In today’s professional and economic climate, it is becoming more difficult to enter a profession without obtaining a higher education. In recent years there appears to be a significant amount of “degree Inflation”. The term degree inflation refers to the practice of requiring job candidates to possess a college diploma when the job type did not traditionally require a four year degree. And now jobs that once required a 4 year degree are now requiring a Master’s degree. The irony of the situation is that earning a master’s degree is a large financial investment in and of itself. Here are 5 common Master Degree programs.
Master of Business Administration
A master of business administration (MBA) prepares you to turn anything you enjoy into a lucrative business if you are adequately trained to properly open and maintain one. As this Rutgers University article explains, business is still primarily a brick-and-mortar-only industry, however higher education is not. For all of the master’s degrees listed in this article, online programs can be just as beneficial as traditional programs. Although most people seeking an MBA do so for monetary reasons Forbes recently published an article citing The 10 Most Under-Rated Reasons Why You Should Get An MBA and none of them are monetary. A CNBC article listed the following reasons for getting an MBA. 1) Hiring of MBA’s is up. 2) Even in the depths of a recession “A 2014 study that surveyed 21,000 business-school alums found that the majority of them would enroll in business schools if given the opportunity to do it all over again.” 3) Networking Opportunities. (So don’t just keep your nose in the books while you are there).
But the CNBC article also listed two “Cons” of getting an MBA. 1) Rising Costs- Top schools can cost $200,000 for the two year program. 2) Fewer CEO’s hold MBA’s so getting an MBA may not be the “route to the top”.
https://youtu.be/RWSiGEhsq_E?t=1s
Master of Psychology
A master of psychology is [Read more…] about 5 Common Master’s Degrees