Is a Master's Degree Worth It? 5 Ways to Measure the ROI of a Grad Degree

Topics: Financial Aid Tips, Application & Admissions Tips Advice

Published on: 3/6/19 6:49 AM

Is a Master's Degree Worth It? 5 Ways to Measure the ROI of a Grad Degree

Going back to school and earning a graduate degree is an investment — plain and simple.

In today’s unpredictable and dynamic job market, deciding whether to pursue a graduate degree is understandably a difficult one. You want to be certain that the time and money you’ll put into obtaining your degree will actually be worth it in the long run.

Fortunately for you, during this time of decision-making, there’s ample evidence to suggest that going to graduate school is a smart investment for your professional and personal future.

Interested in learning how to offset the cost of graduate school? get our financial aid guide for graduate students.

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Pursuing a graduate degree allows you to learn more in-depth about a field you’re interested in, meaning that you will be well-equipped to land your dream job after you graduate. For example, a doctorate in physical therapy can enable you to open your own practice, and a master’s in business and organizational leadership will help you to become the workplace leader you’ve always known you were capable of being.

Studying a field that is meaningful to you in order to pursue an interesting and dynamic career is incredibly rewarding. It’s worth noting that being passionate about your job can also lead to increased professional success.

2. INcreased Promotion Qualifications:

Since having a bachelor’s degree is now the accepted standard for almost all jobs, having a graduate degree on your resume will give you the much-needed competitive edge needed to beat out the competition.

According to Forbes, graduate degrees have gained increased significance in recent years.

3. High Salary Probability:

When thinking about returning to school to get a graduate degree, money is always one of the most significant factors. Financially, pursuing a graduate degree is a smart decision. On average, holders of an advanced degree earn almost $200 more a week than those who have only an undergraduate degree.

4. career flexibility:

In addition to making you a top contender for many coveted positions, obtaining a grad degree can also strengthen your knowledge and diversify your skills, thereby enabling you to take your career in a new and exciting direction.

If you’re an experienced teacher who wants to move into a management role as a principal or superintendent, a graduate degree in education can give you the background knowledge you need in order to make that transition.

5. Learning Valuable Career Skills:

In today’s economy, employees who possess specialized skills and knowledge have a definite advantage in the job market. Although a master’s in accounting is fairly common, the emphasis on forensics and fraud detection that Neumann University offers will teach you specific skills that are more difficult for employers to come by.

If you have any questions about which graduate degree might be a good fit for you, contact us at Neumann University. We’d love to help you plan your future career!

Explore our resource on financing a graduate degree.

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Bettsy McKlaine

 Bettsy McKlaine

About The Author: Bettsy McKlaine is the Executive Director of Enrollment Management, Degree Completion & Graduate Programs at Neumann University and a proud Alumna. The Neumann Community has become her second family and she loves to interact with students, both from the undergraduate and graduate population. Her favorite time of year is at the start of each semester as students begin classes!


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