Master's and bachelor's degrees may seem similar as they often come in identical subjects. Yet many employers will specify the need for a master's degree. Aside from the cost students may well wonder what the differences are. They may also wonder whether those differences are worth the extra cost. So this article will shed some light on the difference.
Types
Both a master's and a bachelor's degree generally come in either an arts: - M.A. or B.A. - or a science: M.S. or B.S. There are variations in a master's degree, such as a Master of Fine Arts or a Masters of Business Arts.
Course duration
A bachelor's degree is earned after completion of a course of undergraduate study, generally four years. A master's degree is earned after completing graduate studies, usually two years after first earning an undergraduate degree.
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Importance
A master's degree is earned after extended studies, often in a narrower field than a bachelor's degree. As a result, someone who holds a master's degree is considered to have more knowledge in their field.
Pay Scales
When it comes to earning potential and initial salaries, someone with a master's degree can usually earn more money than someone with just a bachelor's degree. However, given enough experience with a bachelor's degree, this tends to equal out.
Potential
Without earning a master's degree, a student cannot go on to earn a PhD. Some career paths also necessitate a master's degree, which makes additional education necessary.