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What is your ROI for a master’s degree

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These days, most of your friends might already possess an undergraduate degree or are in the midst of pursuing one. Chances are, having a bachelor’s degree is also not going to set you apart from the saturated crowd.

But what if you wish to climb the corporate ladder fast and gain advancement in your career?

If you lack extensive work experience, pursuing a postgraduate education is always a good idea, be it in the engineering field or the finance industry.

Just by comparing the average earnings of a Master's degree holder with an undergraduate’s, you’ll notice a big difference: $170k vs $95k.

Benefits of a master’s degree

It’s becoming hugely popular to do a Master’s degree overseas. Fluent in English or hoping to brush up your language skills? There are excellent colleges in Australia, Canada, and the UK that offer quality Masters education.

Wherever you decide to go, the same benefits of Master’s degrees apply.

With that said, let’s dive straight into the top five benefits.

#1: Higher salary and career advancement

A Master’s degree shows that you are highly specialised. Having a high level of knowledge means that you’ll be able to command a higher salary.

Undergraduates in Singapore have a median monthly salary of $4,437. Meanwhile, an MBA will net you an average yearly salary of $97,000 - that’s nearly a two-fold increase!

#2: Become a specialist

Want to become a consultant? You’ll need a detailed understanding of a specific field to become a subject matter expert.

And when it comes to technical fields, a Master’s degree can give you a competitive edge. If you want to become a leader in the engineering field, getting a Master’s of Science in Engineering will inculcate those project-management and strategic competencies you’ll need.

#3: Flexibility to transition into different careers

Getting a Master’s degree isn’t just about specializing in a specific niche. If your current role doesn’t spark your inner flame, it might be time for a career transition.

Studying for a post-graduate might be just what you need to get you out of a funk. Want to pursue a career in law? Selecting the right Juris Doctor degree will give you better chances.

#4: Build an impressive professional network

Being around a group of like-minded, ambitious individuals can give you excellent networking opportunities. And don't forget your professors, who are successful industry leaders in their own right!

Getting a Master’s Degree not only builds on your competencies but also gives access to career guidance and contacts you can tap on in the years to come.

#5: Challenge and develop yourself

Master’s programs give you a great deal of autonomy to pursue various projects and interests that come your way.

And if you decide you are up for a Master’s program overseas, we promise it’ll not only give you a head start over your peers but also give you ample chance to develop yourself holistically.

Exploring a new part of the world not only challenges you to adapt and grow, but also allows you to make international friends and expand your social circles.

Is a Master’s degree worth it?

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The answer is a definite yes. Having a Master's Degree sets you apart from the crowd and gives you an edge for career advancement.

Whether you focus on the networking benefits or career advancement, the awesome perks of a Master’s Degree mean that you’ll have a positive ROI.

If you are ready to take the next step towards your dreams, here’s how we can help.

At IDP, we handle every step of the application and guide you along all the way. From selecting the perfect Master’s course to sorting out your accommodation, our education counsellors know how to help you.