3 Reasons Why A Master’s Degree Is Worth Your Time

By: Bailey Gerber & Jake Hreha

For some people, entering a master’s program is a no-brainer. Physician assistants, physical therapists, librarians, and several other career paths require a master’s degree to get a job. However, for many who have completed their bachelor’s degree, getting a master’s degree is a harder decision. How do you know what’s best for you? How do you know if only a bachelor's degree is enough for your career goals?

Whether you completed your bachelor’s degree 10 years ago or 10 months ago, there’s one question that never goes away: “Is a master’s degree really worth it?” Do I need a graduate degree to unlock doors and accomplish what I want.

There’s no “one-size-fits-all” decision for getting a master’s degree – but we definitely think the pros outweigh the cons. Here are just three reasons why:

1. You increase your earning potential.

While getting your master’s degree is an investment of time and money, research shows that it pays off. For example, a 2020 study found that people with master’s degree earned an average of $240 more per week than those with bachelor’s degrees. Additionally, master’s degrees in business, science, and technology fields can result in 70% higher earnings over the course of a career.

Master's degree programs offer professional and personal development as you pursue career advancement. After your undergraduate degree, you can learn additional professional skills, develop your critical thinking, improve your time management, and learn more specialized knowledge through advanced coursework. When you pursue a master's degree you unlock more career opportunities in this competitive job market.

Ultimately, pursuing more education can produce better financial outcomes in your future – so if you want to invest in your long-term success (and feel more secure about your retirement), a master’s degree is the perfect solution!

2. You broaden your job opportunities.

When you’re ready to take the next step in your career, you might find that you need a master’s degree to move forward. In recent years, almost 40% of employers have raised their educational requirements. Additionally, the Bureau of Labor Statistics reports that the number of occupations that require a master’s degree for entry will grow by almost 17% through 2026.

Earning a master’s degree can give you an advantage over your competition, and it can qualify you for higher-level positions in management and leadership. Employers want to see that you have both the credentials and the experience required for a position, so look for a master’s degree that combines course learning with practical experience.

3. You can get your degree affordably.

One of the biggest barriers to getting a master’s degree is the cost. After you complete a bachelor’s degree, you’re probably hesitant to spend more money on your education. However, it is possible to get your master’s degree affordably – and our programs at IWU prove it. We offer various types of grants and scholarships that minimize your expenses and enable you to get a high-quality degree for minimal cost.

Where can I pursue a graduate degree?

It's important to take your time when considering where to attend graduate school. Getting a masters degree is a big deal and you don't want to make this decision lightly. You must consider the master's degree program, the cost of an advanced degree, the location of your education, and more when you consider where to study.

Don’t settle for an expensive program that will cost you more money than you’re willing to pay. Reach out to us to see how we can make your master’s degree worth getting.

Bailey Gerber

Content Creator, IWU National and Global

Bailey Gerber is a vocabulary geek and grammar enthusiast at IWU – National and Global, so she spends most of her time reviewing webpages, video scripts, flyers, and – of course – blog articles. She loves all things involving words, and in her spare time you’ll find her buried in a book (probably with a cup of coffee in hand).

Jake Hreha

SEO Copywriter, IWU

Jake Hreha is a graduate of Ball State University, where he majored in advertising with a concentration in media presentation and design. He is passionate about design, and in his free time he enjoys cycling, traveling, and reading.