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Importance of a Masters Degree: How Will IT Help My Career?

A master's degree is often necessary to land certain jobs or for career advancement within some fields. Many careers that require master's degrees are typically found in sectors such as research and academia. Professionals with a master's degree often benefit from higher pay and increased job responsibilities.

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How Master's Degrees Are Important for Career Opportunities

What Can I Achieve with a Master's Degree?

A master's degree can open many career doors, including certain career fields, advancement opportunities and higher salaries. Careers that may require a master's degree include special education teacher or counselor, college professor, advanced practice nurse, school administrator, occupational therapist and speech-language pathologist.

Career Advancement Opportunities

The U.S. Bureau of Labor Statistics (BLS) also noted that careers that require a master's degree to enter the field are projected to see the most job growth from 2012-2022. Advancement opportunities can include moving into managerial or administrative positions and obtaining licensure and certification. For example, according to the BLS, school principals working in a public setting can be licensed as school administrators. Most states require a master's degree to obtain this designation.

Salary Information

According to U.S. News & World Report, workers with master's degrees generally earn higher salaries than workers with less education. The following is a sample of median salaries for careers that require a master's degree, as provided by the BLS in 2013:

  • Nurse Practitioner - $92,270
  • Education Administrator - $88,380
  • Occupational Therapist - $76,940
  • Physician Assistant - $92,970
  • Speech-Language Pathologist - $70,810
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