Master's Degrees Are The New Bachelor's Degrees?! What Does It Mean?

we get a lot of questions about a higher higher education so the graduate degrees phd's and things like that so we're gonna take a look at some of the trends historically about how in the u.s. we approach master's degrees and higher education so first of all we've got this chart showing the growth of master's degrees over all from 1970 until just a couple of years ago now obviously there has been some population growth in that time that is a big rise and the the quote that everyone's throwing around is that master's degrees are now as common as bachelor bachelor degrees were back at the beginning of that chart which that's interesting it's fascinating positive in some ways I'm sure yeah I think we have p.m. more educated people in this country I mean especially when you compare us to other countries where education is much more important and you know people instead of doing like you know 12 years of catering what we call K through 12th they have an equivalent of like 14 years when you add up all the hours so it's nice to see that we're focusing on education a little bit more in that sense my question though is how many of these master degrees are actually on par with the master degrees that people were getting into 60s because oh really yeah because we have a lot of like online university starting to say but that don't have the same academic rigor that some of the universities did in like the 1960s so I think there's also the question of quality and like level of involvement and engagement that universities require now versus then yeah no that's a great point I hadn't even thought about that yeah I guess the person who's going to some online university to get like a a doctorate of weil studies so they could do studies for Exxon Mobil or something like that it's not the same as someone who you know got an education degree back in the sixties uh and certainly like that the growth in this is not just that people are so much more intellectually curious as they used to be I mean there's economic pressures like when the economy's bad as it has been a various points over the past thirty years people don't want to go out into the workforce and they want to put it off by going to graduate school that's what I did that's what most of my friends in graduate school did worked out well for us um but but I do like it though because uh K through 12 high score including high school and also undergrad you're mostly learning there you're not principally concerned with sort of increasing the sum total of human knowledge that's what you get out of going to graduate school PhD you're actually creating stuff for other able to learn and I like new information new knowledge so I want as much of that as possible so I guess to that degree good job America let's pick up this next chart the earnings bump that you receive based on getting a graduate degree over the similar bachelor's degree you can see in all those cases it's pretty significant I mean in the case of like the engineering degree that's got to be at least 20,000 you see 20,000 bumps and or even more and some others like health that's probably one of the things driving this massive increase in the number of people who are getting them now a bear in mind of course that you're also going to be losing out some money and getting those degrees if you go to a two years masters you're not getting your salary for two years generally and you're also getting you know twenty to thirty or forty thousand dollars more in student loan debt so you have to factor that in it looks like you will recoup that assuming you can get a good job that's the other side of it the the debt and you see the debt is going up in fact it's accelerating 2008 to 2012 a much sharper increase in 2004 to 2008 and so you have to bear that in mind I mean we're looking at let's see for the other master's degrees it looks like we're looking at 25 to 30 thousand dollars of additional debt but for the same extra degree by the way that you were getting in 2004 that's a lot more money for the same damn thing I have to say these numbers strike me as pretty low like I'm looking at really yeah they do like I'm you know when I was looking into MBA programs I worked you know in the MBA space beforehand and most the debt that people had when they had like no scholarships was about a hundred thousand dollars all it cost like two hundred thousand dollars to get an MBA from a top program so when I see stuff like 50 I'm like no no no Harvard Stanford Wharton and mighty it's more like two hundred thousand dollars total cost well clearly the set rolls are more expensive circle tonight I'm just saying there are different like there are different programs you can attend and they're gonna have different costs yeah it's true whole lot more that's true I went to UConn like you don't generate a lot of student loan debt it you can't necessarily but I do I have at least one friend who I can think of who had over a hundred thousand dollars a lot of my friends have over a hundred thousand dollars yeah and I bet they're not trying to pay it off with a UConn degree nothing against UConn I love my experience there as great dining halls and create a great dairy bar you

42 thoughts on “Master's Degrees Are The New Bachelor's Degrees?! What Does It Mean?”

  1. I hate to break it to her, but XOM will not be hiring someone with a degree with the word "studies" in it. XOM will be very competitive.

  2. If a Master's degree is useless, then why do so many job qualifications require it? It's the potential employers and companies that place the job details and what they're looking for. That happens to be a Master's or MBA- If you don't have it then your not selected in that pool of potential job interviews. A Master's degree labels that the person has potential leadership skills, less money will have to be spent on training them, and the Master's degree places you in a higher echelon in an organization. Especially if that organization doesn't have a large pool of college degree graduates.

    They're going to mostly higher the person with the higher credentials and probably pay them the same salary as a person that holds just a Bachelor's degree. Also, you would be surprised on the number of people that are choosing not to go to college. Even with the government providing financial aid to help fund a persons education. There's still a large percentage of individuals that choose other paths. I work with children and in the education field, and I see what life looks like with no college degree or a Technical trade in I.T. or Medical. It's a bleak existence, and it's even harder to finish even an undergrad degree if you have other factors in life that can make it challenging to finish. Like having children, marriage, goofing off, or some students go into a life of crime. Not until later in their adulthood do they realize that, Oh I need more than a diploma to get a job that will pay my rent. But it usually takes them a considerably longer time, and many don't complete their degree even after a few semesters of being enrolled. In the end, any degree from an accredited university is better than no degree, and earning a Master's is a good financial decision to make.

  3. A graduate degree shows that you can do independent research. A bachelor's degree shows you can memorize large volumes of information. Ultimately, they're both just veiled IQ tests. The master's degree just requires the flip side of memorization in the evaluation of intelligence: critical thinking.

    Another big component of the master's degree in hiring choices is probably directly related to the extension of adolescence. the student evades a responsible working life by continuing in academia. by hiring that student two years later, the employer benefits from a more matured individual.

  4. True. A Bachelor's Degree doesn't mean shit anymore, not even for an entry-level job. Master's degree perhaps may just make your employment options a bit more broader than a B.S, other than that, if you don't have a network and you are not beautiful, then good-bye and shoot yourself, because you will be poor for the rest of your life.

  5. In 1977 I graduated with a BA degree in clinical laboratory science (medical technology).  In 2008 I entered a graduate program for the MA in Humanities with a concentration in Latin.  In the clinical lab I was training and teaching theory to current and new employees.  The hospital I worked for paid for the MA in Humanities because it trained in research techniques.  After graduating with the MA in Humanities, I was compensated with a nice pay raise.  It paid off in my case.  It's up to us to promote ourselves and prove the merits of higher education.

  6. Just marketing by unis to make more money. Not all masters provide specialisation most are just gateway to research. Also very subjective, and btw HR just uses this as an easy filter to reduce candidates, which doesnt do any justice to genuine ones.

  7. I forgot to mention that my friends..Like 4 of them studied civil and mechanical engineering but are still unemployed..Like how sad and its been 2 years for one of them and the other 3 graduated in 2012 and have been working in a grocery store

  8. Unfortunately to say that there is No guarantee of getting a good job with a Masters degree so basically its like a waste of time to go for your graduate degree..The economy is bad and unemployment is high..I have few friends who went and got their masters degrees and are told that they are overqualified when they apply to many jobs..I have much bachelors degree and got a very nice high paying job so sometimes you are actually better off with a bachelors degree considering you dont need to be in any more debt..Lets face it.. we live life once and you want to also start enjoying it insted of being indebt..

  9. don't talk to me about higher ed if u want my parents money my when I was informed that some of your graduate you gave a diploma and a job asks to women if they wear thongs or granny panties

  10. whatever degree teaches you pure knowledge/ rules created for now are gonna be gone after the students have graduated, but a degree that teaches u the way to think around a problem and come up with great problem solving skills with great inspirations would last for the whole life and be passed on to the next generation of human beings

  11. Pff, Americans go to school more years than the rest of the world. You start at around 4yrs old and are required to continue till your 18yrs old. My wife graduated high school at 16 years old and entered college after that. Dont even get me started on the fact that her tuition was less than a grand a year due to no government subsidies that drive prices up here in the US.

  12. I am pursuing a Masters degree in Computer Science and Math in Canada, and university covers the tuition and gives you salary here for graduate school

  13. Online degrees are no longer considered to be an outlier and distance learning continues to grow every year. Some online degrees are garbage, some brick and mortar degrees are garbage.  I think most people would be surprised at how many colleges offer online degrees.  Penn State, Johns Hopkins, Purdue, just to name a few.  Don’t be surprised if the person interviewing you received an online degree. Post-graduate degrees still hold value. There are some exceptions such as DC and Massachusetts, but in most states less than 10% of the population holds a post-graduate degree.

  14. I agree with some of the comments about not knocking online degrees. I went to a birck and mortar university. But the only way to graduate on time is to take some online classes. So i think the argument should be why are we printing so many degrees, which reduces the overall quality. While to be honest, all the people i went to school with on the masters level deserved to be there, which is more than i can say for the undergraduate.

  15. Don't knock online education. If it's regionally accredited it's required BY LAW to be a bit more rigorous. I love going to school online, it works for me.

  16. i am Egyptian student in engineering major and i am just wondering if i applied for mit master degree would my career chances be like mit graduates ??!! regardless of my egyptian bachelor's degree or i just have to transfer to one of the top universities before my master to be equivalent to mit graduates

  17. Academic degrees are falling in value due both to rising quantity and falling quality. Over that past 50 years, first-year students have become decreasingly capable of university-level studies. The main problem is that the entire educational system has replaced actual academic studies with leftist indoctrination and boosting self-esteem. Employers know that the average BA holder is only slightly more capable than the average high school graduate.

  18. I was finding the LEED courses online and I found the best study material with GBRI by saving my time and money too. To know more about their courses you can login

  19. A Bachelor's degree is a glorified AA. Its gotten to the point where you need at least a Master's just to survive. More people are obtaining BA's, which has lowered the value of the degree. Anytime more people have something it lowers the value. Look at gold, the more people that have it lessens the value, the more rare of a commodity it is the more value it has. That's how capitalism works.

  20. I heard that if you got a degree certificate and you are being demoted, you will obtain a diploma or A-levels certificate instead.

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  22. the worst thing is for some jobs today all that work in college you did was not needed since you used none of it in your new job, sad but true. 

  23. ONE can't be intelligent if that same ONE pays that much money for a degree.. Unless your parents walk on roses.
    Fucking useless shitheads.

    And when you get that degree, you know only 1 specified thing in your life that you can be publicly proud of. Well whopdee fucking do. Good job.

    On other hand. Education was and always will be ~almost free, unless you're going to be a surgeon, etc. What you are paying for is the lack of discipline that Harvard can "train you" to achieve, not the actual knowledge.

    If you really want to, you can learn the same things on your own, but people are not ready to convince themselves to persist in what they are pursuing on their own.

    Conformity is a bitch that scales up with how much money you have.
    Ergo, you… you… lazy fucks

  24. I don't think a Master's Degree is the new Bachelor's Degree, because they are two separate degrees, one requiring more advanced critical thinking and work than the other. You cannot call a Bachelor's Degree a high school diploma, because the knowledge level of high school education versus college education are two different things. Unless a specific major, such as Education, requires a Master's Degree, most people should be getting jobs with a Bachelor's. The unemployment rate for college graduates is lower than those who have a high school diploma.

  25. I don't think a Master's Degree is the new Bachelor's Degree, because they are two separate degrees, one requiring more advanced critical thinking and work than the other. You cannot call a Bachelor's Degree a high school diploma, because the knowledge level of high school education versus college education are two different things. Unless a specific major, such as Education, requires a Master's Degree, most people should be getting jobs with a Bachelor's. The unemployment rate for college graduates is lower than those who have a high school diploma.

  26. But are a significant number of these graduate degrees completed while working, do employers contribute to the tuition. That may influence the average debt burden as well as the total number.

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