Global unemployment figures have risen to unprecedented levels. The International Labor Organization (ILO) maintains that the job gap is as a result of the Covid-19 pandemic and most of the workers are now reevaluating their career choices. The financial damage wrought by the pandemic, among other fear factors, has made workers consider leaving their jobs to pursue and advance their careers, leveraging the skillset that talent brings from other industries.
Many students consider master’s degrees for greater employability and job prospects. Employers alike are increasingly aware of the value a master’s degree brings, and they are factoring this into their hiring decisions. It’s not enough to spend a year or two at the university pursuing your desired master’s program. You’ll be required to undertake the kinds of work and overcome challenges that aren’t required at the undergraduate level.
Benefits of a Master’s Degree
A master’s degree helps you earn specialized knowledge and advance your skills. By focusing on a particular field of study, you can become competitive in your field, build on your current abilities, or gain new skills.
Career advancement can make it easier to transition into senior positions at the workplace. Employers are continually raising their education requirements despite the shortage in manpower in the recent past. Many companies now prefer hiring candidates with advanced degrees citing the evolving skills for certain positions.
A master’s degree can increase your earning potential by 23%. The percentage is higher if you pursue career advancement in fields such as health, medical preparatory program, biology, and life sciences. Earning a master’s degree, therefore, can significantly boost your paycheck.
Earning a master’s degree can help you improve your learning, writing, researching, and analyzing skills. It also makes you a better problem solver and helps you gain the capability of tackling complex projects. A master’s degree prepares you for lifelong learning as you continue to expand your wealth of knowledge.
Whether you pursue your master’s degree online or in person, a master’s degree enhances your professional network through interactions with your classmates from different backgrounds and industries.
Most In-demand Master’s Degrees
1. Business Administration
A master’s degree in business administration is the most popular program and can be valuable to anyone in the business management field. You can consider pursuing the business administration master’s program if you work in business management areas such as marketing, accounting, finance, supply chain management, or sales.
The business management post-graduate program offers a broader education that covers subjects related to business. The program can help you apply what you learn in your career whether you work with a large organization or plan to start your own business. To gain admission to a graduate business school, you will be required to take a GMAT exam. Be sure to check out the GMAT test dates 2022 and prepare adequately for better GMAT exam results.
2. Healthcare Administration
If you plan to start a medical practice, you need a healthcare administration master’s degree. The program gives you the ability to direct operations of a healthcare facility and help you take charge of staff, budgets, services, the facility, and all aspects of the practice.
A master’s degree in engineering can help you gain in-depth knowledge and skills in engineering specialties such as mechanical, civil, chemical, computer science, and electrical engineering. The programs also expand the proficiency gained at the undergraduate level and equip you with the skillset to work and apply principles of math and science to develop solutions that solve technical problems.
Career opportunities that come with the program include IT manager, product engineer, project engineer, automation engineer, and technical consultant.
4. Computer and Information Sciences
A postgraduate degree in computer and information sciences equips you with technical skills and advanced knowledge in information technology and computers. The master’s program allows you to reach your goal of becoming a chief technology officer as it helps you learn how to evaluate and determine how new technologies can benefit your organization.
5. Nurse Anesthesia
A bachelor’s degree in nursing is not enough for you to become a nurse anesthetist. You must attain a master’s degree in nursing to work with surgeons and other healthcare staff in an operation and treatment room to provide anesthesia to patients during surgeries and other procedures. The program offers hands-on training on how to operate anesthesia equipment and clinical experience in an operating room.
Further Your Career with an Advanced Degree
According to the U.S Bureau of Labor Statistics, 2022 will see jobs requiring a master’s degree qualification rise. While earning a degree used to be enough for your career, today the job market is increasingly competitive and a master’s degree can set you apart from the rest of the workforce and remain a valuable employee.