The Bureau of Labor Statistics (BLS) recently predicted that the demand for employees with graduate degrees is expected to grow over the next decade (GradEdge, 2012). According to the BLS, job growth in all occupations is anticipated to be about 14%; however, the job growth for candidates with Masters degrees is 22%.
Earning a Masters degree puts you in an elite group. According to the U.S. Census Bureau, only 7.2% of the population in the U.S. have earned a Masters degree (U.S. Census Bureau, 2009). They also tend to earn more in their wages. In all cases, each degree earned improved the income potential for the employee. Employees with advanced degrees earned 31% more on average than those with a Bachelors degree. My personal experience has been that each degree I’ve earned has opened new doors of opportunity for me, but it’s always nice to have the data to back it up.
So if you are looking to advance your career, earning a Masters degree is an excellent strategy. In addition to enhancing your career opportunities, earning an advanced degree is a way to help set you apart from the competition and it stays with you forever, even if you change employers. Education is something that once you’ve earned it, it cannot be taken from you!
GradEdge. (2012, March). Data sources: Strong employment growth expected for graduate degree recipients. Insights and Research on Graduate Education, 1(2). Retrieved April 11, 2012, from http://www.cgsnet.org/data-sources-strong-employment-growth-expected-graduate-degree-recipients-0
U.S. Census Bureau. (2012, February). Educational attainment in the United States: 2009. Retrieved April 11, 2012, from http://www.census.gov/prod/2012pubs/p20-566.pdf