Many engineering students get stuck in a rut when they think of pursuing a master’s.
Is it necessary?
Will it be worth the extra time and money I spend?
We have good news for you!
Getting a master’s in engineering is going to give you more knowledge about your specialization. Which is exactly what employers look for before selecting employees for promotion. It will also be handy in the future when applying for top management positions.
Let us take a look at some other benefits of a master’s degree in engineering!
1. Provides Advanced Skills In Your Specialization
A master’s degree in engineering enables you to develop more advanced skills and knowledge in your specialization.
If you want to be a mechanical engineer, getting a master’s will teach you everything you need to know about the field. A bachelor’s can only cover a limited percentage of its scope.
You will also learn in detail about the latest technological developments in your field including the software and equipment. The opportunities for in-depth research are also enhanced with a master’s degree.
2. Gives You More Job Opportunities
A master’s degree will open way more doors than a bachelor’s does.
Recruiters are always on the lookout for people who have specialized knowledge and a versatile skill set.
The engineering field is highly saturated and a master’s degree will help you stand out from the crowd.
It will also enable you to transition to a different field. If you did your bachelor’s in mechanical engineering but want to pursue software engineering, a master’s will help you with this career transition.
3. Higher Income
Higher positions and better jobs mean higher incomes.
You won’t be stuck with a measly fresher salary which can only cover so much.
If you want a higher salary, you should seriously consider getting a master’s. People with bachelor’s degrees can earn high incomes as well but the majority of them take several years to get there.
According to statistics, the median annual salary for a bachelor’s degree is about $70,000 while a master’s degree gets about $1,00,000.
The extra dollars can be useful for several things like saving up for retirement or investing in another business.
You don’t have to do your master’s at a physical institution. There are plenty of institutions that offer them online at affordable prices.
This can be a suitable option for working professionals or for people who want extra flexibility.
You will have to submit a lot of papers for your master’s degree so make sure you make time for that. If you need help, hire or have someone to write a paper for you every now and then.
4. Increased Job Security
Job security is crucial, especially in this day and age.
People who hold a master’s degree have 15% more chance of being employed compared to people who hold only a bachelor’s.
It will help you keep your skills fresh and up-to-date which is what companies are after.
There is increased security in management positions and these are more accessible to master’s students.
Recruiters also hold the impression that people who get a master’s degree are more likely to stay in their firm long-term.
5. More Connections
A Master’s program gives you the opportunity to interact more with your batch mates and professors.
Interactions with professors outside the classroom will enable you to learn more things – things they don’t say in class. They also have contacts so if they find you suitable for a role, you might get recommended for a good position.
Even your fellow graduate students can refer you for some good jobs.
The decision to pursue a master’s is not a small one, so make sure you take enough time to think it over.
Perform thorough research about the best institutions and look at all the possible career paths you can take after graduation.