{"id":5061,"date":"2018-10-19T15:02:59","date_gmt":"2018-10-19T19:02:59","guid":{"rendered":"https:\/\/www.goodwin.edu\/enews\/?p=5061"},"modified":"2025-01-06T12:10:50","modified_gmt":"2025-01-06T17:10:50","slug":"why-get-a-masters-degree","status":"publish","type":"post","link":"https:\/\/www.goodwin.edu\/enews\/why-get-a-masters-degree\/","title":{"rendered":"Why Get a Master\u2019s Degree Today?"},"content":{"rendered":"<p>No one can tell you exactly how a master\u2019s degree might affect\u00a0your future. Everyone\u2019s educational and career paths are unique. However, what we can tell you, is just how graduates with a master\u2019s degree are faring today. Below, Goodwin College assesses recent statistics, to better understand the impact of a master\u2019s degree on this millennium&#8217;s up-and-coming leaders. We\u2019ll outline the personal, professional, and financial outcomes, topping off the reasons why you might consider getting a master\u2019s degree.<\/p>\n<p>There is a great deal of well-supported research suggesting that an advanced education, such as a master\u2019s degree, is a smart move for today\u2019s professional world. A Forbes report titled\u00a0<a href=\"https:\/\/www.forbes.com\/sites\/realspin\/2014\/04\/04\/in-defense-of-the-masters-degree\/#4988fbe6492e\">\u201cIn Defense of the Master\u2019s Degree,\u201d<\/a>\u00a0cites that the three major positive outcomes of earning a master\u2019s degree are:<\/p>\n<p>Substantial salary premiums<\/p>\n<ul>\n<li>Substantial salary premiums<\/li>\n<li>Economic opportunities<\/li>\n<li>Societal benefits<\/li>\n<\/ul>\n<p>Why are master\u2019s degree holders high-achieving in these areas? Well, those with a master\u2019s degree possess more cultivated and coveted problem-solving, critical thinking, and technical skills, than those with less education. In fact, according to the leading job market information system firms, over 20 percent of open positions in the U.S. today either\u00a0prefer or require\u00a0graduate-level training.<\/p>\n<p>However, you may be surprised to hear that only about 11 percent of Americans today have an advanced degree beyond the Bachelor\u2019s. By these measures, with a master\u2019s degree today, you could put yourself in approximately <strong>the top tenth percentile<\/strong> for some of the most competitive (and lucrative) open positions available. Job hunting (and winning!) is simply easier when you meet, and even exceed, the qualifications.<\/p>\n<p>Now, let\u2019s talk dollars and cents. The\u00a0<a href=\"http:\/\/assets.pewresearch.org\/wp-content\/uploads\/sites\/12\/2014\/02\/FT_14.02.26_collegeEarnings.png\">Pew Research<\/a>\u00a0center\u2019s latest and most comprehensive findings, collected in 2009 (and adjusted for 2012 dollars), showed that there is a noteworthy discrepancy among average earnings of individuals with different educational accomplishments. Among 25- to 34- year-olds, those with a bachelor\u2019s degree earned an average of $3,836 monthly. In contrast, a master\u2019s degree pushed those earnings to <strong>$4,772 per month<\/strong>. A professional or doctorate degree granted individuals $5,799 monthly. From this study, we can safely say that earning advanced educational degrees inarguably increases financial earnings.<\/p>\n<p>One further way to break down the cold-hard-cash consideration of earning a master\u2019s degree is to think about lifetime earnings.\u00a0<a href=\"https:\/\/trends.collegeboard.org\/education-pays\/figures-tables\/lifetime-earnings-education-level\">Collegeboard.org<\/a>, a resource for college information seekers, compiled statistics drawn from the U.S. Census Bureau in 2009. These findings show that the proportion of adults with fulltime employment increases with educational level, and that higher education levels are closely linked to higher earnings.<\/p>\n<p>We might have proven that a master\u2019s degree in general can greatly increase your earning potential and job opportunities, but which specific degrees are seeing the best results? Highly skilled pursuits such as computer science, health sciences, and engineering, are continuously growing master\u2019s degree fields. Additionally, specific and technical degrees in management are becoming increasingly popular, such as studying finance or supply chain management. Given this trend, if business management is your passion, we would suggest looking into a highly-valued master\u2019s program in\u00a0Organizational Leadership (<a href=\"https:\/\/www.goodwin.edu\/majors\/msol\/\">MSOL<\/a>).<\/p>\n<p>As noted in an article from <em>Forbes<\/em>\u00a0magazine, \u201cAccording to 2013 data from the U.S. Department of Labor, the unemployment rate for individuals holding a master\u2019s degree was only 3.4% in 2013, compared to 6.1% for all workers. Given the knowledge orientation and complex, global nature of today\u2019s economy, employers very often demand a master\u2019s degree for many of their fastest growing professional and leadership roles.\u201d<\/p>\n<p>Leaders transform workplaces. A Master\u2019s program in Organizational Leadership equips students to do the same \u2013 to be a change agent in their organization or business. This is why employers place such high value on an MSOL degree. The best part is, you can do this without putting your life on hold. A master\u2019s degree does not need to take years of schooling and expenses to complete.<\/p>\n<p>At Goodwin College, the\u00a0<a href=\"https:\/\/www.goodwin.edu\/majors\/msol\/flexibility\">flexibility<\/a>\u00a0of the MSOL program is hard to parallel, at an affordable and fair\u00a0<a href=\"https:\/\/www.goodwin.edu\/landingpages\/msol\">tuition rate<\/a>. In as few as 20 months part-time, you can complete your MSOL and try out the positive benefits of a master\u2019s degree for yourself. And, you will know the entire cost of your master\u2019s degree even before starting courses. As an aspiring professional, this transparency enables you to understand the investment, compared with the expected return, on your master\u2019s education.<\/p>\n<p>Let us put statistics, costs, and percentages aside for a moment. Along with top researchers, <em>Forbes<\/em> also extends the notion that higher education levels lead to greater personal well-being, health and longevity, civic engagement, and regional economic prosperity. Our easy translation: pursuing the subjects that you enjoy at an advanced academic level can, in turn, help you be the best version of yourself. On an expanded scale, advanced studies help you contribute to your community and to the general economy, adding richness and greater good to your local and regional surroundings.<\/p>\n<p><strong><em>For more information about why earning a master\u2019s degree in Connecticut at Goodwin College could be the right choice for you, contact\u00a0call us at 800-889-3282. You may also <a href=\"https:\/\/www.goodwin.edu\/landingpages\/msol\">visit us online<\/a> to request more information.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>No one can tell you exactly how a master\u2019s degree might affect\u00a0your future. Everyone\u2019s educational and career paths are unique. However, what we can tell you, is just how graduates with a master\u2019s degree are faring today. Below, Goodwin College &hellip; <a href=\"https:\/\/www.goodwin.edu\/enews\/why-get-a-masters-degree\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Why Get a Master\u2019s Degree Today?<\/span><\/a><\/p>\n","protected":false},"author":36,"featured_media":5062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1079],"tags":[393,449,454,536],"class_list":{"0":"post-5061","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-academics","8":"tag-leadership","9":"tag-masters-degree","10":"tag-masters-in-organizational-leadership","11":"tag-organizational-leadership","13":"fallback-thumbnail"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Get a Master\u2019s Degree? | Goodwin College<\/title>\n<meta name=\"description\" content=\"Is getting a master\u2019s degree worth it today? 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