three most common degrees found in the corporate world are the Master of Business Administration (MBA), Master of Finance, and Master of Accountancy.

The MBA is perhaps the most versatile of Master’s Degrees in terms of transferable skills. It is a degree which carries significant weight in many different industries and sectors of the job market. Of course, the degree desired by an employer will vary from position to position and from industry to industry; however, an MBA is impressive to most employers, making it the number one choice of Master’s Degrees for those who work in the business world.

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