The aim of a master’s degree, whether MSc, MRes or MPhil, is to provide you with focused knowledge that builds on what you would have learned from your degree. Although each type of master’s degree has its own focus, such as a master’s degree in practical knowledge and an MPhil in research skills, the specialization they offer is not as deep as that offered by a doctorate. This is because they have a broader curriculum and generally use many teaching methods, including lectures and tutorials, which provide a range of information on many closely related topics.
Doctorates are the highest form of university degree you can obtain and offer more specialized knowledge than any master’s degree. Unlike master’s degrees, which rely on a combination of teaching methods and curriculum, doctorates are research-only degrees and focus on a specific research question.
The benefits of getting two masters
The first benefit of two masters was the options it offered to the holder of two masters. For example, one person with a master’s degree in special education initially found that he would only open and direct her to a handful of jobs, primarily as a special education director for a district or a regional service center.
Note that in the state where I work, Texas, you need a master’s degree to be an administrator. It doesn’t specify what kind of mastery it is – you only get one. That person then went back and got a master’s degree in educational administration. It opened a lot more doors for the person and he started leaning more towards campus administration and central office.
Why big in finance?
According to the Bureau of Labor Statistics, jobs in finance, such as investment banking, corporate finance, private equity and wealth management, will increase 5% over the next 10 years. That’s faster than average for all jobs. It doesn’t matter if you have a BA Finance vs. BS Finance, or your job title or specialty, an on-campus or online finance degree can connect you to great job opportunities and job security.
Opening the door to new fields
Another master’s degree generally carries more weight with employers than work experience. Show a commitment to developing new skills beyond what you have chosen in your current career.
In addition to the industries mentioned above, expanding your areas of expertise prepares you for jobs in teaching and research. Another benefit is improved communication skills.
Personal loans
Getting a personal loan for the second master is also a good option. Personal loans are generally unsecured. This means that you don’t have to provide anything as collateral. There is a value in the collateral that will serve as payment (i.e. collateral) if you can no longer repay a loan. You can use a personal loan for anything you want, even a second master’s degree.
You can apply for personal loans online. Personal loans are available to US citizens, permanent residents, and even foreign nationals working or studying here. Find and apply to those you qualify for.