Masters or PhD degree

Masters or PhD which degree is best for job Market in USA

Education

Master’s Programme

A Master’s degree is a prestigious degree and the one to earn the degree is sure to land a starting job with a six-figure salary. The good thing about a master’s is that it does not limit the students to opt for a job only. The graduates of Master’s in Business Administration are trained in entrepreneurship and they are fully capable of starting their businesses.

Along with entrepreneurial training, the students of masters are also provided other vigorous teachings and at last, are asked to demonstrate their dexterity and understand what they have acquired during the course through a dissertation which is called a masters Dissertation or Thesis Report.

Master’s degrees are used by the students to showcase their unique qualifications and understanding of business management and to allow the reader to grasp their commitment to the field.  This is usually done by taking the master thesis services or any other means that a student likes.

In addition to it, the dissertation is also an incredible opportunity to discuss appropriate experiences, people, and events that motivated the student’s decision to opt for the field. (Abraham, n.d.)

Now often it happens that due to excessive academic load on the students, they take master’s thesis help to fulfill their obligation of the thesis report. While that is a good option to avail in the time of crisis, in the long run, it has its repercussions. To avoid that, students are advised to write the dissertations on their own.

However, to have a master’s degree is not as simple as it seems there is a standard structure that has to be followed in order to have a degree. For example; (Encore-consortium.org, n.d.) 

Steps of Master’s degree

Under-graduation

First, a student must get a bachelor’s degree with good rates because it is during the bachelor’s degree that a student finds their potential and interest in a particular field which they can later use as a field Master’s.

Internship

It is mandatory for the students that either after the completion of their bachelor’s degree or during that, they undergo an internship program in the field of their interest to get the hands-on experience that would be beneficial for them in their later career life.

Internships are usually a pathway in the professional world and most of the time the candidates of internships end up having permanent full-time employment in the same organization.

For such reasons internships are now made mandatory by most universities these days.

Aptitude test

Once the candidate is done with the other pre-requisites then they have to appear for an acumen test as the name suggests the aptitude test is taken to gauge the understanding level of the candidate who is about to enroll in a master’s program.

PhD Programme 

The PhD programme is no different from a master’s programme. Both have such intensity in them that makes and shapes a student well. Both programmes have a few pre-requisites that must be completed before enrolling in the programme.

As above we discussed the prior requirements of a master’s degree, following are the requirements for a PhD;

PhD degree

Usually for a PhD degree, one must have finished their Master’s, however, there are some exceptions that sometimes allow the candidate to transition into a PhD program.

For example, some courses with an Honor’s year will give the student the option of skipping the master’s and getting a simple and straight route to the PhD programme. Some universities also offer programmes with 1+3 year courses, which means that the candidate will automatically continue to pursue a PhD once they have graduated with their Master’s. 

Prior dissertation writing experience 

Although there is PhD Thesis help online available for the student’s ease it is suggested by the seniors that a student of PhD must have some prior experience in composing, editing, and proofreading reports because there is a dozen of reports that they have to write during the entire course.

Industry experience 

Since a PhD involves research of the ongoing problems in the market, a candidate must have knowledge and experience of the current affairs in the market so that it is easier for them to learn the gaps in the market and find the appropriate solution to fill those gaps. 

Salary range of Master’s and PhD

Following is a brief range of salary range for both masters and PhD degrees that would give an idea to the candidates about what to expect once they have their degrees in their hands.

    Profession                                                                                      Master’s                              PhD

Aerospace/Defense $70,000 $87,500
Consulting/Prof. Services $65,121 $77,415
Energy $65,074 $70,761
Financial Services/Banking $62,937 $73,002
FMCG $45,286 $52,710
Manufacture/Automotive $60,716 $70,466
Media/Entertainment $46,927 $63,745
Pharma/Healthcare $71,287 $72,346
Public Sector/Non-profit $60,478 $73,188
Retail $53,541 $72,388
Telecoms/High Tech. $72,500 $75,000
Transportation $50,967 $53,933

Outcomes of Master’s and PhD Degree

Skillset

While a master’s degree focuses on the highly expert command of industry-specific skills, working to build critical-thinking and problem-solving skills. Contrary to it, doctorate degrees are a little bit opposite of that. They mostly focus on research, analysis, and writing for developing moveable skills that can be used to fill gaps in industry knowledge.

Career prospects

Career advancement is the only primary goal for people who are enrolling themselves in master’s and doctorate degrees. Master’s degrees are seen as more career-oriented degrees because they prepare the candidate for management and leadership positions.

Whereas, doctorate degrees are more of a for top executive positions, as well as opportunities to transition your career into academia or as a professor.

Income

As we saw above that both master’s degrees and doctorate degrees have a significant chance to increase the salary expectations and offer a lifetime earning potential.

However, the question is which is worth more? According to many, a master’s degree has more power to boost a person’s earnings by 20% when compared to a bachelor’s degree, while a doctorate degree can bring in a salary 30% higher than a bachelor’s degree.

These statistics can be taken into account to understand the difference between both the degrees and also the preferability levels of both.