masters degree vs phd

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• Master’s vs PhD | A Complete Guide to the Differences

Master's vs PhD | A Complete Guide to the Differences

Published on November 27, 2020 by Lauren Thomas . Revised on May 10, 2024.

The two most common types of graduate degrees are master’s and doctoral degrees:

• A master’s is a 1–2 year degree that can prepare you for a multitude of careers.
• A PhD, or doctoral degree, takes 3–7 years to complete (depending on the country) and prepares you for a career in academic research.

A master’s is also the necessary first step to a PhD. In the US, the master’s is built into PhD programs, while in most other countries, a separate master’s degree is required before applying for PhDs.

Master’s are far more common than PhDs. In the US, 24 million people have master’s or professional degrees, whereas only 4.5 million have doctorates.

Table of contents

Master’s vs phd at a glance, which is right for you, length of time required, career prospects, costs and salaries, application process, other interesting articles, frequently asked questions about master's and phd degrees.

The table below shows the key differences between the two.

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A PhD is right for you if:

• Your goal is to become a professor at a university or some other type of professional researcher.
• You love research and are passionate about discovering the answer to a particular question.
• You are willing to spend years pursuing your research even if you have to put up with a lot of dead ends and roadblocks.

A master’s degree is the better choice if any of the following apply:

• You want to continue studies in your field, but you’re not committed to a career as a professional researcher.
• You want to develop professional skills for a specific career.
• You are willing to pay a higher upfront cost if it means finishing with your degree (and thus being able to work) much faster.
• You want the option to study part-time while working.

The length of time required to complete a PhD or master’s degree varies. Unsurprisingly, PhDs take much longer, usually between 3–7 years. Master’s degrees are usually only 1–2 years.

Length of a master’s

Master’s degrees are usually 2 years, although 1-year master’s degrees also exist, mainly in the UK.

Most of the degree consists of classes and coursework, although many master’s programs include an intensive, semester-long master’s thesis or capstone project in which students bring together all they’ve learned to produce an original piece of work.

Length of a PhD

In the US, a PhD usually takes between 5 and 7 years to complete. The first 2 years are spent on coursework. Students, even those who choose to leave without finishing the program, usually receive a master’s degree at this point.

The next 3–5 years are spent preparing a dissertation —a lengthy piece of writing based on independent research, which aims to make a significant original contribution to one’s field.

Master’s degrees tend to prepare you for a career outside of academia, while PhDs are designed to lead to a career in research.

Careers for master’s graduates

There are two types of master’s degrees: terminal and research-intensive. The career prospects are different for each.

Terminal master’s degrees are intended to prepare students for careers outside of academia. Some degrees, known as professional degrees, specifically prepare students for particular professions; these include the Master of Public Policy (MPP), Master of Business Administration (MBA), Doctor of Physical Therapy (DPT), Master of Fine Arts (MFA), and Master of Public Health (MPH) degrees.

Other master’s degrees, usually Master of Arts (MA) or Master of Sciences (MS or MSc) degrees, do not necessarily lead to a specific career, but are intended to be a final degree. Examples include an MS in Communications or MS in Data Analytics.

In research-intensive master’s programs, students take coursework intended to prepare them for writing an original piece of research known as the master’s thesis . Such programs are usually intended to prepare for further study in a doctoral program.

Careers for PhD graduates

As research degrees, PhDs are usually intended to lead to an academic career. A PhD can be thought of like an apprenticeship, where students learn from professional researchers (academics) how to produce their own research.

Most students aspire to become a university professor upon the completion of their degree. However, careers in academia are highly competitive, and the skills learned in a doctoral program often lend themselves well to other types of careers.

Some graduates who find they prefer teaching to producing research go on to be teachers at liberal arts colleges or even secondary schools. Others work in research-intensive careers in the government, private sector, or at think tanks.

Below are a few examples of specific fields and non-academic careers that are common destinations of graduates of those fields.

• Computer Science
• Lab Sciences

Many government jobs, including economists at a country’s central bank, are research-intensive and require a PhD. Think tanks also hire economists to carry out independent research.

In the private sector, economic consulting and technology firms frequently hire PhDs to solve real-world problems that require complex mathematical modeling.

Graduate students from the humanities are sometimes hired by museums, who can make use of their research and writing skills to curate exhibits and run public outreach.

Humanities PhDs are often well-suited to research and grant-writing roles at nonprofits. Since so much of research is funded by grants, PhD students often gain a lot of experience applying for them, which is a useful skill in the nonprofit sector.

There are a wide range of non-academic research jobs for lab scientists with doctorates in subjects like chemistry, biology, ecology and physics.

Many PhD graduates are hired by pharmaceutical companies that need to perform research to create and test their products. Government agencies, such as the Environmental Protection Agency (EPA), also hire lab scientists to work on research projects.

Job prospects after graduation vary widely based on the field. In fields like management, computer science, statistics, and economics, there’s little underemployment—even graduates from less well-known programs can easily find jobs that pay well and use the skills they’ve gained from the PhD.

However, in other fields, particularly in the humanities, many PhD graduates have difficulty in the job market. Unfortunately, there are far more PhD graduates than assistant professor roles, so many instead take on part-time and low-paid roles as adjunct instructors. Even non-academic careers can sometimes be difficult for PhDs to move into, as they may be seen as “overqualified”  or as lacking in relevant professional experience.

Because career options post-PhD vary so much, you should take the time to figure out what the career prospects are in your field. Doctoral programs often have detailed “placement” records online in which they list the career outcomes of their graduates immediately upon leaving the program. If you can’t find these records, contact the program and ask for them—placement information should play an important role in your choice of PhD program.

Although PhDs take far longer to complete, students often receive a living stipend in exchange for being a teaching or research assistant. Master’s degrees are shorter but less likely to be funded.

Both master’s degrees and PhDs lead to increased salaries upon graduation. While PhDs usually earn a bit more than those with a master’s degree, in some fields, the wages are identical, meaning that no financial benefit is gained from going on to a PhD.

Cost of a master’s

The upfront cost of a master’s degree is usually higher than a doctoral degree due to the lower amount of financial aid available. However, increased salaries also arrive faster than with a doctoral degree, because people graduate much earlier from a master’s program.

Some master’s students do receive stipends for their degrees, usually as compensation for being a teaching or research assistant. In addition, many people complete master’s degrees part time while working full-time, which allows them to fund their living costs as well as tuition.

The cost varies significantly by school and program. Public schools are usually cheaper than private ones. Some master’s degrees, such as MBAs, are notoriously expensive, but also result in much higher wages afterwards that make up for the high cost.

The master’s wage premium , or the extra amount that someone with a master’s degree makes than someone with just a high school diploma, is 23% on average. Many universities provide detailed statistics on the career and salary outcomes of their students. If they do not have this online, you should feel free to contact an administrator of the program and ask.

Cost of a PhD

PhDs, particularly outside the humanities, are usually (though not always) funded, meaning that tuition fees are fully waived and students receive a small living stipend. During the last 3–5 years of a PhD, after finishing their coursework (and sometimes before), students are usually expected to work as graduate instructors or research assistants in exchange for the stipend.

Sometimes students can apply for a fellowship (such as the National Science Foundation Graduate Research Program in the United States) that relieves them of any obligations to be a teaching or research assistant. Doctoral programs in the US tend to be better funded than in the rest of the world.

Sometimes, PhD degrees can be completed part-time, but this is rare. Students are usually expected to devote at least 40 hours a week to their research and work as teaching or research assistants.

The main cost of doctoral programs comes in the form of opportunity cost—all the years that students could be working a regular, full-time job, which usually pays much better than a graduate school stipend.

The average wage premium for PhDs is 26%, which is not much higher than the master’s degree premium.

In the US, the application process is similar for master’s and PhD programs. Both will generally ask for:

• At least one application essay, often called a personal statement or statement of purpose .
• Letters of recommendation .
• A resume or CV .
• Transcripts.
• Writing samples.

Applications for both types of programs also often require a standardized test. PhDs usually require the Graduate Record Examination (GRE), which tries to measure verbal reasoning, quantitative, critical thinking , and analytical writing skills. Many master’s programs require this test as well.

Applying for a master’s

Master’s degrees programs will often ask you to respond to specific essay prompts that may ask you to reflect upon not just your academic background, but also your personal character and future career ambitions.

Northwestern University’s Kellogg Business School requires Master’s of Business Administration (MBA) applicants write two essays, one about a recent time they demonstrated leadership and the second about their personal values.

Who you should ask for your letters of recommendation varies by program. If you are applying to a research-intensive master’s program, then you should choose former professors or research supervisors. For other programs, particularly business school, current work supervisors may be a better choice.

Some professional master’s programs require a specific test. For example, to apply to law school, you must take the Law School Admissions Test, or LSAT. For business school, you must take either the GRE or the Graduate Management Admissions Test (GMAT).

Applying for a PhD

When applying for a PhD, your resume should focus more on your research background—you should especially emphasize any publications you’ve authored or presentations that you’ve given.

Similarly, your statement of purpose should discuss research that you’ve participated in, whether as an assistant or the lead author. You should detail what exactly you did in projects you’ve contributed to, whether that’s conducting a literature review, coding regressions, or writing an entire article.

Your letters of recommendations should be from former professors or supervisors who can speak to your abilities and potential as a researcher. A good rule of thumb is to avoid asking for recommendations from anyone who does not themselves have a PhD.

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A master’s is a 1- or 2-year graduate degree that can prepare you for a variety of careers.

All master’s involve graduate-level coursework. Some are research-intensive and intend to prepare students for further study in a PhD; these usually require their students to write a master’s thesis . Others focus on professional training for a specific career.

A PhD, which is short for philosophiae doctor (doctor of philosophy in Latin), is the highest university degree that can be obtained. In a PhD, students spend 3–5 years writing a dissertation , which aims to make a significant, original contribution to current knowledge.

A PhD is intended to prepare students for a career as a researcher, whether that be in academia, the public sector, or the private sector.

This depends on the country. In the United States, you can generally go directly to a PhD  with only a bachelor’s degree, as a master’s program is included as part of the doctoral program.

Elsewhere, you generally need to graduate from a research-intensive master’s degree before continuing to the PhD.

This varies by country. In the United States, PhDs usually take between 5–7 years: 2 years of coursework followed by 3–5 years of independent research work to produce a dissertation.

In the rest of the world, students normally have a master’s degree before beginning the PhD, so they proceed directly to the research stage and complete a PhD in 3–5 years.

A master’s degree usually has a higher upfront cost, but it also allows you to start earning a higher salary more quickly. The exact cost depends on the country and the school: private universities usually cost more than public ones, and European degrees usually cost less than North American ones. There are limited possibilities for financial aid.

PhDs often waive tuition fees and offer a living stipend in exchange for a teaching or research assistantship. However, they take many years to complete, during which time you earn very little.

In the US, the graduate school application process is similar whether you’re applying for a master’s or a PhD . Both require letters of recommendation , a statement of purpose or personal statement , a resume or CV , and transcripts. Programs in the US and Canada usually also require a certain type of standardized test—often the GRE.

Outside the US, PhD programs usually also require applicants to write a research proposal , because students are expected to begin dissertation research in the first year of their PhD.

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Home > Blog > Tips for Online Students > Tips for Students > Master’s vs PhD — These are the Main Differences

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Master’s vs PhD — These are the Main Differences

Updated: June 19, 2024

Published: October 31, 2019

The consideration between earning a master’s vs PhD is not always an easy choice. While many careers and personal aspirations may be complete with just an undergraduate degree (Associate’s or Bachelor’s), a lot of people continue their higher education to obtain graduate degrees. These include a master’s and/or a PhD.

Neither a master’s degree nor a PhD is considered to be a walk in the park. Therefore, it’s useful to understand why you would earn either and then decide how far to go.

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Definitions: master’s vs phd.

Bost a master’s and PhD are defined as postgraduate degrees, but they require different commitments and styles of learning.

1. Master’s Degree:

Mostly all master’s degrees will require the completion of an undergraduate bachelor’s degree to enroll. They generally all share the same common requirement for a thesis or dissertation to graduate.

Earning a master’s degree through a taught program will result in the completion of a Master of Art (MA), Master of Science (MS), or Master of Philosophy (MPhil). For those who earn their master’s degree through research, they will earn a Master of Research (Mre), in a tailored field of study. There are also degree-specific master’s programs like Master of Business Administration (MBA) and Master of Education (M.Ed).

After earning a master’s degree, the next step is a PhD, which entails both working and performing research at an institution. A PhD is an abbreviation for “Doctor of Philosophy.” It is the highest academic degree one can achieve. As such, it is a time-consuming pursuit that requires a lot of studying and research.

You may be wondering, “Do you need a master’s to get a PhD?”

Technically, the answer is not always. Some students skip a master’s and go straight for their PhD, but they may lack research experience. While it could save money, the transition between a bachelor’s and a PhD is incredibly sharp. It may be harder to complete a PhD without the experience from a master’s.

Yet, some institutions may allow for the possibility to earn both your master’s and PhD in conjunction with one another. This will alleviate the transition between skipping a master’s and going straight to earning a PhD.

Should You Get a Master’s or PhD?

There are many considerations to factor when deciding between a master’s of PhD. For starters, it’s useful to consider the amount of time it will take, the cost, and the benefits and disadvantages of each. It is also of utmost importance to explore your own personal goals and reasons for wanting a graduate degree.

If your desired career of choice requires a PhD, like becoming a university professor, then you have your answer. If you want to start a business and benefit by networking while in school, a Master of Business Administration (MBA) could be a good idea. Consider what you want to pursue as a career and find out the requirements first.

Another useful thing to note is that a master’s degree can be used for a shift in careers. For example, if you attended college and earned a bachelor’s degree in humanities, but now you want to pursue science, you can still earn your master’s degree in a scientific discipline. On the other hand, a PhD is tailored to your field of study and specialty, so it will require that you are sure of your direction when you first earn your master’s degree.

Length of Time

A typical master’s degree program takes about two years full-time. However, there are accelerated programs that can be completed in just a year or so.

A PhD, in general, requires five to six years of studying, teaching, and research. However, it may even take some students up to eight or nine years to graduate. With this significant investment in time, it’s necessary to know if a PhD is right for you before starting.

The cost of both programs varies by institution and enrollment status of part-time versus full-time. However, since a PhD takes longer to complete, it will end up costing more. With that said, if you look into your return on investment, a PhD could end up yielding a higher salary, and therefore end up “costing less.”

Additionally, there is also the possibility of being paid to complete your PhD. Some students may receive an academic stipend, a university fellowship or apprenticeship or a reduced fee to earn their PhD while completing research (or teaching) at an institution. It’s also possible to get financial aid through a scholarship or grant.

As tuition rates continue to rise, it’s useful to look into alternative institutions for affordable education. For example, the University of the People offers a tuition-free master’s program in Business Administration and Education. This means you can study 100% online and graduate for less than the cost of most programs.

Weighing the Benefits

When comparing the two degree types, here are some benefits of each:

• Career-oriented
• Can open the door for more job opportunities
• Costs less than a PhD
• Takes less time than a PhD
• Helps you stand out from those with only an undergraduate degree
• You can perform research in your field of choice
• You become an expert in your field
• The prefix Dr. is added to your name
• You can teach in academia at the highest level

Required Commitment and Reasons to Pursue

Both a master’s and a PhD require a huge amount of hard work and utter commitment. You must be dedicated and motivated to complete either degree. Since most careers only may require a bachelor’s degree, having a master’s or PhD will set you apart from the competition. However, this should not be the sole reason to pursue either.

You may be wondering why would you earn either degree. Here’s a look at some motivational factors:

Reasons to Study for a Master’s

• Your career requires it (see next section)
• You want to advance your subject knowledge
• You want to experience graduate school and network with peers

Reasons to Study for a PhD

• You want to contribute new research to your field of choice
• Your career requires a PhD
• You want to earn the title of Dr.

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Required degrees by career.

Most people are motivated to pursue higher education because their desired careers require they do so. Here, we will break down those fields that require the completion of a master’s degree as it’s high on the list of reasons why to get one.

• Education Administration: To work as an administrator in an educational institution, you need to hold an advanced degree. A Master’s in Education (M.Ed) will provide you with the necessary knowledge and required skills to succeed in the field.
• Executive Level Business: A Master’s in Business (MBA) will not only place you ahead of the competition to land high-level positions in the field of business, but it can also be the jumping off point for becoming your own boss.
• Environmental Science: With issues in climate change and technological advancement, careers in Environmental Science are growing. As with most scientific careers, it requires a master’s degree where you will learn Applied Ecology, Environmental Policy, Environmental Chemistry, and more.
• Mental Health: To become a licensed practitioner and assist in mental health counseling, you will continue your education through a master’s degree in the field.
• Physical Therapy: Employers of physical therapists often prefer them to obtain a master’s degree in the discipline as the field is highly specialized.

Of course, some careers require a PhD. These careers are easy to spot because they have the prefix Dr. in front of them or the suffix like J.D. (Juris Doctor). To become a lawyer, doctor of medicine, veterinary medicine or psychologist/psychiatrist, you must obtain a PhD in the respective field.

Salary Differences Between Master’s and Ph.D. Graduates

According to a study performed by the Georgetown University Center on Education and the Workforce , the overall evidence shows that the higher the degree you have, the higher your salary potential. However, the differences vary by subject level and field.

In general, the expected lifetime earnings of those with each degree level is as follows:

• High School Diploma: $973,000
• Bachelor’s Degree: $1.3 million
• Master’s Degree: $2.7 million
• Doctorate Degree: $3.3 million

The Bottom Line

Aside from the financial cost and length of time, the opportunity to earn a master’s and a doctorate degree can offer several benefits.

However, it is an undertaking that requires a lot of dedication and motivation on behalf of the student. As such, it’s important to perform research on your desired career’s requirements, as well as your personal interest in pursuing either a Phd vs master’s.

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Master’s vs. Ph.D.: What’s the Difference and Which One to Choose?

If graduate school is on your radar, one of the first things to consider is what type of degree you should pursue . While a bachelor’s degree is required for any postgraduate study, many people think you need a master’s to pursue a Ph.D., but that isn’t always the case. While there are benefits to receiving your master’s degree before your Ph.D., it’s not always necessary or required. However, there are important differences to note when deciding which type of program to apply to.

Master’s degree

A master’s degree usually takes about two years to complete full time. There are programs that allow a student to attend on a part-time basis, but that of course extends the completion time. Many master’s programs require a thesis to be completed, but not all. A thesis is a research project that is completed during the final year of a master’s program under the guidance of your program chair or advisor.

Under the master’s umbrella, there are quite a few specific degrees you can obtain. Your professional path will determine which of these you pursue.

• Master of Arts (MA) is given for disciplines in the arts and social sciences.
• Master of Science (MS) is given for sciences, health, engineering and statistics.
• Master of Research (MRes) is focused on training students to become researchers. This is advantageous to a student if they’re pursuing a research-based career or planning to apply for a Ph.D. program.
• Master by Research (MPhil) is similar to a MRes but is more advanced and focuses on research topics to be explored in depth. It’s often considered a precursor to a Ph.D. program.

Specialized master’s degrees

There are numerous specialized master’s degrees that are categorized by profession. These are often (not always) preceded by some professional experience prior to undertaking these types of advanced degrees.

• Master of Business Administration (MBA)
• Master of Library Science (MLS, MLIS, MSLS)
• Master of Public Administration (MPA)
• Master of Public Health (MPH)
• Master of Social Work (MSW)
• Master of Laws (LLM)
• Master of Education (MEd, MSEd, MIT, MAEd, MAT)
• Master of Engineering (MEng)
• Master of Architecture (MArch)
• Master of Fine Arts (MFA)
• Master of Divinity (MDiv)

Ph.D. (Doctor of Philosophy)

There are many Ph.D. programs and, in general, it’s considered the most advanced type of research degree you can obtain. Ph.D. candidates are required to complete a dissertation to obtain their degree. Unlike a thesis, a dissertation is longer and consists of original research conducted throughout the entire doctoral study. In some cases, students may be awarded a stipend, or pay, to complete the doctoral program and dissertation.

Ph.D.’s take a considerably longer time to complete than a master’s, five to eight years on average, and they carry a rather high rate of noncompletion due to time and financial commitments. Many Ph.D. programs have stipends available, so it’s important to inquire about that when researching a particular program.

Specialized doctorate programs

As with master’s degrees, there are several specialized doctorate programs specific to different disciplines and areas of study:

• Doctor of Business Administration (DBA)
• Doctor of Engineering (EngD/PhD)
• Doctor of Education (EdD/D.Ed)
• Doctor of Social Science (DsocSci)
• Doctor of Professional Studies (DProf)
• Doctor of Architecture (DArch)
• Doctor of Theology (Th.D)
• Doctor of Divinity (DD/DDiv)
• Doctor of Science STEM (Dsc/ScD)
• Doctor of Science Arts & Humanities (DLitt/LitD)

When deciding which one to get, consider your immediate or long-term career goals — which degree would serve you best? In some cases, you can obtain a Ph.D. with just a bachelor’s degree, but often it’s recommended you get a master’s first for the research experience that will be required for a Ph.D.

As with anything, there are exceptions. Students in law school obtain a J.D. (Juris Doctor) but can then further obtain a master’s in a sub-specialty like tax or immigration law. The health care occupations of physical therapist and pharmacist are also doctorate programs obtained post undergrad.

Making your choice

As with any decision, weigh your options, list pros and cons, and go from there. Once you’ve narrowed your options , you’ll have a precise list of programs and institutions generated for your specific goals.

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Demystifying Graduate Degrees: Comparing Master’s vs. Doctorate

You want a graduate degree — to continue exploring your passions, make discoveries or advance your career — but how do you turn that decision into a plan?

It starts with understanding the difference between a master’s and a PhD in your field. They differ in length, intensity, curriculum and career paths, so you’ll also need a clear idea of why you want to pursue a graduate degree to determine which one you should get.

What Is a Master’s Degree?

If you’ve completed your undergraduate degree, it might be time to ask, “What’s next?”

That’s where Master’s degrees can come in.

Whether you want to specialize in a particular area or get advanced skills in your profession, a master’s degree can help you get there in 1-2 years.

The most common types of master's degrees include:

• Master of Arts (MA),
• Master of Science (MS),
• Master of Business Administration (MBA),
• Master of Education (MEd),
• and Master of Fine Arts (MFA). 

What do you learn in a master’s program?

The short answer? A lot.

Master’s degree programs are designed to build on the foundational knowledge gained during your undergraduate studies, and the curriculum focuses on advanced knowledge and skills in a particular field.

Here’s what you can expect to encounter in a master’s program:

Advanced coursework:  Master's programs provide advanced courses that build upon the foundational knowledge gained during your undergraduate studies. These courses delve deeper into specific topics within your field and often explore the latest research and developments. 

Specialization:  One of the primary goals of a master's program is to allow you to specialize in a particular area. Whether pursuing a Master of Arts, Master of Science, or a professional degree like an MBA, you can focus your studies on a specific subfield or concentration within your discipline. 

Research and analysis:   Many master's programs require you to engage in research projects and analytical work. This could involve conducting independent research under the guidance of a faculty advisor or participating in group research projects with fellow students. Through these research experiences, you’ll develop critical thinking and analytical skills, learn how to gather and evaluate relevant data and draw meaningful conclusions.

Practical applications and internships:  Some master's programs incorporate practical training opportunities like internships, practicums, or field experiences; hands-on experiences allow you to apply the knowledge and skills gained in the classroom to real-world settings.

Collaboration and networking:  A Master's program is a rich collaboration and networking environment. Collaborative projects, group discussions, and professional events allow you to exchange ideas and build connections within your field, often leading to long-lasting professional relationships and potential career opportunities.

Thesis project:   Outside of building skills like project management, problem-solving, project management, and effective communication, thesis projects in master's degree programs serve as a cornerstone for building advanced skills, expanding professional networks, and contributing to the body of knowledge in your respective field. 

Why get a master’s degree?

Career advancement: One primary advantage of getting a master’s degree is an edge in the job market. Employers value the specialized knowledge and advanced skills that come with a master’s degree, opening up new and exciting career opportunities.  The cherry on top? Individuals with a master’s degree often earn more than those without an advanced degree — you can take that to the bank, especially if you set yourself up for financial success during your studies. Flexibility: Another aspect to consider is the flexibility that a master’s degree offers. Many programs offer part-time or online options, allowing you to balance your studies with work or other commitments.  This flexibility can be particularly helpful if you’re already established in your career but want to gain additional qualifications.  Growth opportunities: Depending on your field, a master’s degree can be a stepping stone toward a PhD or other doctoral programs. It gives you a solid foundation in research methods and academic rigor — a boon if you want to pursue a career in academia or conduct advanced research.

What is a Doctoral Degree or PhD?

A doctoral degree is a terminal degree — it represents the pinnacle of academic achievement and is the most advanced degree you can attain. Doctoral students want to become authorities in their chosen fields and develop the skills to conduct independent and original research. 

Doctoral programs usually span 3-6 years of full-time study, during which students complete advanced coursework, pass comprehensive examinations, engage in extensive research and ultimately produce a dissertation that contributes new knowledge to the field. 

There are several types of doctoral degrees based on different academic and professional aspirations, including:

• Doctor of Philosophy (PhD),
• Doctor of Education (EdD),
• And Doctor of Psychology (PsyD), among others. 

What do you learn in a doctoral program?

When you successfully defend your dissertation and complete your degree, you also become an expert in your field — but it doesn’t happen overnight. Here's what you can expect to encounter in a doctoral program:

Advanced research: If you’re looking for a hard emphasis on research, a doctoral program is the place to be. Over several years, PhD students engage in extensive research activities — including conducting independent research, producing scholarly publications, and contributing to the knowledge base of their field through original research contributions.

Theoretical and conceptual frameworks:  PhDs are an incredible opportunity to deepen your understanding of theoretical and conceptual frameworks in your field of study. You'll critically analyze existing theories, evaluate their applicability, and develop your theoretical frameworks to advance knowledge and understanding in your chosen area of research.

Advanced methodological training:  Because a dissertation is an original research project, you’ll gain advanced training in research methodologies and data analysis techniques, like designing robust research studies, collecting and analyzing data, and drawing valid and reliable conclusions from your research findings.

Critical thinking and intellectual independence: Both academia and industry employers highly value independent thinkers and workers. Doctoral programs foster critical thinking and intellectual independence by challenging you to evaluate existing research, identify gaps in knowledge, and propose innovative research ideas. Teaching and Mentoring Experience: Being a teacher or mentor is a great opportunity to share your hard-earned knowledge, and universities agree. Doctoral programs often provide opportunities to teach and mentor undergraduate students, develop effective pedagogical skills, and contribute to the academic community.

Dissertation project:  Your dissertation is the culmination of years of hard work within your field. By enrolling in a doctoral program, you’re also given the chance to participate in a significant and original research endeavor that demonstrates the expertise you’ve worked so hard to cultivate.

Why Get a Doctorate?

Having a doctorate doesn’t just open doors; it can kick them down. A doctorate might be right for you if you’re looking for a door to these things:

Expertise and specialization:  Doctoral degrees can be a labor of love. They help you delve deeper into a specific subject area, gaining expertise and specialization.

Research opportunities:  Extensive research training, opportunities for conducting original research, and contributing new knowledge to the academic community — these three things make a doctorate coveted by students, universities, and employers.

Salary potential and career advancement: In some fields, having a doctorate can lead to higher earning potential and increased salary opportunities. According to the U.S. Bureau of Labor Statistics , doctoral degree holders made an average of $1,885 per week in 2020, while master’s degree holders made an average of $1,545 per week.

Contribution to society:  Doctoral research often addresses pressing societal issues, contributing to advancements in technology, healthcare, education, and other areas for the benefit of society — for many students, contributing to the greater good is just as rewarding as career advancement or personal development.

What’s the difference between a dissertation and a thesis?

You might have heard “thesis” and “dissertation” used interchangeably, but they’re not quite the same. Here are the general distinctions to consider:

• A thesis is usually associated with a master's degree program. Students undertake a research project in the final stage of their degree.
• It typically involves conducting original research or analyzing existing research to answer a specific research question.
• The length of a thesis varies based on the field and program requirements, but it’s usually shorter than a dissertation.

Dissertation:

• A dissertation is typically associated with a doctoral degree program. It is an extensive, in-depth research project that marks the culmination of a doctoral program.
• in-depth exploration of a research topic
• comprehensive literature review
• methodology section
• data collection and analysis
• substantive discussion of findings and conclusions.
• Dissertations are usually longer than theses and may take several years to complete.
• Once you’ve completed your dissertation, you participate in a formal defense of the research, where you’ll present your findings to a committee of experts in the field.

Key Differences: Master's vs. PhD

Deciding Between Master's vs. PhD Programs

“Should I get a master’s degree or a PhD?”

Answering that question can be exciting — and a bit intimidating. You must consider long-term career objectives, personal interests, and the time you can commit. Plus, the level of specialization you wish to achieve based on your career path is also a factor. Typically, a PhD is a prerequisite for those aspiring to research careers in academia, while professional roles in various industries may require only a master's degree. 

It’s still worth noting that students have the option of completing a master's degree first and then, based on their experiences and career aspirations, deciding whether to pursue a PhD.

Find the right graduate degree at SMU 

A graduate degree is a big investment, so investing in the right program is important.

SMU offers a diverse array of master's and PhD programs tailored to align with your unique interests and career goals, and personalized support, from the applicant to the graduate, is always available. 

Whether you're interested in pursuing a PhD in Chemistry or are almost finished with your MBA, we can help you find the right advanced degree.

This could just be the beginning of your journey. Get a closer look at applying to graduate programs of your choice with our guide, How to Get a PhD: A Guide to Choosing and Applying to PhD Programs .

Learn More About

Doctoral degrees at SMU, and how you can choose the right program and thrive in it, in our Guide to Getting a PhD.

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• The Difference Between Masters and PhD Study

Written by Sarah Hastings-Woodhouse

The main difference between a Masters and a PhD is the purpose of each degree. A Masters degree involves expanding your understanding of existing scholarship in a particular subject area. The purpose of PhD study, on the other hand, is to make an original contribution to your field.

So, the biggest adjustment to expect as you progress from Masters to PhD study is a higher degree of independence (and responsibility). Beyond widening your expertise and improving your research skills, you’ll be expected to break new academic ground.

But exactly how will your academic life change as you make the leap from Masters student to PhD candidate? In this guide, we’ll provide a quick overview of how PhD and Masters study compare, including applications, course structure, assessment and more.

Applications

If you’ve already completed an undergraduate and a Masters degree, you might consider yourself something of a university applications veteran. How different can applying for a PhD really be?

There are quite a few similarities between the Masters and the PhD application process. Both will tend to require:

• A personal statement
• Your academic transcript
• Details of at least two referees

As at Masters level, you’ll submit each application directly to your chosen institution, usually through the university’s own applications portal.

The process of applying for a predesigned PhD will more closely resemble that of applying for a Masters. But if you’re planning on designing a self-proposed project , you’ll be in slightly more unfamiliar territory. Rather than responding to an advertised PhD project in your application, you’ll essentially be writing that project specification yourself in the form of your research proposal .

An academic CV is only occasionally required for a Masters application, but almost always required for a PhD application. Its purpose is to summarise your professional and academic experience, in order to demonstrate that you’re well-qualified to complete the project.

It’s useful to think of applying for a PhD as similar to applying for a job. While an application for a taught programme (such as a Masters) involves communicating why you want to study the course and how you feel it will aid your academic and professional development, the focus of a PhD application should be what you can do for the institution. Remember that, if successful, you’ll become a valued member of an academic department, and that those reviewing your application are your prospective colleagues!

Applying for a PhD also requires an extra step that you won’t have encountered at Master’s level – contacting prospective supervisors . It’s often preferable to complete this stage before you submit your final application (though this can vary from institution to institution). Reaching out to supervisors can be an intimidating and confusing process, especially since you won’t have had to do anything similar for previous applications. Our handy list of dos and don’ts will help ensure you’re familiar with all the relevant etiquette before you click send!

Applying for a PhD

Want to know how to apply for a PhD in more detail? Have a read of our step-by-step doctoral application guide.

The MPhil to PhD upgrade

As we’ve said, the main difference between a Masters and a PhD is that the latter requires you to contribute original material to your field. This might be a daunting prospect, but luckily the first phase of a PhD usually acts as something of a ‘transitional’ period which should help you adapt to the demands of doctoral study.

In the UK, most PhD students are initially registered for a Master of Philosophy (MPhil) degree, before being ' upgraded ’ to the status of full PhD candidate (this will occur after 9-18 months for full time students, or after 15-24 months for part-time students).

This first stage of your PhD will largely be spent writing up your upgrade report . The largest component of this will usually be a literature review . You’ll likely have written a literature review as part of your Masters dissertation , so this part shouldn’t be too unfamiliar. You’ll need to demonstrate a comprehensive and critical understanding of existing scholarship in your field and situate your own research within this wider academic context.

This time round, however, you’ll need to illustrate how your research will contribute something new to the field. Don’t panic, though – now isn’t the time to present any original findings in detail (save that for your final thesis). You just need to identify a gap in the academic market and indicate how you plan to fill it.

The rest of the upgrade report should illustrate how you plan to progress with your project. You will be required to include a research question, planned methodology and a rough timetable of future work. Sometimes, you’ll also submit a sample of work you’ve already done towards your thesis.

You’ll then complete an oral presentation known as the PhD upgrade viva . It’s uncommon to ‘fail’ a PhD upgrade, though you may be asked to repeat the process if there is any concern about your progress. The important thing to remember is that you won’t progress to the status of full PhD candidate until the department is satisfied that you’re ready to (and you’ll often be given a couple of shots at demonstrating this).

Course structure

The most obvious difference between a Masters and a PhD in terms of overarching course structure is length. Whereas a Masters is completed in 1-2 years, a PhD will usually take 3-4 years (if studied full-time) or 5-6 years (if studied part-time).

3-4 years may sound like a long time, but by the end of a PhD you’ll not only researched, written and defended your thesis but also amassed significant additional experience. This might include:

• Publishing papers
• Presenting at academic conferences
• Administration within your department

Despite having longer to complete it, you can expect to work at a similar level of intensity for your PhD as you did for you Masters – and to undertake a much wider variety of activities in the process.

At undergraduate and Masters level, you’ll have grown used to each year of study being structured similarly. While the complexity of material will increase as the course progresses, each academic year will have followed a similar format (a series of taught modules culminating in assessment through examination or coursework).

A PhD, by contrast, moves through a series of phases. In your first year, you’ll usually write up a comprehensive overview of existing scholarship in your field in the form of a literature review and draw up a plan for the completion of your project. Your second year will typically be dedicated to completing the bulk of your research , before you write up your final dissertation over your third and fourth years. You can find out more about each stage in our guide to the PhD journey .

PhD candidates aren’t assessed in the same way as Masters and undergraduate students – so yes, you can wave goodbye to regular coursework and exams! You’ll only be formally ‘examined’ at two points during your programme – your PhD upgrade viva (as explained above), and your final viva voce , in which you’ll defend your final thesis in an oral examination.

This doesn’t mean it will be a complete free-for-all between these two milestones, however. Most universities will monitor your progress to make sure that you are continuing to meet the standards of the department year-on-year.

It’s common for PhD candidates to be monitored through progression reviews (which are generally annual for full-time students). You may have to submit a report outlining how your thesis has progressed to date and what your plan is for the following year, as well as any training or other university work (such as teaching) you have undertaken. If the department feels that you haven’t made sufficient progress, you may be required to register for a lower award, or to leave the university altogether.

At Masters level, you’ll have been given a grade out of 100 for each examination or piece of coursework (if in the UK) and graduated with a degree classification ranging from a Distinction to a Fail. At PhD level you won’t be ‘graded’ as such – it’s better to think of your viva examinations and progression reviews as a series of checkpoints that you’ll need to pass in order to earn your doctorate.

Ultimately, the outcome of your final viva will either be that you are awarded a PhD or that you are not (or that you might be after you’ve made some tweaks – see our full guide to viva voce results ). There’s no such thing as a ‘good’ or ‘bad’ PhD in the same way that you can receive different classifications of Masters degree.

Hopefully this guide has given you some idea of how PhD and Masters study compare, and helped you feel a little less apprehensive about making the leap!

To find out more about PhD study, have a browse of the many detailed guides in our advice section .

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What happens during a typical PhD, and when? We've summarised the main milestones of a doctoral research journey.

The PhD thesis is the most important part of a doctoral degree. This page will introduce you to what you need to know about the PhD dissertation.

This page will give you an idea of what to expect from your routine as a PhD student, explaining how your daily life will look at you progress through a doctoral degree.

PhD fees can vary based on subject, university and location. Use our guide to find out the PhD fees in the UK and other destinations, as well as doctoral living costs.

Our guide tells you everything about the application process for studying a PhD in the USA.

Postgraduate students in the UK are not eligible for the same funding as undergraduates or the free-hours entitlement for workers. So, what childcare support are postgraduate students eligible for?

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• Masters vs PhD – Differences Explained
• Types of Doctorates

The decision of whether or not to pursue a Masters or PhD (or both) after you complete your undergraduate studies is not necessarily a straightforward one. Both are postgraduate degrees but are different in terms of the academic experience and the career paths taken afterwards.

In short, a Masters degree involves a year of study, primarily through taught lectures and a final dissertation research project, whilst a PhD (also referred to as a doctorate degree) is a three-year commitment of independent research on a specific subject.

There’s more to it than that, however – read on for more information.

What Is a Masters Degree?

A Masters degree is the next level of education after the completion of an undergraduate degree, commonly known as a Bachelors.

These degree levels are often referred to in terms of cycles so that a Bachelor’s is a first-cycle degree, a Masters is a second-cycle and finally, a PhD is the third-cycle of higher education (and the highest).

Masters degrees demand an intense period of study, usually centred around a core series of lectures and taught modules, coupled with coursework assignments and exams, followed by the completion of a contained research project usually taking students 3-4 months to complete.

These types of degrees are attractive to recent graduates who want to delve deeper into their specific field of study, gaining some research experience and more specialised knowledge beyond what an undergraduate degree can offer.

Equally, some pursue a Masters degree program in a subject that is only tangentially related to their Bachelors degree, helping them gain a broader depth of knowledge.

These degrees also serve as a significant stepping stone for those already in employment who want to progress their current career development and earn a higher salary. They can also be an excellent method for helping in changing careers completely by learning new skills and subject knowledge.

What Is a PhD Degree?

A Doctor of Philosophy (PhD) is the highest academic degree that can be awarded and is the third and final cycle in the progression of higher education.

A doctoral degree is earned on the basis of producing a significant, independent and novel body of work (a Thesis) that contributes new knowledge to a particular research topic.

These are research degrees that are a significant investment of a candidate’s time, resources and energy and are all but a pre-requisite for anyone considering a career in academia, such as eventually becoming a professor.

There are some exceptions to this, such as those with a medical background who may earn an MD (Doctor of Medicine), which is the equivalent of a PhD.

Doctoral degrees can also have a significant positive impact on career development outside of academia, especially in fields such as engineering, business and finance that have a high demand for highly qualified and capable people.

A graduate student engaged in PhD study is commonly known as a PhD student, PhD candidate or doctoral student.

What are the Benefits of a Masters Degree?

There are several reasons one might consider doing a Masters degree rather than a PhD in their graduate education. These include:

• It takes approximately a third of the time to do compared to a doctorate degree and costs less too.
• It’s a good way to differentiate yourself from those that hold only an undergraduate degree without having to commit to a substantial research degree.
• The end goal is more career-focused as opposed to research-focused. For example, it is practically an ‘easier’ route to changing or progressing your career if that aligns with your professional goals.

What are the Benefits of Doing a PhD?

You may continue on into a doctoral program after a Masters or you may even dive straight in after completing your undergraduate studies. So, what are the advantages of completing this third-cycle?

• You’ll have developed a wealth of transferable skills at graduate school, such as effective communication of complex concepts, multi-tasking time-management and the ability to adapt to and solve unexpected problems.
• A doctorate helps to establish you as an expert within your chosen subject area; your work will hopefully have furthered the knowledge in this.
• It will open up career paths and teaching positions within academia that may otherwise be very difficult to get a hold in (although these career paths will still be very competitive).
• You can add the title ‘Dr’ in front of your name!

Which Degree Is More Impactful: A Masters or a PhD?

On paper, the answer should be clear: A doctorate degree is the highest degree you can earn, so has more impact than a Masters, which in turn has more impact than a Bachelors.

The reality is that the size of the impact (if any) really depends on the subject area and the career path you choose (if the measure of impact is how it positively improves your career prospects, that is).

For someone with aspirations of becoming a professor, a PhD will be of greater value than a Masters alone.

Equally, it’s also possible that someone with a PhD entering a different field or one that doesn’t require a PhD may find that their degree has no bearing on their career or in some cases may even be seen as a ‘negative’ with a concern of the person being ‘over-qualified’ for a position. There are many scenarios in which professional experience would be more valuable to an employer than a doctorate degree.

Check out the links below to our interviews with Prof. Debby Cotton and Dr Nikolay Nikolov to read their experiences of when a going through a PhD program has had a clear benefit (Prof. Cotton) and when it hasn’t been helpful (Dr Nikolov).

Do You Need to Have a Masters to do a PhD?

This really depends on the university, department and sometimes even the project and supervisor.

From a purely application process perspective, some institutions may formally require you to hold a Masters degree relevant to the subject of the PhD project before you can enter their doctoral program.

In another scenario, most universities are unlikely to accept candidates that were awarded below a 2:1 (in the UK) in their undergraduate degree but may consider someone who has ‘made up’ for this with a high-grade Masters.

Lastly, some universities now offer PhD programmes that incorporate an additional year of study in which you would complete a Masters degree before carrying directly on into a PhD project. As you’d expect, even if a university doesn’t formally require you to hold one, a Masters degree can help separate you from other applicants in being accepted on the project.

Check out our detailed guide to doing a PhD without a Master’s .

Why Do a Masters before Your PhD?

Even if you don’t need to have one, it could still be beneficial to begin your postgraduate study by doing a Masters first before you embark on your doctorate journey.

As mentioned previously it’ll help you stand out from applicants that don’t have one, but beyond that, it’ll give you a taster of what research life could be like, especially if you stay at the same university and department for your PhD.

The one-year commitment (in the UK at least) of carrying out a Masters first, and in particular your research project, will help you better understand if this is truly something you want to commit the next three or more years to.

You’ll learn some of the skills of independent research, from performing detailed literature searches to more complex, analytical writing.

At the end of it, you should be in a stronger position to consider your options and decide about whether to continue into a PhD at graduate school.

Finding a PhD has never been this easy – search for a PhD by keyword, location or academic area of interest.

How Long Does It Take to Get a Masters Degree?

In the UK, a full-time Masters degrees take students one calendar year to complete: The programme of study usually starts in September, the final research project the following April and final project viva around August. Part-time degrees are usually double the time.

How Long Does It Take to Get a PhD?

In the UK, most PhD projects take 3-4 years to complete , as reflected by the majority of funded projects offering stipends to cover living expenses of about 3.5 years.

For many reasons, projects may end up taking longer to complete, however. This might be because of difficulties in collecting enough data, or if the project is being done part-time.

Which One is More Expensive to Do?

As you’d expect, as a PhD takes three times as long to complete as a Masters degree, it will cost you more to do as far as university fees are concerned.

Another thing to consider is that many PhD projects come with some level of funding equivalent to a low salary, which may cover the cost of tuition fees and living expenses, whilst it is usually more difficult to obtain funding for Masters study.

Conversely, a Masters graduate may progress into a higher (versus PhD funding) salary sooner whilst a PhD student will endure three years of a comparatively low income.

A Masters vs a PhD: Conclusion

If you’re considering continue further graduate study after your undergraduate degree, the question of doing a Masters vs a PhD is likely to come up. They are both considered an advanced degree, each with their own advantages.

There are benefits to doing either of these graduate programs or even both of them; your decision here can be easier if you have an idea of the career you want to follow or if you know you have a love for research!

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Masters vs PhD: Which Should You Pursue?

Deciding between a master's degree and a PhD? Explore the key differences, career prospects, and benefits of each to help determine which advanced degree is right for you.

Amethyst Rayne

Jul 7, 2024

Photo by Pavel Danilyuk on Pexels

Deciding between a master's degree and a PhD can be a pivotal moment in your academic and professional journey. Each path offers unique opportunities and challenges, and understanding the differences can help you make an informed choice. This blog will explore the key aspects of both degrees, including program structures, career prospects, and the personal and professional goals they align with.

Understanding the Basics

What is a masters degree.

A master's degree is an advanced academic degree that follows the completion of a bachelor's degree. It typically takes one to two years to complete and focuses on providing specialized knowledge and skills in a specific field. Examples of popular master's programs include the Master of Business Administration ( MBA ) and the Master of Public Health ( MPH ).

What is a PhD?

A PhD , or Doctor of Philosophy, is the highest academic degree awarded by universities. It involves extensive research and contributes new knowledge to a particular field. PhD programs in the US and other countries usually take between three to seven years to complete. The journey to a PhD includes coursework, comprehensive exams, and the completion of a dissertation.

Key Differences Between a Masters and a PhD

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Duration and Time Commitment

One of the most significant differences between a master's degree and a PhD is the time required to complete each program. A master's degree typically takes one to two years, while a PhD can take anywhere from three to seven years. This extended duration for a PhD is due to the in-depth research and dissertation required.

Nature of Study and Research

A master's program is usually course-based, focusing on acquiring specialized knowledge and practical skills. In contrast, a PhD program is research-focused. PhD students spend a significant portion of their time conducting original research, which culminates in a dissertation that contributes new knowledge to their field.

Career Pathways and Prospects

The career prospects for master's and PhD graduates can differ significantly. A master's degree can open doors to mid- to senior-level positions in various industries, including business, healthcare, and education. In contrast, a PhD is often required for academic and research positions. Fields that typically require a PhD include academia, advanced research roles, and specialized industry positions.

Financial Considerations

The cost of pursuing a master's degree versus a PhD varies. Master's programs generally have a higher upfront cost, but they take less time to complete, allowing graduates to enter the workforce sooner. On the other hand, many PhD programs offer stipends or funding opportunities, but the longer duration means a delayed entry into full-time employment. Additionally, PhD graduates often have the potential to earn a higher salary in academia and research roles.

In-depth Look at a Masters Degree

Overview of a Masters Program

A master's degree program involves structured coursework designed to provide advanced knowledge in a specific field. These programs usually take one to two years to complete and may require a thesis or capstone project.

Career Prospects with a Masters Degree

Graduates with a master's degree can pursue various career paths, depending on their field of study. For instance, a Master of Business Administration (MBA) prepares graduates for leadership roles in business, while a Master of Public Health (MPH) equips graduates with the skills needed for careers in public health and policy.

Benefits of Pursuing a Masters

• Shorter Duration : Completing a master's degree in one to two years allows graduates to enter the workforce sooner.
• Flexibility : A master's degree can provide the opportunity to switch fields or gain specialized knowledge in a particular area.
• Higher Salary : Compared to those with only a bachelor's degree, master's graduates often earn higher salaries.

Specific Examples

• Master of Business Administration (MBA) : Focuses on business management, finance, and leadership skills.
• Master of Public Health (MPH) : Emphasizes public health practices, epidemiology, and health policy.

In-depth Look at a PhD

Overview of a PhD Program

A PhD program is designed for individuals who wish to conduct original research and contribute new knowledge to their field. The program structure includes coursework, comprehensive exams, and the completion of a dissertation.

Career Prospects with a PhD

PhD graduates are often sought after for academic, research, and specialized industry roles. Common career paths include university professorships, research scientists, and high-level consultancy positions.

Benefits of Pursuing a PhD

• Contributing New Knowledge : PhD programs emphasize original research, allowing students to make significant contributions to their field.
• Highest Academic Degree : A PhD is the highest level of academic achievement, offering prestige and recognition.
• Advanced Research and Teaching Opportunities : PhD graduates often have the opportunity to teach at universities and conduct advanced research.

Challenges and Considerations

• Longer Time Commitment : A PhD requires a significant investment of time, often taking several years to complete.
• Financial and Personal Investment : The extended duration and intensive research can be demanding both financially and personally.
• Competitive Nature of Academia : Academic positions can be highly competitive, and the job market may be challenging.

Making the Decision

Personal and Professional Goals

When deciding between a master's degree and a PhD, consider your personal and professional goals. A master's degree might be more suitable if you seek to advance quickly in your career and earn a higher salary. On the other hand, if you are passionate about research and academia, pursuing a PhD might be the right choice.

Pros and Cons Summary

• Masters : Shorter duration, practical skills, flexible career options.
• PhD : Long-term commitment, research-focused, academic and research careers.

Steps to Take

• Research Potential Programs : Look into various master's and PhD programs to understand their requirements and offerings.
• Understand Prerequisites and Application Processes : Ensure you meet the prerequisites for your chosen program and prepare for the application process.
• Speak with Current Graduate Students and Professionals : Gain insights from those currently in the field or program to make an informed decision.

Choosing between a master's degree and a PhD is a significant decision that can shape your academic and professional future. By understanding the key differences, career prospects, and personal goals, you can make an informed choice. Whether you pursue a master's or a PhD, both paths offer unique opportunities to advance your knowledge and career.

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Phd Vs. Master's: Which Degree Is Right For Me?

Many college students choose to go directly into the workforce once an undergraduate degree has been achieved, and others choose to continue their education by enrolling in graduate school. So, what type of degree is considered a graduate degree? Undergraduate degrees are associate and bachelor degrees.  Master's and Doctor of Philosophy (Ph.D.) degrees at the postgraduate level are graduate degrees. Graduate school can be costly and requires much time and dedication from the potential student. Any person considering this type of education must be informed of both options.

Potential students often do not understand the difference between these two types of postgraduate degrees offered at the University of California Merced. Both degrees require a bachelor's undergraduate degree. Both will also require acceptance into the graduate school containing general requirements and specific requirements depending on the student's field. Those are where the similarities of the two end. The differences are much more defined. 

On average, a bachelor's degree will take four years to achieve. These four years are required for any postgraduate degree. Depending on the type of degree chosen, the second cycle degree will take approximately 2 to 6 years. How quickly the pupil intends to start their career will have to be taken into consideration. These lengthy-time constraints can be a detriment for many potential students. Most of the time, students going into graduate school are adults who need to begin their careers to support themselves and sometimes their families, and this amount of time may not be conducive to their plans.

Expenditure

Cost is one of the major considerations a potential student should account for. As of 2020, the average price of an undergraduate bachelor's degree for a public university in California is $1300 for an in-state student and $8000 for an out-of-state student. Private universities are more expensive, $20,000 regardless of the state of residence. On average, the second cycle degree or the master's can incur a cost of $17,000 for in-state upwards to $32,000 for out-of-state students per year. As discussed previously, the average master's degree takes approximately one to three years to obtain after the undergraduate degree has been obtained. To receive a Ph.D., the student must commit to approximately three to seven more years of education. One difference between a master’s degree and a Ph.D. degree at UC Merced is that 97% of all Ph.D. students are fully funded. Ph.D. students have their tuition and a living stipend covered through teaching assistant and research assistant positions and through fellowships.

What is the person's reasoning for wanting to achieve additional education? This can range from a larger salary, current or potential employment requirements, or career changes. Any of these reasons would be conducive to enrolling in a graduate program, specifically the master's degree program. This postgraduate degree is most beneficial to those already in the workforce looking to excel in their careers or change careers. There are times that companies will hire within but want a more advanced degree, so the person will seek out the degree to obtain a higher position. There are also times in which a person has a goal to change his or her career path. They may already have an undergraduate degree and decide to seek a higher education degree to change their careers. The reasons for entering the Ph.D. program can be much more specific. Most students enter this type of education or want to teach or provide some other way to advance the field further. 

The Learning Process

The learning process for each degree is very different. The master's program uses the undergraduate degree knowledge and puts it into practical formats and applications. The year(s) spent in this will consist of book study and in-person or online classes taught by professors. It will have work that will be graded and those grades recorded. Projects, including group projects, will make up the bulk of the study. A capstone course will also be required to accumulate all things learned into a practical application project, usually completed as a group. The Ph.D., on the other hand, is made up primarily of research. There may be classes involved with professors, but the bulk of the time will be used to complete a lengthy publishable research thesis. This type of education requires much time, and students can often not work full-time jobs and seek this degree. 

Once students have decided to further their education into graduate programs, they should thoroughly research how far they would like the instruction to reach. Are they wanting to get into the workforce while striving to obtain the degree? If so, then the master's is most likely the correct choice. Do they want the prestige that comes with the word Dr. in front of their name? Or perhaps they are striving to be an expert in a particular field? If this is the case, then the Ph.D. is the correct choice. Whichever choice is made, the acceptance and understanding of the time, money, and effort involved is a must. For more information on the types of degrees available, visit https://graduatedivision.ucmerced.edu/about/graddiv today.

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Master's vs Doctorate: Which Degree is Right for You?

Graduate degrees are becoming increasingly popular. 

According to the world’s largest and most sophisticated database of labor market and talent data from Burning Glass Technologies, 19% of U.S. job openings in the year 2018 requested a graduate degree. And that trend isn’t changing any time soon. In fact, the Bureau of Labor Statistics expects master’s-level occupations to grow by 17% by 2026. Employment for doctoral- and professional-level degree is also projected to grow by about 13%. Both of these projections are much faster than the 7% average for all occupations. 

The demand for both master’s and doctorate degrees is high. But how do you know which level of educational attainment is right for you? Does your industry or career aspirations necessitate one degree or another? Will you personally benefit more from a master's or doctorate?

We’ll show you how to take all these factors into consideration to help choose if you should get a master’s degree, or if you should complete your master's and go on to pursue a doctorate degree.

Master's vs Doctorate: What are typical program requirements?

Whether you pursue a master’s degree or doctorate degree program, it’s a significant commitment of time, energy and finances. Before you choose, you should understand the requirements for not only getting into a program, but also completing your master’s or doctorate degree.

Now that you have an understanding of what committing to a master’s degree or doctorate degree entails, compare the focus of the program and coursework. 

Master's vs Doctorate: What’s the difference in content and coursework?

The focus of master’s degrees and doctorate degrees is different. 

A master’s degree is designed to deepen career-oriented knowledge and skills. A doctorate degree is a heavily research-based degree, designed to develop critical research,analytical and writing skills in an effort to fill industry knowledge gaps.

Because of these different goals, the makeup of the coursework and content is also distinct.

Master’s programs feature three different types of courses:

• Core courses: These courses are required to complete your master’s degree and are considered essential knowledge to advance your industry expertise.
• Electives: These are a selection of courses that allow you to further specialize your degree with concentrated knowledge in specific areas. They can also be used to broaden your experience in related subject areas.
• Capstone course (or thesis): The culmination of a master’s degree, a capstone course or thesis usually involves conducting research and presenting your findings.

Doctorate programs are broken down into four distinct parts:

• Coursework: These advanced courses are required knowledge for passing your comprehensive exam. 
• Research Core: These courses impart essential research, analytical and writing skills to prepare you to complete your dissertation.
• Comprehensive exam: The comprehensive exam tests your understanding of key concepts learned through your coursework. Passing your comprehensive exam is essential to beginning your dissertation.
• Dissertation: You work with a dissertation committee to identify a research topic. Then you complete in-depth research, analysis, and writing before you defend your original research to your dissertation committee. 

As you consider these degrees, decide which better fits your academic and professional goals, as well as your personal interests and learning style.

Master's vs Graduate: How much will the degree cost?

We know that cost is a top concern for individuals deciding what degree to pursue. Unfortunately, it’s also one of the most difficult questions to answer. Cost estimates for a master’s degree can be anywhere from $30,000 to $120,000—and costs for doctorates can range just as widely. 

If you’re trying to evaluate the cost of a master’s vs doctorate degree you need to look at important factors like:

• Type of institution: Whether you choose a public, private nonprofit or for-profit school will impact how much you pay in tuition. The reputation and rankings of a university also affect the cost of tuition. 
• Time to graduation: How many courses you take at one time and the total number of credit hours you need to graduate affect the cost of both master's and doctorates. Doctorates depend highly on an individual’s time and commitment to completing the research and writing of an original dissertation. Also, keep your other personal and professional commitments in mind when estimating how long it will take to earn your degree (and how that will impact cost).
• Transfer credit: If you have a professional certification, or have earned graduate-level course credit, you may be eligible to transfer credit toward your degree. Getting transfer credit can significantly reduce your total cost.

Remember: To complete a doctorate degree you must first complete a master’s degree. So if cost is a top concern, evaluate which institution and program will give you the best value. In some cases, you may even be able to complete both a master’s degree and doctorate degree at a lower cost than a master’s degree at a school with high tuition. 

Earning a doctorate is challenging and rewarding, but do you know what to really expect? Download this free guide for tips and insights to help you prepare for success.

Master's vs doctorate: what are the outcomes of each degree.

When it comes to the outcomes of a master’s or doctorate degree, you should look at three key factors: skillset, career prospects and salary expectations. Let’s dive into the differences between the outcomes of these two types of graduate degrees.

• Skillset: Master’s degrees focus on the expert command of industry-specific skills, while working to develop critical-thinking and problem-solving skills. On the other hand, doctorate degrees are nearly the inverse—they heavily focus on research, analysis and writing in support of developing transferable skills that can be used to fill gaps in industry knowledge.
• Career prospects: Career advancement is a primary goal for people who pursue master’s and doctorate degrees. Master’s degrees are seen as career-oriented degrees that prepare you for management and leadership positions. More and more, doctorate degrees are becoming the norm for top executive positions, as well as opportunities to transition your career into academia.
• Income: Both master’s degrees and doctorate degrees significantly increase your salary expectations and lifetime earning potential. But which is worth more? According to the BLS, a master’s degree has the power to boost your earnings by 17% when compared to a bachelor’s degree, while a doctorate degree can bring in a salary 30% higher than a bachelor’s degree. According to the U.S. Census Bureau, an individual with a master’s degree can also earn more than $2.8 million in their lifetime, while a doctorate degree can earn you over $3.5 million.

Comparing the Benefits of Master's vs Doctorate Degrees

There are a lot of factors that go into choosing a master's vs doctorate degree. But as you evaluate all of the different aspects of these programs, make sure to keep your long-term goals in mind. We’ve outlined four key ways to compare the benefits of master's vs doctorate degrees against your goals.

Master's vs Doctorate: Popularity meets possibility with online degrees

As demand increases for advanced degrees, professionals are looking for ways to make getting their graduate degree more attainable. That’s why online master’s and doctorate degrees are more popular than ever. Online degrees offer working professionals the opportunity to get their degree without stalling their career.

Getting your master’s degree or doctorate degree is a lifetime achievement that can help you advance your career. If you’re considering your options for a master’s or doctorate degree, explore Franklin University’s online master’s degrees and online doctorate degrees to find a program that can help you take your career to the next level.  

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Land your dream job, the difference between a masters and a doctorate.

Angel Eduardo

There are a lot of degree types out there, but they often fall into one of two camps: doctorates and master’s degrees.

Both graduate degree options offer a narrower educational focus than the undergraduate experience. The higher the degree, the longer it takes to earn and the more specialized is its focus. Today, we’re taking a closer look at master’s and doctorate degrees to highlight differences and help you determine which might be most useful to you in your social-impact career.

Master’s Degrees

Master’s degrees are more versatile than doctoral degrees and have a wide range of professional and academic applications. The most common master’s degrees are Master’s of Arts (M.A.) and Master’s of Science (M.S.) . Additionally, there are three types of master’s programs:

• Research Master’s degrees are typically for academic and applied research disciplines. Examples include a Master’s of Arts in Comparative Literature, and Master’s of Science in Biology. In some fields, earning a research master’s degree without going on to earn a Ph.D. restricts your professional options. Figure out what's best for you and your career trajectory by talking with professors or professionals in your field.
• Professional Master’s degrees prepare candidates for professional work by introducing practical skills and frameworks for understanding issues in their field. These degrees may also qualify a person to practice in their field. Examples include a Master’s of Social Work, Master’s of Architecture, or Master’s of Art in Teaching. Most of the degrees featured at Idealist Grad Fairs are professional master’s degrees supporting careers in the social good sector.
• Terminal Master’s degrees are the highest academic degree in their field. While some master’s degrees may serve as the first step towards a doctorate, others—such as a Master’s of Fine Arts in Creative Writing or a Master’s in Library Science—are as high as you can go for academic accreditation in those fields of study.

Before pursuing a master’s degree, candidates must have already earned a bachelor's degree. Master’s programs take one to three years to complete and consist of advanced-level courses and seminars. In some programs, students go on to research, write, and defend a master’s thesis. In professional master’s programs, the thesis is often replaced by final projects and exams.

Doctoral Degrees

The most common doctorate is the Doctor of Philosophy or PhD. These research doctorates prepare students to contribute to the collective knowledge base of the field and offers a unique opportunity for an individual to conduct intensive and prolonged research on a very particular topic, which often leads to publication.

With a PhD, many seek careers as professors and researchers, but may also pursue roles in the nonprofit, public, and private sectors. Additionally, there are professional doctorates like the MD (Medical Doctor), and the JD (Juris Doctor). Before pursuing a doctorate, candidates must have already earned a bachelor's degree and in some cases a master’s depending on the program. Due to the nature of specialization, PhD programs tend to be smaller than master’s programs.

PhD candidates begin by taking courses and exams. They go on to take advanced seminars and complete their requirements by researching, writing, and defending a dissertation. A dissertation is one of the central components of earning the PhD and is a doctoral-level thesis about the candidate’s original research.

A doctorate degree may take up to eight years to earn depending on the program, whether the candidate has already completed a master’s degree (or is coming straight from undergrad), and the amount of time it takes to complete the dissertation.

Dual-degree programs (or joint master’s and PhD programs)

If you decide both degree programs sound right for you, there are some programs that offer the option to pursue both degrees at the same time. A dual degree program allows you to double count your earned credits towards the completion of both degrees. You can find more information here .

How to decide which degree is right for you?

Figuring out whether to pursue a master's or PhD will depend on your career field and educational goals. You can learn more about requirements in your field by doing some research or your own as well as networking with colleagues. Reaching out to a mentor in the field or alumni from your preferred program can also help you navigate graduate school decisions. Additionally, speaking with admissions staff at graduate schools can help provide insight into the kinds of graduate programming available. 

It can be tricky to offer general guidance on graduate programs since so much is dependent on the field of study. That said, we wanted to offer examples of how master’s and doctorate degrees can set you up for success. We've selected social work and business as fields to illustrate this:

Social Work

If you want to go to graduate school to study social work, you can study at the master’s level or the PhD level. To determine what is best for you, consider what role you’d like to play in the field of social work. If you’d like to be a social welfare direct service provider or government agency administrator, a master’s program may be most appropriate.

If you’d like to become a faculty member at a post-secondary institution, a social welfare research scholar, or a social welfare policy analyst, a Ph.D. program will be a better fit. Outside of academic settings—where a doctorate is required for most faculty positions—a master’s combined with practical work experience may provide ample preparation for a career as a researcher, policy analyst, or mid-level manager.

For business administration, you have the option of a Master’s of Business Administration (MBA), or a Doctorate of Business Administration (DBA). If your long term goal is to take on a leadership role in a nonprofit or business enterprise, the MBA (or nonprofit management degree) may be best. If instead, you’re interested in a career in academia teaching and researching on business practices, the DBA will be the better option.

Knowing your professional goals will help guide your choices for graduate study. Certain career paths, such as becoming a public defender or a medical doctor, are more clearly marked with the necessary steps, including the required educational level and graduate degree. Other career paths are less regimented and therefore require more investigation and consideration of what is right for you. Thoroughly researching your field of interest and having a strong understanding of the skills and knowledge you want and need from your graduate education will inform which degree options make the most sense for your goals.

Planning on returning to school? RSVP for the Idealist Grad School Fair in New York City !

Angel uses his skills as a storyteller to support and inspire job seekers and aspiring social-impact professionals.

• Assistant Professor vs Associate Professor: What's the Difference

Masters vs PhD – What’s the best degree for me?

In the US, a Master’s degree is not required for a PhD – unlike most European countries, where it is a prerequisite. Thus, in the US, deciding between a Master’s degree and a PhD can be a challenging question. By understanding the distinction, you can determine which program aligns best with your aspirations and goals. This article will provide insights into the structure, requirements, and outcomes of both degrees, helping you make an informed decision.

MASTER’S VS PHD DEGREE – WHICH IS BETTER FOR MY CAREER?

If you’re a recent graduate student looking to further your academic career, a Master’s degree might be the first step. But for those aiming for a career as a tenured university professor or to lead their own research group, pursuing a doctoral program to get a higher degree could be the better option.

Choosing the right degree program requires understanding the main difference of Master’s vs PhD.

WHAT IS THE DIFFERENCE BETWEEN A MASTER’S AND PHD?

The most important difference between Masters and phd programs is the focus and the duration.

A Master’s degree is designed as an advanced study in a specific field following a bachelor’s degree. It typically involves structured coursework, sometimes combined with research, resulting in a thesis or project.

A PhD, commonly known as a doctorate, is a research-focused degree regarded as the highest academic degree in higher education. This doctorate degree usually requires a dissertation based on original research.

This table that summarizes the key differences when considering Master’s vs PhD degrees:

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S OR A DOCTORATE?

A Master’s program typically takes one to three years to complete, depending on the type of degree and the field of study. On the other hand,  a PhD program can take anywhere from four to eight years , with the exact duration varying based on goals of the PhD candidates, the subject, the doctoral program’s requirements, and the time taken to complete the PhD dissertation.

IS A MASTER’S DEGREE A PREREQUISITE FOR A PHD OR DOCTORAL DEGREE?

In the United States, a Master’s degree is *not* required for a PhD. In contrast, in most European countries, a Master’s degree is a requirement for a PhD.

In the US , many PhD programs accept applicants with only a Bachelor’s degree. This is because PhD programs in the US typically include a Master’s component in the first few years. Students take coursework, complete research rotations, and pass qualifying exams before advancing to the dissertation phase.

In Europe , PhD programs are typically shorter, lasting 3-4 years. As a result, students are expected to have a stronger foundation in research before starting their doctoral studies. A Master’s degree allows students to develop their research skills, learn about their field of interest, and explore different research topics.

Here is a table that summarizes the key differences between PhD requirements in the US and Europe:

However, there are some exceptions to the general rule that a Master’s degree is required for a PhD in Europe. For example, in some countries, students with a four-year Bachelor’s degree may be able to apply directly to a PhD program. Additionally, some European universities offer joint Master’s-PhD programs that allow students to earn both degrees in a shorter period. However, these are structured to streamline the educational process and are often very competitive.

IS A SEPARATE MASTER’S DEGREE WORTH THE EFFORT?

In the US, a Master’s is not a prerequisite for a PhD because PhD programs typically include a Master’s component in the first few years.  Thus, a  separate  Master’s degree is probably not necessary in the US.  Most common Master’s degrees cater to professional fields, and a typical Master’s degree program is often designed to be a terminal degree.

In contrast, in most European countries, the discussion about a  separate  Master’s degree does not make sense because a Master’s program is required to reach the qualification for the PhD level.

WHAT’S THE FOCUS OF MASTER’S VS PHD: COURSEWORK VS RESEARCH?

A Master’s degree involves structured coursework which allows students to deepen their understanding of a particular subject . Some Master’s programs may also have a research component leading to a thesis.

In contrast, a PhD is primarily research-focused . While there might be some coursework in the initial years of study, the main focus is on independent research, leading to the creation of new knowledge.

Graduate programs in related fields like social work or clinical psychology may offer  specialized Master’s degrees , such as the Master of Social Work (MSW) or Master of Arts in Clinical Psychology, designed to build academic and professional skills.

If you’re wondering whether to take the next step towards a Master of Business Administration (MBA) or a Juris Doctor (JD), which are considered  professional degrees rather than research degrees , assess the degree level that aligns with your professional goals.

For graduate students who have set their sights on becoming doctoral students, PhD programs offer a deep dive into postgraduate study. However, degree requirements for graduate school can be pretty rigorous, especially for a specialized Ph.D. program.

The life of a PhD student is marked by hard work and a deep commitment to contributing original knowledge to their field. Typically, Ph.D. candidates spend their academic year fully immersed in research projects, including anything from scientific research in clinical psychology to molecular biology.

ADVANTAGES OF A RESEARCH MASTER’S DEGREE

Opting for a research Master’s degree, such as a Master of Science, allows for a combination of coursework and a research project, often culminating in a thesis.

This path can provide rigorous training programs in research methodology and data analysis, valuable for those considering eventual doctoral degree pursuits.

Additionally, for those questioning if a doctoral degree is a good investment of time and resources, a Master’s program may be a sensible interim step to gain further work experience and professional development.

IS A PHD THE HIGHEST ACADEMIC DEGREE?

Yes, a PhD (Doctor of Philosophy) is often regarded as the highest academic degree in many fields.

However, it is helpful to note that  a PhD is not universally the highest degree in all fields . For example, in professional fields like law and medicine, the  Juris Doctor (JD)  and the  Doctor of Medicine (MD)  are terminal degrees for professional practice but differ from a PhD.

Additionally, other degrees represent the highest level of professional achievement in their respective fields, such as the  Doctor of Education (EdD), Doctor of Business Administration (DBA),  or  Doctor of Engineering (EngD) .

In some cases, there are also specialized degrees that go beyond the PhD in certain fields. For example, the  Doctor of Science (ScD)  or  Doctor of Letters (DLitt)  may be considered higher or at least on par with the PhD, depending on the institution and country. These are often awarded for a substantial body of academic research and publication.

CAREER PROSPECTS AFTER A MASTER’S VS PHD DEGREE

It is important to consider how each degree can also shape your career in science. A Master’s degree can open up opportunities for higher salaries and specialized job roles that might require a deep understanding of a particular area. You also start earning earlier compared to a PhD candidate. For example, with a Master of Public Health, you might immediately enter the workforce in your specific domain.

A PhD prepares individuals better for a research career in academia or industry. However, many PhD graduates also pursue roles in consultancy or policy-making. Someone with a PhD entering a different field may find that their degree gives them an edge in research and analytical skills.

It is crucial to assess the career and salary outcomes of the respective degrees to determine which is the most suitable for you.

WILL A PHD HELP ME EARN A HIGHER SALARY?

Generally, individuals with a PhD tend to earn higher salaries than those with just a Master’s degree. The advanced knowledge, specialized skills, and research experience gained during a PhD program make individuals more valuable in the job market, leading to better job prospects and higher earning potential.

WHICH GRADUATE DEGREE PROGRAM IS MORE EXPENSIVE? MASTER’S VS PHD?

The cost of pursuing either a doctorate or a Masters degree is a significant factor. While a Master’s degree can also be costly, PhD programs often come with more opportunities for financial aid such as fellowships or teaching assistantships, which can significantly reduce your total cost.

Prospective students must research and compare the salary outcomes and potential debt of Master’s and doctorate degrees. Salary is one of several crucial factor to choose a position.

When considering graduate programs, financial aid is a significant factor. While the costs of a Master’s program can vary, many students take out student loans.

The cost of a Master’s degree can be offset by working as a research assistant, which helps financially and enhances practical skills and subject knowledge essential for a successful professional career in science. Similarly, doctoral programs often offer substantial financial support, such as stipends.

The availability and extent of financial support can greatly vary depending on the field of study, institution, and country. Not all doctoral programs offer substantial financial support, and some students may still need to rely on loans or personal funding. However, there are many  free or fully funded PhD programs .

The cost of tuition varies widely between institutions and countries. The duration of the programs can also affect the overall cost. Typically, a Master’s program is shorter in duration than a PhD, which might imply that even if the annual costs are higher for a Master’s, the total cost could be less due to the shorter time frame.

Finally, you must consider the indirect costs of graduate education, such as living expenses, which can vary widely and impact the  overall costs and duration of pursuing a graduate degree.

SCOPE AND DEPTH: MASTERS DEGREE THESIS VS PHD DISSERTATION

While both a thesis (usually associated with a Masters degree) and a dissertation (associated with a PhD) involve research, the depth and scope differ. A Master’s thesis focuses on a particular topic, offering a new perspective or a deeper understanding. In contrast, a PhD dissertation involves extensive research to create new knowledge or theory in the chosen field.

IS A CAREER IN ACADEMIA THE ONLY PATH FOR PHD GRADUATES?

No. While many with a PhD degree pursue roles in academia, others venture into the corporate world, non-profit sectors, and governmental roles. Industries that require specialized knowledge or research skills often value PhD graduates.

It’s worth noting that some sectors that do not require a PhD may find the expertise of someone with a doctorate advantageous.

FACTORS TO CONSIDER BEFORE APPLYING FOR A MASTER’S DEGREE OR A PHD

When deciding between a Master’s vs PhD, consider the following:

Your scientific career goals : Do you see yourself in academia or research?

Duration of study : Are you ready to commit several years to a doctorate?

Financial aspects : Can you support the cost of tuition or are there scholarships available?

Passion for research : A PhD will require intense, focused research. 

• Master’s degrees are typically coursework-focused with some research, while PhDs emphasize extensive research.
• PhDs generally take longer to complete than Master’s degrees.
• Career opportunities vary, with PhDs preparing individuals mainly for roles in academia and research, though other industries also value doctorate holders.
• Financial considerations are vital, with PhD programs often providing more financial support than Master’s programs.
• A passion for research and commitment to the subject are crucial for those considering a PhD.

Deciding whether to complete a PhD or Master’s degree varies greatly depending on personal career goals and academic interests. For a lot of people, graduate studies at the Master’s level provide sufficient qualifications for their intended career paths. However, if you aim to immerse yourself in academia or high-level research, a PhD is likely the better choice.

FREQUENTLY ASKED QUESTIONS (FAQ)

Which degree is right for me, a master’s or a phd.

Choosing between a Master’s degree and a PhD depends on your scientific career goals and personal aspirations. When considering an advanced degree, it’s essential to contemplate the significant differences between a Master’s degree and a PhD.

A Master’s program typically offers a structured path, often leading to a thesis-driven Master’s degree, which may be the best fit for students seeking to enhance their skills in a specialized area without the commitment to the long haul of a PhD study.

A PhD may be a better fit if you are interested in pursuing a research-oriented career or becoming a subject matter expert in a specific field. However, if you want to gain specialized knowledge and skills in a particular profession or industry, a Master’s degree could be the best choice.

WHAT ARE THE BENEFITS OF GETTING A PHD VS MASTER’S?

Earning a PhD offers several advantages. It allows you to  become an expert in a particular area of study  and opens up opportunities for advanced research and teaching positions. A PhD also enhances your critical thinking, problem-solving, and analytical skills. Additionally, individuals with a PhD generally earn higher salaries than those with a Master’s degree.

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S VS PHD?

The duration of a Master’s or PhD program varies depending on the field of study, research topic, and individual circumstances. On average, it takes around 1-3 years to complete a Master’s, while it takes around 4-7 years to complete a PhD, including the time spent on coursework, research, and dissertation writing. Several key factors  influence the duration of a doctorate .

CAN I APPLY FOR A PHD PROGRAM WITH JUST A BACHELOR’S DEGREE?

Typically, most European PhD programs require applicants to have a Master’s degree or its equivalent, while US universities accept candidates with only a bachelor’s degree because their PhD programs contain a Master’s component.

CAN I SWITCH FROM A MASTER’S PROGRAM TO A PHD PROGRAM?

Yes, it is possible to transition from a Master’s program to a PhD program. Many universities offer an option to apply for a PhD program after completing a Master’s degree. However, admission is competitive, and you will need to meet the additional requirements set by the PhD program, such as research experience and a strong academic record.

CAN I PURSUE A PHD IN A DIFFERENT FIELD THAN MY MASTER’S DEGREE?

Yes, pursuing a PhD in a different field is possible than your Master’s degree. However, switching fields may require additional coursework and research experience to bridge the knowledge gap. It’s essential to consider the specific requirements and expectations of the PhD program you are interested in.

WHAT IS THE DIFFERENCE BETWEEN MASTERS VS PHD PROJECTS?

In a Master’s program, the final project usually focuses on applying the knowledge gained during the program and demonstrating Mastery of the subject. In a PhD program, the emphasis is on conducting original research that contributes to the existing body of knowledge in the field. A PhD project typically involves a more comprehensive and in-depth study.

WHAT ARE THE CAREER OPPORTUNITIES AFTER COMPLETING A PHD?

Completing a PhD opens up a wide range of scientific career opportunities. Graduates with a PhD often pursue careers in academia as professors or researchers. The path to become a tenured professor is long, thus, reflect carefully whether it is worth it to become a professor.

PhD graduates can also work in research and development roles in industries, government agencies, non-profit organizations, and consulting firms. Additionally, a PhD can lead to leadership positions in various sectors and provide opportunities for entrepreneurship.

ACKNOWLEDGMENTS

I have used AI systems, including Grammarly, Google Bard, and ChatGPT, to enhance the English and comprehensiveness of this article. This post may contain affiliate links, meaning I get a small commission if you decide to purchase through my link. Thus, you support smartsciencecareer at no cost to you!

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Sven Hendrix is a Professor of Neuroanatomy at Medical School Hamburg (MSH) in Germany. He leads a research group dedicated to the neuroimmunology of brain repair and the development of xenofree organoid models as alternatives to animal experiments. Additionally, he serves as the speaker for CENE, a center focused on academic career development across MSH, Medical School Berlin (MSB), and the Health and Medical University (HMU) in Potsdam and Erfurt, Germany.

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Master’s vs PhD/Doctorate Degrees – Key Differences

So, you are done with your bachelor’s degree but not with studying–according to the U.S. Bureau of Labor Statistics , this seems like a good idea. In its projections for the years 2019–2029, it lists 36 occupations that typically require a master’s degree and 63 requiring a doctoral or professional degree. The Bureau of Labor Statistics data also shows that the wages for these occupations are higher than the median for all occupations. 

Now you might wonder: What is the difference between master’s and PhD degrees and which one should I get? Read on for all the information you need to make this important decision!

Difference Between Masters and PhD: An Overview

A master’s degree is designed to teach you the knowledge and skills that you will need in your future profession. A PhD or doctorate degree, on the other hand, is designed to develop your critical thinking as well as your analytical and writing skills and is usually a years-long commitment to independent research on a specific subject. The purpose of a PhD is to prepare you for a career in academic research—although it can also help you get into a variety of other professions, and at a higher entry/salary level. In the US, a master’s degree is integrated into a PhD program, as a necessary preparation period involving mostly coursework, while in most other countries, a separate master’s degree is required to enter a PhD program.

If you want to stand out, you should definitely opt for a PhD degree: According to the United States Census Bureau , 24 million people in the US had master’s or professional degrees in 2019, whereas only 4.5 million had PhDs/doctorates. But is it worth the extra effort? And what exactly would the extra effort be? Have a look at the table below to get an idea about the key differences between master’s and PhDs.

Master’s vs PhD

Master’s or Doctorate: Which Should You Choose?

How Long Does a Master’s vs Doctorate Take to Complete?

While the length of time it will take you to complete a PhD or master’s degree varies significantly between institutions and countries, we will focus on the US system here. Obviously, PhDs take much longer, because they are in fact a combination of both degrees and involve a long period of independent research that can get even longer than expected, depending on your topic, the available equipment or support, and a lot of other factors.

How long to complete a master’s degree

In the US, a full-time master’s degree takes students generally 2 years to complete, while part-time degrees are usually double the time.

How long to complete a PhD/doctorate

Since US PhD programs only require a completed bachelor’s degree, they start with an integrated master’s of 2 years of coursework, followed by 3–4 years of independent research into a specific topic. That usually includes publishing results, presenting at conferences, and preparing the final dissertation. Note that stipends/funding do not always cover the entire time it can take you to complete your PhD project—make sure you are aware of alternative options and additional funding at your institution or have at least thought about a backup plan before you start.

Master’s Degree Cost vs. a PhD Cost

Most people assume that PhDs are more expensive because they take many more years to complete. However, since PhD students usually receive scholarships or stipends, sometimes just for their commitment to full-time research and sometimes in exchange for teaching, the direct costs for a dissertation can be lower than those for a master’s degree. 

Additionally, while you are very likely to earn more with both degrees, the additional years of studying for a PhD should be factored into any estimation of costs vs outcomes.

Cost of a master’s degree

Master’s degrees at US universities can cost anything from $30,000 to $120,000, with tuition depending on the type of institution (public, private nonprofit, or for-profit). University rankings and general reputation also affect tuition costs. 

Whether an expensive degree (e.g., MBAs are often notoriously expensive) is worth the money for you personally depends on what kind of salary you think you can expect after graduating from that specific school. The universities you consider applying to should be able to provide you with data on the career and salary outcomes of their students, either on their website or if you contact them and ask for these details.

You can of course try to get a stipend and/or apply for a teaching or research assistant position at your school, depending on your undergraduate degree and experience. Moreover, many institutions offer the possibility to complete a master’s degree part-time, while working, which allows students to fund themselves.

You might also be eligible to transfer credits toward your degree if you have a professional certification or have earned graduate-level course credit—which can significantly reduce your total cost for both degrees.

Cost of a PhD/dissertation

PhDs, unlike master’s degrees, are usually funded, which means that tuition fees are waived and stipends or scholarships take care of living costs. Phd students are, however, often expected to take on teaching or research responsibilities in exchange for their funding. 

There are a variety of scholarships you can apply for if you want to pursue a PhD in the US as an international student—US-based ones like the Fulbright Foreign Student Program or the HHMI International Student Research Scholarships , but there are probably also funding opportunities in your home country for students who want to embark on a PhD abroad.

Pursuing a PhD degree part-time might sometimes be possible, but since students are expected to invest a full workweek into their research and potential teaching responsibilities, this is usually not realistic.

To estimate the overall cost of a doctoral program, the extra years that you could be working a full-time job with a regular salary also need to be factored into the equation—and take into account that projects may end up taking longer than expected, due to difficulties in collecting data, supervisors dropping out or moving on, or unforeseeable crises such as the COVID-19 epidemic.

Career Prospects for a Master’s vs PhD

While both a master’s and a PhD degree will qualify you for a variety of occupations that require higher degrees, they can also get you a higher salary in a profession that is also open to employees with a lower education level. PhD holders can in theory expect the highest wages, but since the two degrees prepare you for very different careers, that alone shouldn’t be what you base your decision on.

Master’s degree jobs and positions

Master’s degrees are overall more versatile than PhDs when it comes to employment opportunities and cover a wide range of fields and professions. The most common master’s degrees are the Master’s of Arts (MA) and the Master’s of Science (MS). 

Master’s programs can generally be divided into three different types:

Research master’s degrees, such as an MA in Comparative Literature or an MS in Biology, prepare students for academic and non-academic research disciplines and usually end with a thesis based on an original piece of research. In some fields, however, you are expected to enter a Ph.D. program after completing your master’s to be competitive when it comes to finding a job later.

Professional master’s degrees teach you practical skills and in-demand competencies that qualify you for a specific field and enable you to understand issues that are relevant in a certain profession. Examples include the Master of Public Health (MPH), the  Master of Business Administration (MBA), or the MA in Teaching (MAT). 

Terminal master’s degrees are the highest academic degree in fields where doctorates are not offered, and prepare students for careers outside of academia. The Master’s of Fine Arts in Creative Writing, for example, or the MS in Library Science are as high as you can go in those fields.

To give you an idea, below, we listed the 10 occupations at the master’s level that are projected to have the most openings annually from 2019 to 2029, according to the U.S. Bureau of Labor Statistics, and the highest-paying occupations for master’s degree holders without required work experience, based on projections from 2016 to 2026.

Master’s degrees, apart from helping you develop professional skills tailored to the requirements of the profession you intend to enter, can also serve as a stepping stone if you are already in employment and want to progress your career development, earn a higher salary, or change careers by learning new skills and subject knowledge.

PhD/doctorate jobs and positions

PhDs are usually intended to lead to an academic career, and many students aim to eventually become university professors. However, careers in academia are highly competitive, and there are not nearly as many professor positions as there are PhD holders. The good news is that the skills you learn during your doctoral program are often “transferable” and can be applied to other types of careers. 

Some PhD graduates end up (and enjoy) being colleague teachers, while others embark on non-academic research careers, for example at pharmaceutical companies, government agencies, consulting and technology firms, or think tanks. Job prospects vary widely across fields, with some—computer science, engineering, or economics—having very low unemployment rates, and others, for example the humanities, offering fewer and less desirable employment opportunities. Keep in mind, however, that someone with a PhD entering a different field or one that does not necessarily require a PhD may find that their degree sometimes does not help them or that they are even considered to be “overqualified” or as lacking practical skills and relevant professional experience.

Since there is no clear career path for PhD graduates, you should really take your time figuring out what field you want to work in later, what the career prospects for that field are, and if they are worth the time and effort you will have to invest to complete a PhD program. Your university should have data on the careers and salaries of their students, and should either display these details on their website or send you the relevant information if you contact them directly.

Master’s vs PhD: Application Process

The application process for master’s and PhD programs is overall very similar. In general, you will need to provide the following:

Frequently Asked Questions about Master’s vs PhD Degrees

How long does a master’s degree take vs a phd.

Full-time master’s degrees usually take 2 years to complete. Many universities offer the option to do a master’s part-time, which takes double the time. PhD programs in the US  start with an integrated master’s of 2 years of coursework (since you enter the program directly after completing your bachelor’s degree), followed by 3–4 years of independent research. 

Is a PhD harder than a master’s degree?

A PhD takes substantially longer and requires more self-motivation, organizational skills, and the willingness to carry on even when things do not go according to plan. You might also have other responsibilities, on top of your research, such as teaching or assisting your supervisor. But whether that is “harder” for you than a master’s degree that consists of mostly coursework and does not take more than 2 years depends on your interests and general working style. 

Is a master’s or doctorate better?

Master’s and doctorate degrees prepare you for different occupations and work positions, and which one is the right for you depends on what kind of career you are planning to pursue. Generally, a master’s degree is right for you if you want to deepen your career-oriented knowledge and skills for a specific profession, while a doctorate degree prepares you for a career in research, whether that is inside or outside a university.

Preparing Your Graduate School Essays

Now that you have figured out whether a master’s or PhD degree is the right choice for you, all that is left to do is to put your application together! Make sure that you focus on your chosen degree and its aim (research or a professional career) in all required documents—for example, highlight your professional and personal development in your CV for an MBA program, but the publication you got out of your bachelor’s thesis and how passionate you are about doing more research on the same topic for your application to a PhD program. 

As always, Wordvice can help with our professional Personal Statement Editing Services or Admission Editing Services , which help ensure that your application is error-free and showcases your full potential so that you get admitted to the graduate or doctoral program of your choice. For more academic resources on writing the statement of purpose for grad school or on how to request a letter of recommendation , head over to our Admissions Resources pages.

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Master’s Vs. Ph.D.: What’s The Difference?

• Undergraduate vs. Graduate
• Weighted vs. Unweighted GPA
• APR vs. APY
• Dual Degree vs. Double Major
• Master's vs. Phd
• Private vs. Public College
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Find a Job You Really Want In

Most people have a pretty solid understanding of what a bachelor’s degree is, but master’s degrees and Ph.D.s can often be fuzzier for many. In this article, we’ll go over each of these degrees and what each one entails. Key Takeaways: Master’s Degree Ph.D. A master’s degree takes about one to three years to obtain. A Ph.D. takes three to seven years to obtain. A master’s degree requires a bachelor’s degree. A Ph.D. usually requires a master’s degree. A master’s degree mostly involves coursework with one to two semesters dedicated to research for a thesis and/or capstone project. A Ph.D. involves some coursework but mostly focuses on research for a dissertation. A master’s degree can prepare you for almost any career. A Ph.D. can prepare you for a career in research and/or academia. What Is a Master’s Degree?

A master’s degree – also called a graduate degree – is an advanced degree that people with an undergraduate degree can go on to obtain.

A master’s degree takes about one to three years to obtain. This can change based on the program you pursue and how many classes you take per semester, but the typical master’s degree program lasts about two years.

Again, the actual amount of time a master’s degree requires depends on the program you’re in, how much time you have to dedicate to your classes and research, and how smoothly your research goes, but most master’s degree programs are designed to take two years to complete.

A master’s degree requires a bachelor’s degree. This is the main prerequisite for starting a master’s degree. While some master’s programs require students to have bachelor’s degrees related to the graduate program, others don’t, allowing anyone with any area of expertise to enter as long as they meet the other qualifications .

One of these qualifications is often a passing score on a standardized graduate school entrance exam such as the GRE, GMAT, LSAT, or TOEFL.

A master’s degree mostly involves coursework with one to two semesters dedicated to research for a thesis and/or capstone project. This thesis or project (or combination of both) is a requirement for graduation and must be approved by and presented to the program faculty (called a defense).

While the student is working on this research, they’re usually taking classes as well.

A master’s degree can prepare you for almost any career. You can find people with master’s degrees in virtually any industry, and you can find a master’s degree program for a wide variety of interests.

Some people choose to pursue their master’s in order to build a more advanced and/or specialized knowledge base in their field or to open up opportunities in an entirely different field than they’d originally been working in.

What Is a Ph.D.?

A Ph.D. is a doctoral degree that many people pursue when they want to work in research or academia. It’s the highest degree someone can obtain.

A Ph.D. takes three to seven years to obtain. Usually, though, it takes closer to five to seven years to obtain a Ph.D. The length of time it takes you to finish a doctorate program will depend on the particular program, how much time you have to spend on classes and research, and how long your dissertation takes to research and complete.

A Ph.D. usually requires a master’s degree. Usually, your master’s degree has to be at least somewhat related to the Ph.D. program you’re trying to enter so that you have a solid knowledge base going into your research.

However, many programs combine their master’s degree and Ph.D. programs so you can start right out of undergrad and get it all done in one place. Sometimes these programs even take less time since they often require less research than two separate programs would.

A Ph.D. involves some coursework but mostly focuses on research for a dissertation. Generally, Ph.D. students spend just a few years on coursework and focus the majority of their time conducting research and writing their dissertations.

This is because their research generally has to be more original than many graduate program projects are and often requires them to obtain their own funding, which can take time.

In addition to a dissertation, Ph.D. students also may have to pass a comprehensive exam before they can graduate.

A Ph.D. can prepare you for a career in research and/or academia. If you want to continue conducting research in your field for a company or a university, or if you want to become a university professor , you’ll need a Ph.D.

As a result, many people obtain their Ph.D.s if they are interested in either of those options, even if they end up working in a regular job as part of their career as well.

Master’s Vs. Ph.D. FAQ

Can you get a Ph.D. without a master’s?

Yes, you can get a Ph.D. without a master’s. Many Ph.D. programs in the U.S. will accept students who have only earned their bachelor’s degrees. However, usually, this means that the Ph.D. program is a little longer than it would be otherwise, as it also includes the master’s degree requirements.

Many students still prefer this route if they know they want to get a Ph.D., as it often still ends up being shorter than it would be to obtain their master’s degree and then a separate Ph.D. You should only take this route if you’re very sure that you want to get your Ph.D., though, as it requires a significant amount of time and money.

Is a Ph.D. above a master’s?

Yes, a Ph.D. is above a master’s. A Ph.D. is the highest level of academic study, and a master’s degree is the second highest. Both are higher than a bachelor’s degree.

There are some master’s degrees, however, that are terminal degrees, which means there isn’t a higher degree than a master’s degree in that area of study. One example of this is a Master of Fine Arts (MFA). Because it’s a terminal degree, it’s considered similar to a Ph.D. in that field.

This is because a Ph.D. is a terminal degree in other fields of study and designates someone who has obtained the highest level of education possible in that field.

What are the four types of degrees?

The four types of degrees are associate’s, bachelor’s, master’s, and doctoral. An associate ’s degree typically takes about two years to earn and focuses on general education with a few specialized classes. These degrees are designed to prepare graduates to enter the workforce.

A bachelor’s degree usually takes about four years to complete and includes both general education and about two years of classes in the student’s chosen field. Typically, bachelor’s degree holders are eligible for careers in virtually any area, as well as many managerial and mid-level positions.

A master’s degree typically takes about two years to complete and includes both classwork and research in the student’s chosen field of study. Many students earn their master’s degrees because they want to take on an administrative or managerial role in the future.

A doctoral degree (which includes Ph.D.s) is a terminal degree for most fields, which means it’s the highest degree someone can obtain in that area. These degrees take between three and seven years to earn, and they focus mainly on research, although they have some classwork as well.

People who want to conduct research or work in academia often earn their doctoral degrees.

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Abby is a writer who is passionate about the power of story. Whether it’s communicating complicated topics in a clear way or helping readers connect with another person or place from the comfort of their couch. Abby attended Oral Roberts University in Tulsa, Oklahoma, where she earned a degree in writing with concentrations in journalism and business.

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• Masters Vs Phd

PhD vs Master’s

Students who want to learn more about their subject of choice or want to specialize in a specific topic or field within their subject of choice pursue a master’s degree, after completing their undergraduate degree. Typically, a doctorate degree like Doctor of Philosophy (PhD) is pursued after the completion of the master’s degree. There are some graduate programs in the United States that allow students to complete their master’s and PhD simultaneously, but it’s rare.

It’s important to understand the differences between master’s vs PhD, when you’re planning to enter graduate school . Each offers a different level of education and possibilities in terms of scope of work differ between the two as well.

One of the most common question students have about PhD vs master’s degree is whether one must first get a master’s degree to be eligible to pursue a PhD. The undergraduate degree is considered the first degree, while the master’s is considered the second degree. A doctorate degree like PhD is usually the terminal degree, as the student’s academic life ends once they get their doctorate degree. Most students complete their master’s degree first and then begin pursuing a PhD.

It will take you about five to six years to get a PhD at a graduate school. If you’re pursuing your PhD in the same subject that you did your master’s degree in, you might receive your doctoral degree a little earlier. Unlike in most other countries, in the United States, PhD programs begin with structured classroom sessions and examinations or assessments, followed by the dissertation stage. So, initially, there will be a process of continuous assessment and then you can focus solely on completing your doctoral thesis. This structured training process is the same for master’s vs PhD.

Enrollment Eligibility

Most PhD programs require the student to have completed a master’s degree, though there are exceptions. The application process for PhD programs also take much longer than master’s degrees, because students typically apply for funding and/or fellowships. So, that’s a major difference between PhD vs master’s degree.

Average Cost

The cost of a PhD program in the United States varies between $30,000 to $50,000, but very few doctoral students self-fund their studies. They usually apply for funding and fellowships to subsidize their studies. In addition, graduate schools offer doctoral students in-house assistantship opportunities, which require students to devote 15-20 hours per week in helping out professors or perform other duties and tasks at the university. They get paid for their time, which helps out with the fees. Fellowships also reduce the burden of fees off the students to a great extent.

Average Salary

Traditionally, after completing their PhD people enter the field of full-time research or enter academia to become professors. The entry-level salaries aren’t much higher for a PhD vs master’s degree, but the scope of climbing up the ladder faster in their respective fields is much greater, along with significant increases in salary. However, these days doctoral degree holders are looking beyond academia and into the private sector. Several excellent opportunities have opened in think tanks, consultancies, media organizations, etc. The pay is much higher and the opportunities to implement what you have learned more exciting and interesting.

Master’s Degree

The duration of most master’s degrees is two years or 24 months. There are some that last 18 months or 12 months as well.

The length depends on the number of academic credits that need to be completed to get the degree in question. A two-year master’s degree can have anywhere between 30 and 60 credits.

If you have been awarded an undergraduate degree you’re eligible to apply for a master’s degree. Generally, students opt to pursue their master’s degree in the same subject as their major during the undergraduate degree, though that’s not mandatory. For certain professional master’s degree program such master’s in business administration (MBA), master’s in one of the fields of engineering, master’s in accounting, etc., you might have to sit for an entrance exam. These exams determine if you have the aptitude for the program or not.

How much you pay for your master’s degree depends on a number of factors. Firstly, the type of master’s degree you wish pursue will have a bearing on the cost. Tuition fees for master’s degree programs can vary between $15,000 to $50,000 per year and more, while the professional graduate programs such as business administration and engineering cost more. The type of university or graduate school you go to will also impact the cost. Public universities are state funded and cost lower than private universities. Plus, if you live in the same state as the university you will have to pay a much lower fee than an out-of-state student or international students. If you have a scholarship , you might have to pay only a part of the fee or even study for free.

The US Department of Education provides an online fees calculator at College Affordability and Transparency Center that helps you find out exactly how much you can expect to pay.

The salary you can expect to get after completing your master’s degree is almost entirely dependent on your choice of subject or specialization. Technology and businesses related master’s degrees fetch a lot higher salaries than humanities for instance.

The Final Word

In regards to cost, it needs to be mentioned that tuition fees isn’t the only cost involved. You will also have to pay certain other fees that varies from graduate school to graduate school. Plus, there are cost involved with buying books, other study materials and more. It’s unlikely that you will have the time or opportunity to do anything other than internships with really low stipends or part-time jobs to help out with the costs.

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Salary Difference Between Master’s and Ph.D. Degrees

When undergraduates are thinking about studying abroad for an advanced degree in the U.S., they have two options: apply to a master’s degree or doctoral degree program. Here we will talk about the differences between master’s and Ph.D. degree programs and also compare the lifetime earnings of both degrees in respective occupations.

What Are Master’s Degrees?

A master’s degree is the first level of graduate study designed to give you a solid education in a specialized field after you finish a bachelor’s degree. It usually requires one to two years of full-time study. Master’s degrees tend to be a more career-oriented program. Upon completion, graduates are expected to have advanced knowledge within a specialized field and have analytical, evaluation, and professional application skills. One disadvantage is that there are limited scholarships for international students who are master’s candidates in the U.S.

What Are Ph.D. Degrees?

Ph.D. is an abbreviation for Doctor of Philosophy, which is a doctoral degree. Obtaining a Ph.D. degree means you have an exclusive specialty in your field. Ph.D. candidates are expected to engage in thought experiments, reason about problems, and solve problems in sophisticated ways . Students can apply for a Ph.D. program directly after completing a bachelor’s degree, while some schools also require a master’s degree before entering a Ph.D. program. The exact number of years varies from four to eight years, which highly depends on the field, the student’s research topic, and the student’s skills. A Ph.D. degree also requires students to pass comprehensive exams and a large scholarly project called a dissertation .

For international students, financial aid opportunities might be a big motivation to apply for a Ph.D. degree. Schools recognize that those trying to acquire their doctoral degree need more assistance due to the length of study.

Salary Differences Between Master’s and Ph.D. Graduates

After looking at the different commitments the two degree programs require, you may also want to look at the average salaries for master’s and Ph.D. graduates. Below is an income chart from the United States Census Bureau about employee’s work-life earnings that refer to different occupations and education levels attained.

Note: This chart is for 25 to 64-year-olds who are working full-time, year-round. Source: www.census.gov

Overall, the average life earnings of doctorate holders are higher than other degree holders within the same industries. However, the life earning gap between master’s and Ph.D. holders varies on different majors or fields of study. For example, in biological science occupations, a Ph.D. holder earns 27 percent more than that of a master’s holder. Whereas in some other fields, such as business, there is only a small difference of 8 percent.

If you are looking for ways to improve your career, obtaining an MBA degree may be worthwhile financially as graduates receive similar work-life earning as Ph.D. graduates. But if you’re looking to pursue a Ph.D. degree within a highly focused field, then check out the top 50 U.S. colleges with the most international graduate students.

So, consider pursuing a Ph.D. degree if you truly love your field, enjoy your studies, and want the benefits and prestige associated with the doctoral degree. If you are looking for a change in field, industry, or a promotion, then getting your master’s might be enough.

Do you want to further your education and need funding? Check out our free Funding Your Education e-guide.

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Graduate vs. Bachelor Degree: Understanding the Key Differences

Career 26 Aug 2024 148 0

Graduate vs. Bachelor Degree: Understanding the Key Differences in Higher Education

The decision to pursue higher education often involves choosing between a Bachelor's Degree and a Graduate Degree. Understanding the differences between these two levels of academic qualifications is crucial for students, professionals, and educators alike. This article will explore the key distinctions, including academic requirements, duration, career implications, and costs, to help you make informed decisions about your educational and career paths.

What is a Bachelor's Degree?

A Bachelor's Degree is an undergraduate academic qualification awarded by colleges and universities upon completion of a course of study that typically lasts three to four years. It serves as the foundation for higher education and offers a broad understanding of a specific field of study. The Bachelor’s Degree is often considered the first step in the academic hierarchy and is essential for many entry-level positions across various industries.

Academic Requirements : To earn a Bachelor's Degree, students must complete a combination of general education courses, major-specific courses, and electives. General education courses provide a well-rounded academic foundation, covering subjects such as mathematics, sciences, humanities, and social sciences. Major-specific courses focus on the student's chosen field of study, offering in-depth knowledge and skills in that area. Electives allow students to explore other interests, making the degree more personalized.

Duration : A Bachelor’s Degree typically requires three to four years of full-time study. This duration can vary depending on the country, institution, and specific program requirements.

Career Implications : Holding a Bachelor’s Degree opens doors to various entry-level positions in fields such as business, education, healthcare, and technology. While it may not be sufficient for specialized or advanced roles, it provides a solid foundation for career growth and further education.

What is a Graduate Degree?

A Graduate Degree is an advanced academic qualification pursued after earning a Bachelor’s Degree. It includes both Master’s and Doctorate degrees, each offering a higher level of specialization and expertise in a particular field. Graduate programs are designed for individuals seeking to deepen their knowledge, conduct research, or advance their careers.

Academic Requirements : Graduate Degrees focus on specialized knowledge and often require the completion of a thesis or dissertation. Master’s degrees typically involve coursework and research, while Doctorate degrees emphasize original research and contribution to the field. Admission to a graduate program usually requires a Bachelor’s Degree, along with standardized test scores, letters of recommendation, and a statement of purpose.

Duration : The duration of a Graduate Degree varies depending on the level and field of study. A Master’s degree typically takes one to two years of full-time study, while a Doctorate degree can take three to six years, or even longer, depending on the research requirements.

Career Implications : Graduate Degrees open up advanced roles and specialized positions in various industries. For example, a Master’s in Business Administration (MBA) can lead to leadership roles in business, while a Doctorate in Education (EdD) qualifies individuals for academic and research positions in universities. Graduate degrees are often required for careers in academia, research, and certain specialized professions such as law or medicine.

Key Differences Between a Bachelor’s Degree and a Graduate Degree

1. Academic Focus

• Bachelor’s Degree : Provides a broad education in a specific field, with a mix of general education and major-specific courses. The focus is on building a strong academic foundation and developing critical thinking skills.
• Graduate Degree : Involves specialized knowledge and research in a particular area of study. The focus is on advanced concepts, theories, and methodologies, often culminating in a thesis or dissertation.

2. Duration of Study

• Bachelor’s Degree : Typically requires three to four years of full-time study.
• Graduate Degree : Master’s degrees usually take one to two years, while Doctorate degrees can take three to six years or more, depending on the research involved.

3. Career Opportunities

• Bachelor’s Degree : Qualifies individuals for entry-level positions in various industries. It provides the necessary skills and knowledge to start a career, but may limit opportunities for advancement without further education.
• Graduate Degree : Opens doors to advanced roles, specialized positions, and leadership opportunities. It is often required for careers in academia, research, and certain professional fields such as law, medicine, and engineering.

4. Cost and Commitment

• Bachelor’s Degree : Generally less expensive and requires a lower level of commitment compared to a Graduate Degree. The cost varies depending on the institution and country, but it is typically more affordable than pursuing a graduate degree.
• Graduate Degree : Higher costs due to the specialized nature of the education and the longer duration of study. Graduate degrees often require a significant investment of time, money, and effort, but the potential return on investment can be substantial in terms of career advancement and earning potential.

5. Examples of Degrees

• Bachelor’s Degree : Common examples include Bachelor of Arts (BA), Bachelor of Science (BS), and Bachelor of Business Administration (BBA).
• Graduate Degree : Examples include Master of Arts (MA), Master of Science (MS), Master of Business Administration (MBA), Doctor of Philosophy (PhD), and Juris Doctor (JD).

Understanding Higher Education Levels

To fully understand the distinctions between a Bachelor’s Degree and a Graduate Degree, it’s important to recognize the hierarchy of academic qualifications. Higher education can be broadly categorized into undergraduate and graduate levels:

Undergraduate Education : Includes Associate’s and Bachelor’s degrees. An Associate’s degree typically takes two years and serves as an entry point to a Bachelor’s degree. A Bachelor’s degree, as discussed, is a more comprehensive program that prepares students for a wide range of careers.

Graduate Education : Includes Master’s and Doctorate degrees. Graduate education offers advanced training and research opportunities, often leading to specialized careers and academic positions.

Making the Right Choice: Bachelor’s Degree vs. Graduate Degree

When deciding between pursuing a Bachelor’s Degree or a Graduate Degree, several factors should be considered:

1. Career Goals :

• If your goal is to enter the workforce quickly and build a career in a specific industry, a Bachelor’s Degree may be the right choice.
• If you aim to specialize in a field, pursue leadership roles, or engage in research, a Graduate Degree may be necessary.

2. Financial Considerations :

• The cost of education is a significant factor. A Bachelor’s Degree is generally more affordable and requires less time to complete.
• Graduate Degrees, while more expensive, can lead to higher earning potential and advanced career opportunities.

3. Time Commitment :

• A Bachelor’s Degree typically takes less time to complete, allowing you to enter the workforce sooner.
• A Graduate Degree requires a longer commitment, but it offers the opportunity to develop specialized skills and knowledge.

4. Academic Interests :

• If you have a passion for a particular subject and wish to explore it in-depth, a Graduate Degree provides the opportunity for advanced study and research.

5. Future Opportunities :

• Consider the long-term benefits of each degree. A Bachelor’s Degree may be sufficient for certain careers, but a Graduate Degree can open doors to advanced positions, higher salaries, and academic careers.

Conclusion:

Choosing between a Bachelor’s Degree and a Graduate Degree is a significant decision that requires careful consideration of your career goals, financial situation, time commitment, and academic interests. Both degrees offer valuable opportunities, but they serve different purposes in your educational and professional journey.

A Bachelor’s Degree provides a solid foundation for a wide range of careers, offering the knowledge and skills needed to succeed in the workforce. It is an essential qualification for entry-level positions and can be a stepping stone to further education.

A Graduate Degree , on the other hand, offers advanced training and specialization in a particular field. It is ideal for individuals seeking to advance their careers, engage in research, or pursue academic roles. While it requires a greater investment of time and resources, the potential rewards in terms of career growth and earning potential can be substantial.

By understanding the differences between these two levels of education, you can make informed decisions that align with your personal and professional goals. Whether you choose to pursue a Bachelor’s Degree, a Graduate Degree, or both, your commitment to education will be a valuable asset in your journey towards success.

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