Will An Advanced Degree Help My Career?

Are you considering going back to school for an advanced degree? If you are, there are many aspects to consider. Most importantly, decide on the advanced degree that best suits your desired career. Next, consider the logistics of applying for grad school, such as type of school, finances, full-time or part-time schooling, or distance learning. After carefully taking these things into account, you can make an educated decision on furthering your career with an advanced degree.


Types Of Advanced Degrees

When considering an advanced degree, first decide if you are earning a degree to further your existing career or if you are considering a career change. This will influence your decision since some master degrees require an existing bachelor’s degree in a similar field. Remember, there are many types of advanced degrees. A few include: Master of Business Administration (MBA), Master of Engineering, and Master of Laws (LLM). A Master of Business Administration may be a good fit if you are considering a career change since it does not require an undergraduate degree in the same field. Sites like GradView.com have information on expectations for a MBA. The types of careers that typically require an MBA are: Advancement in the Finance, Banking and Consultancy industries, Leadership Positions and Entrepreneurship. Another master’s program to consider is a Master of Engineering. According to GradView, a degree in engineering is listed in the top ten bachelor’s degrees desired by employers and a master’s degree is listed in the top five. If you already have a bachelor’s in engineering, going for your master’s degree would most likely be beneficial for your career. A graduate degree hasn’t always been necessary for engineers, but over time it has become more important and the industries view of the degree has changed. An advanced degree in engineering will give you a more technical background and give you the qualifications that will open doors for your career. The types of careers that typically require a Master of Engineering degree include: Software Engineer, Structural Engineer and Civil Engineer. A Master of Laws (LLM) is another master’s option to consider. According to LLM info, a LLM focuses on becoming an expert in a specific aspect of law. A few areas of expertise that might be studied in a LLM would be taxation, bankruptcy, international law, financial services, and environmental law. On average, it takes one year of full-time schooling to earn your LLM, or 2-4 years of part-time schooling. In most cases, you must already have a degree in law before you can earn an LLM. A LLM would advance a lawyer’s career in the area of expertise studied. The types of careers that typically require an LLM include: A specialization in tax or a foreign trained attorney looking to expand their experience to include the US.

What To Consider Before Applying To Graduate School

When applying to graduate school, keep a few things in mind:
  1. Figure out your ideal job title after you earn a degree. Monster.com. gives the following advice: “Be sure of the jobs your graduate degree will qualify you for, and how many graduates of the programs you're considering actually land those jobs. Also find out about those graduates' salary levels.”
  2. Once you have settled on a master’s degree to earn, decide on a school that offers a graduate program in your desired field.
  3. After you have decided on a program, you’ll need to find a way to finance your education. There are several options: Out-of-Pocket, Loans, Scholarships and Fellowships.
  4. Next, decide on the timing of the program. Will you quit your job and attend school full-time in order to earn your degree faster? Or will you keep your job and attend school part-time, although it may take more years to complete your master’s degree?
If traditional schooling does not fit your career or lifestyle, consider attending an online school. TheBestSchools.org allows you to search for a prestigious online school that has a program in your chosen field. There are many benefits to attending an online school. First, it gives you the opportunity to continue working as you earn your degree. This will save you from needing to change your current lifestyle. Regardless of the reason, attending an online school to earn an advanced degree could be a viable option for you.

Conclusion

Depending on your career choice, an advanced degree could allow more career opportunities than an undergraduate degree alone. There are many advanced degrees to choose from, some of which can be earned without an undergraduate degree in the same field, allowing for a career change. Overall, an advanced degree could be the perfect way to advance your career.
This article was written by Social Media Outreach Coordinator Chelsea Wilson on behalf of CAREEREALISM-Approved Partner, 2U — an education technology company that partners with institutions of higher education such as Washington University in St. Louis which provides a Distance Learning LL.M. Degree.
Photo Credit: Shutterstock

In our new YouTube series, "Well This Happened" it's your turn to be the career coach! What would you do if you asked a coworker when the baby was due and she responded with, "I'm not pregnant." Watch the video and cast your vote b posting a comment on Youtube. We'll select one person from the correct answers at random to win free membership to the Work It Daily program. Good luck!

SHOW MORE Show less

If you've ever wondered what a Work It Daily (WID) membership could do for you, a letter we got this week provides a powerful example...

SHOW MORE Show less

There are 3 things hiring managers are trying to initially assess about you in the job interview. This video walks you through what they are looking for and offers insights into the right information to give them. Be sure to check out our free resources mentioned in the video too. They are:

SHOW MORE Show less

Last week during my Office Hours on Youtube, a client asked about how to deal with a workplace bully. After spending many years in corporate HR, I flipped to the other side and became a career therapist. So, I've seen both sides of this situation in the workplace. In this video, I discuss why people struggle to deal with bullies and what you can do to change the situation instantly.

This week, I did something that truly scared me. I sent an email to over 120,000 Work It Daily newsletter subscribers and asked them to answer the question, "What do we do?"

SHOW MORE Show less

A market correction is going to happen. When it does, layoffs will follow. I've been in the HR and recruiting industry for over two decades and have seen three recessions of varying sizes. In the video above, I explain how to tell when a recession is coming and what that means to you and your career. While many people will skip watching this. Or, will watch it and do nothing. I hope YOU are the smart, savvy professional who sees how important it is to prepare for unexpected, unwelcomed career circumstances.

SHOW MORE Show less

In this video, you'll learn how to tell if your career is plateauing due to the Executive Blues. You'll also learn what you can do to fix the problem and get your "executive energy" back so you can keep your career on track and set goals to reach new heights of success!

Want to watch the full video tutorial by J.T.?

CLICK HERE to get access!