2008 Woodie Awards
Studies Prove Master's Degree Is Worth Investment
Dan Racciopo
Issue date: 5/15/05 Section: News
- Page 1 of 1
At one time, a Master's Degree was something that was once considered a commodity, but has rapidly become more and more of a necessity, almost to the point of being mandatory, if you want to succeed in today's world.
As Dr. Bill Prattella, Division Chairman of Education, said, "In recent years, many experts in the field of education have commented that a Bachelor's Degree is the initial step in the ladder of success." If the "initial step" as Pratella said, is to get a Bachelor's Degree, the next step would the next step would be to further one's education and pursue an advanced degree.
"We live in a highly competitive world which requires individuals to be as educated as possible in order to maintain their status. A Master's Degree is one of the keys to success that students find helps them jump into the next level of their present job or switch careers entirely," said Ed.D. Patricia Chute, Chairperson of Health Professions.
Dr. Thomas Milton, Division Chairperson of Business and Accounting, stated, "It is very important to get a Master's Degree because of the added value it will give a person in the job market...They are also less likely to be unemployed in a bad job market."
"The trend to acquire graduate degrees has increased. I do expect it to
grow," says Dr. Nagaraj Rao, Divisional Chairperson of Mathematics and Computer Information Science.
It is a trend that throughout history, the economy has had its ups and downs. When the economy is struggling, a job seeker should want to be as well equipped as he possibly can be.
"More students are returning for degrees as the present climate in the employment domain changes," says Chute. According to Milton, "Recent data show that people with Master's Degrees earn about 16 percent more than people who have only Bachelor's Degrees."
According to an article "Those Who Learn Earn More" by Claire Chandler in the Alaska Journal of Commerce in 2004, she stated that the U.S. Labor Department reported that full time wages are higher for those with an enhanced education.
Mercy College offers Master's Degree programs in seven fields: the division of business and accounting, the division of mathematics and computer information systems, the division of health professions, the division of education, the division of literature, language and communications and division of social and behavioral sciences.
The average cost of a graduate credit is more expensive than an undergraduate, averaging at about it is $540 per (with exceptions) at Mercy College. Master's Degrees require between 30 to 36 earned credits.
As Dr. Bill Prattella, Division Chairman of Education, said, "In recent years, many experts in the field of education have commented that a Bachelor's Degree is the initial step in the ladder of success." If the "initial step" as Pratella said, is to get a Bachelor's Degree, the next step would the next step would be to further one's education and pursue an advanced degree.
"We live in a highly competitive world which requires individuals to be as educated as possible in order to maintain their status. A Master's Degree is one of the keys to success that students find helps them jump into the next level of their present job or switch careers entirely," said Ed.D. Patricia Chute, Chairperson of Health Professions.
Dr. Thomas Milton, Division Chairperson of Business and Accounting, stated, "It is very important to get a Master's Degree because of the added value it will give a person in the job market...They are also less likely to be unemployed in a bad job market."
"The trend to acquire graduate degrees has increased. I do expect it to
grow," says Dr. Nagaraj Rao, Divisional Chairperson of Mathematics and Computer Information Science.
It is a trend that throughout history, the economy has had its ups and downs. When the economy is struggling, a job seeker should want to be as well equipped as he possibly can be.
"More students are returning for degrees as the present climate in the employment domain changes," says Chute. According to Milton, "Recent data show that people with Master's Degrees earn about 16 percent more than people who have only Bachelor's Degrees."
According to an article "Those Who Learn Earn More" by Claire Chandler in the Alaska Journal of Commerce in 2004, she stated that the U.S. Labor Department reported that full time wages are higher for those with an enhanced education.
Mercy College offers Master's Degree programs in seven fields: the division of business and accounting, the division of mathematics and computer information systems, the division of health professions, the division of education, the division of literature, language and communications and division of social and behavioral sciences.
The average cost of a graduate credit is more expensive than an undergraduate, averaging at about it is $540 per (with exceptions) at Mercy College. Master's Degrees require between 30 to 36 earned credits.