We are an independent, advertising-supported comparison service. Our mission is to empower you to make more informed financial decisions by giving you access to interactive tools and financial calculators, publishing original and unbiased content, allowing you to conduct free research and information comparisons, and publishing original and objective content. Partnerships between Bankrate and issuers like American Express, Bank of America, Capital One, Chase, Citi, and Discover are just a few examples.
A Certification Can Be Better Than A Masters Degree For Your Career! | Here’s the Difference!
What is a master’s degree?
A master’s degree is a graduate-level academic certification given to students who successfully complete a program with a focus on a particular subject. Graduate students typically complete this type of degree in two to three years, depending on the subject they choose.
What is a graduate certificate?
A graduate certificate is a graduate-level educational credential. High-concentration graduate certificate programs are made to meet the professional or supplementary requirements of people pursuing particular careers. Graduate certificate programs and interesting topics are available for people in many different fields and industries.
Benefits of earning a graduate certificate
Here are six of the main advantages of earning a graduate certificate as opposed to a master’s degree:
1. The curriculum is highly concentrated
Programs for graduate certificates are very specialized and concentrated on particular topics relevant to a person’s career. Participants in these programs have already earned a bachelor’s degree and probably have some work experience. These courses lack a set of fundamental core classes. Instead, certificate programs emphasize imparting advanced knowledge on one or two particular subjects within a sector.
2. The Graduate Record Examination (GRE) is not required
The Graduate Record Examination (GRE) is not typically required for graduate certificate programs. Students save a significant amount of time and money on registration and tutor fees as a result of this.
3. The program takes less time to complete
Graduate certificate programs typically require six to twelve months of full-time study. Certificate programs take less time to complete than graduate degree programs because they don’t require the fundamental core classes and don’t offer in-depth classes on various areas of academic study.
4. A graduate certificate can prepare you for a master’s degree
Graduate certificate courses are graduate-level classes. People who enroll in a six- or nine-month graduate certificate program can get a sense of the kinds of assignments and level of study required for a master’s degree.
5. Earning the degree indicates a growth mindset
Obtaining a graduate certificate demonstrates to employers your dedication to learning and growth and offers a quantifiable way to assess your advanced comprehension of subject matter relevant to a particular job.
6. Completing the program can expand your professional network
A person’s professional network is made up of all of their professional, academic, and social connections. Members of these networks frequently collaborate to find employment or advance one another’s careers. Professionals seeking to advance their careers and learn more about the fields they work in make up the majority of students in graduate certificate programs. Because of this, graduate certificate programs frequently bring together individuals with similar professional aspirations and industries.
Benefits of earning a master’s degree
There are many professional advantages to earning a master’s degree. Here are four of the main benefits:
1. A master’s degree provides in-depth subject knowledge
A masters degree is a high-level academic pursuit. These two- or three-year degree programs enable students to acquire in-depth knowledge and expertise in a particular field.
2. Earning a master’s degree may increase job opportunities
Each profession, job title, and employer has a different set of educational requirements. While a bachelor’s degree is frequently necessary for entry-level or mid-level positions, many industries insist on master’s degrees for those seeking mid-level positions, specialized roles, or leadership positions within an organization.
3. Holding a master’s degree improves your potential for higher-paying jobs
People who have earned a master’s or doctoral degree are frequently eligible for higher salaries or pay from employers. Many employers pay more and offer more benefits to people with these degrees, which demonstrate a high level of expertise in a field.
4. A master’s degree is a prerequisite for further degrees
Some doctorate or Ph. D. As a requirement for admission to certain programs, candidates must hold a master’s degree in a relevant field. People who want to pursue postgraduate education for academic or professional purposes must have a master’s degree, and having one gives them the chance to do so later in life.
How to choose between a graduate certificate and a master’s degree
Here is how to decide between obtaining a master’s degree and a graduate certificate:
1. Decide if your pursuit is academic or professional
An academic pursuit is research-oriented and centers on advanced learning. Many college-bound students have theoretical, intellectual, or speculative interests in the subjects they wish to study. Those who are pursuing higher education for professional reasons want to advance their careers.
If you have a more academic interest in a subject, you might discover that a thorough masters degree program is better suited to your requirements. However, you might think about enrolling in a graduate certificate program if you’re interested in learning more about a subject in order to advance your career.
2. Consider your career goals
Some professions call for a master’s or doctoral degree, and a master’s degree is occasionally a requirement for obtaining a Ph D. Earning a graduate certificate won’t help you advance in your career if it’s necessary for you to obtain a master’s or doctoral degree for the position you’re interested in.
Even if the Ph. D. Despite the fact that a master’s degree is not a prerequisite for the program you are interested in, there are advantages to finishing it before applying. If you are applying to a Ph. D. You can fulfill prerequisite requirements by earning a master’s degree in a field unrelated to your bachelor’s degree.
Additionally, most Ph. D. programs are highly competitive. Your chances of admission are likely to increase if you have a master’s degree and maintained a high grade point average during that time.
3. Determine how much time you can commit
While master’s degrees typically require two to three years of full-time study, graduate certificate programs typically last six to twelve months. It’s crucial to think about how much time you can devote if you have a full-time job, other obligations, or responsibilities to your family or friends. For part-time students, graduate certificate and master’s degree programs are frequently offered. However, this usually doubles the amount of time needed to finish either program. Consider pursuing your master’s degree if you can devote two to five years to studying part-time. However, a graduate certificate program might better suit your lifestyle if you are more at ease with a part-time commitment of one to two years.
4. Decide if you want to take the GRE
Many colleges and universities use the GRE, a standardized test, for admission to graduate-level programs. The test gauges a person’s aptitude in the areas of analytical writing, verbal reasoning, and quantitative reasoning. Each college or university has its own minimum admissions standards.
Many students spend months studying and getting ready for this exam. A graduate certificate program might better suit your needs if you want to learn more about a subject but don’t want to take the GRE. Additionally, some master’s degree programs don’t require GRE testing for applicants. To determine whether taking this exam is required, research the admission requirements for the school or program you are interested in.
5. Research the thesis requirements
In order to receive a master’s degree, a significant final project must be finished. This undertaking is known as a person’s final masters thesis in the academic world. A master’s thesis, which typically ranges in length from 100 to 200 pages, demonstrates a student’s research, findings, and subject-specific expertise.
Before applying, it’s crucial to research the thesis requirements of a master’s-level program so you can decide if the course of study interests you.