Graduate degrees open doors and are sought-after assets in the labour market. An increasing number of employers are hiring employees with master’s degrees for positions previously only requiring a bachelor degree. The Canadian Association for Graduate Studies (CAGS) notes that graduate degrees are a valuable asset for a growing number of jobs.
Not surprisingly, Statistics Canada confirms the clearest benefit of a graduate education: higher employment rates are associated with higher levels of education. Master’s degree holders earn a larger premium over those with a bachelor’s degree. Labour market outcomes show that master and doctorate graduates are the most likely to obtain a job they had hoped for after graduation.
There are other advantages to completing a graduate degree that you might not have considered:
Professional development: new skills and competencies and higher levels of expertise
Personal growth: finding a new community of scholars, independent research, intensive learning environments, greater collaboration with faculty
International recognition in your area of study or profession