Common question students in their final year at a BBA college in Delhi NCR ask is – whether it is right to directly pursue a master’s degree after graduation or should they go ahead and acquire some work experience first? While many MBA and master programs insist on work-experience before giving admission to students, there is no absolute answer to this question.
Here are a few considerations that you can make that will help you make your decision –
- Do you Eventually Plan on getting a Doctorate?
As per the degree structure in India and many other parts of the world, you are able to apply for a doctorate or PhD only if you have a second-cycle degree, i.e., a master’s that is relevant to your doctorate. On the other hand, if you do not plan to pursue a career in research, you may not require to pursue your master’s at all.
- Does your Field Demand that you Need a Master’s Degree?
Before you make decisions in a rush, do some research on what your potential employers expect out of you. For some job positions in some specialities, employers demand that the candidates have a master’s degree. For such companies or positions, having a master’s degree represents a threshold under which applications from those candidates that do not meet the requirement are automatically filtered out. That said, there are a number of positions where companies too, recognize the value of a more hands on, practical approach. Here, having work experience may give you the competitive edge that a master’s degree cannot.
- How Passionate are you About the Field you Wish to Work in?
Pursuing a master’s degree can prove to be a great option if you need to gain the latest and more advanced knowledge in a specific field or area of expertise. However, remember that pursuing a master’s is no cake walk and to be able to do well in your course, you need to enjoy learning the subjects you have choose. At the same time, keep in mind that many skills cannot be learnt in a classroom and the only place that you can acquire these is through work experience.
- How Much does your Education Cost?
Master’s programs in renowned schools in India and abroad can prove to be rather expensive. Also, these programs are extremely demanding making it difficult for you to continue to work while earning a degree. When choosing to opt for a master’s program assess whether you can support yourself financially for the next 1-2 years without earning anything. Also assess the income jump you actually get after investing all the time and money towards pursuing a higher education.
Many times, you may find it difficult to earn competitive salary when you are fresh out of college. However, it will still allow to support yourself financially while also acquiring the experience you need. Make your decisions based on your existing and future financial needs.
Finally, make sure your decision is completely justified. Many students choose to pursue a master’s degree because they aren’t able to find a job or are looking for better paying position. Make sure your professional focus after graduation is to gain a competitive edge from a skill-set perspective and the rest will follow.