How to Make the Most of a Master's Degree
Choose the right program and time it right to increase the value of your investment.
I work for a university that confers advanced degrees, so you might expect me to wholeheartedly endorse the idea of earning a master’s degree. But I also study the job market, hiring trends and corporate cultures, and I speak to many corporate recruiters and hiring managers.
The bottom line is this: A master’s degree can be a great investment in your professional future, but the situation needs to be right. Your degree is going to be much more valuable if it’s timed to support your career progression and is clearly aligned with career goals. Here’s a list of questions I encourage students to ask themselves to make sure they get the most out of their advanced degree.
Advanced education is necessary to land some jobs — like marriage therapist and school administrator. If you’re not sure if the work you’d like to do requires a master’s, use LinkedIn to check out the profiles of individuals working in jobs similar to the ones that interest you: A second degree may be mandatory, preferred or widely held among the leaders in the field. In some cases, the expectation may be geography-based. In Austin, for instance, the percentage of the workforce with advanced degrees is significantly higher than the average, so there’s more of an expectation for advanced degrees.
A bachelor’s degree is the minimum requirement for many entry-level jobs. Companies may view candidates who are seeking entry-level jobs with master’s degrees as overqualified — and be wary of hiring them only to see them move on after gaining initial experience. In these cases, it may make sense to wait a few years before going back to school. It’s also worth considering that some corporate or industry cultures value advanced education more than others. You’ll be more likely to land an interview if your future boss knows firsthand the value of a master’s.
Even employers who value advanced education will be looking for relevant work experience. In evaluating master’s programs, consider ones that have internships, consulting opportunities and immersion programs. If classes call for independent study, develop projects that get you into the field. The more you can demonstrate that you’ve gained experience directly applicable to the job you want to land — as well as the wider grasp of the field that a master’s demonstrates — so much the better.
Increasingly, employers who want their staff to have master’s degrees are willing to foot all or some of the cost of getting such education. It’s worth asking what your current employer can contribute — or seeking a job at a company or nonprofit that offers tuition-reimbursement benefits. If you can get the degree for free (or at a reduced cost), the investment of an advanced degree becomes even more valuable to you.
St. Edward’s University in Austin, Texas, has a graduate program that will help you reach your professional and personal goals, whether you’re looking to move up in your current job, open the door to a new career or pursue a lifelong passion. Our one daytime and six evening programs will give you the skills and tools to excel in your chosen career.
Ray Rogers is the director of Career and Professional Development at St. Edward’s University in Austin, Texas.