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Master Degrees

In a recession, or economic downturn, what can you do if you are without a job?

Since more and more people have bachelor degree, is it worth to get a master’s degree? We know for sure getting a master’s degree requires a considerable investment of time (i.e. at least one year), effort (may be full or part time), and money. The answer really depends on the job you want. Research conducted by the U.S. Bureau of Labor Statistics identifies fields in which employees with a master’s degree earn a considerable earning premium over those with bachelor’s degrees. More information about college or universities can be found at IQx.com, in addition you may check the forum and heated debate at the IQx Forum

Here’s a look at four jobs with high-earnings premiums:

1. Financial analyst: 47 percent earning more for master’s over bachelor’s.

With wall-street laying-off thousand people, the un-employment pool has a lot of people with bachelor’s degree. Financial analysts with master’s degrees are valued at a premium. A lot of companies are willing and able to pay a premium for intelligence, the ability for in-depth research, and detailed thorough analysis. While a bachelor’s in finance will provide a basis foundation, a master’s in finance will allow a worker to really dive into a specific financial specialty making it exceptionally valuable. Having a master’s in a financial role also provides you with credibility and pedigree.

2. Tax preparer: 43 percent earning premium for master’s over bachelor’s degree.

Master’s degrees are generally more valuable for professionals who work with clients with complex tax issues, such as big corporations. Tax preparers with a bachelor’s degree and/or CPA designation can usually handle run-of-the-mill tax issues. Bachelor’s degree is sufficient if it is just for an individual or the local small accounting firm, however a big firm who sells their reputation does need the added degree.

3. Financial manager: 42 percent earning premium for master’s over bachelor’s.

With banks closing and financial firm layoff, more and more people are looking for a job. How do you stand out among all the unemployed? The duties of financial managers vary based on the specific roles they play at their firms, which can include overseeing the preparation of financial reports, directing investment activities, and implementing cash management strategies.

4. Education administrator: 41 percent earning premium for master’s over bachelor’s.

K-12 administration and teachers are paid strictly on a pay scale. In nearly all states, it is required that administrators hold at least a master’s degree and certification, and earnings are based on years of experience and degree level. The higher one’s degree level and experience, the higher the salary.

Sunday, March 22nd, 2009, by Gem and is filed under "Graduate, college, degree, earning, forum, iqx, jobs, master, university ". Both comments and pings are currently closed.