The motivation to do a doctorate straight after basic studies is to save money and time. Basically, you save one academic year. Another advantage of registering immediately for a doctorate is the availability of the project. If you find a project you’re really interested in, it’s unlikely that it will still be available in a year’s time. So, bypassing a master’s degree and enrolling directly in a doctorate increases your chances of getting the research project before it’s available.
Although a master’s degree adds a year to your academic career, it can be very useful for your development and preparing you for a doctorate.
The first few months can be overwhelming, but it is important to remember that you have been accepted as a graduate student. This confirms that a panel of experts is confident that you can earn such a prestigious degree.
During your first semester, try to review and critically examine your research proposal once a week. The nature of the research varies, but it’s also helpful to remember what you suggested. Critical thinking is essential throughout the process.
How to do a doctorate as an international student without a master’s degree?
It goes without saying that a good academic record is a big part of getting into a doctoral program once you finish your undergraduate studies, but that’s only one part of the equation. Doctoral applications require more paperwork, including a university-appropriate letter of intent and letters of recommendation from your former faculty that can confirm your potential as a candidate.
Why finance rather than other business majors?
Why study finance rather than business administration or accounting, for example?
You save time and money
Directly from the baccalaureate to the doctorate. You save time and money. You don’t need to finance the extra years of study and you can access the job faster.
You can’t turn down a great opportunity and wait to see if it’s still there after your Masters. If you skip a master’s, you have a chance to get a place in the doctorate. A program of your choice or the opportunity to work on a research project of your dreams, if accepted. The same goes for funding opportunities – you have to take them even if you skip your masters.