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Does a Master's Degree actually open more job fields and bigger pay opportunities?

I have a bachelors degree and currently am pursuing a Masters, but I was wondering if it was worth all the money and time? Will more job opportunities be available? Will pay be higher? #isitworthit #college-advice #financial-planning #masters-degree

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Jonathan’s Answer

I think it really depends on the type of Master's you get and how you leverage it to advance your career. I wouldn't say - at least in the finance/accounting field - that a Master's degree will put you on the same level as someone with 5-10 years of experience, but it typically will earn you a slightly higher starting salary. Further, there are definitely jobs for which a Master's is required just get your foot in the door. Again, everything really depends on the Master's and industry you pursue, but I'd encourage you - in order to gain the most out of your Master's and get the best return on investment - to go into grad school with a clear idea of what you want to get out of it.
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Greg’s Answer

In my experience, people with a master's degree seem to start at the same level as those with 5-10 years of work experience. This level of degree is also highly sought after by recruiters in my field.
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Rich’s Answer

Yes it does. At some point in your career your advancement will slow or stop or you won't be a candidate for some advanced positions. I got a BS in Electrical Engineering, then worked for a company who paid for my Masters in Systems Engineering. Having that second degree opened many doors which I would have access to with out. Many peers chose the mgt route - and got MBAs. The combination of work experience and a Masters will help you advance in position and salary.
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