Get a Master's Degree Online

Increase Your Earning Potential With a Graduate Degree

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Master's Degree Online - Mary Gober
Master's Degree Online - Mary Gober
Full-time workers can get a master's degree online in only a couple of years, substantially increasing both their knowledge and earning power.

It is easier than ever to get a master's degree online to increase knowledge and earning potential. Online education saves money and time compared to campus programs. If a person needs to continue working while furthering his or her education then getting a master's degree online may be a good solution. Online students need to be disciplined, but they’ll have flexibility in the times that they do the lectures, homework, study, and take tests. Online education not only works for basic skills, industry qualifications, associate and bachelor degrees, it also works for graduate degrees. Here are a few guidelines for getting a master's degree online.

Investigate Online Master's Degree Programs and Schools

Choose an online college that has been accredited by a valid accrediting organization, because there are phony ones created by diploma mill schools. There is an organization called the Council for Higher Education (CHEA) which enables prospective students to make sure that an accreditation institution cited by a college is legitimate. Go to the CHEA site and click on “Databases and Directories.”

The U.S. Department of Education has a site called “College Navigator” that can aid in a college and program search, but it is not limited to online programs. This site is maintained by the National Center for Educational Statistics (NCES) and has a large number of publications, studies, facts and statistics available on post-secondary education as well as earlier education levels.

According to the NCES about two-thirds of the 4,160 post-secondary institutions offer distance learning programs or courses. So students have over 2,700 schools to choose from, although some of these schools do not offer online master's degrees either at all or only in a limited number of study areas. Still, there are a lot of colleges to choose from in pursuing a master's degree online.

Getting a Master's Degree Online Requires Motivation

Graduate degrees take more work to earn than bachelor degrees do. The work is harder, too. Prospective master's degree candidates need to be prepared for the amount of reading, research papers, and study required in graduate education. Motivation needs to be high and self-discipline good in order to succeed earning a master's degree online because there is less structure to help.

Prospective students who have full-time jobs in the career area of their choice need to be particularly careful and be sure that they can devote the time and energy required to complete a graduate degree. One strong motivator for many master's degree candidates will be the increase in their earning power that comes along with the advanced degree. This is particularly true in teaching and nursing but is the case in many other professions as well.

Getting a Master's Degree Online Increases Earning Potential

The earning potential of a master's degree is addressed in a recent College Board study that showed workers with master's degrees earning $10,400 more per year than those with bachelor degrees. This means that over a 40-year working life the master's degree would earn $416,000 more than a bachelor's, on average.

Even if the increase in earning potential was initially minimal in a given field, the knowledge and confidence provided the master's degree recipient could lead to faster career advancement. That is the second route to higher lifetime income.

A Master's Degree Online is a Worthwhile Investment

Getting an online master's degree yields a higher lifetime income compared to a bachelor's degree, either directly or through a faster career path. That makes the cost of obtaining the graduate degree very worthwhile. And there is no “opportunity cost” if the student continues to work full time while earning the online master's degree. From that standpoint, the total cost of getting a master's degree online is significantly lower than full-time on campus education coupled with part-time work or no employment at all.

Rob McKelvie, Rob McKelvie

Robert McKelvie - My experience in business and pursuit of learning over the years enables me to share some of my knowledge via the web.

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