Is it Worth the Cost to Get a Master’s Degree?

With the sluggish economy of the last several years, many professionals have used this time as an opportunity to go back to school for an advanced degree.  However you may be wondering if the cost of earning that degree is really worth it. 

Today there are many entry level jobs that require at least a master’s degree.   Furthermore, many accredited colleges and universities have made it easier than ever to go back to school without the need to quit your job by offering part-time, accelerated and online master degree programs.    

A master’s degree sets you apart from other job applicants and can increase your marketability.  According to a quote from the lead economist of Payscale, Katie Bardaro, in an article from Forbes, she states, “Evaluating the benefits of a master’s degree is not just about the potential for higher pay, but also about the opportunities it will bring, the skills and knowledge it can provide, and overall satisfaction.” 

An April, 2014 article from Peterson’s online site says that, “Over the course of a lifetime, a person with a master's degree typically earns $400,000 more than someone who only holds a bachelor's degree, according to the U.S. Census Bureau, and Ph.D. holders are in a position to command even higher earnings.”  They still recommend carefully weighing the costs against the potential benefits and determining the value to you and your family. 

At Governors State University we offer a broad range of master degree programs.  In our College of Arts and Sciences alone, we have ten exceptional master’s programs.  Please see our website for all of the details and requirements for each program. 

Source:

forbes.com/sites/jacquelynsmith/2012/06/08/the-best-and-worst-masters-degrees-for-jobs-2/2/

petersons.com/graduate-schools/cost-graduate-degree-worth.aspx

In every college we have outstanding programs and world-class professors; all focused on delivering academic excellence in a small-class setting.  Academic excellence and innovation are natural partners. At Governors State University you’ll find an abundance of both.  We look forward to helping you achieve your educational and career goals.